GoSolo Blog - Page 6

As a company that registers companies with Companies House, we get to meet a lot of business owners stuck at the very first step of a new company application—naming their business. 

Starting a business at any time carries risk, maybe more so when recovering from pandemic induced economic recession... or maybe not! You'd be surprised to find out that many successful businesses have been founded during a recession. 

There are some situations when it makes sense not to have a separate business bank account for your business transactions. However, our experience shows that for a growing business it becomes an inevitable necessity.

We have now introduced a new feature to our GoSolo app which auto-matches Invoices raised via GoSolo to the incoming payments. 

There is so much to think about when starting a business. If this is your first job or you are moving away from a corporate job, nothing quite prepares you for it. We recommend focusing on two main aspects.

If you are asking yourself, “Should I start a business?”, the answer is Yes! If you strongly believe in your idea, the best way to know whether it will work or not is to test it out.

We’re happy to announce that we’ve now added Transaction Categories to our banking app!

You wrote an invoice and expected to get paid right away...but, instead, the accounts department shot your invoice back at you and told you to correct all the errors? Indeed, there is something to know about writing invoices.

Let’s start with the finish line—when your company is registered, it will appear on the Companies House database, which allows you to start trading under the company name and open a business bank account.

The Number One question we receive here at GoSolo is whether to be a freelancer (“Sole Trader”) or to register a Limited Liability Company. The answer depends on your goals, your potential income level, and what kind of risks you’ll be accumulating to yourself in your business.

This is a story about GoSolo, we are a new kind of digital banking toolkit for startups. There is an army of you who want to start your own business, but historically very few do it. (21+Million vs < 770K or 64% vs 2%). Why? — Many reasons, including lack of knowledge, confidence and financial concerns. We want more of you to succeed in your ambition.