Starting up:
Your management and operations
You should review the skills and knowledge needed to run the business, and compare these with the abilities of the people currently working for you.
If certain skills or knowledge are lacking, you may be able to obtain them by training. Certain skills such as accountancy and marketing may be better bought in as and when they are needed. Other skills, such as selling and production, are needed constantly and so should be available in house. If you do need additional skills, we can help recruit staff for you.
You need to decide how you will operate the business. Property issues, for example, include:
- Where you will be based;
- Whether you will buy or lease premises;
- Any production facilities that you require.
You may find it useful to take a look at the Running a business section where we cover property issues in more detail
Other operational matters to consider include:
- Accounting systems;
- Payroll systems;
- Management systems (eg stock control);
- Information technology (IT).
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Where next?
Within Developing your business idea…
- Your business, its products and services
- Your market, competitors and sales and marketing strategy
- Financial forecasts
- Presenting your plan
Within Starting up ...
- Your business structure
- Setting up
- Accounting systems
- Payroll and PAYE
- National Insurance contributions
- VAT
- Income tax
- Corporation tax
General ...
- Contact us about this issue
- Read about how we can help you & your family
- Request a meeting with us
