Starting a business

[Rack]

thats the best thing you've said in this thread - your not interested in what your going to do you just need to be not working where you are.

I suggest you go along to natwest and get a small business start package, and do the same from barcalys. Both have a good starter pack.

Compare the differences to see what your getting into/what you need/what they can offer you.

Get you're idea and go to see one of their small business advisors which to be honest the natwest I have used myself and was quite good.

people on these forums will offer advice on a.) no-knowledge or information - just what they think they know of have heard b.) what is relevant to their own personal experiences which may have no relevance to your needs - more so as you don't really know what you're going to be doing yet c.) offer you resources to help.

None of these will give you a clear picture apart from c.) resources to help, which will give you dry facts. Get a plan together on what you want to do, and based from what you've seen from the small business packages and go see someone who can give you advice on your personal situation.

Thanks Ikonia, I was mainly interested in what resources to use generally. I think I will have to go see someone at my bank, and I'll try Natwest from your recommendation.

[harry1]

im afraid that way yuo will loose money because of the times you spend with people for free, bottom line is this on the hole, people that know about pcs fix them themselves, people that dont know buy dell and go to pc world, the type of people you are going to get are spastics right, i did it the other day cleaned a pc off with a reinstall got it all good, then she comes back and says its worse than before obviously its not but this is because shes a spastic and is stupid, i fix the problem at her expense she hadnt plugged the vga cable in right, but although the job was done she wont ever come to us again coz she thinks we shafted her.

the thing not to do is get dragged into going back to thses people for free because they cant get there antivirus installed, because most people as zak said will blame the last person to touch the pc for its fault. remember peple are stupid and they dont understand pcs lots off people are sscared of them lol

[GeorgeTuk]

...get are spastics right... because shes a spastic...

Can you please not use that work on these forums, I find it very offensive, and while I understand please try to use other more appropriate terms.

[harry1]

omg always someone who moans about everything.

okay they are stupid and ignorant

[LWA]

omg always someone who moans about everything

Please respect the forums and other people, Hexus is a family forum and your posts should reflect this.

If you feel you have to talk that, please do not do it on the Hexus forums

Apologies for going off topic, Rack good luck with the business

[Rack]

np, thanks

[harry1]

anyhow in the above post i made valid points regarding to pepole who are often ones who use repair services rack, just get some very clear guidelines and thing and u can cover your self easily enough

[Zak33]

harry1..behave please!

Clear.....good. If you use that word again it's time to flush you're little head down the toilet and let you see the world of the blue goldfish!

Thanks...right..back on track!

[Moby-Dick]

Ok thats enough

I'd rather not see any more off topic posts on this thread please.

and just to ensure I'm following my own guidlines , dont forget to facotor in things essential spares and liability insurance ( especially if you are visiting clients )

[Koolpc]

What i would say is, if you have the drive and determination..........Go for it mate. Give it a shot and good luck to you.

[Whiternoise]

Holy thread revival batman!

[JPreston]

1) You can buy a company off the shelf where all the paperwork is already done for a very small amount of money (£50 ish)

2) You will need an accountant. They usually bill by the hour. IIRC I think I was going to be charged in the region of 500 quid for my accounts to be done.

3) Tax works a bit differently when you own your own company. Everything you make comes in gross, then when you subtract costs (parts etc), and pay yourself a nominal wage, and NI contributions you can take the rest as a dividend (lower tax %age).

People paying <10% are probably bending the rules a bit too far.

^ what he said.

It's cheap to set up a Ltd company and you need not worry too much about the admin cost. About £500 for an accountant is what you can expect to pay, maybe a just little more if you want them to administer your PAYE scheme but you can do this yourself, 'tax doesn't have to be taxing' and all that. No-one ever went bankrupt from the costs associated with running a company, you don't lose your house until you take on expensive commercial premises etc.

Company Secretary is a small point, either your accountant will do it or get a family member to do it....I think actually that in this year's budget they will do away with the requirement on small companies for a Company Sec altogether.

Also, if you turn over less than £150k or something, you can register for the flat rate VAT scheme whereby you keep an extra ~5% of your turnover but forego the ability to reclaim VAT on your inputs. So if you are essentially providing a service with few purchases, and your customers are themselves VAT registered, you can do quite well with this.

[JPreston]

Holy thread revival batman!

Ha ha and here's me being all helpful

Oh well by now he is either rolling in it or totally destitute.