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Community Forums => The Lounge => Topic started by: ACE2M on August 18, 2013, 08:12:22 PM



Title: Starting a small business
Post by: ACE2M on August 18, 2013, 08:12:22 PM
Anyone know about opening a shop? Costs, business start up loans, pitfalls, taxes etc


Title: Re: Starting a small business
Post by: outragous76 on August 18, 2013, 08:24:39 PM
Get excellent property advice on your lease and its obligations. The number of people who pay £££££ at lease end instead of £700 prior to signing it is unbelievable!

It's remarkable that people just sign leases without good advice!


Title: Re: Starting a small business
Post by: BangBang on August 18, 2013, 10:27:53 PM
Pretty broad question. . Maybe a local business link can help..


Title: Re: Starting a small business
Post by: RED-DOG on August 18, 2013, 10:49:23 PM
Pretty broad question. . Maybe a local business link can help..


I'm good with pretty broads, what's your question?


Title: Re: Starting a small business
Post by: doubleup on August 18, 2013, 11:27:20 PM
Get excellent property advice on your lease and its obligations. The number of people who pay £££££ at lease end instead of £700 prior to signing it is unbelievable!

It's remarkable that people just sign leases without good advice!

def this - I have a friend who was stuck with a marginal business and finally ended up bankrupt over a lease.


Title: Re: Starting a small business
Post by: MLHMLH on August 20, 2013, 05:09:33 PM
If you're buying an existing business make sure you employ an accountant to perform due diligence on the accounts.  This will hopefully verify the overheads, takings and profit margin for you.


Title: Re: Starting a small business
Post by: CHIPPYMAN on August 20, 2013, 05:53:14 PM
Anyone know about opening a shop? Costs, business start up loans, pitfalls, taxes etc

What business u planning to do ? Maybe I can give u advice if I know what u wanted to do ?