7 Tips for Home Business Start-up Success


1) Prepare a realistic business plan.

Think of this as your business road map. Define exactly where you want to get to with your business and then you can effectively map out your path towards achieving your goals!

By creating a detailed business plan you should cover all options and eventualities and have a clear future vision that will guide you through the rest of the start-up processes.

2) Your business plan should encompass the financial considerations of starting your small or home based business:-

Do you have the capital required?

Do you need to raise additional funds?

Who are you going to approach for finance?

Who do you trust for advice?

And don't forget to open a business bank account?

3) Consider the legal implications of becoming a business owner and proprietor.

Are you better off as a sole trader, a limited company or are you considering a partnership?

Make sure you consider all the angles and protect yourself and your assets personally from the outset.

Anything you bring to the business has to be itemised, valued?even if you're a sole trader.

And make sure you are professionally covered with the appropriate business indemnity insurances.

4) Get your family and friends behind you from the get-go.

Make sure your family and friends are fully understanding and supportive of your ideas to venture into small business start-up.

Do they understand the level of commitment you will have to show for on-going and long term success?

Their belief in you and continued support of you will work wonders towards your on-going success, so don't forget to look out for them too.

5) Protect your family, protect your business.

If, God forbid, something were to happen to your health, how would your business survive, how would your family cope?

Consider insurances - from health, critical illness and income protection insurance to life insurance - and consider your pension and long term financial security.

6) Face those 'taxing' questions from the start.

Your small or home based business has to consider its taxation situation.

Do you need to register your business for sales tax purposes; have you informed your tax office of your business's inauguration?

Do you have a good tax professional lined up to guide and assist you?

The bottom line when it comes to taxation is that from the outset you need to make sure your papers and books are in order, this will save you time, money and heart ache in the long run.

7) Prepare realistic and achievable goals and targets for your first year.

Do not expect to conquer the world with your first year's business returns.

Starting a business is a life changing undertaking and one you must be patient with. The rewards are there, but make sure you set yourself achievable targets - when you reach them they will give you the confidence and satisfaction to set new goals and to continue building your business' success.

Rhiannon Williamson is a publisher with specialist knowledge covering literally every single aspect of moving & living abroad.

From setting up your own business abroad, offshore investment and offshore banking to international living and buying property abroad.

Check out her site www.shelteroffshore.com/">Shelter Offshore to find out how you can escape from the rat race, relocate overseas, and profit from your move!


MORE RESOURCES:

Coalition of M5S and the Lega fails as President Mattarella refuses to accept Giuseppe Conte’s finance minister candidate

A standoff over Italy’s future in the eurozone has forced the resignation of the populist prime minister-in waiting, Giuseppe Conte, after the country’s president refused to accept Conte’s controversial choice for finance minister.

Sergio Mattarella, the Italian president who was installed by a previous pro-EU government, refused to accept the nomination for finance minister of Paolo Savona, an 81-year-old former industry minister who has called Italy’s entry into the euro a “historic mistake”.

Continue reading...

  • US president backs off cancellation as officials visit Panmunjom
  • South Korean leader: Pyongyang committed to denuclearisation

Donald Trump confirmed on Sunday that US negotiators were in North Korea for talks ahead of his planned summit with Kim Jong-un – a meeting the US president said was cancelled only three days before.

Related: The North Korea farce makes it clear again: Trump is dangerous | Simon Tisdall

Continue reading...

  • President’s daughter tweets picture of cuddle with young son
  • Trump policy leads to reports of children taken from parents

An online backlash greeted Ivanka Trump on Sunday, after the president’s daughter tweeted a picture of herself cuddling her two-year-old son at the same time widespread news reports detailed children being taken from their mothers by US border agents.

Related: US to stiffen border rules and separate children from parents

Continue reading...

UN refugee agency calls for urgent measures amid spike in arrivals with hundreds dying en route

Spain’s maritime rescue service has rescued hundreds of people trying to cross the Mediterranean into Europe this weekend amid growing concerns that the country is struggling to cope with the migration crisis.

The service said its crews had rescued 293 people from nine boats on Saturday. On Sunday, a further 250 migrants were rescued from eight boats, three of which were in poor condition and later sank, they added.

Continue reading...

  • President’s lawyer gives meandering Sunday show interviews
  • ‘It’s for public opinion’, he says of claims of campaign informant

Former New York City mayor Rudy Giuliani said on Sunday that his repeated imputations of a supposed scandal at the heart of the Robert Mueller investigation – which Donald Trump calls “Spygate” – amounted to a tactic to sway public opinion and limit the risk of the president being impeached.

Related: Michael Cohen: inside the strange world of Trump's fixer

Continue reading...

