Starting a new business is both exciting and overwhelming. We often like to race ahead and do all the fun bits and forget ignore the boring stuff.

Unfortunately the ‘boring stuff’ is the most important to get right from the start. So, to keep it light but give you some food for thought, here’s my Top 10 Tips to consider when starting up a small business.

 

Ethikate Business Tips

1.Do your planning, research and due diligence before you even think about starting up – start with the business model canvas.

2.Get advice on the right business structure and financial advice – to minimise tax and personal liability.

3.Develop a brand & IP protection strategy during start-up phase…and before you spend $ on your marketing and merchandise.

4.Implement your brand protection & IP strategy – you’ve worked hard to create it so make sure you protect it.

5.Make sure you own your intellectual property or have the freedom to operate – get a Brand & IP Health Check!

6.Implement policies and procedures relevant to your business – online and offline.

7.Get tailored website terms of use and upload them onto your website – don’t copy and paste from another website, it might be wrong!

8.Put in place some standard terms of supply – again, don’t copy and paste, you can’t get the law half right. Do it right, do it once.

9.Invest in the right advice – who are your board of advisors?

10.HAVE FUN!!!!!!!!!!!!!!!!

Are you a start-up or a business owner ready to get serious about your business? Professional legal advice done right is one of the best investments you can make when starting up (I know, I’m biased but I truly believe it and have seen it for myself). Then do it right, do it once with us!

Contact us today for a no obligation initial consultation or learn more by checking out our News, Tips & Blog page.

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