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	<title>Company Formation Blog &#187; The Diary of A Company Formation</title>
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	<description>Thoughts on Company Formation</description>
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		<title>What is&#8230; a Company Register?</title>
		<link>http://www.companiesmadesimple.com/project/blog/what-is-a-company-register/</link>
		<comments>http://www.companiesmadesimple.com/project/blog/what-is-a-company-register/#comments</comments>
		<pubDate>Wed, 08 Dec 2010 09:00:54 +0000</pubDate>
		<dc:creator>claudiag</dc:creator>
				<category><![CDATA[Business Planning]]></category>
		<category><![CDATA[Company Formation]]></category>
		<category><![CDATA[Company Register]]></category>
		<category><![CDATA[Company Registration]]></category>
		<category><![CDATA[Limited Company]]></category>
		<category><![CDATA[Post Company Formation]]></category>
		<category><![CDATA[The Diary of A Company Formation]]></category>

		<guid isPermaLink="false">http://www.companiesmadesimple.com/project/blog/?p=1523</guid>
		<description><![CDATA[A company register is a folder or book in which a company officer can neatly store their company’s statutory documents. These documents include: - Details of share transfers and allotments - Share certificates - Details of company officers - Company &#8230; <a href="http://www.companiesmadesimple.com/project/blog/what-is-a-company-register/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p>A company register is a folder or book in which a company officer can neatly store their company’s statutory documents. These documents include:</p>
<div class="wp-caption alignright" style="width: 115px"><img title="http://www.companiesmadesimple.com/project/upload/imgs/img231.jpg" src="http://www.companiesmadesimple.com/project/upload/imgs/img231.jpg" alt="Company Register" width="105" height="200" /><p class="wp-caption-text">Company Register</p></div>
<p>- Details of share transfers and allotments</p>
<p>- Share certificates</p>
<p>- Details of company officers</p>
<p>- Company mortgages and charges</p>
<p>The <a href="http://www.companiesmadesimple.com/general-company-products.html" target="_blank">company register</a> which Companies Made Simple provide includes the above blank documents as well as a number of other documents for you to complete to keep your statutory documents in order.</p>
<p>Our company register is a sturdy blue binder filled with 10 tabbed sections and a number of pages to make storing your statutory documents simple!</p>
<p><em>This post was brought to you by Colleen Van Dyk at <a href="http://www.companiesmadesimple.com/" target="_blank">Companies Made Simple</a></em></p>
<p><em>Keep up to date. <a href="http://feeds.feedburner.com/companiesmadesimple/AZpy">Subscribe to our RSS</a></em></p>
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		<title>Company Formation The Importance of Suppliers</title>
		<link>http://www.companiesmadesimple.com/project/blog/company-formation-the-importance-of-suppliers/</link>
		<comments>http://www.companiesmadesimple.com/project/blog/company-formation-the-importance-of-suppliers/#comments</comments>
		<pubDate>Wed, 23 Sep 2009 09:44:52 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[The Diary of A Company Formation]]></category>

		<guid isPermaLink="false">http://www.companiesmadesimple.com/project/blog/?p=242</guid>
		<description><![CDATA[As we have commented on a number of occasions on this blog, what your company looks like at the point of launch, will probably be very different from what you originally thought at the point of company formation. In this &#8230; <a href="http://www.companiesmadesimple.com/project/blog/company-formation-the-importance-of-suppliers/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p>As we have commented on a number of occasions on this blog, what your company looks like at the point of launch, will probably be very different from what you originally thought at the point of company formation. In this post, we catch up with Laura Andrews – CEO of recent company formation Beautifully Organic – as she learns that the site she has tirelessly worked on for four months, may not be as great as she originally thought.<br />
“Uh-oh – the site need to be completely redesigned.”<br />
This is not the best news to receive a couple of weeks away from launch, when you have invested a lot of time and considerable resource into a predominately online business. So as you can imagine, I was not best pleased when our new web designer – and recent partner in the company &#8211; delivered this bombshell.<br />
When I first formed the company, I had a working knowledge of online marketing, but not the technical aspects of getting a site online and making sure it performed and functioned well as an e-commerce platform.  Therefore, I completely trusted the designers I was working with. Now that the relationship has dissolved and I have taken on a new media company – the CEO of which is the non-executive director of my business – a number of technical flaws have been identified and they have suggested that rather than fix the original system, it would be better to completely redesign it.<br />
