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Your Business Opportunity

If you have recently lost your job then you aren't the only one. The current unemployment figure is around 1.6 million people in the UK! We believe there simply shouldn't be that many people unemployed in the UK. That's a lot of people sitting around doing nothing!

On the flip side of that coin there are currently around 31 million employed in the UK.

So many times on the television we hear the same old thing - "I've lost my job and I have no hope of getting a job, nobody will employ me". Well you might be right in one aspect - that due to the current economic climate you may well be virtually unemployable.

But the case is simple you have missed the one person who will employ you!

That's right there is one person in the world who will employ you - YOU!

Rather than working for someone else who may lose you your job through no fault of your own - isn't it time you took the responsibility yourself? Take control of your own destiny - start your own business. Once you've taken on the responsibility of starting your own business you will likely never look back.

So you are taking the plunge and starting your own business! Congratulations! It could be the best financial move you’ve ever made . . . or the worst! It’s very true that you will never make a fortune working for someone else. You might be comfortable, you might have a great retirement, and some people will get rich if they rise to the executive levels, but most of us will never earn as much working for someone else as we will with our own business. But if we go into our new business unprepared, we could lose everything we have and possibly even ruin our ability to re-enter the job force on the same terms we were on before. It can be more difficult to land a good job after being self-employed for an extended period of time. Of course, there are ways to deal with this issue, but that is beyond the scope of this article.

Our goal here is to get you prepared to succeed.

The phenomenon of a worker who may have been in the work force for 40 years suddenly starting a new career at 50 or over is a trend that is exploding as baby boomers hit that age bracket. There has always been a phenomenon of older workers trying something new but the trend has hit such a new high in the baby boomer retirement picture. So you have to wonder what about baby boomers makes them want to start new careers late in life. Part of it has to do with the way business has functioned in the last few decades. In our parents working years, the norm was to work for the same company and be a “company man” for 40-50 years, get that old watch and retire with a handsome retirement package. That formula just doesn’t work any more.

For one thing, retirement plans supported by employers have become a thing of the past. Savings for retirement have plummeted as the financial demands of life are all most people can keep up with. So the concept of working on into what used to be called retirement years is now a given if for no other reason than financial necessity.

The model we just laid out of employees staying with the same company for their entire adult lives is simply no longer a reality for all but a few in the modern work force. Most baby boomers have worked for dozens of companies in their adult lives so their retirement packages, if they exist at all, are small. Part of this can be attributed to the entrepreneurial spirit of baby boomers. But there has been a discernable shift in the way business works as well. Companies don’t like the idea of keeping employees that long. Add to that the fact that so many companies have gone out of business, been absorbed in huge corporate buy outs, or undergone drastic downsizing that by the time most boomers hit their 50s and 60s, the idea of keeping one single career moving forward is pretty hard to sustain.

But these negative explanations are not all there is to why baby boomers are starting over late in life. Boomers never did accept that the rules of life or aging applied to them. They are ambitious, adventurous and willing to strike on new paths with much less fear than previous generations. As boomers have faced some of the challenges of the economy and the modern business world, they have responded aggressively by starting businesses or changing their careers entirely late in life. And they are just as willing to pay their dues and stick with that new career until they are successful as they were when they were 30.

Many workers find a line of work and learn they can pay the bills and raise the kids early in life but they do not follow their dream career at that time. So when the time in life comes that the kids are out of the nest, the house paid off and the adventure of living has settled down somewhat, many baby boomers see that as the chance to finally throw off that boring old career and go after their dream career once and for all.

It’s inspirational to see someone in that stage of life setting the standard for not settling for anything less than realizing their dream by launching a new career doing what they always wanted to do all along. Who can fault boomers from wanting that kind of gratification of finding success in a career that fulfills their passions? So God bless the late in life boomers who go for the brass ring in their golden years. They will be an inspiration for many coming behind them to be as bold about their lives as well.




We have advice in 46,719 different U.K. Business Sectors

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Index of Businesses Beginning With R.

