From redundancy to start-up… Now’s a great time!
You’re unlikely to get chatting with anyone down at your local for a while. However, you may well have been in touch with a friend who’s unfortunately been made redundant. It’s tough news for anyone to deal with, and they may already be talking to a careers adviser for help with another job. But if they are drawn to the idea of getting something going for themselves, here are a few pointers to pass on.
Everyone has skills – Get them to do an audit of their talents and experience and see what inspires. What could they now offer directly themselves?
Take advice on tax and legal matters – A good accountant will be able to guide them on which route to take re sole trader vs limited company, as well as national insurance contributions, VAT, and such like.
Pull together a business plan – Again, a good accountant is worth their weight in gold here. They know the pitfalls to avoid and also what is reasonable to expect in the early months.
Ask lots of questions! – Take advantage of the many helpful experts around offering advice in all areas of running a business.
And if they can’t track any experts down, get them to call us… We have a superb network of people we love to recommend!
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