Blue Rocket’s Blast Off programme is designed with new businesses in mind
As reported by The Telegraph, 660,000 new companies are registered in the UK every year, which is equal to 70 new businesses being formed every hour. However, 60 per cent of those new businesses will fold within three years, and 20 per cent will close their doors within just 12 months.[i]
Businesses fail for many reasons and, as a new business owner, you’ll be facing countless challenges which could jeopardise the success of your venture. One of the biggest challenges facing new businesses is financial management. From day-to-day money management and cashflow to funding and payroll, new business owners have a lot on their plate, in addition to delivering the product or service at the heart of their new calling.
Seeking help from a reputable accountant will help you navigate potential financial crises and set you on the right path to future business success. In fact, we designed our Blast Off service with new business owners specifically in mind, with our mission being to keep you on track during your first few years.
How can Blue Rocket’s Blast Off programme help new business owners?
We know how tough it is starting a business, which is why we provide unlimited phone and email support in addition to regular reviews and training on an easy-to-use online bookkeeping package.
When it comes to being registered for VAT, or if you need recommendations when taking on new employees, we’ll guide you through the whole process, giving you the confidence and knowledge to deal with this yourself in the future. Finally, we’ll go through your accounts together at the end of the year, obviously helping you to keep as much of your hard-earned profit as possible!
Here are some of the benefits you can expect:
• Confidence that your company registrations have been handled correctly
• Peace of mind that your business is compliant with HMRC and The Companies Act
• Support with VAT
• Management of your payroll, if applicable
• Unlimited phone and email support without the fear of racking up extra fees
• Free up your time so that you can focus on growing your business
• Achieve a better work/life balance
• Shape the future success of your business
Don’t just take our word for it. Here's what one of the real businesses we work with has achieved using our Blast Off service:
BWC Fire Ltd
When Blue Rocket first began working with BWC Fire - when it was founded in 2011 - the company was a one-man band with its founder, Ben Whitaker, working out of his home office.
Right from the company’s early days, Blue Rocket has been at BWC Fire’s side, adapting our accountancy services to ensure we keep providing the right support and advice to help the company achieve its goals.
Blue Rocket has helped support the small but very successful team by taking care of the company’s accounting needs, as well as those of its two directors. This has freed up their time to focus on other activities vital to the company’s success, such as finding and winning more work, and delivering the excellent client service that BWC Fire has become known for.
“Knowing that Blue Rocket is taking care of our accounts frees up our time which helps us keep on track with other business critical activities.” – Ben Haskell
So what are you waiting for? Simply being passionate about your product, service or idea isn’t enough in order to avoid being one of those businesses going under after 12 months. Invest in an accountant who understands the challenges that go hand in hand with being a start-up, and can provide you with the support you and your business needs at the early stages of growth.
If you’d like to understand more about how we can support your business, call us on 01322 555442 or email us to arrange a free initial meeting – no obligations!
[i] https://www.telegraph.co.uk/politics/2019/01/24/start-ups-across-uk-going-bust-need-careful-management-economy/
