Start a business – it’s easy when you know how
Think of this page as resource with all the ingredients you need to start a business. We’ll guide you through everything you need to know – from conceiving an idea to good bookkeeping – so you can take that exciting, life defining leap with confidence.
Whether you want to take it slow, starting a business alongside your day job or you want to jump in head firs – you can get started from scratch today and be running your very own business.
Idea - What's it all about
Everything that was ever great started out as a simple idea. Have you got a solution to problem? Do you want to earn a living doing what you love? If so, how can you make it unique to the market? Figure out what you can offer the world and whether people would actually pay for it.
Research - Knowledge is power
Once you’ve got your idea down, you need to back it up with plenty of research. Knowing all you can about the industry you’re going into, as well as business in general, can mean the difference between success and failure.
Planning - Put it all together
Your business plan establishes what your business is about, who it’ll serve and, most importantly – how you’ll go about it. It’ll essentially form the framework on which you build your business. It can also be useful as the outline for your pitch to secure funding or get business partners on board (if you want).
Funding – Need a cash injection?
Unless you’re lucky enough to have some capital behind you, you may want to look into funding options such as grants, loans, investors, and crowdfunding to help get your business on its feet. Even if you’ve already got everything you need to start a business, it’s always recommended that you keep some cash backed up as a safety net.
Branding – Make your mark
We can’t emphasis enough how building a killer brand is the key to success for any business. Start off by coming up with a great name and logo that communicates what your business is about. Also make sure you invest in your web and social media presence to directly engage with your audience and convert them into paying clients.
Service – Get resourceful
Pad out your business with essential services (insurance, banking, legal & debt collection etc.) to gear your new business for success.
Structure - How will you operate
Sole trader or limited company. This determines your responsibilities, how your business will work legally and how you’re taxed. Weigh up the pros and cons depending on how you’d like to do business, then register with HMRC. If you want to Go Limited, we’ll even form your limited company for you!
Charge - Get the rates you deserve
What price tag should you put on what your business offers? Consider whether you’ll charge a flat fee or an hourly rate? What about your costs, upkeep, and the potential profit for want to make?
Accounting - Numbers matter
Accounting is a necessary part of business, but can be a daunting prospect for aspiring entrepreneurs. When starting a business you need to work out a system that works for you, or get an accountant on board to help you take care of it. (Psst… We specialise in helping startups succeed with the perfect small business accounting setup – so you can focus on the fun stuff!)
Just do it! - Be inspiring
Stop waiting for that mythical right time, and just take the leap! Following these steps, you’ve already laid the groundwork you need to start a business. We know the precipice can be scary, but there’s nothing quite like completely owning your destiny. Just do it. We promise you it’s worth it.
We’ve specially developed our service to help startups and small businesses flourish with a combination of accountants, support and advice – all in one place.