However, it is not commercially viable to delay the launch of the site further ,due to all the promotional activity we have planned in the run up to the launch. Also, while the site maybe have a number of flaws on a management and technical level, from a user’s perspective – as the focus groups I have held confirmed – the content and user ability of the original site is great.<br />
Therefore, I have made the important decision to continue with the scheduled launch date. The work on the re-design will begin now, but we will  launch that version in the New Year. Not only will this strategy ensure that all the promotional activity I had planned is not a complete waste of money and time, it will also provide us with the opportunity to ask our customers what they think could add value to the ‘user experience’ on the site.<br />
This is a set back and I would advise all entrepreneurs considering company formation to take the time to thoroughly investigate the suppliers you intend to work with, before committing to anything. Or –like me – you will pay for it later.</p>
<p>Laura.</p>
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		<title>The Trials and Tribulations of Company Formation</title>
		<link>http://www.companiesmadesimple.com/project/blog/the-trials-and-tribulations-of-company-formation/</link>
		<comments>http://www.companiesmadesimple.com/project/blog/the-trials-and-tribulations-of-company-formation/#comments</comments>
		<pubDate>Tue, 15 Sep 2009 09:41:13 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[The Diary of A Company Formation]]></category>

		<guid isPermaLink="false">http://www.companiesmadesimple.com/project/blog/?p=238</guid>
		<description><![CDATA[In yesterday’s post, Laura Andrews – who has recently formed her own company – explained the frustration she felt at the way in which larger companies treat start ups. In today’s post, she explains how this has extended to her &#8230; <a href="http://www.companiesmadesimple.com/project/blog/the-trials-and-tribulations-of-company-formation/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p>In yesterday’s post, Laura Andrews – who has recently formed her own company – explained the frustration she felt at the way in which larger companies treat start ups. In today’s post, she explains how this has extended to her suppliers and marketing agency.<br />
Working in the retail sector for a number of years, I am well aware that customer service in this country is a lost art. However, I was completely shocked at the poor level of service and client care given to start up companies in the business to business sector.<br />
Okay, so as a start up budgets are tight and the amount we order may be lower than what some of these larger organisations are use to, but is that really an excuse to ignore your client and in some cases, regard the business they are giving you with contempt? I think not. Are these organisations really so short-sighted that they can’t see that in a couple of years, when we are more established, we may be making large orders and driving a lot of business their way? Well, I will certainly be remembering the good and bad service we have received this week as our company grows!<br />
There are a number of incidents this week that have caused the above rant; namely our marketing agencies lack of client care and our printer’s inability to deliver anything to a deadline.<br />
On some level the blame lies with me. Before forming my own company, I thought that everyone had a similar work ethic as me; do what you say you are going to do, when you say you are going to do it. However,  I am afraid that is not the case. When you are starting your own company you really need to keep on top your suppliers at all times, check and re-check deadlines and ask for progress on a weekly basis.<br />
Moving forward, I have decided to risk being thought of as a nuisance, to get what I want. The best suppliers will understand as they will be professional enough to identify a potentially long-term customer.<br />
Anyway, apart from all this, we did have some good news this week. Since forming the company, I have learnt a number of key lessons, one of which is that when you are so close to a project, it is difficult to focus on the long-term Therefore, I decide to approach a colleague I have known for some years who has considerable experience in the sector to become a non-executive director of the company. Hopefully, she will provide strategic insight and provide us with contacts that will help grow the company. This should all be signed today, so more about our non-executive director and the role I hope she will play in our company later!<br />
Laura</p>
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		<title>Company Formation Catch Up &#8211; The Art of Negociation</title>
		<link>http://www.companiesmadesimple.com/project/blog/company-formation-catch-up-the-art-of-negociation/</link>
		<comments>http://www.companiesmadesimple.com/project/blog/company-formation-catch-up-the-art-of-negociation/#comments</comments>
