Our aim is to provide a service that is fast & affordable by utilizing available technology to put us at competitive to other tax service providers.
Our prices starts at only £59.99, this includesIn any start-up business, there are always going to be pitfalls that you need to anticipate and be able to deal with if a particular situation arises. The Small Business Administration or SBA has listed a number of reasons that businesses fail before they ever get off the ground. Some of these are accounting, management, or tax filing oriented. However, the following 7 pitfalls are the most common ones that bring about an early demise of that new business.
Pitfall #1 – You started that business for all the wrong reasons. If you were thinking that the key benefits to starting your own business were that you would be able to spend more time with the family and make money, you may be in for a rude awakening.
Pitfall #2 – A failure to plan means that you are planning to fail. We can’t emphasize this point enough. Once you have decided that you want to start a business for reasons other than those mentioned above, design and develop a business plan.
Pitfall #3 – You didn’t have the necessary capital to start the business to begin with. You cannot start a business on a shoestring budget, not even online like some people would have you believe. Refer to our “Raising Finance” page to see what may be required in the way of financing a start-up business.
Pitfall #4 – You lack the management skills necessary to running your business in a profitable fashion. Numerous reports refer to this pitfall as “the Biggie” where failure of most new businesses is concerned. You need to have knowledge of, or the services of knowledgeable people, who can handle the following aspects of your business:
- Advertising and marketing
- Finance
- Hiring and managing employees
- Purchasing
- Production
- Selling
Pitfall #5 – Location is everything. The overused Real Estate cliché “location, location, location” is brutally truthful. The success of your business can easily depend on where it is located in your community unless your business can comfortably offer its products or services through a web based structure.
Hicks Stephens will sort out your Tax Returns at an affordable price. There are nearly 5 million registered business in the UK, of these, just over 99 percent are considered to be “small” with turnover of £5.6 million or less and employees of fewer than 50, so you are not alone in your ventures and there will be other who are having the same problems as yourself.