Introduction
In my introduction I will be explaining the different types of Formal and Informal advice that you can give whilst starting up a business, and how it all can help with my business.
Individually
Family: when asking or seeking for any sort of advise the first thought will probably come in our head is to ask our family. This is known as a kind of informal way of advice to ask anyone you know in your family to get ideas and reflect whether on what they think of your business work and idea.
How they can help you? - Your family can help you when you are asking for advice as they are honest and open towards you, but whilst asking them for advice there are some disadvantages for instance they might not have as much or any experience of knowledge in the business world, however on the other-side they are a good support to get advice from and they can help you improve your business as they can giveaway a lot of new ideas that you may of not have come up with.
Mentor: when talking about a mentor they're more of experts in this sort of situation when asking for advice. as they are experts they are the ones that can give you some advice based on their past experiences. This field can be 50/50% of each advice field which is known as formal and informal advice. Formal advice is usually known as when you set up meetings to be able to get ideas and have a questionnaire for you business where as informal is when they take you in their business for you to actually experience whilst you are working with them.
How they can help you? - They can help you giving advice that are beneficial for when you are starting your business or when you feel to start it up. They can also tell you what the advantages and disadvantages are, and what you will need what threats can occur etc. As for some organisations that have mentors they might allow you to work with them depending on their business, to let you experience on what it is like.
Lawyers and Solicitors: when asking a solicitor or lawyer for advice this is a formal way to get advice for any business as this is the most effective way as they are experts and professionals. When seeking for advice from them they can let you know what exactly the laws are what you must follow towards all the legal structures for your business, they can also let you know and answer all related work towards your business such as finance, insurances, licensing etc.
How they can help you? - they can help you in a lot of things when it comes towards starting up a business as they have well knowledge of rules and regulations, they also can come up with helping you fill out legal forms and documents that can be the hardest part of the stage when opening up a business.
Accountants: accountants have the most formal way to get advice's from when it is concerning your finance departments, as they can help you a lot when you are trying to stay on a budget, and whilst managing wisely on what to spend on and what not to spend on. This can also include your cash flow, break even or even when you are trying to find a balance way to calculate all business incomes.
How they can help you? - they can help you with every department related towards the finance in your business, this can include on ways they can help you to lower your costs, also selling and managing your sales, and ways on increasing the profit for your business.
How they can help you? - Your family can help you when you are asking for advice as they are honest and open towards you, but whilst asking them for advice there are some disadvantages for instance they might not have as much or any experience of knowledge in the business world, however on the other-side they are a good support to get advice from and they can help you improve your business as they can giveaway a lot of new ideas that you may of not have come up with.
Mentor: when talking about a mentor they're more of experts in this sort of situation when asking for advice. as they are experts they are the ones that can give you some advice based on their past experiences. This field can be 50/50% of each advice field which is known as formal and informal advice. Formal advice is usually known as when you set up meetings to be able to get ideas and have a questionnaire for you business where as informal is when they take you in their business for you to actually experience whilst you are working with them.
How they can help you? - They can help you giving advice that are beneficial for when you are starting your business or when you feel to start it up. They can also tell you what the advantages and disadvantages are, and what you will need what threats can occur etc. As for some organisations that have mentors they might allow you to work with them depending on their business, to let you experience on what it is like.
Lawyers and Solicitors: when asking a solicitor or lawyer for advice this is a formal way to get advice for any business as this is the most effective way as they are experts and professionals. When seeking for advice from them they can let you know what exactly the laws are what you must follow towards all the legal structures for your business, they can also let you know and answer all related work towards your business such as finance, insurances, licensing etc.
How they can help you? - they can help you in a lot of things when it comes towards starting up a business as they have well knowledge of rules and regulations, they also can come up with helping you fill out legal forms and documents that can be the hardest part of the stage when opening up a business.
