New Business

[DomainSage]

Hi Folks,

Before I started rambling on and using up space I thought I would run an idea by you first and see if anyone is interested.

I was thinking of posting regular reports on the setting up of my business, not about what it does but more aimed at the costs of registering a business, time it takes, dealing with banks and accounts. Also how I get on as far as using local groups ( like the local chamber of commerce ) and what support I find out there. Also tackling the legal side of things.

It would really be aimed at people in the UK thinking of starting their own business, by this I do not mean just going out to buy and sell domains but more the actual specifics required for a fully registered company.

Anyway, would this be something you might be interested in reading up on ?

Wishing you all the best

Richard Souter
Director Domain Sage Limited ( Company Number 5629435, incorporated 20th Nov 2005 )

 

[Splinter Freelance]

Would this just be for the domain business or business in general... I am thinking of doing something similar but for small businesses, so my clients have some source of reference for running a small business.

 

[DomainSage]

Hi Splinter,

It would be in general. Although my new company is dealing mostly in trading domains what I really wanted to concentrate on was the actual process of setting up a company and all the issues that contains. So although it is about a domain trading company it will have nothing to do with the actual process of domain trading, if you see what I mean.

All the best

Richard

 

[Splinter Freelance]

How would you set it up? Would you require a membership?

 

[Host47]

From what I have read, i'm on the understanding that he will create a new thread, if not use this, and report on all aspects of setting up your own business, from step 1 the ideas stage, going through getting funding, dealing with the process of applying to various groups/banks for funding, right the way up to open day, then hopefully regular posts on how it's going.

I think it's a great idea and would follow this very closely..

Good Luck Richard

 

[dreaminginspiration]

Yeah im always looking for info on how hard it is to setup an online business as legal in the UK.

 

[DomainSage]

Hi Reaper, Dreaming et al.

Yep you got it, I just remember when I set my first company up ( totally mine ) I did come across a few set backs ... Well, OK, a bit more than a few.

This will be the second company I have set up in the UK and thought it might be of use to anyone starting out.

Hey Splinter, just to put your mind at rest ... There is nothing to do with paying, I thought about keeping this thread going ( as long as the people at NP don't mind ) and posting the steps I went through and what obstacles I came across.

It would have nothing to do with the domain trade business as such, so the problems and solutions should apply to any business.

I posted this just to get an idea of how many people would be interested in reading it, after all it is going to take some time to write the articles and I did not really want to waste my time and NP's webspace if no one would be interested

Wishing you all the best

Richard

 

[Splinter Freelance]

I would be interested in reading through it... perhaps as well as contributing. I have owned several small businesses from my web design company to mobile detailing ( cleaning and detailing cars ) to selling insurance. There are always complications involved no matter what type of business it is.


BTW The only reason I asked about memberships is because I was under the impresson that you were going to start a web site

 

[Genialnames]

I have some difficult understand this topic, is it intended only for UK residents?

 

[Host47]

It would really be aimed at people in the UK thinking of starting their own business, by this I do not mean just going out to buy and sell domains but more the actual specifics required for a fully registered company.

Which parts don't you understand m8, it's about informing people from the idea stage to the reality stage of setting up any business in the UK, I think it will include groups you can go for money such as chamber of commerce, princes trust etc aswell as dealing with banks and other financial institutes, aswell as preparing abusiness plan, marketing, accounting etc.

 

[Genialnames]

Sorry I dont'know why it wasn't clear to me before, but now it is.

thanks.

 

[DomainSage]

I would be interested in reading through it... perhaps as well as contributing. I have owned several small businesses from my web design company to mobile detailing ( cleaning and detailing cars ) to selling insurance. There are always complications involved no matter what type of business it is.


BTW The only reason I asked about memberships is because I was under the impresson that you were going to start a web site

Thanks for the offer of help, I'll take you up on that if I go ahead with the posts as different points of view always help.
No, I was not going to start a site for this information as I really donot have time ... But might later on.

Hi Genial, although it will really be based on a UK company most of things discussed will apply to all countries you would just have to be aware that local laws are different.

Wishing you all the best

Richard

 

[Host47]

Genialnames glad i could make you understand..lol

 

[Genialnames]

Reaper, I apologize, but being me not english sometime I am in the need to ask some explanation about things that maybe are even obvious to others.
Thanks for the disponibility.
Rep addedd

 

[DomainSage]

Hi Folks,

I don't think there are enough people interested it really make it worth while. However, if anyone has any questions or needs any help do not hesitate to contact me.

Wishing you all the best

Richard