5. Open a bank account for your business
To protect your assets, it’s important to open and use a dedicated account for your business. It’ll also make it easier when it comes to sorting things like business tax relief and tax filing. Do some research to find the best startup business account – it might not necessarily be offered by your current account provider.
Unless you have the capital available, you may need a credit card. So long as you’re smart with what you’re spending, a credit card offers the added benefit of building your company’s credit history, which could help you to secure additional finance later down the line if required.
6. Set up accounting
This is a vital step that will allow you to record expenses and sources of income so you will have a clear and necessary understanding of your distillery’s financial performance. This blog on small business accounting is useful as a starting point.
7. Get business insurance
Just like licences, your business needs insurance to operate both safely and within the law. Good cover will protect your company’s financial wellbeing in the event that you suffer a covered loss. Make sure you read up on the different types and levels of business insurance and shop around so that you’re certain your policy offers the highest level of protection for you and your vital assets.
8. Define your brand
Along with your product, your brand is what will help you stand out and differentiate you from the rest. What’s your unique story? What colours will you use to represent your brand? What will your tone of voice be? These are just some of the things you’ll need to think about – but, putting in that extra effort to nail down your brand will pay dividends in the long run.
Premier Labels can help when it comes to designing labels that represent your brand and appeal to your target audience. We’ve got plenty of experience helping spirits brands make their products stand out and gain the recognition they deserve.
9. Start marketing!
With all the above sorted, now’s the chance to start shouting about your brand from the rooftops and drumming up some interest among your target consumers. Create a website; set up social media platforms to share company news and related, engaging content; and don’t forget traditional channels such as print magazine advertorials (especially local and/or distillery publications).
At Premier Labels, we use over 30 years' experience to help businesses to create the high-quality labels that their brands deserve.
We create designs using metals, embossing, smart tech, unique swing tags, or any combination of techniques that you'd like!
If you've got any questions, or would like to chat with a specialist member of our team, get in touch today. We're on hand to discuss how premium labels could make a difference to your unique brand.
Alternatively, give us a call on 01483 423424, or email us at firstname.lastname@example.org.