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R&B and Soul Music Fansite

R. Standard de Liege Fansite

Rabat Blog

Rabbit Farm

Rabbit Food

Rabbits

Race Car Beds

Racehorse Training Stables

Racing Alternators

Racing Apparel

Racing Computer Games

Racing Form Publisher

Racing Helmets and Accessories

Racing RC Cars

Racing Seats

Racing Skates

Rack and Panel Connectors

Rack and Pinion Bearings

Rack and Pinion Bellows Kits

Rack and Pinion Complete Units

Rack and Pinion Equipment

Rack and Pinion Mount Bushings

Rack and Pinion Repairs

Rack and Pinion Seal Kits

Rack and Pinion Short Units

Rack and Pinion Steering Assembly

Rack Tom-Tom Drums

Racket String

Racks

Racquetball Club

Racquetball Equipment

Racquetball Footwear

Racquetball Gloves

Racquetball Goggles

Racquetball Rackets

Racquetballs

Radamel Falcao Fansite

Radar Detectors

Radar Equipment

Radar Equipment Repair Service

Radar Instruments

Radial Ball Bearings

Radial Shaft Seals

Radial Tyres

Radial Tyres

Radiant Floor Heating Equipment

Radiant Heating and Cooling Service

Radiation Detection Instruments

Radiation Level Gauges

Radiation Protection Clothing

Radiation Protection Supplies

Radiation Shielding Aprons

Radiation Shielding Gloves

Radiation Testing Service

Radiator Additives

Radiator Caps

Radiator Conditioners

Radiator Cooling Fan Motor Relays

Radiator Cooling Fan Switches

Radiator Cores

Radiator Covers

Radiator Drain Cocks

Radiator Fan Motors

Radiator Fan Relays

Radiator Flushes

Radiator Heating Service

Radiator Hoses

Radiator Repair Shop

Radiator Safety

Radiator Sealers

Radiator Standard

Radiators

Radicchio

Radio Advertising Consultant

Radio Antennas

Radio Apps

Radio Blog

Radio Broadcasting

Radio Broadcasting Station

Radio Communication

Radio Control and Control Line

Radio Control and Control Line Blog

Radio Control Boats and Watercraft

Radio Electrical Accessories

Radio Frequency Identification Devices

Radio Frequency Transceivers

Radio Headphones

Radio Phonograph TV Phone Collectibles

Radio Power Boost Switches

Radio Repair and Maintenance Service

Radio Scanners

Radio Station

Radio Streaming

Radio Talk Shows

Radio Tubes

Radioactive Labels

Radioactive Waste Disposal Bags

Radioactivity Detection Equipment

Radiologist

Radiology Labels

Radios

Radios and Televisions

Radish Farm

Radishes

Radius Gauges

Radiused End Mills

Radon Detectors

Radon Testing Service

Rae Sremmurd Fansite

Rafael Nadal Fansite

Rafting Blog

Rafts

Rafts and Inflatable Ride-Ons

Rag Shop

Rags

Ragtime Music Blog

Raices Music Blog

RAID Controllers

Rail Travel Blog

Railings

Railroad Bridge Ties

Railroad Ties

Railroad Toy Models

Railway Sleepers

Rain Barrels

Rain Boots

Rain Chains

Rain Gauges

Rain Pants

Rain Sticks

Rain Suits

Rainbow Cakes

Rainbow Clothing

Rainbow Loom Bracelets

Raincoats

Rainwear

Raised Beds and Support Structures

Raised Garden Kits

Raised Toilet Seats

Raisin Breads

Raisin Farm

Raisins

Rakes

Raku Pottery Shop

Raleigh Blog

Rally Towels

Ram Air Kit

Rambutans

Ramekins

Ramekins and Souffle Dishes

Ramie Spun Yarns

Ramps

Ranch

Ranch Dressings

Ranch Farm

Ranch Salad Dressings

Ranch Snack Dips

Rancho Cucamonga Blog

Random Orbit Sanders

Range Fixtures

Range Golf Balls

Range Hood Parts and Accessories

Range Hoods

Range Hoods Fixtures

Range Hoods With Integral Lighting

Range Lighting Fixtures

Range Oven Parts and Supplies

Range Oven Sales and Service

Range Ovens

Range Parts and Accessories

Rangefinder Film Cameras

Ranges

Rangoon Blog

Rap Music Blog

Rapeseed Farm

Rapeseed Oil

Rapeseed Oil Cake

Rappelling Blog

Rare and Second-hand Books

Rare Coins

Rare Earth Magnets

Raspberries

Raspberry Farm

Raspberry Ketones Supplements

Rat Control Poison

Ratchet Puller Hoists

Ratchet Wrenches

Ratcheting Cargo Bars

Rate Of Climb Instrumentation

Rattan Bassinets

Rattan Bottle Covers

Rattan Furniture

Rattan Hampers

Rattan Pads

Rattan Seat Covers

Rattan Sofa

Rattan Ware

Rattan Webbing

Rattles

Raw Beans

Raw Beet Sugar

Raw Building Materials

Raw Cotton

Raw Food Cafe

Raw Grains

Raw Honey

Raw Liquid Whey

Raw Lumber

Raw Milk

Raw Mohair

Raw Silk

Raw Sugar

Raw Wool

Ray Ban Sunglasses

Ray Fishing

Rayon Fibres

Rayon Fibres

Rayon Filaments

Rayon Spun Yarns

Rayon Threads

Razor and Brush Stands

Razor Blades

Razor Scooters

Razor Strops

Razors

RC Aircraft Fuselages

RC Aircraft Landing Gear

RC Aircraft Wings

RC Battery Chargers

RC Boats

RC Cars and Trucks

RC Combustion Engines

RC Drones

RC Electric Motor Cooling Fans

RC Electric Motor Heat Sinks

RC Electric Motor Mounts

RC Electric Motors

RC Electric Motors and Parts

RC Engine Air Filters

RC Engine Bearings

RC Engine Carburettors and Parts

RC Engine Clutch Bells

RC Engine Connecting Rods and Parts

RC Engine Crankshafts and Parts

RC Engine Exhaust Systems and Parts

RC Engine Fuel System Parts

RC Engine Gaskets and O-Rings

RC Engine Heat Sinks

RC Engine Mounts

RC Engine Pistons and Parts

RC Engines and Parts

RC Flight Gyroscopes and Governors

RC Glow Plugs and Spark Plugs

RC Helicopters

RC Power and Driveline Systems

RC Race Track

RC Radio Antennae

RC Radio Crystals

RC Radio Receivers

RC Radio Transmitters

RC Radios and Parts

RC Servo Arms

RC Servo Bearings

RC Servo Cases

RC Servo Gears

RC Servo Horns

RC Servo Mounts

RC Servo Plugs and Wires

RC Servos

RC Servos and Parts

RC Starters and Parts

RC Trucks

RC Turnbuckles and Pro-Links

RC Vehicle Accessories

RC Vehicle Axles

RC Vehicle Batteries

RC Vehicle Bodies

RC Vehicle Body Clips

RC Vehicle Brakes

RC Vehicle Bumpers

RC Vehicle Bushings

RC Vehicle Carrying Bags and Cases

RC Vehicle Differentials

RC Vehicle Drive Belts and Chains

RC Vehicle Drive Pulleys

RC Vehicle Fuel

RC Vehicle Lighting

RC Vehicle Linkages

RC Vehicle Oil and Lubricants

RC Vehicle Onboard Cameras

RC Vehicle Parts

RC Vehicle Propellers

RC Vehicle Rotor Shafts

RC Vehicle Rotors

RC Vehicle Scale Accessories

RC Vehicle Shock Caps

RC Vehicle Shock Kits

RC Vehicle Shock Pistons

RC Vehicle Shock Shafts

RC Vehicle Shock Springs

RC Vehicle Speed Controls

RC Vehicle Spoilers

RC Vehicle Suspension A-Arms

RC Vehicle Suspension Sway Parts

RC Vehicle Suspension Systems

RC Vehicle Transmission Gearboxes

RC Vehicle Transmission Gears

RC Vehicle Transmissions

RC Vehicle Tyre Accessories

RC Vehicle Tyre Accessories

RC Vehicle Tyre Foam Inserts

RC Vehicle Tyre Foam Inserts

RC Vehicle Tyres

RC Vehicle Tyres

RC Vehicle Wheel Hubs

RC Vehicle Wheels

RC Vehicle Wheels and Tyre Sets

RC Vehicle Wheels and Tyre Sets

RC Vehicle Wheels and Tyres

RC Vehicle Wheels and Tyres

RC Watercraft Hulls

RCA Cables

Reach In Commercial Refrigerators

Reaction Kettle Flasks

Reading and Bed Rest Pillows

Reading and Writing Materials

Reading Blog

Reading Chairs

Reading Development Toys

Reading Fansite

Reading Glasses

Reading Improvement Centre

Reading Improvement Centre

Reading Tutor

Ready Made Curtains

Ready Mixed Concrete

Ready to Drink Protein

Ready-to-Paint Ceramics

