Here's a bit of advice if you want to set up your own company in Seattle

Setting up your own company can be really scary; especially for people to the world of work and aren't that sure how to get the ball rolling. I mean, where should you start? Should you focus on marketing or product development or even hiring staff?

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

So for graduates or current students living in the Seattle area, here are a few top tips 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 spending money and time on. This is quite obviously something you should know before opening your doors and starting your business. Hence, experts at us.officebroker.com have compiled at list of things to think about:

Firstly, take the advice of someone totally impartial. Just because you want to invest in the business doesn't make the business a good investment. You can't just rely on your mum; you need to research the market and even talk to people with some experience of your particular industry. These are the type of people to talk to and listen to as they can assess your business and tell you how to move forward with it. Another option is trying to get a business loan from your bank manager, if they give you the money then you will immediately know that someone else values your company and thinks it is worth investing in.

Then start to think about how many customers you may have or how many products, etc, you are likely to sell. You should have an accurate idea of how much of an income your company is likely to have and even how busy your employees are going to be. If you do this you will be able to...

...work out exactly how much money your company is likely to make. Are you going to be making seventy grand per annum, or maybe it'll be twenty instead? Using these figures you will then be able to work out at what point your company is likely to break even, recover your investment and even how long until you make a profit. You really don't want to go speeding off and spending money you haven't got but instead you need to have a specific budget and only spend money when it is necessary to do so.

Afterwards, think about your overheads. If you are going to be taking Seattle office space, perhaps from us.officebroker.com, then how much will it be to rent? And exactly how much square footage do you need? You should also think about how many workers you will have to employee to run your company and what amount of money will have to be set aside for wages. You may also want to think about whether your business will need staff on reception and staff for cleaning. All of these costs add up. You may also want to weight up the cost and benefits of working from Seattle.

Once you have considered this think about over outgoings, such as energy bills, building insurance, IT solutions and computer maintenance. And remember that when estimating a projection that you should always be conservative with projections of incomes and over-estimate any outgoings, if you do this you should have a picture of how well your company is likely to succeed within its 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.

Before anything read through this advice again only then should you take the first step with your company and take a viewing of possible Seattle offices.