1. Plan for growth

Once your business is established and you’re making a profit on the products and services you sell to customers, you may want to start thinking about how to grow.

Many businesses think of growth in terms of increased sales, but it’s also important to focus on how to maintain or improve your profitability.

Things you can do to help grow your business include:

As your business grows

You must register for VAT if your VAT taxable turnover reaches more than £82,000.

You may also find that a different legal structure is more suitable as your business grows.

Contact the business support helpline in your area for help and advice on starting or growing your business.