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Originally Posted by Nidge
I'm thinking of starting my own business, I need Invoices, letter heads and quotation sheets for a start. I'm thinking of going into the light haulage business.
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No offence, but what you *need* for a start is a solid business plan!
Will you finance this out of your pocket or get a bank loan?
They'll definitely want to know the following...
How many people are already offering the service you want to sell?
What is going to make someone come to you instead of the existing suppliers?
How much are you going to charge?
What costs are going to be involved (fuel, tax, VAT, staff, accountants, wear and tear on vehicles)?
Can you make a profit on the difference between the charges and the costs?
Is it going to be just you? If so, what happens if you're ill?
If you're employing others, what about wages, health and safety, possibly pension provision?
Will you be a self-employed sole trader (you'll be liable for all the debts if the company gets into trouble which could result in you losing your house if you have one)? Limited company? (More paperwork and you'll really need an accountant and someone to operate as Company Secretary).
These are just a few of the things you'll need to consider!
Please understand I'm not trying to put a dampener on your plans and I wish you every success, but get advice and do research before you jump in with both feet!
http://www.smallbusiness.co.uk/
http://www.startups.co.uk/
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