Reagent Bottles

Real Betis Fansite

Real Estate

Real Estate Agency

Real Estate Agent

Real Estate Appraiser

Real Estate Apps

Real Estate Auctions

Real Estate Classifieds

Real Estate Investing

Real Estate Investment

Real Estate Investor

Real Estate Loans

Real Estate Management

Real Estate Manager

Real Estate Marketing

Real Estate Mortgage Broker

Real Estate Mutual Fund

Real Estate Rental

Real Estate Rental Management

Real Estate School

Real Estate Software

Real Estate Training

Real Estate Website Design

Real Madrid CF Fansite

Real Salt Lake Fansite

Real Sociedad de Futbol Fansite

Realtor

Realtor Website

Reamers

Reaming Speeds and Feeds

Rear Axles

Rear Bike Derailleurs

Rear Brake Callipers

Rear Brakes

Rear Deck Covers

Rear Facing Car Seat Mirrors

Rear Main Gasket Sets

Rear Parking Sensors

Rear Projection Replacement Lamps

Rear View Cameras

Rear View Mirrors

Rear Window Defogger Motors

Rear Window Defogger Switches

Rear Window Wind Deflectors

Rebar Contractor

Rebar Cutters and Benders

Rebars

Rebuilt Engines

Rebuilt Transmissions

Recapping Tyres

Recapping Tyres

Receipt and Thermal Paper

Receipt Books

Receipt Printers

Receiver Transmitter Units

Reception Desks

Reception Hall

Reception Room Tables

Receptionist Services

Recessed Bathtubs

Recessed Light Fixtures

Recessed Lighting

Recessed Lighting Housings

Recessed Lighting Trims

Rechargeable Batteries

Rechargeable Battery Packs

Rechargeable NICAD Batteries

Rechargeable Nickel Cadmium Batteries

Rechargeable Toothbrushes

Recipe Blog

Recipe Books

Recipe Holders

Reciprocating Saw Accessories

Reciprocating Saw Blades

Reciprocating Saws

Reciprocating Shakers

Reclaimed Furniture

Recliner Chairs

Recliners

Reclining Patio Chairs

Recoil Pads

Recombinant Proteins

Reconstituted Wooden Boards

Reconstituted Wooden Panels

Reconstituted Wooden Sheets

Record Books

Record Collecting Blog

Record Label

Record Players

Record Producer

Record Sound Recording Studio

Record Storage Boxes

Record Store

Recordable Blank Compact Discs

Recorders

Recorders and Data Acquisition

Recording and Stage Microphones

Recording Audio Plug-Ins Software

Recording Bags Cases and Covers

Recording Books On Disc

Recording Books On Tape

Recording Engineer

Recording Heads

Recording Microphones

Recording Mixer Accessories

Recording Mixer Stands

Recording Production Software

Recording Read Heads

Recording Sampling Software

Recording Signal A-B Boxes

Recording Signal Converters

Recording Signal Direct Boxes

Recording Signal Effects Processors

Recording Signal Processors

Recording Snakes

Recording Software

Recording Studio

Recording Studio Acoustics

Recording Studio Equipment

Recording Studio Furniture

Recording Studio Rack Accessories

Recording Studio Racks

Recording Synthesisers Software

Recording Synthesisers Software

Recording Write Heads

Recordkeeping Forms

Records and Documents Storage

Records Management

Records Storage

Recovering Of Aluminium

Recovering Of Aluminium

Recovering Of Copper

Recovering Of Nonferrous Metals

Recovery Flasks

Recovery Gift

Recovery Software

Recreation Centre

Recreation Centre

Recreational Aviation Club

Recreational Boxing Club

Recreational Camper Storage

Recreational Campground

Recreational Day Camp

Recreational Flying Club

Recreational Footballs

Recreational Gun Club

Recreational Horseback Riding

Recreational Mountain Hiking Club

Recreational Riding Club

Recreational Rifle Club

Recreational River Rafting

Recreational Rowing Club

Recreational Shooting Club

Recreational Sports Centre

Recreational Sports Centre

Recreational Stilts

Recreational Therapist

Recreational Trampolines

Recreational Vehicle Camps

Recreational Vehicle Park

Recreational Vehicle Parts and Accessories Store

Recreational Vehicle Rental Service

Recreational Vehicle Storage

Recreational Vehicles

Recreational White Water Rafting

Recreational Youth Centre

Recreational Youth Centre

Recruiter

Recruitment Agency

Recruitment Services

Recruitment Staffing Services

Rectal Thermometers

Rectifiers

Recurve Bows

Recyclable Glass

Recyclable Material Collection Service

Recyclable Metals

Recyclable Paper

Recycled and Used Golf Balls

Recycled Computers

Recycled Jewellery

Recycled Jewellery

Recycled Paper

Recycled Wooden Doors

Recycling

Recycling Bins

Recycling Centre

Recycling Centre

Recycling Collection Service

Recycling Consultant

Recycling Disposal

Recycling Dry Cleaning Fluids

Recycling Equipment

Recycling Inkjet Cartridges

Recycling Services

Recycling Services Equipment and Supplies

Red Barbera Wine

Red Berries

Red Burgundy

Red Cabbage

Red Cabernet Franc Wine

Red Cabernet Sauvignon

Red Carignane Wine

Red Claret

Red Cooking Wines

Red Dead Redemption Fansite

Red Delicious Apples

Red Dry Skin Treatment

Red Earthenware

Red Earthenware Flower Pots

Red Gamay Wine

Red Hot Chili Peppers Fansite

Red Lemberger Wine

Red Merlot

Red Mouvedre Wine

Red Oil

Red Pepper Farm

Red Peppers

Red Petite Sirah Wine

Red Pinot Noir

Red Sangiovese Wine

Red Syrah Wine

Red Table Wine

Red Velvet Cakes

Red Wine

Red Wine Vinegars

Red Wing Boots

Red Yeast Rice Supplements

Red Zinfandel

Redox Instruments

Reduced Shank Drill Bits

Reducer Tube Fittings

Reduction Gears and Units

Reed and Rattan Camp Furniture

Reed Bassinets

Reed Bottle Covers

Reed Camp Furniture

Reed Furniture

Reed Hampers

Reed Laundry Hampers

Reed Pads

Reed Ware

Reed Webbing

Reels

Reese Witherspoon Fansite

Referees and Umpires Service

Reference Apps

Reference Books

Reference Gauges

Reference Ring Binders

Reference Website

Referral Agency

Referral Marketing

Refill Sponges

Refillable Cosmetic Containers

Refined Corn Crude Oil

Refined Graphite

Refined Petroleum Oils

Refined Petroleum Paraffins

Refined Soybean Oil

Refined Sugar

Refined Sugar Cane

Refinery Machinery and Equipment

Refining Nonferrous Alloys

Refining Nonferrous Metals

Refining Of Aluminium

Refining Of Aluminium

Refining Of Copper

Reflective Gear

Reflective Safety Vests

Reflective Vests

Reflexologist

Reflexology Massage

Reforestation

Refractometers

Refractory Bricks

Refractory Clay Tiles

Refractory Magnesia Cement

Refractory Materials

Refreshment Stand

Refrigerant Leak Detector

Refrigerant Pressure Switches

Refrigerant Recovery Service

Refrigerant Recovery Tools

Refrigerant Retrofit Kits

Refrigerants

Refrigerated Counter Units

Refrigerated Counters and Display Cases

Refrigerated Display Cases

Refrigerated Doughs

Refrigerated Drinking Fountains

Refrigerated Farm Products Storage

Refrigerated Fixtures Store

Refrigerated Flour Doughs

Refrigerated Lockers

Refrigerated Metal Drinking Fountains

Refrigerated Salads

Refrigerated Showcases

Refrigerated Soda Fountains

Refrigerated Transport

Refrigerated Truck Service

Refrigerated Warehousing and Storage

Refrigeration and Air Conditioning Engineer

Refrigeration Compressors

Refrigeration Coolers

Refrigeration Engineer

Refrigeration Equipment

Refrigeration Equipment Rental

Refrigeration Services

