I want to start my own business
Discussion
cptsideways said:
In what field?
Sure I can offer some advice somewhere....
Just a clue would help.........
I started my own business 7 years ago and can only say hard work/determination/bit of luck/right products/markets etc. etc. helps!
Leaflets and flyers are great if you are a landscape gardener, but if you intend to finance cars or run your own airline it may not be the best use of your hard earned cash - give us a clue.
Cool_Blue said:
Supporting people.........?
Anglegrinder Man Mk2, eh............?
OK. IT. Mainly home / small business
Difficult but not impossible. Bloody hard work for a few quid return. I know several people who thought they might stand a chance in that market who have since moved on.
Do you have a network of customers already?
mogul said:
mybrainhurts said:
Supporting people.........?
Anglegrinder Man Mk2, eh............?
Difficult but not impossible. Bloody hard work for a few quid return. I know several people who thought they might stand a chance in that market who have since moved on.
Do you have a network of customers already?
No but I'm forever doing jobs for others. I've nothing to lose really. If I could make £250 a week I'd be happy.
Go for it!
Be prepared to take the rough with the smooth and minimise all of your personal expenditure for the first 12 months to help see out the barron periods.
Pick your timing carefully. Try to get a client in position before handing in your notice if possible... that way you'll get some income straight away while your looking for other clients.
And finally, remember that running your own business means you only have to work half-days. Pick any 12 hours of the day you want!
Good Luck!
Be prepared to take the rough with the smooth and minimise all of your personal expenditure for the first 12 months to help see out the barron periods.
Pick your timing carefully. Try to get a client in position before handing in your notice if possible... that way you'll get some income straight away while your looking for other clients.
And finally, remember that running your own business means you only have to work half-days. Pick any 12 hours of the day you want!
Good Luck!
A guy who worked for me did just the same. 12 years of city IT support took its toll and he wanted a complete break. Left a highly paid managerial job to start a pocket money job.
When he resigned I told him he was doing what we would all like to do, but can not all afford to do. He has not looked back. He got a contract with a council near home doing IT support and has been building his own business up. I think its going well! Email me off line if you want more info.
When he resigned I told him he was doing what we would all like to do, but can not all afford to do. He has not looked back. He got a contract with a council near home doing IT support and has been building his own business up. I think its going well! Email me off line if you want more info.
Couple of bits of advice don't know if they are any help. Get a good accountant, doesn't need to be an expensive one, just someone who knows what they are doing (can save you a lot of money). If you go into partnership with anyone get a good agreement set up to cover any eventualities ( this could save you a huge amount of stress and hassle)
Be prepared for both the best days of your working life and the worst & with a bit of luck it will mainly be the former.
Be prepared for both the best days of your working life and the worst & with a bit of luck it will mainly be the former.
Talk to Ryan at www.latata.co.uk. His company will sort out a package to get you underway, from flyers, website, letterhead, business cards, you name it.
Lee
Lee
It is not sufficient merely to be good in your own field of work and feel confident that you can do better than others.
But moreover you require a realistic business plan, the desire and sometimes sheer dogged determination to follow it through, ability to work on your own initiative, self motivation and ability to cope with a somewhat lonely existence in the early stages, not too proud to take advice when needed, ready to take some knocks - pick yourself up and then learn from them, prepared to dilgently be involved in all aspects of the business - even the mundane and boring!...and last but not least have a good funding base and take onboard very early on that cashflow is very much king!!
Done it myself, its an exponential learning curve bar none and it was the most satisfying and rewarding period of my working life!! (Aside from working with Adrian Blyth... of course!!)
PS: Cool Blue:- "Nothing ventured nothing gained"....Go for it!
apprentice
But moreover you require a realistic business plan, the desire and sometimes sheer dogged determination to follow it through, ability to work on your own initiative, self motivation and ability to cope with a somewhat lonely existence in the early stages, not too proud to take advice when needed, ready to take some knocks - pick yourself up and then learn from them, prepared to dilgently be involved in all aspects of the business - even the mundane and boring!...and last but not least have a good funding base and take onboard very early on that cashflow is very much king!!
Done it myself, its an exponential learning curve bar none and it was the most satisfying and rewarding period of my working life!! (Aside from working with Adrian Blyth... of course!!)
PS: Cool Blue:- "Nothing ventured nothing gained"....Go for it!
apprentice
flyers are a great way of getting your message out there but perhaps not through the newspaper, can be a bit haphazard especially when people shake papers over the bin
defining your target audience specifically will save you money in the long run
Apparently I can't promote my own business on here but check out my profile and perhaps you may stumble across my website
defining your target audience specifically will save you money in the long run
Apparently I can't promote my own business on here but check out my profile and perhaps you may stumble across my website
Word of mouth is important, maybe a small advert in the local press and a web page can be excellent too, if done well and it needn't cost a fortune.
Keep any letters from clients' who are pleased with your work, that can also help.
Talk to the Council about grant funding (this may even help with your advertising and capital costs) and, as said by others, get a good accountant.
Above all enjoy being your own boss.....
Keep any letters from clients' who are pleased with your work, that can also help.
Talk to the Council about grant funding (this may even help with your advertising and capital costs) and, as said by others, get a good accountant.
Above all enjoy being your own boss.....
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