GoSolo Blog - Page 7

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.