Advice for new businesses

If you have an idea for a new business, are considering buying a franchise or are contemplating taking on an existing business for the first time, we can help.

Dyne Drewett’s commercial team doesn’t just work with start-ups, we help you develop and protect your business ideas so that you business can grow. But, success is only possible if you get the ground-work right and we don’t just mean from a legal perspective, although of course that should not be overlooked!

If you’re a start-up, consider: is there a market for your idea? Where are your customers going to come from? Are they buying from competitors and will you be able to attract them with better service, higher quality or lower prices?

Producing a simple business plan is often a good way to assess these issues and, indeed, if you require funding from the bank, a sound business plan will often be a pre-requisite.

We can help you consider the best legal structure for your business. If there is an element of risk in what you propose to do, a setup which limits your liability against problems later down the line might be advisable, together with a robust set of terms and conditions outlining your payment terms and the extent of your responsibility if things go wrong.

If you sell online, consumers have additional rights, including a right to cancel their order and return goods for a full refund within a particular period once the order is made. These rights are extended if certain requirements aren’t met.

And of course, what about the products/services you intend to sell? If you create these yourself, are they adequately protected against others copying them or your brand or logo unfairly – with most businesses now operating online and connecting with their customers through social media, the protection of these kinds of rights are more fundamental than ever.

Within the commercial team at Dyne Drewett, we appreciate there’s enough to think about when starting a new business. If you’re looking to succeed, let us help you get the ground-work right. An initial consultation is entirely free and without obligation. Contact Morgan J Morgan or Justin Hopkins.

This entry was posted on Tuesday 22nd November, 2011. Edit this entry.