How to Starting a
New Business
Starting a new business is always a great challenge
for any entrepreneur – it involves the creation of a
detailed business plan,
the consideration of all accompanying opportunities
and threats that await him or her in the future
process of operation.
Everything has to be planned carefully to
achieve success; the business does not stand
inconsistent, this is why all aspects of
a future undertaking should be considered in a
unified content of the prospective business
plan.
I would like to establish an internet-based consulting firm that
will deal with securities and will assist those wishing to
become stockbrokers or dealers. I think this company should
bear a reliable and respectable name – “Securities Consulting”.
The reason for such a long name is that it should not be catchy,
but should cause trust. People who deal with money and have
decided to invest in have to be reassured that in my company
they will receive valuable knowledge and precious advice that
will help them to pursue their career in securities trading
successfully.
As for the type of company structure I
would like to have in my company, I
would choose to create a sole
proprietorship. The
reason for this is that it is much easier for
me to run a business on my own – I will
share responsibilities with no one and on
the one hand, it will be hard to conduct
daily activities fully and successfully.
But on the other hand, I will bear the overall
responsibility for all activities, and both in case of
success and failure I will be the only person to
blame or to praise. It is much
easier to work as a sole proprietor due to the
higher cohesion and consistency of work.
The role of accounting is surely high in every
company, and my future company is not an
exception. Every company will fail to
function correctly if it does not accomplish its
main function, gaining profit for the owner. It is
always hard to gain profit in the
business market where all enterprises
experience fierce competition. This is why the
company that does not bring a good, the
sustainable financial yield will fail in the market
and will require liquidation.
. I do not want my company to fall into this
category, so I recognize the necessity of
keeping precise accounting records to be
able to assess the profitability of the
company in a timely and accurate manner.
Accurate financial information is certain to
give proper financial information that is
used to evaluate the current financial
position of the company, to make financial
forecasts, and to design strategies to
overcome the drawbacks of functioning and
to raise more funds.
Thank you for your
attention
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