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Starting a Business
A lot of people toy around with the idea of starting their own small business, but figuring out what steps to take is one of the biggest hurdles. The fact is, most small businesses start out with a simple idea. Whether or not that idea actually takes flight, however, all comes down to one word — ACTION!
Don't get us wrong, starting and running a small business doesn’t come without its set of challenges. We know because we did it! But if you have the drive, determination and the right attitude, this handy guide can get you on the path.
Like most things in life, we believe that entrepreneurship can be learned, you just have to be willing to put one foot in front of the other.
So what are you waiting for? You’re minutes away from planning, launching, and managing a successful small business. Just click on a sections to the left to choose a topic (or scroll through the whole page) and begin your journey of starting a small business today!
Setting up and running a small business is fantastic, especially if it’s your first business. Is it tough at times? Yes. But if you don’t build your dreams, who will? In a world that appears to be dominated by today’s retail giants, it’s easy to overlook the huge impact that starting a small businesses can have on our economy & in particular small artisan coffee shops are now winning over the larger Corporate Brands. The brave folks who open new businesses are the backbone of the UK's economy and the lifeblood of our local communities.
Is Starting a Small Business for Me?
In short – yes. The small business community is a diverse and epileptic collection of mothers, fathers, daughters and sons multi-generational businesses, one-stop shops, trendy boutiques, food trucks, bicycle shops masquerading as coffee shops, and more. These entrepreneurs come from every walk of life and their motivations for starting small businesses are as unique as the businesses themselves. If you’re reading this, chances are you’re looking to join their ranks, and we say: “Go for it!”
Becoming a small business owner is one of the most rewarding and inspiring journeys a human being can take. It provides you with a chance to be your own boss, take control of your financial destiny, and become a meaningful contributor to your local economy and community. There will always be a reason not to take the plunge. But if there is one rule of small business — and life — is that nothing will happen if you don’t make it happen.
Really Though, Is Starting a Small Business for Me?
Some people lean towards starting a small business because they seek freedom, others to fulfill their passions. Some entrepreneurs, however, are driven by a desire to build a legacy, one that that they can hand down to generations to come. Whatever your reasons are for reaching for the stars and aiming for the moon, before you start, remember, there is a dark side.
Often those same freedom-seeking, passion-driven individuals that started their journey filled with courage and optimism, become some of the most time-pressed and financially-stressed people out there. The flip side of getting to create your own wealth is that you are solely responsible for creating your own wealth. That’s right, it all comes down to Y-O-U.
At times, while you are starting a small business, it will seem like there is a brick wall in front of you, made up of all the different problems that will occupy your time and mind: a lack of funds, Licenses, regulations, tax worries, inventory issues, or a lack of customers. Concepts like “free time” and “the weekend” will take on a very different meaning. While the emotional ups and downs of cash flow management and customer service, may drain your will to live.
Taking the First Step Towards Starting a Small Business
There is a profound difference between a good idea and a thriving business, but as the saying goes: “A journey of a thousand miles begins with a single step.” At a certain point, turning your dreams into reality is as basic as putting a plan in place and, step by step, making it happen. The good news is that there has never been a better time for starting and learning how to run a small business.
One of the most important and often overlooked first steps when starting a small business is preparing a business plan. Many entrepreneurs who hear this might panic. And while the value of writing a business plan is often debated, those who complete them are nearly twice as likely to successfully grow their businesses or obtain capital compared to those who don’t.
Don't forget We will help you all the way.