New start-ups are an adventure into the unknown. By their nature, there are risks with launching a new business idea. As well as competition and finances, there are more nefarious dangers to any new venture. Idea theft. Lack of organisation. Insecure data. These are just some of the issues that can lead to catastrophic losses. This guide is for those who want to make sure their new idea is protected and well established, so they can get on with the business side of things in peace.
If you’re brand new to a business, this is where you need to start. Every company needs a proper formation. This includes setting up business addresses and documents of registration that are vital to you. The process can be confusing, but there are services that offer to help start-ups. Your Company Formations can register your company for you. They also offer open communication to lead you every step of the way and produce the documents you need.
Protecting Your Idea
Registering isn’t the only way to make sure your company is established. You need to protect yourself against those who wish to steal your business idea. Before opening any business and beginning a correspondence, make sure you don’t reveal too much. Use non-disclosure agreements. Apply for patents and trademarks to put your legal stamp on as much of the business as you can. Document every step of the way, too. These are just some of the tips you can find in more detail here.
Keep Data Secure
Theft can come from any angle. This step is about the actual protection of your data. We have an article offering plenty of sound advice on digital security including:
- Deliberate data theft within the company
- Website exploits
- Unsecured networks
- Third-party service providers
As well as identifying these major causes of insecure data, it also has ideas on how to keep yours locked up. By keeping your data protected, you’ve closed the main major avenue by which you are most likely to have your ideas stolen.
Social Media Presence
This step is about establishing yourself, not just legally, but in the marketplace. For a new business, a social media presence is almost mandatory. Once you have your data secure and your idea protected, the next step is telling the world about it. There are all sorts of guides, tips and techniques people have collated on social media use. We recommend this article on how to create a social media plan. With a plan, creating the content you will be posting over time becomes all the easier. This frees you up to communicate more dynamically with your audience.
Business can feel like a minefield of potential disasters sometimes. By following the guide above, you are eliminating some of the nastiest pitfalls that can hit a new company at the earliest. Register your company. Protect your idea. Secure your data. Establish a presence. Once you’ve followed these steps, follow the blog to find out what comes next. We always have the latest on ideas for strengthening your business.