Starting a business | promunim of india - promunim of india
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Being aware of various considerations around starting a business will help you decide if it is the right approach for you and increase your chances of success.

Identify the best approach

Think about what type of business you want to start, eg a business based from home, a high growth business with an innovative product, or even buying an existing business.

Develop a business idea

Market research can be vital to identify and develop your business idea. From there you need to find quick ways to test if your idea is viable and bring your idea to life.

Prepare a business plan

A business plan can help you secure funding, as well as clarifying how your business will work, who your customers are, and how much money you’ll make. We have a handy template created especially for start-ups.

Set up and name your business

Limited company, partnership, sole trader...the legal structure you choose for your business will affect your tax, paperwork and personal financial liability. There are a few considerations when it comes to naming your business too.

Protect your ideas

There are organisations in Scotland that can offer business support and advice in areas like starting up, improving skills, international trade, innovation and efficiency. Networking with other businesses can also help you gain new insights.

Find business support and advice

There are organisations in Scotland that can offer business support and advice in areas like starting up, improving skills, international trade, innovation and efficiency. Networking with other businesses can also help you gain new insights.