  • 93-year-old experiences low blood pressure and fatigue
  • Spokesman says Bush ‘not in any discomfort’

Former president George HW Bush was taken to a hospital in Maine on Sunday after experiencing low blood pressure and fatigue, a family spokesman said.

Bush, 93 and the oldest living former US president, will likely remain at Southern Maine Health Care for a few days for observation, said the spokesman.

Continue reading...

German police deployed to keep anti-immigration AfD group and counter-protesters apart and avoid clashes

Thousands of demonstrators for and against the far right have faced off in mass rival rallies in Berlin, where calls of “we are the people” were met with chants of “go away, Nazis” and techno music.

Police officers were deployed on Sunday to keep groups apart and prevent clashes, as leftwing militants vowed to “sabotage” the march by the anti-immigrant, anti-Islam Alternative for Germany (AfD) party.

Continue reading...

Russian defence ministry says ‘terrorists’ wounded five others in Deir ez-Zor

A clash with “terrorists” in eastern Syria resulted in the deaths of four Russian soldiers, Russia’s defence ministry said on Sunday.

Russian and Syrian government troops and pro-government gunmen have been fighting members of the Islamic State group in the eastern province of Deir ez-Zor where the extremists resumed their attacks against government forces and their allies in recent weeks.

Continue reading...

Charlie Rose, Mario Batali and others celebrities are planning to rehabilitate their reputations after a range of accusations

America’s entertainment industry has been left reeling from the #MeToo movement. But that hasn’t stopped many of the high-profile men it has toppled from planning their comebacks.

Related: After six months of #MeToo, the burning question is: how soon can these guys come back?

Continue reading...

Leo Varadkar vows legal terminations by end of year after huge vote for change

Ireland has voted by a landslide to legalise abortion in a stunning outcome that marks a dramatic defeat for the Catholic church’s one-time domination of the Republic.

The Irish electorate voted by 1,429,981 votes to 723,632 in favour of abolishing a controversial constitutional amendment that gave equal legal status to the lives of a foetus and the woman carrying it. The result was a two-thirds majority: 66.4% yes to 33.6% no.

Continue reading...

  • Chinese ships and aircraft sent to warn US ships to leave
  • Move comes as White House seeks co-operation on North Korea

Two US warships sailed near South China Sea islands claimed by China on Sunday, two US officials told Reuters, in a move likely to anger Beijing as Donald Trump seeks its continued cooperation on North Korea.

Related: North Korea-US summit on track, says Moon, after candid talks with 'friend' Kim Jong-un

Continue reading...

Ilya Repin work torn in three places after man becomes ‘overwhelmed’ in Moscow

One of Russia’s most famous and controversial paintings, which depicts Ivan the Terrible cradling his dying son, has been badly damaged after a man attacked it with a metal pole in a Moscow gallery.

The canvas – Ivan the Terrible and His Son Ivan on November 16, 1581 – was completed by the Russian realist Ilya Repin in 1885 and portrays a grief-stricken tsar holding his son in his arms after dealing him a mortal blow, a historical incident the veracity of which some Russian nationalists dispute.

Continue reading...

The North Korean leader, Kim Jong-un, met his South Korean counterpart on Saturday, two days after Donald Trump cancelled a planned summit with Kim.

Related: Donald Trump says North Korea summit could be back on

Continue reading...

Interior minister’s remarks condemned by opponents to Emmanuel Macron’s reforms

The French interior minister has accused protesters against Emmanuel Macron’s economic reforms of “passive complicity” with people who have smashed shops and banks and set fire to cars during demonstrations.

Gérard Collomb was speaking after marchers converged on the Bastille in Paris on Saturday to show their opposition to the changes being pushed by the president.

Continue reading...

The return of a 135-year-old market is part of a citywide plan to revive local communities, but some worry the tourist hordes will soon arrive

Thousands of residents of the traditionally working class Barcelona neighbourhood of Sant Antoni thronged their local market this week as it reopened after a nine-year, €80m (£70.1m) refit. The celebrations continue over the weekend with live music, dancers from China and Bangladesh and poetry readings.

“It doesn’t surprise me that so many people came on the opening day,” says Pere Escofet, standing at his brand new cheese and charcuterie stall. “This market is very symbolic and there was a lot of expectation.”

Continue reading...

The city of Helmond is trialling a speed sensor with a difference – motorists who observe the speed limit earn cash for local projects

A Dutch city is hoping to target speeding motorists by rewarding those who keep to the limit with cash for their community – car by car, and cent by cent.

A “speed-meter money box” was installed earlier this month on a stretch of road notorious for speeding in Helmond, a city in North Brabant province in the Netherlands. Each vehicle that was observing Dijksestraat’s 30km/h (19mph) speed limit as it passed added €0.10 (£0.09) to the monetary figure displayed, to a maximum of half a euro per vehicle each day.