Refrigeration Thermostats

Refrigerator Accessories and Parts

Refrigerator and Freezer Repair Service

Refrigerator Cartridge Water Filters

Refrigerator Freezer Combination

Refrigerator Ice Maker

Refrigerator Magnets

Refrigerator Maintenance Service

Refrigerator Parts and Accessories

Refrigerator Relays

Refrigerator Repair Service

Refrigerator Store

Refrigerator Thermometers

Refrigerator Water Filters

Refrigerators

Refrigerators and Freezers

Refurbished Plasma TVs

Refuse Collection Service

Refuse Disposal Combustors

Refuse Disposal Equipment

Refuse Disposal Incinerator

Refuse Disposal Landfill

Refuse Removal

Regalia

Regenerative Blowers

Reggae Music Blog

Reggaeton y Hip-Hop Music Blog

Regina Blog

Regional Airline

Regional Mexicano Music Blog

Register Chains

Registered Massage Therapist

Registered Nurses Agency

Registers Grilles and Vents

Registry Cleaner

Registry Cleaning Software

Registry Defender

Registry Doctor Software

Registry Repair

Registry Repair Software

Regstep Music Blog

Regulator Inlet Nuts

Regulators

Rehab Centre

Rehab Centre

Rehabilitation Centre

Rehabilitation Centre

Rehabilitation Service

Rehabilitation Vocational Training

Rehearsal Studio

Reiki and Shiatsu Practitioner

Reiki Practitioner

Reimiros

Reinforced Concrete

Reinforced Plastic Hoses

Reinforced Rubber Hoses

Reinforcing Bars

Reinforcing Iron Bars

Reinforcing Mesh

Reinforcing Rods

Reinforcing Steel

Reinforcing Steel Bars

Relationship Coach

Relationship Management

Relaxation Music Blog

Relaxing Blog

Relay Control Module Relays

Relays

Release Aids

Relief and Block Printing Materials

Relief Printing Brayers

Relief Printing Linoleum

Relief Printing Linoleum Cutters

Relief Valves

Religion and Spirituality Collectibles

Religious Blog

Religious Charms and Bracelets

Religious Drop and Dangle Earrings

Religious Necklaces and Pendants

Religious Software

Relishes

Reloading Equipment

Relocatable Buildings

Relocation Agency

Relocation Service

Relora Weight Loss Supplements

Remnant Pieces

Remodelling Contractor

Remote Access Software

Remote Central Locking

Remote Computer Access

Remote Control Desktop

Remote Control Extenders

Remote Control Helicopters

Remote Control Monster Trucks

Remote Control Sail Boats

Remote Control Software

Remote Control Speed Boats

Remote Control Units

Remote Controlled and Robotic Toys

Remote Controls

Remote Data Backup

Remote Desktop Control

Remote Desktop Programmes

Remote Desktop Programmes

Remote Desktop Software

Remote Home Monitoring Systems

Remote Pneumatic Positioning Switches

Remote Positioning Switches

Remote Security Systems

Remote Train and Railway Sets

Removable Labels

Removal Contractor

Removal Tools

Removals

Renaissance Music Blog

Rendering

Renewable Energy Controllers

Rennet

Reno Blog

Renovation Contractor

Rent to Own Furniture

Rent to Own Houses

Rental Agency

Rental Airline

Rental Apartment

Rental Cars

Rental Clothing

Rental Equipment

Rental Homes

Rental Management Service

Rental Properties

Rental Property Management

Rental Trucks

Rental Vehicles

Repair and Alteration Tailors

Repair and Restoration Adhesives

Repair and Restoration Chemicals

Repair Buffing and Polishing Pads

Repair Manuals

Repair Paint Curtain Wall Systems

Repair Paint Tools and Equipment

Repair Upholstery and Trim Tools

Repairs and Maintenance Contractor

Repeaters

Replacement ABS Brake Parts

Replacement Acceleration Sensors

Replacement Accelerator Cables

Replacement Accelerator Relays

Replacement Accessory Power Relays

Replacement Adjustable Shock Relays

Replacement Air Bag Modules

Replacement Air Bag Sensors

Replacement Air Conditioning Coils

Replacement Air Conditioning Drives

Replacement Air Conditioning Hoses

Replacement Air Conditioning Hubs

Replacement Air Conditioning Relays

Replacement Air Conditioning Rotors

Replacement Air Conditioning Tanks

Replacement Air Conditioning Tubes

Replacement Air Conditioning Valves

Replacement AIR Control Relays

Replacement Air Filters

Replacement Air Intake Filters

Replacement Air Mass Sensors

Replacement Air Pressure Switches

Replacement Air Suspension Kits

Replacement Alternator Bearings

Replacement Alternator Brackets

Replacement Alternator Brush Sets

Replacement Alternator Condensers

Replacement Alternator Diode Trios

Replacement Alternator Diodes

Replacement Alternator Pulleys

Replacement Alternator Rectifiers

Replacement Alternator Resistors

Replacement Alternators

Replacement Amp Meter Gauges

Replacement Antenna Relays

Replacement Anti-Diesel Relays

Replacement Antilock Brake Relays

Replacement Anti-Lock Brake Sensors

Replacement Anti-Sway Bars

Replacement Antitheft Relays

Replacement ATC Power Module Relays

Replacement Auto Glass

Replacement Automatic Dimmer Relays

Replacement Automotive HVAC Motors

Replacement Auxiliary Shaft Seals

Replacement Axle Flange Gaskets

Replacement Axle Shaft Bearings

Replacement Axle Shaft Seals

Replacement Axle Shafts

Replacement Axle Shift Switches

Replacement Axle U-Bolt Kits

Replacement Axles

Replacement Backup Light Switches

Replacement Balance Shaft Seals

Replacement Batteries

Replacement Battery Accessories

Replacement Battery Cables

Replacement Battery Jumper Cables

Replacement Battery Relocation Kits

Replacement Battery Switches

Replacement Battery Trays

Replacement Bearings

Replacement Bearings and Seals

Replacement Bell Housings

Replacement Belt Tensioners

Replacement Belts

Replacement Bike Cleats

Replacement Blower Motor Relays

Replacement Blower Motor Wheels

Replacement Blower Motors

Replacement Blower Relays

Replacement Blower Switches

Replacement Body Bushings

Replacement Body Control Computers

Replacement Boost Gauges

Replacement Brake Adjuster Cables

Replacement Brake Booster Units

Replacement Brake Bottom Cups

Replacement Brake Bushings

Replacement Brake Cables

Replacement Brake Calliper Brackets

Replacement Brake Calliper Pairs

Replacement Brake Calliper Pistons

Replacement Brake Callipers

Replacement Brake Combi Axle Kits

Replacement Brake Drum Bars

Replacement Brake Drums

Replacement Brake Fittings

Replacement Brake Fluid Reservoirs

Replacement Brake Guide Cables

Replacement Brake Hold Down Springs

Replacement Brake Hoses

Replacement Brake Hydraulic Parts

Replacement Brake Kits

Replacement Brake Levers

Replacement Brake Lines

Replacement Brake Override Springs

Replacement Brake Pad Shims

Replacement Brake Pads

Replacement Brake Parking Cables

Replacement Brake Pedal Pads

Replacement Brake Pin Links

Replacement Brake Pressure Relays

Replacement Brake Retainer Keys

Replacement Brake Return Springs

Replacement Brake Rotors

Replacement Brake Shoe Clips

Replacement Brake Shoes

Replacement Brake Support Keys

Replacement Brake Support Springs

Replacement Brake System Parts

Replacement Brake Top Cups

Replacement Brake Trailer Brakes

Replacement Brake Valves

Replacement Brake Wear Sensors

Replacement Breather Filters

Replacement Bulbs

Replacement Bypass Hoses

Replacement Cables

Replacement Cam Change Gasket Sets

