You must have user friendly advisers to whom you can turn at a moment's notice who will give simple constructive and positive advice. It is obviously essential that you have an accountant, sometimes a patent agent and very often a lawyer. If you have a good relationship with one of these three they will doubtless recommend appropriate other professionals. The right employees are key to any successful business. Once found, it is essential that you have a contract of employment with each employee making absolutely clear all the basic terms of their employment including payment, holiday entitlement, sickness, duties and benefits.
Key employees ie.
It is sometimes worthwhile, and indeed advisable, to have restrictive covenants preventing a key employee from being able to poach your customers or other members of staff. An added benefit to employees can be given in the form of share options to cover the eventuality of your company taking off in a significant way and thereby benefitting employees with share options. Clearly financing a start up is one of the most significant or important steps to be taken. In the usual course of events you would have some money yourself and maybe have a few private investors or employees who are prepared to make funds available. In addition it is possible to go to your bank to arrange a loan or other facilities.