Starting or growing your business
Watch: Rockspur - a social enterprise helping people to live the way they want to.
Watch a transcript of this video:
Starting a new business is exciting and rewarding, but it's also full of challenges. It takes a lot of hard work.
Things you need to think about when starting a business include:
Location- are you going to work from home or rent a building or office?
Product- are you selling a product or service? Have you done any research to find out if people will buy your product? Why should people buy your product rather than another one?
Price- how much will your product cost? Is this more or less than other products?
Employees- will you be working alone or looking to employ people?
Tax- What business tax will you need to pay and will you need to be VAT registered?
A step-by-step checklist for starting a business is available from the Business Link website.
Growing your business
If you're thinking about making your business bigger, you need to make sure you're happy to balance the possible dangers with the possible benefits.
If you're happy that you want to grow your business, Business Link's growth plan can help you.
Business-in a box
Business-in-a-box is the place to go for information if you're thinking of setting up a business that makes money and has the good of the community at its heart.
Do you have any useful advice or experiences that could help others? Tell the website Editor or talk to other people.