Continue reading...

From badminton to bonsai pruning to a precarious nap, it’s all going on high above the packed streets of Kowloon, Hong Kong. This series by Romain Jacquet-Lagrèz is a record of life in one of the world’s densest neighbourhoods

Continue reading...

Full funeral rites from the monks of Bangkok’s Wat Krathum Suea Pla temple used to be for humans only – until a new and lucrative market emerged

Fou Fou always liked the good things in life. The pomeranian puppy had “a heart of gold” and a taste for expensive grilled pork. Varunthip Manthin loved the tiny dog as much as any of her sons.

When she discovered him dead in the road having been hit by a motorbike, she was inconsolable. Despite her grief Manthin knew one thing: she would give him a funeral worthy of her own child.

Continue reading...

With husbands, sons and fathers dead or missing, women have been unwittingly thrust into the spotlight. Their resilience and innovation could point a way forward

The plight of approximately three million civilians encircled by hostile forces in Syria’s north-western Idlib province is growing worse by the day, according to UN officials, aid agencies and advocacy groups who fear a looming humanitarian catastrophe.

For many Syrian families, Idlib is the refuge of last resort, after their forced displacement from homes in other parts of the country. But it also risks becoming a sanctuary without exits – what activists have termed a “kill-box” from which there is no escape. The Syrian army, backed by Russian and Iranian forces, is entrenched to the south and east.

Continue reading...

  • Edgbaston lashed by equivalent of a month’s rain
  • Drivers told to avoid Birmingham

Flash floods have caused mayhem on roads in parts of the Midlands when storms and torrential rain broke out after a weekend of humid weather.

The equivalent of a month’s rain fell in one hour in parts of the region, leaving a submerged stretch of the M5 and other roads closed. Vehicles were left swamped in flood water up to 5ft deep.

Continue reading...

Regime critic Andargachew Tsege was seized during stopover in Yemen in 2014

A Briton who has spent four years on death row in Ethiopia after being abducted at an airport in Yemen has been pardoned.

Andargachew Tsege, an opponent of the regime in Addis Ababa, first came to the UK in 1979. He holds British citizenship and was sentenced to death in his absence nine years ago. His wife, who has not seen him in four years, told the Guardian that she expected him to be back at their home in London this week.

Continue reading...

Iván Duque, a fierce critic of the peace accord, will face-off against former mayor of Bogotá Gustavo Petro in second round

Colombians have failed to elect a president outright, setting the stage for a bitter runoff between two frontrunners from opposite ends of the political spectrum, while a peace process with leftist rebels hangs in the balance.

Related: 'Of course he can win': leftist defies odds in Colombian presidential race

Continue reading...

Survey shows fall in popularity for Bill Shorten and majority support for company tax cuts

Labor has increased its lead against the Coalition in Newspoll to 52% to 48% in two-party-preferred terms, despite a fall in popularity for Bill Shorten and majority support for the government’s company tax cut package.

The Newspoll, released on Monday, found that 63% of voters support a 25% rate of company tax ahead of a two-month campaign for five Super Saturday byelections on 28 July, in which Labor is running hard against the government’s plan to extend that lower rate to larger companies.

Continue reading...

More than a tenth of children in South Africa have foetal alcohol syndrome. Now volunteer mothers are fighting back

In a dusty township in South Africa’s sun-drenched wine country, Charay Afrika says only one thing helped numb her through a turbulent relationship and two pregnancies: alcohol.

She drank all day, every day, throughout her full-term pregnancies – unaware of the effect alcohol could have on her children.

Continue reading...

Solicitor acting for parents of Mawda Shawri raises questions over shifting nature of official response to fatal shooting

Police in Belgium who have admitted that one of their officers was responsible for firing the shot that killed a two-year-old Iraqi Kurd girl last week have been accused of mishandling the investigation into her death.

A day after the officer responsible for the shooting appeared before an investigating judge, and with more details about the incident emerging, the solicitor acting for the grieving parents of Mawda Shawri told the Guardian he had grave concerns over how the case was being handled.

Continue reading...

Before civil war erupted, Old Fangak was home to about 5,000 people. But since December 2013, the remote town in South Sudan’s Jonglei state has become a refuge for people fleeing the fighting, swelling its numbers tenfold

All photographs by Frederic Noy for Médecins Sans Frontières

Continue reading...

Noura Hussein, whose case has been taken up by Naomi Campbell and Emma Watson, vows to help other women forced to marry

The lawyers for a young Sudanese woman sentenced to death for killing her husband as he tried to rape her have formally appealed the ruling as a petition calling for her to be spared reached a million signatures.

