Starting your own business?

Starting your own business – Some questions from IVC Malta…. A college by business for business

The more planning you give to the job of running your business, the more chances of SUCCESS

These are some questions you should consider before you start:

• What are my prospects given that the economy remains a very difficult one?
• Are you the sort of person who can succeed in business?
• Have you any funds you can put into the business?
• Are you familiar with the legal requirements that will be placed on you as a business proprietor?
• Have you considered how much you will earn during your first year?
• Do you need help raising finance for your business?
• After business expenses, including taxation and national insurance, have you estimated what your salary and profit are likely to be?
• Have you considered how you can minimise your tax liability so that you keep more of what you earn?
• Have you considered how technology can benefit your business?
• Have you decided how the internet can be used to your advantage?
• Does social media have a role to play in promoting you and your business?