How to Start a Business
If you are planning to start a business, then it’s advisable that you consider a range of business factors, if you want it to be successful.
If you are planning to start a business, then it’s advisable that you consider a range of business factors, if you want it to be successful.
This can include areas such as business planning, market research, how to target potential customers, finance, legal, etc.
To get started, read our 10 Steps to Starting Your Business »
Get a website
British online shoppers spent over £130 Billion in 2016 and sales are ever increasing with the rise and rise of mobile commerce.
Get a business plan
A business plan will help guide your business to success. It will make sure your business is headed in the right direction.
Get customers
Marketing your business properly will help you get results. Learn how to attract and keep customers.
Start Up Guide 10 Steps to Starting Your Business
1. Research Your Business Idea
You may think you have a brilliant product or service to offer. However, does anybody really want to pay for it?
2. Carry out a SWOT Analysis
This is a strategic planning method used to evaluate the Strengths, Weaknesses, Opportunities, and Threats involved in a business startup.
3. Decide on a Start-up Option
Will you operate a Start-up which is part-time, franchise, work from home, buy an existing business?
4. Choose Your Business Name
Choosing a dull, unoriginal business name could give potential customers the impression that you lack enthusiasm for your business venture.
5. Legally Form Your Business
Will you legally structure your business as a partnership, sole-trader or a Limited company?
6. Create Your Business Plan
This will act as a blueprint for the birth of your business and get you heading in the right direction.
7. Register Your Domain Name
The domain name (web address) that you choose impacts the way customers and search engines like Google perceive it.
8. Create Your Business Website
An online presence is vital for all businesses, even if they don’t sell online.
9. Get Your Finances in Order
The amount of money needed to start a business can vary, but a sound understanding of business finances are necessary for all businesses.
10. Find and Keep Customers
How you approach the sales & marketing of your business will be crucial.