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Q: I have an idea for an internet business but need guidance on the proposed products etc. I need to thrash out these ideas with a professional, rather than going down the wrong track. Who do I employ to seek guidance on making the correct decisions for a successful business?

Oct 27 2006

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Answered by: Philip Wilkinson     Ask a question

Getting the right advice at all stages of the business lifecycle is crucial. Friends and family can provide good sounding boards as well as provide much needed support and encouragement, but I cannot emphasise enough the benefits of expert and impartial business advice.

During the life of your business, in the early start-up years or while you are growing and developing and taking your business to the next level you will be likely to face a number of challenges. Writing a business, marketing and financial plan are essential in the early stages as is securing finance and premises. As you grow you will need to consider your approach to human resource planning, supplier management and customer retention.

An experienced advisor or mentor will help to keep you on the right track and provide invaluable guidance throughout the life of your business. Starting a business can be a lonely and daunting prospect for many people. Having someone to help you through the process can mean the difference between success and failure.

Business Link for London is the small business support service for the Capital and provides information, advice and support by phone, web and face-to-face. We can also link you to appropriate advice through third party suppliers. For more information contact 0845 6000 787 or visit businesslink4london website by clicking here.

 
Comments [1]
Comment by jonathan sumner
Monday 29th January 2007

Speaking with business advisers is a great way to gain experience and limit the risk of failure. Also networking and speaking with individuals who have succeeded and failed in your sector is very valuable. This way you can apply real life case studies to your business and help with its success.


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