Replacement Camber Caster Parts

Replacement Camshaft Gaskets

Replacement Camshaft Seals

Replacement Canister Vacuum Bags

Replacement Canister Vacuum Filters

Replacement Caps

Replacement Carbon Canister Filters

Replacement Carburettor Caps

Replacement Carburettor Diaphragms

Replacement Carburettor Floats

Replacement Carburettor Gaskets

Replacement Carburettor Jets

Replacement Carburettor Linkages

Replacement Carburettor Rebuild Kits

Replacement Carburettor Relays

Replacement Carburettor Solenoids

Replacement Carburettors

Replacement Carburettors and Parts

Replacement Cast Engine Pistons

Replacement Catalytic Converters

Replacement Centre Support Cushions

Replacement Centre Support Cushions

Replacement Chassis Bars and Arms

Replacement Chassis Body Lift Kits

Replacement Chassis I-Beam Parts

Replacement Chassis Kits

Replacement Chassis Products

Replacement Chassis Spring Bushings

Replacement Chassis Steering Arms

Replacement Chassis Track Bars

Replacement Chassis Trailing Arms

Replacement Check Relays

Replacement Choke Cables

Replacement Choke Relays

Replacement Choke Tube Gaskets

Replacement Circuit Opening Relays

Replacement Clock Gauges

Replacement Clocks

Replacement Clutch Alignment Tools

Replacement Clutch Assembly Bolts

Replacement Clutch Ball Studs

Replacement Clutch Boots

Replacement Clutch Bushings

Replacement Clutch Cables

Replacement Clutch Disc Plates

Replacement Clutch Forks

Replacement Clutch Hoses

Replacement Clutch Linkages

Replacement Clutch Master Cylinders

Replacement Clutch Pedal Pads

Replacement Clutch Pilot Bushings

Replacement Clutch Pressure Plates

Replacement Clutch Release Bearings

Replacement Clutch Slave Cylinders

Replacement Clutch Switches

Replacement Clutches and Parts

Replacement Complete Clutch Sets

Replacement Component Centre Relays

Replacement Component Centre Relays

Replacement Condenser Fan Relays

Replacement Connector Hoses

Replacement Control Arm Bumpers

Replacement Control Arm Shaft Kits

Replacement Control Arms

Replacement Control Arms and Parts

Replacement Convertible Top Relays

Replacement Coolant Filters

Replacement Coolant Level Sensors

Replacement Cooler Relays

Replacement Cooling Fan Sensors

Replacement Cornering Lamp Relays

Replacement Counter Shaft Bearings

Replacement Courtesy Lamp Sensors

Replacement Crankshaft Seals

Replacement Crankshafts

Replacement Cruise Control Relays

Replacement Cushions

Replacement Dash Gauge Accents

Replacement Defogger Relays

Replacement Detent Cables

Replacement Detonation Sensors

Replacement Diesel Relays

Replacement Differential Bearings

Replacement Differential Covers

Replacement Differential Kits

Replacement Differential Seals

Replacement Distributor Cap Covers

Replacement Distributor Caps

Replacement Distributor Covers

Replacement Distributor Gears

Replacement Distributor Leads

Replacement Distributor Plates

Replacement Distributor Rotors

Replacement Distributors

Replacement Door Jamb Switches

Replacement Door Relays

Replacement Doors

Replacement Doors and Windows

Replacement Drag Links

Replacement Drain Plug Gaskets

Replacement Drive Axle Seals

Replacement Drive Shaft Assemblies

Replacement Drive Shaft Seals

Replacement Drive Train Parts

Replacement Drum Brake Shoe

Replacement Dual Shock Kits

Replacement ECM Wiring Relays

Replacement EGI Relays

Replacement EGR Control Relays

Replacement EGR Time Delay Switches

Replacement Electric Choke Sensors

Replacement Electric Fuel Pumps

Replacement Electrical Accessories

Replacement Electrical Equipment

Replacement Emission AIR Pipes

Replacement Emission Control Relays

Replacement Emission Control Units

Replacement Emission Dash Pots

Replacement Emission EGR Valves

Replacement Emission Smog Pumps

Replacement Emission Sole Pots

Replacement Emission Solenoids

Replacement Emission Vacuum Valves

Replacement Engine Blocks

Replacement Engine Cam Bearings

Replacement Engine Camshaft Buttons

Replacement Engine Camshaft Plugs

Replacement Engine Camshafts

Replacement Engine Computers

Replacement Engine Coolers

Replacement Engine Crankshafts

Replacement Engine Cylinder Heads

Replacement Engine Exhaust Valves

Replacement Engine Expansion Plugs

Replacement Engine Fan Clutches

Replacement Engine Fan Flexes

Replacement Engine Fan Kits

Replacement Engine Fan Spacers

Replacement Engine Fans

Replacement Engine Fans and Parts

Replacement Engine Head Bolt Sets

Replacement Engine Heaters

Replacement Engine Intake Manifolds

Replacement Engine Intake Valves

Replacement Engine Kit Gasket Sets

Replacement Engine Kit Products

Replacement Engine Kits

Replacement Engine Lifters

Replacement Engine Main Bearings

Replacement Engine Mounts

Replacement Engine Oil Drain Plugs

Replacement Engine Oil Pumps

Replacement Engine Oil Restrictors

Replacement Engine Parts

Replacement Engine Piston Liners

Replacement Engine Piston Pins

Replacement Engine Piston Rings

Replacement Engine Pistons

Replacement Engine Push Rod Tubes

Replacement Engine Push Rods

Replacement Engine Radiators

Replacement Engine Relays

Replacement Engine Rev Limiters

Replacement Engine Rocker Arms

Replacement Engine Roller Rockers

Replacement Engine Superchargers

Replacement Engine Thermostat Seals

Replacement Engine Thermostats

Replacement Engine Thrust Washers

Replacement Engine Timing Parts

Replacement Engine Torque Struts

Replacement Engine Turbochargers

Replacement Engine Valve Adjusters

Replacement Engine Valve Covers

Replacement Engine Valve Guides

Replacement Engine Valve Locks

Replacement Engine Valve Seals

Replacement Engine Valve Seats

Replacement Engine Valve Shims

Replacement Engine Valve Springs

Replacement Engine Valves

Replacement Engine Valves and Parts

Replacement Engine Water Pumps

Replacement Engine Woodruff Keys

Replacement Evaporator Relays

Replacement Exhaust Check Valves

Replacement Exhaust Clamps

Replacement Exhaust Coatings

Replacement Exhaust Extension Pipes

Replacement Exhaust Flanges

Replacement Exhaust Gas Sensors

Replacement Exhaust Hanger Parts

Replacement Exhaust Hangers

Replacement Exhaust Header Bolts

Replacement Exhaust Header Gaskets

Replacement Exhaust Headers

Replacement Exhaust Heat Risers

Replacement Exhaust Heat Shields

Replacement Exhaust Manifolds

Replacement Exhaust Mufflers

Replacement Exhaust Pipes

Replacement Exhaust Resonators

Replacement Exhaust Studs and Nuts

Replacement Exhaust System Gaskets

Replacement Extension Housings

Replacement Fast Idle Relays

Replacement Fasteners

Replacement Faucet Water Filters

Replacement Filters

Replacement Flashers

Replacement Flex Hoses

Replacement Flex Plates

Replacement Flywheels

Replacement Foam

Replacement Fog Light Relays

Replacement Forged Engine Pistons

Replacement Fresh Air Duct Hoses

Replacement Fuel Cut-Off Relays

Replacement Fuel Filler Hoses

Replacement Fuel Filter Gaskets

Replacement Fuel Filters

Replacement Fuel Gauges

Replacement Fuel Glow Plug Kits

Replacement Fuel Hoses

Replacement Fuel Injection ECUs

Replacement Fuel Injection Gaskets

