He needs an Accountant - with little business knowledge an Accountant is essential and will save him more than the fee.
If he is in the UK he can get plenty free advice from the job centres business advisors and Business GatewayHe first needs to write up a business plan, which basically sets outhis plans for his business, his customers, his stock and fittings, his overheads, his marketing costs and don t forget he needs to be aware of the competitorsHave a look at Business Gateway s website for starters
Your local Business Link gives free information on advice on starting in business. They run a free one day seminar on the subject and once you re serious about starting your business they allocate you an advisor who helps with business planning and marketing. Check their website for your nearest branch.I wish your son well.
Your son, would be better of speaking with an accountant - if you do a little research on the internet you may be able to find an accountant who will meet free of charge with you for up to an hour. I know SS Bookkeeping Accountancy Services (www.ssbookkeeping.co.uk) offers this service kind of service and also offer business plan documents.
form a small ltd co that way if or when he goes bust his personal assets cannot be touched for any business debt, cost from ��20 to ��50, secure any financial input to the company with a debenture lodged at companies house ��20, then if it goes turtle he resigns as director and walks away from it, and he gets paid in full before the tax, vat or any other creditors,
Use this basic checklist to make sure all the important steps are taken before you launch your new venture. This business checklist will make sure that you cross all your t s and dot all your i s before your business launch. Steps to Starting a Business -http://www.developer-resource.com/starti��Other sites you might find helpful are: SBA - http://www.sba.gov/SCORE - http://www.score.orgSmall Business Resource - http://www.small-business-software.netBusiness Link - http://www.businesslink.gov.uk/bdotg/act��Goodluck!
Visit the Small Business Association (SBA)and SCORE. Both have free tools to assist you and your son in starting his new business venture.Good luck.
you can get bussiness plans on eBay for less than a tenner, would that be too much for him?