		<pubDate>Mon, 14 Sep 2009 09:37:58 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[The Diary of A Company Formation]]></category>

		<guid isPermaLink="false">http://www.companiesmadesimple.com/project/blog/?p=236</guid>
		<description><![CDATA[We have finally signed off on the site design – it is exactly what we wanted and I am really glad I invested the additional resource into making sure it was perfect! So, with the site ready to go live &#8230; <a href="http://www.companiesmadesimple.com/project/blog/company-formation-catch-up-the-art-of-negociation/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p>We have finally signed off on the site design – it is exactly what we wanted and I am really glad I invested the additional resource into making sure it was perfect! So, with the site ready to go live we were ready to begin our major PR push. This didn’t go exactly to plan as we sat down to establish the final commercials with Woods PR . . .<br />
From the point of company formation, we always prioritised PR as one of the most important activities in our marketing budget; therefore, over the past few months we have briefed and met with a number of PR agencies. In the most part, these meetings have left us feeling de-motivated. Then we met with Mary Woods – CEO of Woods PR – and we felt that we had finally found an agency that understood our brand and have the knowledge and experience to find the best route to market for our company.</p>
<p>We were in the final stages of negotiation and had a meeting to finalise the commercials, unfortunately as a result of that meeting we have decided to walk away. Ultimately, the main reason for the collapse of the relationship was a lack of communication.<br />
When we initially briefed the agency, we made our budget and the return on investment we expected, extremely clear, and they appeared to agree. However, the commercials they offered at the beginning of the deal, compared to what they were then demanding, were miles apart.</p>
<p>From my experience of working in the beauty PR industry for a number of years, I was well aware of what activity would secure the most coverage of a new brand launch. Therefore, in order to keep costs down, it was agreed that I would complete a lot of the pre-launch activity myself – with the agencies guidance. Consequently, I sent over numerous press releases and ideas for them to progress and was disappointed to find out that nothing had been done with any of them. While this was not the best start to the meeting, I also believe that the agency made a number of key mistakes in their negotiation.<br />
Most importantly, they completely overestimated the strength of their position; they thought that as PR was so important to our initial marketing plan and we were so close to launch, they were irreplaceable. I have noticed that this is the way many larger corporations treat SME’s.<br />
Secondly, they established from the start of the meeting that they were completely unwilling to negotiate and that their offer was final. This is a mistake I have seen many business professionals make in a negotiation. If you don’t give your opponent any other options other than to walk away from the whole deal, it likely that they will and we did!<br />
It is a shame we wasted valuable marketing time, however, we are now more confident than ever that we can make a success of our business ourselves and while we will probably outsource some PR and Marketing activity, we have learnt that it is vital to stay involved in all areas of the business – even if you are paying someone else to manage them.<br />
Laura</p>
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		<title>A Day In The Life Of A Recent Company Formation</title>
		<link>http://www.companiesmadesimple.com/project/blog/a-day-in-the-life-of-a-recent-company-formation/</link>
		<comments>http://www.companiesmadesimple.com/project/blog/a-day-in-the-life-of-a-recent-company-formation/#comments</comments>
		<pubDate>Fri, 11 Sep 2009 09:43:20 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[The Diary of A Company Formation]]></category>

		<guid isPermaLink="false">http://www.companiesmadesimple.com/project/blog/?p=240</guid>
		<description><![CDATA[I have been so busy over the past few days; we have held our two focus groups, hired two regional managers and begun to look for office space – who ever knew forming your own company could be so hectic! &#8230; <a href="http://www.companiesmadesimple.com/project/blog/a-day-in-the-life-of-a-recent-company-formation/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p>I have been so busy over the past few days; we have held our two focus groups, hired two regional managers and begun to look for office space – who ever knew forming your own company could be so hectic!<br />
Focus Groups<br />
As I mentioned in my last post, the website is still far from being ‘launch ready’. I had a number of new ideas I wanted to incorporate and so did a number of the people I asked. Therefore, I thought that before I briefed the designer for the final time, I should get the opinions of some prospective customers.<br />
