{"id":358950,"date":"2026-07-30T20:06:16","date_gmt":"2026-07-30T20:06:16","guid":{"rendered":"https:\/\/peraltafinancing.com\/accounting\/starting-a-new-business-read-this-first\/"},"modified":"2026-07-30T20:06:16","modified_gmt":"2026-07-30T20:06:16","slug":"starting-a-new-business-read-this-first","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=358950","title":{"rendered":"Starting A New Business? Read This First\u2026"},"content":{"rendered":"


\n<\/p>\n

\n

\"Successful<\/a><\/p>\n

If you\u2019re thinking of starting your own business you\u2019ve come to the right place. Whether you have run a business before, just left school or retired these tips will help you get your start-up up and running.<\/p>\n

\u00a0<\/p>\n

    \n
  1. Get a mentor <\/strong><\/li>\n<\/ol>\n

    No one is born an expert in everything and there are lots of different parts of running a business that you may not know about. Online advertising? Upselling your products? Customer retention? Every successful entrepreneur has made lots of mistakes and they\u2019re often prepared to help share their experience. Try networking events at your local Chamber of Commerce<\/a> or Meetup.com<\/a> to get started.<\/p>\n

    \u00a0<\/p>\n

      \n
    1. Understand your audience<\/strong><\/li>\n<\/ol>\n

      Lots of research is imperative to your new business being a success. If you want to open a caf\u00e9, sit in other caf\u00e9\u2019s and ask customers what they like and dislike about the experience, if you\u2019ve not worked in a caf\u00e9 before try to get a part time job in one where you can learn the \u2018behind the scenes\u2019 aspect of the job, including things like ordering stock and health and safety.<\/p>\n

      \u00a0<\/p>\n

        \n
      1. Make sure you get paid on time<\/strong><\/li>\n<\/ol>\n

        Don\u2019t feel uneasy about setting strict payment timescales and enforcing them. New businesses have been known to fail purely because of late payers, until you have a steady stream of income you may be reliant on customers paying on time to keep afloat. Software like KashFlow<\/a> has \u2018pay now\u2019 buttons on invoices and sends automated reminders to those who are at the end of their notice period, making late payers a thing of the past.<\/p>\n

        \u00a0<\/p>\n

          \n
        1. Make customers your number 1 priority<\/strong><\/li>\n<\/ol>\n

          Your customers are your business, they\u2019re the ones who pay your bills and spread word about your product\/services. If you have a physical location such a shop it should be as easy to get to as possible for your customers or if you\u2019re online based your website should be easy to navigate \u2013 always think of the customer journey. Remember to always ask your customers for feedback \u2013 good or bad is equally useful for shaping the future of your business.<\/p>\n

          \u00a0<\/p>\n

            \n
          1. Pick the right name<\/strong><\/li>\n<\/ol>\n

            Your name will reflect your business and shouldn\u2019t confuse customers about the nature of your business. We Buy Any Car<\/a> for example makes it clear what the business does in the name, the same as Rental Cars<\/a>. There are some great lists of hair salons online who have taken quirky inspiration with their names such as \u2018Live and let dye\u2019 and \u2018By the blade\u2019 although these names might be best if you don\u2019t need to consider online marketing and SEO!<\/p>\n

            Hopefully this will have helped you come up with some ideas for starting your own business. It\u2019s important to get a real grip of your finances straight away and bookkeeping software like KashFlow can help \u2013 try free for 14 days today<\/a><\/p>\n<\/p><\/div>\n\n","protected":false},"excerpt":{"rendered":"

            If you\u2019re thinking of starting your own business you\u2019ve come to the right place. Whether you have run a business before, just left school or retired these tips will help you get your start-up up and running. \u00a0 Get a mentor No one is born an expert in everything and there are lots of different […]<\/p>\n","protected":false},"author":1,"featured_media":358951,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11759],"tags":[907,3480,5559],"dealstore":[],"offerexpiration":[],"class_list":["post-358950","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accounting","tag-business","tag-read","tag-starting"],"yoast_head":"\nStarting A New Business? 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