okay in this video I want to take a look at something that comes up very
regularly with people starting their own business
it's a beautiful bank holiday weekend here until there's an unbelievable on
believe you one day I don't normally wear the the shades was today and doing
it because I was sprinting otherwise but in this video I wanna look at something
that people starting their own business always in my view yeah hooked up on or
get get tripped up on or obsessed about without honey we need and that is the
concerned of when they're starting a business so that you started a business
and they're in the very very early stages but concerned about whether they
should have a limited company or partnership but concerned about perhaps
registering a business name and feeling of the correct forms the concerned about
things perhaps like trademark or copyright the concern that will go on to
the bank has been able to open business account first as a personal account but
my advice to all of these people who are starting their business for the first
time or are in the very very early stages of the business
my advice is the same to all of them and that is their focus their priority if
you'll really be on getting hunters getting clients getting customers if you
put your energies and your focusing getting customers or clients getting
sales then you're gonna have a positive cash flow and other things then will be
easier to deal with and will be more fun quite frankly you'll also have a better
idea of what you want to do in terms of partnership or they were a company or
sole trader or perhaps registering a business name or whatever it is but
people in my view tend to get the cart before the horse I think that really
good business people entrepreneurs start off with
essentially a good idea or a good product for good service and they
generate sales and cash is king particularly when you're starting off a
business cash flow is absolutely vital so my number one tip for anybody
starting a business is to get clients or get customers first and worry about the
legalities the structure registering with the revenue insert all of that
stuff as you go along or a little bit later on but don't put the cart before
the horse and end up spending a lot of money that you should be using to
generate sales instead you're using that money on needless things that you might
never use or need like to live in a company or a business name or whatever
I've started a lot of businesses since 1986 the 6th of December 1986 was my
first business and that's a while ago now and I've been involved in various
businesses down through the years including retailing convenience stores
petrol stations property development building online business I've been in
the license to trade and obviously and solicitor now so they've had a huge
amount of experience in all sorts of businesses in developing and
redeveloping properties in obtaining plan information in organizing
subcontractors on my building site when I was building apartments I bought sites
bought homes both premises I've stripped licenses out of premises a lot of places
premises rather and sold them on bikes of legal analogy so here amount of
experience in the whole area of starting and running a business and it's much
easier and you're far more motivation to look after various things
the housekeeping stuff once you see that we're making some strides if you're
getting a bit of momentum that you're getting to be more and inside underneath
that we're getting sales so the key thing in my views were starting the
small business no matter what you're selling whether you're selling crochet
patterns or whether you're selling a service for you know entertaining with
perhaps children are parties or whatever it is
every business is gonna start small by definition the longest journey begins
with a single step but you should concentrate and focus
your records your efforts rather on getting sales rather than on employment
contracts or registering companies or the best structure for your business and
so on and so forth hope you found this video useful this is actually there on a
beautiful sunny by family weekend and if you do you might give her the thumbs up
down below and you may be interested in sharing it with somebody who you might
know who would be interested in this who may be considering starting a business
and you might say give it the thumbs up down below and subscribe to my channel
if you haven't done so already thanks for taking the time to watch this