Accountants: accountants have the most formal way to get advice's from when it is concerning your finance departments, as they can help you a lot when you are trying to stay on a budget, and whilst managing wisely on what to spend on and what not to spend on. This can also include your cash flow, break even or even when you are trying to find a balance way to calculate all business incomes.
How they can help you? - they can help you with every department related towards the finance in your business, this can include on ways they can help you to lower your costs, also selling and managing your sales, and ways on increasing the profit for your business.
Organisations
Departments of business innovations and skills BIS: (Bis) is a department that helps you in educational skills to prevent you to start up a business. They are leaders to make sure that the law is fair towards its customers and that it is used to succeed in doing the business with the laws being fair. This is more of a Formal way of advice and can help you in the growth of the business, this way is also effective as it can help you save money. they can also help you as they have many ideas for you to compete against other business across the world this will also help your business to grow and get more profit.
Citizen Advice Bureau (CAB): this is one of the well known organisation and council the bat really help businesses with any sort of problems. this can help you with all the business finance, any legal work and other threats towards organisations. this can be formal and informal of way of advice to get, as this is very useful and many people take advice from them as they have great past experiences which is also free.
Foreign Office: a formal type of advice, the Office can deal with all the people that would like to export products for their businesses or open up a business store or branch that could help them in another country. This office can help you with giving loads of effective advice that may have information including about legalization papers or documents that may go oversea to transport your business in the best way possible.
Local Authority: local authorities are the formal way of advice where you can go to get advice's from. if you are planning to look are a location for your business you should ask advice from the local authorizes as they may help you with the area location, transportation, and other departments when looking for premises. You can also have a look out for the safety for the area, making sure where would you like your business to be located at and see if the locals will be more than interested in your business and see if there are customers.
How they can help you? - Local Authority can also help you with area and location cleaning of you business as they can come and collect the daily rubbish, help you maintain you business as well with the hygiene departments.
When thinking about my business i would deferentially use both individual and organisation to get business advice for starting up a business. Firstly I would get advice and maybe brainstorm for ideas from my family and relatives/friends.
How this will help me? - this will gain me to get as much as ideas for my business this is more of an another creative way to get ideas as there will be more too choose from. But before I start anything id like to find a mentor who has the same business that I would like to run and get ideas with experience so when I run it I know that I've had experience. This is some sort of work experience that they can help me out in with, they can train and give out tips and advice with making my business successful. Taking this route can also be an advantage as this makes you reflect whether this route and pathway will make your business be successful.
After this I shall be going to a solicitor to get more information and advice on the legal terms departments of my business and later to an a accountant for advice on how to manage all the financial stuff in my business
Finally I would go to CAB organisation to get helpful advice and the local authority as they can help me with all basic departments in my business, this can include from bases of rules and regulations to finance and the legal work to where to locate the business and managing the business as well with many other.
How they can help you? - Local Authority can also help you with area and location cleaning of you business as they can come and collect the daily rubbish, help you maintain you business as well with the hygiene departments.
Which one of these would I use?
When thinking about my business i would deferentially use both individual and organisation to get business advice for starting up a business. Firstly I would get advice and maybe brainstorm for ideas from my family and relatives/friends.
How this will help me? - this will gain me to get as much as ideas for my business this is more of an another creative way to get ideas as there will be more too choose from. But before I start anything id like to find a mentor who has the same business that I would like to run and get ideas with experience so when I run it I know that I've had experience. This is some sort of work experience that they can help me out in with, they can train and give out tips and advice with making my business successful. Taking this route can also be an advantage as this makes you reflect whether this route and pathway will make your business be successful.
After this I shall be going to a solicitor to get more information and advice on the legal terms departments of my business and later to an a accountant for advice on how to manage all the financial stuff in my business
Finally I would go to CAB organisation to get helpful advice and the local authority as they can help me with all basic departments in my business, this can include from bases of rules and regulations to finance and the legal work to where to locate the business and managing the business as well with many other.
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