I held two focus groups – one for industry professionals and one for consumers. The results were astonishing! What really surprised me was the fact that, despite all the usability studies and experience, most people who work in the industry still have no idea what drives a consumer to purchase online. While we didn’t completely re-design the site after the meetings, we did make a number of key amends!<br />
Staffing<br />
When I originally started the company formation process, I really thought that I we would be able to operate with a skeleton staff. However, as interest has grown unbelievably in the brand – we have been approached by several large offline retailers who want to stock the product and advertise on the site – I have realised that, not only that we need to appoint a PR agency full time, but also that I could do with some regional sales managers.<br />
So, I have taken on &#8216;Woods PR&#8217; full time and appointed two regional sales managers – one for the north and one for the south. From previous experience, I know that one of the main things that causes inefficiency in a team is lack of communication. Therefore, starting as I mean to go on, I have committed myself to having a mangers meeting every month. At this meeting we will discuss what has been going on in each area of the business and focus our objectives for the next meeting. Hopefully this will make sure everyone is aware of what they have to do and when they have to do it by!<br />
Office Space<br />
Again, initially I thought that the company could more or less be run out of my home office; however, the past month has taught me that this is just not feasible. So I have started looking for a small office where would could hold meetings and operate out of.<br />
Can’t wait to get things moving and will report back on the progress!<br />
Have a great weekend,</p>
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		<title>The Diary Of A Company Formation &#8211; Marketing and PR</title>
		<link>http://www.companiesmadesimple.com/project/blog/the-diary-of-a-company-formation-marketing-and-pr/</link>
		<comments>http://www.companiesmadesimple.com/project/blog/the-diary-of-a-company-formation-marketing-and-pr/#comments</comments>
		<pubDate>Tue, 08 Sep 2009 09:34:24 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[The Diary of A Company Formation]]></category>

		<guid isPermaLink="false">http://www.companiesmadesimple.com/project/blog/?p=233</guid>
		<description><![CDATA[In Friday’s post, we introduced you to Laura Andrews, who recently formed her company ‘Beauty Organics Skincare and Cosmetics. The company has yet to be launched and we are going to join her on her journey to get her business &#8230; <a href="http://www.companiesmadesimple.com/project/blog/the-diary-of-a-company-formation-marketing-and-pr/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p>In Friday’s post, we introduced you to Laura Andrews, who recently formed her company ‘Beauty Organics Skincare and Cosmetics. The company has yet to be launched and we are going to join her on her journey to get her business off the ground.  In today’s post, Laura gives you an insight on how she planned to finance her company.</p>
<p>Week Two<br />
“Starting your own business is a massive commitment and once I had the idea for my brand and what I wanted to achieve, I knew it was time to start looking at how it was going to be financed. At this stage, though I had completed a basic business plan, I had no real idea of the market , my initial cost or &#8211; indeed &#8211; if the concept would be commercially viable.<br />
In my mind, I thought that the two main initial overheads would be production and marketing costs. I wanted the brand to be marketed primarily online, through online PR and pay per click. I knew from previous experience that the online cosmetic sector is highly competitive and therefore getting the right message in front of my target audience may be quite expensive.<br />
I decided that the first place to start would be to get some quotes from some web designers. As we wanted the website to be more than a brand platform &#8211; we wanted it our customer to be able to buy online – the brief was quite complicated. The price of all the quotes we received reflected this, however, there was one designer who was more reasonable and seemed to understand what we were trying to achieve, so we asked him to start work.<br />
The next thing was PR – I had worked with a number of PR agencies in the past and therefore, I was well aware that their services were costly. At this stage I knew that we wouldn’t be able to secure funding from a bank – the credit crunch had just hit and all we really had were a few projections. However, as luck would have it, we came into some additional funds and decided we would invest the money into the business.<br />
