You’re five hours away from a full, legal business

Ignore the potential for planning out your business and taking the time to get things set up the right way. Forget all that. What if, instead, you want to get your business up and running straight away? What if you don’t want to wait and instead are keen to grab the opportunity while the iron is hot? Just how fast can you get your business set up and ready to sell. The answer is a lot faster than you would think or perhaps believe.

Wrapping Up The Web

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First, you need to make sure that you get your website running as quickly as possible. Let’s say that you have a little money to burn. If that’s the case, you can buy an existing domain that already has a built-in fanbase. These don’t come cheap, and the more potential the name or brand has, the more expensive it will be. But, if you have the money to burn, it can be a great option and get you on a roll right away.

Of course, if you don’t want to purchase an existing website, you have other possibilities to consider. You can, for instance, set up your own site. This will take you no more than a few minutes to an hour to get the basic platform for your company on the page. That can include a blog, a shop and a contact page. It can be even faster if you’re using the site purely as an information system rather than an actual source for purchases.

Get The Paperwork Out The Way

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You might think that you can literally start selling as soon as you have a platform to sell on. This, unfortunately, is not the case and to put your company on the market, you do need to go through the legal proceedings including confirmation annual return. Here is the key to verify your company’s data which is crucial for legal purposes.

However, the full set up can take less than three hours. As such, you’ll need three hours for the legal mumbo jumbo and another one for your website. What else will you need to get your business selling?

Keep On Top Of The Numbers

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You do need to make sure that you have a way to keep track of spending and profits. That’s going to be important later when you have to worry about complex details such as paying your taxes. But you don’t have to get too deep into this. Just make sure that you have a spreadsheet where you can easily input all the important data. You can worry about setting up the real deal later on.

Get A Business Bank Account

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Finally, you just need to get your business bank account set up ready to take those payments or pay for the costs. This, depending on your bank, can take a couple hours so let’s round up and say it takes two. All in all, you’re looking at a total of five hours.

That’s right, using the correct services and taking the right shortcuts you’re just five hours away from owning a business. How cool is that?

*This is a contributed post

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