Start Your Own Business

Turn your idea into a business

A lot of the industry’s top players began at the bottom and worked their way up, many by starting their own business.

More than 500,000 businesses are started every year in the UK. Some people want to be their own boss; others, have a naturally entrepreneurial spirit, or perhaps have lost their job. If you have a passion you want to turn into a business, or have spotted a hole in the market, we are here to help you take the first steps to being your own boss.

You’ll need to do a lot of initial developing and planning, as well as researching your market. Find out who your competitors will be, and use them to identify potential customers.

See how some of the top in the industry made their start…

  • Sue Parfett
  • Mike Sunley
  • Kate Martin
  • Graham Sibthorp

There are a few basic things you need to decide upon:

  • What exactly will your business do?
  • How will you fund your business?
  • How are you going to market your service, and to who?
  • Will you need a business premises?
  • How long till your business starts turning a profit?
  • How long will you be able to run the business on your own? Do you need to consider hiring?
  • Practically speaking, you need to get busy. You’ll need to gather the funds to start up your business, register your company, find any necessary partners and suppliers, and draft up your business plan.

A business plan is an essential. It will help not only you to organise yourself, but will be a necessity should you try and secure an investment or loan from a bank.

A business plan can be between 20 and 50 pages and covers your objectives and strategy, as well as your sales, marketing and financial forecast. It helps you to:

  • Clarify your business idea
  • Spot any potential problems
  • Establish your goals
  • Measure your progress