Good ideas make good businesses

08 February 2010

Anyone hoping to set up a company needs to make sure it is based on a good idea, it has been said.

John Grange, business advisor at Business Link, believes now is as good a time as any for someone to set up their own firm.

There are a number of queries which people considering purchasing business insurance should ask, he indicated.

Mr Grange questioned: "Does your plan stack up? Does it really offer something people would want to buy, spend money on?"

Companies take a long time to set up, which is often something which people do not appreciate and find frustrating, the expert revealed.

Setting a realistic budget is important for any potential business insurance policyholder, as people often find they run out of funds, he added.

Statistics from PricewaterhouseCoopers show the number of corporate insolvencies in quarter three of 2009 fell by 7.2 per cent compared to the previous quarter.

Compare, choose and buy company insurance with Coverzones.

Posted by Elizabeth Cook.

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