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Starting Your Own Business

Congratulations on making the big decision and starting your own business. However, the hard work starts here..... We can help you through the whole process, from the initial pipe-dream phase through to the growth phase of your business. Our partnering approach has already been succesful with many of our clients who are still in start-up phase but with our help, have the financial structure and processes of a mature business.

If you think it would be beneficial to talk to professionals with extensive industry experience, working up to Head of Finance and Commercial Director levels at large Multinationals, look no further, call us today on 01 6910151 or email richard@wheatleyassociates.ie.

Service Offering

Prepare a business plan to determine the feasibility of the business proposal, identifying cash flow requirements and trading profitability. This will no doubt be used as the barometer of success going forward.

Decide which type of trading entity is most suitable to your business  - sole trader, partnership, or limited company. Each have their advantages - and disantages. One size does not fit all.

Assess your finance requirements, advise on the sources of finance available and present the business proposal.

Complete all registration procedures with the Companies Registration Office and Revenue Commissioners.

Set up appropriate controls and financial recording systems for your internal use to comply with statutory requirements.

Once your business has progressed past its development phase, we can offer our extended services to help you enhance your profitability. Refer to sections Outsourced Finance Solutions & Accounting and Book-Keeping for more information.

Why prepare a Business plan?

A successful Business - Key Factors:

A Good Business Concept - what do you really know about the business you are entering into? Have you worked in the industry before, have you insider knowledge or is it just perception ("easy money in that game")

Understanding of the Market, its Competitors and Suppliers - What is the market size and what % can you capture?

Good Management - Surround yourself with good people and hire people who have the skills you lack.

Good Financial Control - Improper financial controls alone can be sufficient to bring down the best of businesses.

Be Flexible - "It is not the strongest of the species that survive, nor the most intelligent, it is the one that is most adaptable to change" (Darwin)

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