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    How to Set up a New Business
    How to Set up a New Business
    How to Set up a New Business
    Ebook92 pages45 minutes

    How to Set up a New Business

    By Dr Jim Porter

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    About this ebook

    Entrepreneurs Brief Guide - This e-book consists of six “Entrepreneurs Brief Guides”, addressing all you need to know about setting up a new business. It contains independent and practical advice for entrepreneurs and small to medium sized businesses (SMEs). Designed to help your business achieve its daily objectives of acquiring and retaining customers, this guide is invaluable to any start up company and small business owner.

    Learn how to: (a) Apply for Grants, (b) Search for Your Business Premises, (c) Set up Your Office, (d) Set up Your I.T. System, (e) Insure Your Business and (f) Recruit Skilled Employees

    LanguageEnglish
    PublisherDr Jim Porter
    Release dateMar 7, 2012
    ISBN9781466158207
    How to Set up a New Business
    Author

    Dr Jim Porter

    Dr Jim Porter is a chartered engineer, qualified to a PhD level from London University, with more the 25 years business experience. He has worked for several multinational companies in Europe and the USA. His experience stretches from new products development, project management, new business building, profit and loss responsibility, to the creation of several successful joint ventures and acquisitions.Currently, he is a senior executive, responsible for strategy development and growth initiatives, including partnerships and new businesses building. Dr Porter is particularly interested in business incubation, helping entrepreneurs and start up business owners to achieve their personal and business objectives.Dr Porter is the author of several publications, including a book titled “How to bake your business idea and eat it”, and the creator of “Entrepreneurs Brief Guides” series.Dr Porter is a Fellow Member of several professional organizations and institutions in Europe and the USA. He can be contacted on his email TheJimPorter@gmail.com .

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      Book preview

      How to Set up a New Business - Dr Jim Porter

      How to Set up a New Business

      Entrepreneurs Brief Guide - Volume 1.2

      Dr Jim Porter

      This e-book consists of six Entrepreneurs Brief Guides, addressing all you need to know about setting up a new business. It contains independent and practical advice for entrepreneurs and small to medium sized businesses (SMEs). Designed to help your business achieve its daily objectives of acquiring and retaining customers, this guide is invaluable to any start up company and small business owner.

      Learn how to:

      Apply for Grants

      Search for Your Business Premises

      Set up Your Office

      Set up Your I.T. System

      Insure Your Business

      Recruit Skilled Employees

      Copyright

      How to Set up a New Business

      Dr Jim Porter

      .

      Revision: SW.01.2.001

      Copyright © 2011 – All Rights Reserved.

      Smashwords Edition

      This ebook is licensed for your personal enjoyment only. This ebook may not be re-sold or given away to other people. If you would like to share this book with another person, please purchase an additional copy for each recipient. If you’re reading this book and did not purchase it, or it was not purchased for your use only, then please purchase your own copy.

      Thank you for respecting the hard work of this author.

      No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means without the written permission of the author.

      ISBN: 978-1-4661-5820-7

      Publisher: Smashwords, Inc.

      Chapter No. 1: How to Apply for Grants

      While conducting your market research prior to starting a business, you must find out about the various types of grant schemes available. New grant schemes are often introduced, but you must have an idea as to which kind of grants your business is eligible for and whether or not it is worth applying for them.

      LEARN HOW TO:

      Prepare for a grant application

      Access possible grant schemes

      Receive grant payments

      While conducting your market research prior to starting a business, you must find out about the various types of grant schemes available. New grant schemes are often introduced, but you must have an idea as to which kind of grants your business is eligible for and whether or not it is worth applying for them.

      Your start up business may qualify for a grant or government support to help you get started.

      Grants can be one of the best and cheapest sources of financing. For example, you might get a subsidized or zero-interest loan, or even an outright cash grant. In addition, support schemes can provide expert advice, information or subsidized consultancy.

      Before applying for grants

      You must always be prepared to invest your own money in the capital instead of completely relying on outside financial sources such as grants. Grants usually cover a minute percentage of the total financing required for any project.

      If any grant scheme is ready to finance your entire project, you will still have to invest your time, effort and resources in researching the availability of that specific grant scheme. Grants are usually available for specific projects such as the introduction of a new training program etc.

      Many of the grant schemes have certain restrictions, such as they will fund only already begun projects or so. In this case you must convince them and demonstrate that you will not be able to achieve your targets without their grant.

      Before proceeding to apply for grants, ensure that you have a sound business plan to convince them of your credibility and commitment to developing your business.

      Factors affecting grants

      The kind of grant schemes and support you qualify for depends on a lot of factors:

      The location where you start your business is a major factor for determining the grants available to you. If you start your business in a special economic zone or in an area where productivity

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