Replacement Fuel Injection Nozzles

Replacement Fuel Injection Products

Replacement Fuel Injection Pumps

Replacement Fuel Injection Relays

Replacement Fuel Injection Sensors

Replacement Fuel Injection Valves

Replacement Fuel Injector Boots

Replacement Fuel Injector Filters

Replacement Fuel Injector Kits

Replacement Fuel Injector Seal Kits

Replacement Fuel Injectors

Replacement Fuel Lines

Replacement Fuel Pressure Gauges

Replacement Fuel Pump Bowl Gaskets

Replacement Fuel Pump Filters

Replacement Fuel Pump Gaskets

Replacement Fuel Pump Relays

Replacement Fuel Pump Spacers

Replacement Fuel Pump Strainers

Replacement Fuel Sending Switches

Replacement Fuel System Equipment

Replacement Fuel System Fittings

Replacement Fuel Tank Caps

Replacement Fuel Tank Filler Necks

Replacement Fuel Tank Locking

Replacement Fuel Tank Valve Sensors

Replacement Fuel Tanks

Replacement Fuel Throttle Bodies

Replacement Full Gasket Sets

Replacement Fuse Boxes

Replacement Fuse Holders

Replacement Fuses

Replacement Fusible Links

Replacement Gaskets

Replacement Gauge Colour Adjuster

Replacement Gauge Colour Adjuster

Replacement Gauge Sets

Replacement Gear Kit Motors

Replacement Generator Bearings

Replacement Generators

Replacement Glove Box Switches

Replacement Glow Plug Relays

Replacement Glow Plug Switches

Replacement Hall Effect Switches

Replacement Handheld Vacuum Bags

Replacement Handheld Vacuum Filters

Replacement Head Engine Kits

Replacement Head Gasket Sets

Replacement Head Gaskets

Replacement Header Gaskets

Replacement Headlamp Relays

Replacement Heat Sinks

Replacement Heater Control Switches

Replacement Heater Control Valves

Replacement Heater Cores

Replacement Heater Hose Connectors

Replacement Heater Hoses

Replacement Heater Parts

Replacement Heater Relays

Replacement Heater Universals

Replacement Heaters

Replacement Heating Equipment

Replacement High Blower Relays

Replacement Hood Release Cables

Replacement Horn Relays

Replacement Hoses

Replacement Hour Meter Gauges

Replacement Housing Pods

Replacement Hub Assemblies Bearings

Replacement Hydraulic Filters

Replacement Idle Cut-Off Switches

Replacement Idler Arm Bushings

Replacement Idler Arm Repair Kits

Replacement Idler Arms

Replacement Idler Arms and Parts

Replacement Idler Bearing Pulleys

Replacement Idler Pulleys

Replacement Idle-Up Solenoid Relays

Replacement Igniters

Replacement Ignition Armatures

Replacement Ignition Capacitors

Replacement Ignition Coil Packs

Replacement Ignition Coil Resistors

Replacement Ignition Coils

Replacement Ignition Condensers

Replacement Ignition Control Units

Replacement Ignition Glow Plugs

Replacement Ignition Lock Cylinders

Replacement Ignition Parts

Replacement Ignition Points Sets

Replacement Ignition Relays

Replacement Ignition Reluctors

Replacement Ignition Retard Devices

Replacement Ignition Stators

Replacement Ignition Tune-Up Kits

Replacement Illumination Relays

Replacement Inhibitor Relays

Replacement Instrument Panel Gauges

Replacement Intake Manifold Gaskets

Replacement Interior Light Switches

Replacement Keyless Entry Relays

Replacement Kick-Down Solenoids

Replacement King Pin Sets

Replacement Lambda Relays

Replacement Leaf Spring Bushings

Replacement Leaf Spring Helpers

Replacement Leaf Springs and Parts

Replacement Lift Gate Relays

Replacement Light Kit Gauges

Replacement Lighting Lenses

Replacement Lighting Products

Replacement Lighting Relays

Replacement Long Engine Blocks

Replacement Low Fuel Relays

Replacement Low Range Relays

Replacement LPG Relays

Replacement Main Seals

Replacement Main Shaft Bearings

Replacement Manifold Heater Relays

Replacement Manual Transaxle Seals

Replacement MAP Sensors

Replacement Mass Air Flow Sensors

Replacement Master Cylinder Caps

Replacement Master Cylinder Hoses

Replacement Master Cylinders

Replacement Master Relays

Replacement Mechanical Fuel Pumps

Replacement Meter Relays

Replacement Microprocessor Relays

Replacement Mop Heads

Replacement Motors

Replacement Multi Gauges

Replacement Navigation Systems

Replacement Negative Battery Cables

Replacement Neutral Safety Relays

Replacement Neutral Safety Switches

Replacement Oil Filler Caps

Replacement Oil Filter Gaskets

Replacement Oil Filters

Replacement Oil Gaskets

Replacement Oil Level Relays

Replacement Oil Level Sensors

Replacement Oil Pan Gasket Sets

Replacement Oil Pressure Gauges

Replacement Oil Pressure Switches

Replacement Oil Pump Gaskets

Replacement Oil Temperature Gauges

Replacement Overdrive Bearings

Replacement Overdrive Relays

Replacement Overdrive Seals

Replacement Oxygen Sensor Relays

Replacement Oxygen Sensors

Replacement Parking Brake Cables

Replacement Parking Brake Levers

Replacement Parking Brake Pin Locks

Replacement Parking Brake Shoes

Replacement Parking Brake Switches

Replacement Parking Brake Systems

Replacement Parking Brakes

Replacement PCV Valves

Replacement Pigtails and Sockets

Replacement Pinion Bearings

Replacement Pinion Seals

Replacement Pitcher Water Filters

Replacement Pitman Shaft Bearings

Replacement Pitman Shaft Seals

Replacement Portable Power Supplies

Replacement Ported Vacuum Switches

Replacement Positive Battery Cables

Replacement Power Brake Systems

Replacement Power Door Lock Motors

Replacement Power Mirror Relays

Replacement Power Pulleys

Replacement Power Seat Relays

Replacement Power Steering Pumps

Replacement Power Top Motors

Replacement Power Window Kit Motors

Replacement Power Window Motors

Replacement Power Window Regulators

Replacement Power Window Relays

Replacement Pre-Heater Hoses

Replacement Programme Checking Relays

Replacement Programme Checking Relays

Replacement Pulleys

Replacement Purge Relays

Replacement Push Rod Gasket Sets

Replacement Radiator Caps

Replacement Radiator Fan Relays

Replacement Radiator Hoses

Replacement Radiator Safety

Replacement Radiator Standard

Replacement Ram Air Kit

Replacement Rear Main Gasket Sets

Replacement Refrigerator Relays

Replacement Re-Ring Engine Kits

Replacement Reversing Relays

Replacement Ring and Pinion Gears

Replacement Seals

Replacement Seat Actuator Motors

Replacement Seat Belt Relays

Replacement Seat Belt Switches

Replacement Seat Switches

Replacement Selector Switch Relays

Replacement Sensors

Replacement Serpentine Belts

Replacement Shift Indicator Relays

Replacement Shift Light Gauges

Replacement Shifter Knobs

Replacement Shifters

Replacement Shifters and Parts

Replacement Shock Boots

Replacement Shock Bumpers

Replacement Shock Bushings

Replacement Shock Cartridges

Replacement Shock Lift Supports

Replacement Shock Mounting Kits

Replacement Shock Stabilisers

Replacement Shock Stabilisers

Replacement Shocks

Replacement Shocks and Struts

Replacement Short Engine Blocks

Replacement Ski Goggle Lenses

Replacement Skid Control Relays

Replacement Spark Control Sensors

Replacement Spark Plug Wire Sets

Replacement Spark Plug Wires

Replacement Spark Plugs

Replacement Spark Plugs and Wires

Replacement Speaker Relays

