Thinking of owning your own business?

Opening your own business is exciting and thrilling. A methodical plan of action is needed to fulfill your dream or goal of being your own boss and running a successful business. Success lies in the approach you choose to take. We help you to collate all resources required for formation of a new business in LEGAL, PROCUREMENT, HR & ACCOUNTING SYSTEMS, COMPANY POLICIES and all other relevant areas. Summary of services:

• Prepare an initial business plan to clarify your marketing, management, and financial plans.

• Feasibility studies in local context.

• Determine your start-up capital needs.

• Identify sources of start-up capital and backup sources if needed. We can also assist you in applying for bank loans for your project with our consultancy.

• Evaluate and quantify your borrowing power so you know how much money you can get your hands on if needed.

• Select a business structure that best fits your needs by evaluating tax advantages, legal exposure, ease of operation and portability should you need to relocate.

• Select the right accounting software by evaluating your budget, needs and hardware.

• Prepare a Cash Flow Budget so you know exactly how much money you need to keep the business alive each month for the first few years. Unplanned cash requirements are always emotionally painful.

• Establish billing and collection procedures to maximize your cash flow.

• Establish procedures to monitor and control costs.

• Setup a home office so you can maximize your tax deductions.

• Prepare and file all required legal and local licenses and permits as per the regulations & laws for registering businesses under relevant acts.

• Prepare and file your application for your tax file number.

• Provide payroll and payroll tax filing when you bring on your first employee.

• Comply with employment laws so you don't get hit with fines and unhappy employees.

• Identify your business insurance needs.

• Develop a solid Partnership Agreement. This is an extremely important document for all new partnerships and will help prevent a tremendous amount of financial and emotional problems down the road.