It can be a bit frightening and daunting to start your own company; particular for people new and inexperienced in the sector and who are not so sure how to get things accomplished. I mean, how do you start? Perhaps you should focus on hiring staff, market research or maybe even on product development.

Students will find this particular familiar, especially if you are one who has come to their final year of studies and is now thinking about the future. You may have all the theory from the books but you don't have the experience necessary to navigate the world of work.

So if you are a recent graduate and are living in Boston then here is a little advice to help you with your first steps in a new position and even to assess whether your idea for a business is in fact worth backing and spending time, not to mention money, on. Which you should know before you invest any money and start trading. As a result, staff at us.officebroker.com have helped me to come up some things to think about:

Firstly, take some advice from an impartial party. Just because you think the business is worth investing in doesn't mean it is. Don't just take the advice of a friend; instead ask a financial advisor or someone with experience in the sector. If there's only one thing you do then you should make sure you talk to these types of people as they can assess the profile you have made of your company and tell you whether it has merit. You could even see if your bank manager will offer you a business loan, if they give you one then their decision could indicate that your business has potential.

You should then estimate how many customers you are realistically likely to have or the amount of products you are likely to sell. You should have an accurate idea of how much of an income your company is likely to have and how busy and demand your employees are likely to be. By doing this you will then be able to...

...calculate exactly how much profit your business idea is likely to generate. Will you ideally make ninety grand or maybe it'll be closer to thirty? You will then be able to work out with some accuracy when it is that you will break even, recover your investment and even how long until you make a profit. You can't afford to spend your business income before it has developed but you should rather have a clear idea of when you should be spending money and when you should be saving it.

Afterwards, think about your overheads. If you are going to be taking a Boston commercial property, perhaps from us.officebroker.com, then how much will it be to rent? And exactly how much square footage do you need? As well, think about how many staff you will need to make your business function and how much their salaries will be for the year. You may also want to consider whether you will need reception staff and security staff. It all adds up. You may also want to think about how having an office in Boston will affect your outgoings.

After this consider other outgoing, such as commercial building insurance, energy bills, maintenance of IT equipment and new IT updates. And you also need to know that when you are creating a business projection you should over-estimate outgoings and under-estimate any income, by doing this you will have an accurate idea of what you are likely to experience during your first year. Doing your forecasts this way also makes you certain that any predicted profits are not because you have been over-generous and perhaps vague with you predictions.

First follow this advice and only then should you think about starting your company and book a timeslot for viewing possible Boston offices.