So, you have decided to buck the trend and start a new business.  Well done, that is a pretty brave move in the current economic climate.

This isn’t something that has suddenly just popped into your head.You have actually spent at least 6 months making plans for your new business.

Naturally you have carried out a lot of research into the market, seen who your biggest competitors will be and sourced all your products.

Next step will be getting an appointment with the Bank Manager to see how much money the bank are willing to lend you.

Have you actually thought about how much money you are going to need?Have you really considered everything properly?

To get the most competitive stock prices, it is always a good idea to buy in bulk.Naturally this could prove to be quite a costly expense and you will see a huge wedge of money paid out in one go.To achieve the best prices, it would be advisable to import stock, and naturally with this you have additional problems.On top of the cost of the stock, you will also have additional costs for customs and excise fees and transport from the airport/docks to your premises.  You really have to take all these costs into account, because they could actually cost a lot more than you anticipated.

Now that you have placed your first order for stock, have you considered where you might be running your business from?

Have you got some premises in mind, is it secure enough, how much will it cost per month to run?  There are so many different questions that need to be addressed.

Even if you make the decision to run the business from your home, there are additional problems this could cause.Do you have large enough storage space, will your neighbours be pleased with your new venture, will you mortgage company need to be informed because you are now using your home as a business?

I know some of these seem incidental, but they are all totally relevant and need to be addressed right from the beginning.

Great, now you have loads in place, your money is borrowed, your stock is on order and your business premises are sorted.What is next on the list is where are you thinking about selling your products.

The natural progression will be to ensure you have a website for your business, it is definitely the only way to go.

Ensure you have researched Web Design companies who specialise in SEO