While the website was being developed, we switched our focus on to finding the right PR agency -at the right price. As budget was our main issue, I decided to approach the situation in a different way – I prepared a brief of our objectives and asked agencies to pitch for launch activity rather than the whole account. That way, I wasn’t making a long-term commitment and could get an idea of what the various agencies were like.</p>
<p>Before launch activity began, it was vital that we carried out some pre-launch PR and market research. Again, instead of outsourcing this activity, I decided to take matters into my own hands!</p>
<p>This was what I have completed so far, without the help of an expensive PR agency:<br />
- Sending samples to various celebrities<br />
- Drafting a press release and sending it out a number of high-end monthly magazines<br />
- Creating a ‘holding page’ website prior to launch with contact details, a place interested customers can insert their email addresses and our brand mission statement.<br />
- Identify our competitors and analyze their marketing activity.<br />
 <br />
During this time, I also created a more comprehensive business plan, detailing short, medium and long term projections and applied for funding at three major banks; I thought that the website, results of pre-launch PR activity and the substantial financial commitment that I had made, would be a more attractive proposition ,than when I had initially started the company formation process.<br />
The first two bank srejected our application -they felt that the proposition was still to ambiguous in the current economic climate &#8211; however, we managed to secure funding from the third bank.This additional revenue allowed me to expand my team – more of that later!<br />
Laura.</p>
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		<title>From Formation To Launch &#8211; The Diary Of A Start Up</title>
		<link>http://www.companiesmadesimple.com/project/blog/from-formation-to-launch-the-diary-of-a-start-up/</link>
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		<pubDate>Fri, 04 Sep 2009 09:58:20 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[The Diary of A Company Formation]]></category>

		<guid isPermaLink="false">http://www.companiesmadesimple.com/project/blog/?p=254</guid>
		<description><![CDATA[While the company formation process isn’t easy and presents many challenges – especially in the current economic climate &#8211; more and more people are choosing entrepreneurialism over the security offered by full time employment. But what does it take to &#8230; <a href="http://www.companiesmadesimple.com/project/blog/from-formation-to-launch-the-diary-of-a-start-up/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p>While the company formation process isn’t easy and presents many challenges – especially in the current economic climate &#8211; more and more people are choosing entrepreneurialism over the security offered by full time employment. But what does it take to get your business idea off the ground?<br />
We asked recent company formation owner, Laura Andrews, to keep a diary on how she started her business from formation to launch. Please find the first instalment below.<br />
Week One – Background<br />
I am Laura Andrews and you join me one year into the company formation process, with three months left to go before I launch my own company – Beautiful Organics Skincare and Cosmetics.<br />
I am sure you are thinking “Gosh that is a ridiculously long formation process!’ This is the result of the fact that I still have a full time job. It was tempting to throw in the towel and concentrate all my time, energy and money into getting the company off the ground, but ultimately, I felt that my business would have a lot greater chance of surviving, if I didn’t rush in and  I took the  time to plan, research and focus on finding potential routes to market.<br />
So who am I? I have been the online brand director of a large corporation in the cosmetics sector for a number of years and I had a baby last year. The defining moment that made me think I wanted to start my own company was when I went back to work after having my son; the demands of juggling a high pressure job with looking after a baby were proving extremely difficult. However, we couldn’t afford for me to stop working entirely and I still felt I had a lot to offer professionally. So decided to develop my own skincare brand and Beautiful Organics was formed.<br />
In order for you to get up to speed on everything that has happened along the way, in this post I want to outline my brand proposition and then over the next couple of weeks give you an insight on how we have managed all the various areas of forming a company;from finance to research and marketing.<br />
Here is our brand statement;<br />
• To make organic skincare accessible to everyone<br />
• To cut through the science and tell our customer what organic skincare can actually achieve.<br />
• To go beyond marketing and PR and establish the brand as a leading authority on organic skincare and cosmetics.<br />
And on a personal note, I wanted to work in something I was passionate about and have a more flexible working life. <br />
See you next time,<br />
Laura</p>
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