Replacement Special Drive Belts

Replacement Speciality Gauges

Replacement Speed Control Relays

Replacement Speedometer Cables

Replacement Speedometers

Replacement Spindle Hub Seals

Replacement Spindle Lock Nut Kits

Replacement Spindles

Replacement Spindles Bearings

Replacement Splined Shafts

Replacement Starter Brushes

Replacement Starter Drives

Replacement Starter Relays

Replacement Starter Repair Kits

Replacement Starter Solenoids

Replacement Starter Starters

Replacement Starters and Parts

Replacement Steering Centre Links

Replacement Steering Centre Links

Replacement Steering Gear Bearings

Replacement Steering Housing Seals

Replacement Steering Seals

Replacement Stoplight Monitor Units

Replacement Stoplight Switches

Replacement Strut Bushings

Replacement Strut Rod Kits

Replacement Strut Rods

Replacement Strut Tower Braces

Replacement Struts

Replacement Sun Roof Motors

Replacement Sunroof Relays

Replacement Suspension Ball Joints

Replacement Suspension Coil Springs

Replacement Suspension Pitman Arms

Replacement Sway Bar Assemblies

Replacement Sway Bar Bushings

Replacement Sway Bar Kits

Replacement Sway Bar Link Kits

Replacement Sway Bars

Replacement Sway Bars and Parts

Replacement Switches and Relays

Replacement System Turn-On Relays

Replacement Tachometer Cables

Replacement Tachometers

Replacement Tailgate Cables

Replacement Tailgate Relays

Replacement Tailgate Window Motors

Replacement Temperature Sensors

Replacement Temperature Switches

Replacement Thermostat Housing Caps

Replacement Throttle Relays

Replacement Tie Rod End Assemblies

Replacement Tie Rod Ends

Replacement Tie Rod Ends and Parts

Replacement Time Delay Relays

Replacement Timing Belt Kits

Replacement Timing Belts

Replacement Timing Cover Seals

Replacement Timing Vacuum Sensors

Replacement Toggle Switches

Replacement Torque Converters

Replacement Torsion Bar Mount Kits

Replacement Torsion Bars

Replacement Trailer Tow Relays

Replacement Transaxle Gaskets

Replacement Transfer Case Bearings

Replacement Transfer Case Gaskets

Replacement Transfer Case Seals

Replacement Transfer Cases

Replacement Transmission Bands

Replacement Transmission Bushings

Replacement Transmission Filters

Replacement Transmission Gaskets

Replacement Transmission Hard Parts

Replacement Transmission Modulators

Replacement Transmission Mounts

Replacement Transmission Relays

Replacement Transmission Shift Kits

Replacement Transmission Snap Rings

Replacement Transmission Solenoids

Replacement Transmission Tools

Replacement Transmission Washers

Replacement Transmissions and Parts

Replacement Triple Shock Kits

Replacement Trunk Release Relays

Replacement Trunk Switches

Replacement Turbo Pressure Sensors

Replacement Turbocharger Gaskets

Replacement Universal Joints

Replacement Universal Trunnions

Replacement Universal Yokes

Replacement Upright Vacuum Bags

Replacement Upright Vacuum Filters

Replacement V Belts

Replacement Vacuum Bags

Replacement Vacuum Filters

Replacement Vacuum Gauges

Replacement Vacuum Hoses

Replacement Vacuum Pump Relays

Replacement Valley Pan Gaskets

Replacement Valve Cover Gasket Sets

Replacement Valve Stem Gasket Sets

Replacement Vent Control Relays

Replacement Ventilation Breathers

Replacement Ventilation Filters

Replacement Ventilation Grommets

Replacement Voltmeter Gauges

Replacement Washer Pump Relays

Replacement Water Filters

Replacement Water Gaskets

Replacement Water Pump Gaskets

Replacement Wheel Bearings

Replacement Wheel Cylinder Brakes

Replacement Wheel Seals

Replacement Windows

Replacement Windshield Washer Hoses

Replacement Windshield Washer Pumps

Replacement Windshield Wiper Arms

Replacement Windshield Wiper Blades

Replacement Windshield Wiper Kits

Replacement Windshield Wipers

Replacement Wiper Motor Relays

Replacement Wiper Motors

Replacement Worm Shaft Bearings

Reports and Forms Software

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Reproduction Antiques Blog

Reproduction Furniture

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Reptile Blog

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Once you have our Business Plan

You can get your Business financed properly.




U.K. Businesses




Get the right look for your Business




And start telling everyone about your Business





The Legal and Tax Aspects

There are many legal forms for your new business to take. You can be an unincorporated business and report your income for tax purposes.You can form your business as a Limited Liability Company, which has many of the best tax characteristics of a Corporation and a partnership. Which should you choose? In general terms, you want the income of the business to pass through to you and be taxed on your personal return. This is generally true for most small businesses. If you are unincorporated, this happens automatically, but being unincorporated is generally not the best idea from a legal standpoint.

When you’re in business, you open yourself up to claims and risks that you don’t have as an employee. Your customers or vendors might sue you. Your bank might sue you. Competitors may issue claims against you for copyright infringement or any number of other things. You want to insulate yourself against these extra risks so that third parties can come after your business but not your house or other personal assets. Being unincorporated doesn’t help you. Organizing your business as a partnership doesn’t help you because you remain personally liable. So you want to be a Limited Liability Company. Since we have established we want to pay taxes at the individual level, you can still be self-employed working for a business you actually own.

Why then, are we saying it’s better to report the income of the business on your personal return rather than on a business return? Because if the income is reported at the corporate level, you will end up being taxed twice on the profits: once at the corporate level and again as a dividend when you take your profits out of the corporation. The company does not get a deduction for dividends paid to its shareholders. To avoid the double taxation, you would have to be careful to pay yourself a salary each year equal to the full profits of the corporation. This can get tricky since you won’t always know the taxable income of the corporation before year-end.

Now that you’re legal and ready to roll, you need a plan. I don’t mean a plan you carry in your head, ideas you’ve had over the years in bits and pieces. I mean a solid, written plan that lays out all the details about your business. Describe your business, your products, your competition, your advantages, your target market, demographic information, your marketing plan, your management team, strategic alliances you have with other companies and your financial forecasts. Do not cut this process short! By doing the research necessary to complete these steps you may find out that your business cannot make it as you had originally planned. You might discover changes you have to make. You will improve your chances of success.