The legal team working on behalf of 19-year-old Noura Hussein, whose case has become an international cause celebre, had until Thursday to file an appeal to the death sentence handed down by a Sudanese court 15 days ago.

Continue reading...

Amnesty investigation alleges ‘horrendous abuse’ by Nigerian military in camps where thousands reportedly died of hunger

Thousands of women and girls who believed they were being led to safety from Boko Haram by Nigerian security forces were instead systematically abused in exchange for food and assistance, an Amnesty International investigation has revealed.

The shocking claims were made by more than 250 people interviewed over a two-year period. Some allege they were raped by members of the Nigerian military and Civilian Joint Task Force (Civilian JTF), while others say they were starved. The troops ordered civilians out of their villages and into satellite camps, where thousands of people, including children, have died of hunger, the report claims.

Continue reading...

What parents – and their children – face as Ice agents seek to punish undocumented people is beyond cruelty

As a parent, there are few things that haunt your nightmares more than the idea that you might somehow lose your child. That they would be taken from you, and that there would be nothing that you could do about it. The ability to protect your child – to make them feel safe – is as vital as oxygen.

And so I can’t imagine what parents are facing as the US government forcibly separates families in an attempt to punish undocumented immigrants. It’s beyond cruelty – it’s torture. Particularly when you think about what young children, who don’t speak the language and who are in a new country, must be feeling as they’re treated like criminals.

Continue reading...

Cancellation of the historic talks by Donald Trump leaves North Korean leader unscathed

Donald Trump’s decision to cancel a planned meeting with Kim Jong-un is a gift to North Korea in many ways, according to some analysts.

Kim has worked for months to craft an image of a senior statesman and peacemaker, hoping to break decades of hostilities with a country North Korea has called its “sworn enemy”. Trump cancelling the summit further reinforced the narrative Kim is willing to talk while the US agitates for regime change.

Continue reading...

Washington and Pyongyang were talking at cross purposes, and the debacle began and ended with gut decisions made by Trump

The short, turbulent history of the Trump-Kim summit, from its surprise announcement in March to its abrupt cancellation on Thursday, is the chronicle of a trainwreck foretold.

The debacle had been predicted by just about anyone with an experience of negotiating with North Korea, and experts who repeatedly warned that Washington and Pyongyang were talking at cross purposes.

Continue reading...

Brussels has shown concern about the rhetoric of M5S and League, but the ragtag coalition has domestic worries of its own

Italy’s unlikely new coalition partners, the anti-establishment Five Star Movement (M5S) and the far-right League, disagree on so much that the new government will have a “conciliation committee” to settle its internal differences.

But on some things, most notably an avowed desire to stick it to Europe, the two rival parties agree, and if they follow through on their promises Italy will be set on a collision course with the EU. The question is: will they? Much suggests they will not.

Continue reading...

South Korean president addresses the media following his surprise meeting with North Korean leader Kim Jong-un. He reveals the cordiality of the meeting and indicates that Pyongyang remains committed to the US-North Korean summit scheduled for 12 June.

Continue reading...

Leo Varadkar, the prime minister of Ireland, hails 'a quiet revolution' as voters return an overwhelming decision to legalise abortion in the country's historic referendum. The Irish electorate voted by 1,429,981 votes to 723,632 in favour of abolishing a controversial constitutional amendment that gave equal legal status to the lives of a foetus and the woman carrying it. The result was a two-thirds majority: 66.4% yes to 33.6% no

Continue reading...

Pro-choice campaigners celebrate after Ireland votes to liberalise abortion law

Continue reading...

People celebrate after Ireland calls for an end to the country's anti-abortion laws, with two-thirds of voters choosing to repeal the eighth amendment to the constitution. Orla O'Connor, co-director of the yes campaign, said it was 'a monumental day for women in Ireland'


Continue reading...

As the exit polls predict mass support for the repeal of Ireland's ban on abortions the Together for Yes campaign celebrates. O'Connor, co-director of the campaign, says: 'This vote is about a rejection of an Ireland that treats women as second-class citizens'

Continue reading...

Kim Jong-un and Moon Jae-in meet again. The pair discuss their commitments to peace and the potential meeting with Donald Trump. They met in the 'truce village' of Panmunjom. The surprise meeting showed inter-Korea relations were in a far better state than those between the US and Pyongyang


Continue reading...

Lava from Hawaii's Kilauea volcano flows down a street during the night, igniting whatever it touches. Some 2,200 acres (890 hectares) of land have been torched by lava since 3 May and the number of homes and other structures destroyed has leapt from 50 to 82.

Continue reading...

odrnews.com ©