Do Your Research

You’ve finally said goodbye to corporate life and are ready to launch your own business. But where do you start? Research is undoubtedly one of the areas you should focus on.

research-assistantAt best, this may sound boring and at worst, a complete waste of effort. Carrying out a fact-finding exercise is time-consuming as there is so much data you need to gather: information about your competitors, the type of company you want to set up, the regulations around trade, imports, you name it.

The good news is that there is really a lot of easily accessible information online. The bad news is that there might be too much of it. A lot of websites offer useful tips, guides and step-by-step instructions for startups and small businesses but they’re not necessarily updated regularly. Following Brexit, the UK is likely to go through a lot of changes in terms of tax, legislation and rules. Being able to rely on accurate data and be kept informed of the latest changes has never been more crucial. If there were 2 and only 2 websites I would personally consult on a regular basis with this in mind, these would be the ones:

https://www.gov.uk/browse/business

http://www.tradingstandards.uk/

Social media and the websites of reputable accounting and law firms can also be very useful resources. There are now quite a few financial companies that specialize in providing advice to small businesses and you can usually find a wealth of free and helpful information on their blog page.

If all this seems too daunting or you cannot find the time to sort out all the data, outsourcing your research to an experienced virtual assistant might be your best option. A VA can find, cross-check and compile all the data for you.

Virtual assistants work with a wide range of clients. In the course of their work, they come across invaluable sources of information that can be used across different industries and markets. In other words, a virtual assistant can save you a considerable amount of time. Feeling tempted? Then give us a call to see how we can help you.