Starting A New Business?
Starting a new business can be a daunting experience and costly if you get it wrong. It’s worthwhile seeking advice from experienced professionals right at the start. It’s not expensive to discuss your plans before you make commitments and often such meetings can highlight areas that you may not have thought about.
Everyone in business needs clear advice and support that gives them the confidence in the future and allows them to concentrate on their business objectives.
Kitemark Solutions have a wealth of experience in the following areas:
Some of the best business start up advice includes an understanding of the business’s intended market, making sure there is enough start up capital, and avoiding debt. In many instances, business start up advice may seem contradictory, because various business models carry very different levels of risk and reward. For instance, it could take years to develop the expertise to open a new independent restaurant, while opening a franchise eatery is often much more simple and straightforward. Advice on the viability of your new venture and help to structure the business in the most effective income generating way.
There is a difference between incorporating a business and registration of business in Nigeria. The former creates a separate legal entity. Forming a corporation entitles the business owner to protections against the public from suing the business owner for personal assets. Limited Liability companies is a common form of business corporations. Business registration is oftentimes a one-man business (sole proprietorship) and it’s not a form of incorporation, and it doesn’t often provide any protection of personal assets. The purpose of registering a business is to obtain a business license, which is required by law, in order to conduct business.
Business planning is a process that involves the creation of a mission or goal for a company, as well as defining the strategies that will be used to meet those goals or mission. The process can be very broad, encompassing each aspect of the operation, or be focused on particular functions within the overall corporate structure. Often, it involves the use of resources within the company as well as engaging the services of consultants to assist in designing and implementing the plan.
Bookkeeping, also referred to as keeping the books, is the process of keeping full, accurate, up-to-date business records. Proper methods can help businesses effectively manage cashflow, stay abreast of profits and losses, and develop plans for the future based on financial trends.Furthermore, keeping accurate books is required by both federal and local tax agencies.
These are a few of the start up advises we can render to you at a friendly fee that encourages you to positive action towards your goal.
Contact us now for a no-obligation consultation by sending a mail to Chidera@KitemarkSolutions.com or call 08023189838