Many people see a small business as the way to secure their financial independence and lifestyle. Running your own business can be very satisfying. However, it can be fraught with pitfalls for the unwary. Only a quarter of small business people seek professional advice before starting their own business. This may explain why three-quarters of small businesses fail within the first five years.
The information here highlights some of the issues you need to consider before you invest your time and money in a small business venture. Discuss these issues with your lawyer and accountant. Their advice can be invaluable for the future success of your new business.
Operating a small business
There are many laws that affect the running of a small business. By establishing an ongoing relationship with a professional adviser, you increase your chances of survival and success in your business.
Need more information?