RUNNING THE ENTERPRISE 8
STARTING THE ENTERPRISE
. Countdown To Launching A Business
COUNTDOWN TO STARTING THE ENTERPRISE 8.1
LAUNCHING A BUSINESS
1 : Premises - Have you... 4 : Employment - Have you...
Signed a lease or rent agreement? Got information on employee rights and
Checked your liability for business rates?
Decided about working hours, wage rates,
Checked whether you need
holiday and sickness entitlements, overtime
and bonus payments?
Checked whether you need and the
Drawn up a written set of terms
premises has, a fire certificate?
2 : Insurance - Do you have insurance on... Drawn up a written employment contract?
Stock and equipment Set up a paye system if you need one?
Premises and building contents
5 : Finance - Have you...
Loss of trade
Got an accountant?
Public liability and employers liability
Set up your book keeping system?
3 : Legal Status - Have you... Set up systems to pay wages?
Adopted a legal form for the business? Found out what records inland revenue
Partnership, Company or Co-operative? and the VAT man require you to keep?
Drawn up a set of rules or constitution? Made good contact with your bank manager
or enterprise advisor?
Checked your business name?
Checked the laws relating to your business? 6 : Stationery - Have you...
Informed the inland revenue? Printed up or bought in Letterheads?
Checked your obligations under VAT law, Receipts? Petty cash slips? Wage slips?
contacted the Customs office? Stock sheets? Order sheets? Wall-planners?
Rota sheets? Things to do sheets?
Checked data protection laws?
Do you know the legal implications 7 : Do you know where to get more help
if your business fails? if things go wrong?