You might ask if you can use one of the many software packages on the market for producing your business plan. It depends on what you’re using the plan for. If your plan is only for you to use internally, they are fine. If you want to go after venture capital or bank financing, forget them! Your business plan will look just like a thousand others they’ve seen and will be lost in the clutter. To obtain financing you want to create a distinctive business and marketing plan that stands out from the rest and doesn’t look like it was created via the cookie-cutter approach. Resolve to do it yourself from scratch or hire professionals to do it for you with your input. If you hire professionals, be prepared to participate heavily in the process since it is your business and you presumably know more about the business than your consultants will. Another benefit to using consultants is that they represent a sounding board for your ideas. If you can’t afford them, do the plan yourself and use your friends and trusted business associates as your sounding board.

Your business is now organized and properly authorized to do business in your locality. You now need to consider how to monitor and account for your daily business transactions. Too many businesses make the mistake of running their enterprise by guesswork. Accounting tasks are rarely anyone’s idea of fun, nor are they considered important relative to the other daily tasks of running a business. But you need to fight this idea if that’s the way you think. Just as you wouldn’t spend thousands of pounds a year without some method of tracking the results of your efforts, you can’t run your business without some method of tracking your daily results. Your bank account will not provide you with the information you need. I won’t get into a long discourse about the differences in accrual and cash accounting, but there are a few things you need to understand.

Let’s say you make sales of £2,500 on account on the last day of your first month in business and these were your very first sales. You won’t receive the cash for several days. Did you have any sales for your first month? On the cash basis of accounting, you didn’t. On the accrual basis of accounting, you did. Which is correct?

On the other side of the coin, you purchased £2,000 of office supplies on the last day of the month but didn’t use any of them during the day. This was the only expense you had during the month. Did you have any expenses for your first month in business? On the cash basis of accounting, you did. On the accrual basis of accounting, you didn’t. Which is correct?

On the cash basis of accounting you report income when received in cash and expenses when paid in cash. There are some exceptions, however, such as inventory purchases, which must still be accounted for as inventory rather than an expense. On the accrual basis of accounting you report income when earned and expenses when incurred.

So back to our question; which is correct? If you ever need audited financial statements, your financial statements will have to be prepared on the accrual basis of accounting because it more clearly reflects income. If you need to present your financial statements to third parties, you should have them prepared on the accrual basis. If you want to manage your business using financial data that is meaningful, you need to have accrual basis financial statements.

You’re probably protesting that you’d need to be an accountant to do this! Well, you should have an accountant for a variety of reasons, but you don’t have to have one to keep your books on the accrual basis. It’s simple. Get a software package to do the work for you. An accounting software package does not simply give you an input screen into which to put accounting transactions. It will give you software that will allow you to input your business transactions and will automatically create your books and records for you. For example, you use a sales order entry screen to enter your sales information; the accounting system will make the proper entries for you. By entering the sales order information, you’re also getting the ability to print professional looking sales orders, track sales orders, convert the sales orders into invoices, record the invoices as receivables, and apply cash receipts to those receivables. These are all tools you need anyway to manage your business properly. The accounting for the transactions happens behind the scenes automatically. The same thing happens with your payables, your payroll, your job costing, or whatever other functions you require. Granted, you may need some help in setting up your system to make all this occur seamlessly, but once that’s done, you won’t have to worry about it anymore. Anytime a third party needs your financial statements, you simply print them out. You’ll have tools to help you know where you stand financially, what your receivables are, what your payables are, what the status of your orders are, what you have in inventory and so forth.

You might be a great potential entrepreneur but you still need to spell out exactly what it is you plan to do, who needs it, and how it will make money. A good starting point is to look around and see if anyone is dissatisfied with their present suppliers. Unhappy customers are fertile ground for new businesses to work in.

One dissatisfied customer is not enough to start a business for. Check out and make sure that unhappiness is reasonably widespread, as that will give you a feel for how many customers might be prepared to defect. Once you have an idea of the size of the potential market you can quickly see if your business idea is a money making proposition.

The easiest way to fill an endurable need is to tap into one or more of these triggers:

  • Cost reduction and economy. Anything that saves customers money is always an attractive proposition. Lastminute.com’s appeal is that it acts as a ‘warehouse’ for unsold hotel rooms and airline tickets that you can have at a heavy discount.

  • Anything that offers the prospect of making exceptional returns is always a winner. Competitors’ Companion, a magazine aimed at helping anyone become a regular competition winner, was an immediate success. The proposition was simple. Subscribe and you get your money back if you don’t win a competition prize worth at least your subscription. The magazine provided details of every competition being run that week, details of how to enter, the factual answers to all the questions and pointers on how to answer any tiebreakers. They also provided the inspiration to ensure success with this sentence: You have to enter competitions in order to have a chance of winning them.

  • Niche markets. Big markets are usually the habitat of big business – encroach on their territory at your peril. New businesses thrive in markets that are too small to even be an appetite wetter to established firms. These market niches are often easy prey to new entrants as they have usually been neglected, ignored or ill-served in the past.

  • Differentiation. Consumers can be a pretty fickle bunch. Just dangle something, faster, brighter or just plain newer and you can usually grab
    their attention. Your difference doesn’t have to be profound or even high-tech to capture a slice of the market. Book buyers rushed in droves
    to Waterstones’ for no more profound a reason than that their doors remained open in the evenings and on Sundays, when most other established bookshops were firmly closed.

Now you have the day to day details of running your business so how do you keep going?

There are several things to look at here:

  • What are you good at and what do you enjoy doing? Make two lists - one of the jobs you like and one of the jobs you don't do very well. Take the second list and have a look at what you might outsource or automate. Do you love doing those accounts or would your time be better spent in forward planning while your accountant does the sums? Must you personally reply to every enquiry or could you create a FAQ which you can post on your website and refer people to by autoresponder? In the early stages of your business you might find you don't have the money to pay someone to do the jobs you hate. Could you swap skills to get the help you need?

  • Why are you doing this? You need to be motivated to start a business and keep it going. The best way to do this is to know what the effort is for. What really moves you to get up in the morning and do what you need to do even when you don't really feel like it? Write your reasons down. Find pictures of that house, or that holiday and put them where you can see them.

  • How do you deal with those bumps in the road? Not everything you do will be perfect - sometimes things you've tried will be a disaster - it's the way you react to problems that matters. If you curl up in a ball and give up at the first sign of failure you'd better not be in business. It's all about attitude.

  • Have a plan and stick to it as far as possible but be prepared to be flexible and open minded. Sometimes the most unexpected opportunities come and you need to be ready to seize them. - as Joe Vitale says 'Money likes speed'.

  • Get a mentor - learn from someone who has done it. Someone to bounce ideas off and who can encourage you when things get tough is invaluable.

And most importantly, never let anyone put you down and never be afraid of failure:

"It is not the critic who counts, not the man who points out how the strong man stumbled, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena; whose face is marred by dust and sweat and blood; who strives valiantly; who errs and comes short again and again; who knows the great enthusiasms, the great devotions, and spends himself in a worthy cause; who at the best, knows in the end the triumph of high achievement; and who, at worst, if he fails at least fails while daring greatly, so that his place shall never be with those cold and timid souls who know neither victory nor defeat" - Theodore Roosevelt.




A Great British Business did not just happen - It was planned that way.