Business owners have different backgrounds. Some are accountants, some are engineers, and some are tailors. It doesn’t matter what your occupation is, though; what matters is your state of mind. Do you have what it takes to lead your UK small business into success?
Our Wednesday Infographic today is all about how to finance your new UK small business. This includes determining your budget, finding a source of funds, and even saving for a rainy day.
Happy weekend to everyone! Any plans for today? Well, mine is to give you a few bits and pieces about the offline aspect of your UK online business.
TGIF! I hope you’re doing good with your UK home business. If you’re still looking to improve it, here are two tips to increase engagement. This is in continuation of the infographic just this Wednesday, which is about starting your business at zero cost. (If you missed it, click here to catch up). Read more
As a business, certainly you would want to make yourself known. That goes for every business owner, whether it’s a UK small business or a big-ticket international corporation. If you own a small business, you have an even greater motivation to do so. People must know that you exist, of course, before they can buy from you. Read more
This week’s infographic series is on easy, no-cost methods of beginning a UK home business. Today, we’ll talk about starting one at the price of nothing. Read more
Are you planning to start your own UK online business? If yes, then you have made the right choice. An online business is both convenient and flexible. However, just like any other business, you need to find a niche. It should be one that suits your personality and passion. The success of your online business will depend on that niche. Read more
I’ve been talking a lot about Clickbank UK recently: how to pick products, using statistics, and even understanding that thing called “Gravity”. I’m quite confident you learned a lot of things that you can apply to your own UK online business. But I haven’t told you yet what “affiliate marketing” really is. Read more
Happy weekend! I hope you’re having a relaxing time. Hey, everyone needs to recharge once in a while. You’ve been working hard all week, and you deserve a break. If you’re still thinking about kicking off your new UK home business, though, you’ve come to the right place.
You may still be wondering what are the first things you need to do to officially get your UK home business idea off the ground. In case you missed it, there are seven.
First things first
From the outset, you don’t need to do anything, except maybe get a bank account to track income and expenses. There’s no need to contact the tax man or register as self-employed until you start making sales.
If, however, you intend to start as a limited company, you should register your business immediately. It’s an advantage to have capital injection into your company formalised. Doing so, you can start expensing costs as you incur them. Keep a close record on the financials so your records don’t bleed out (aka your business drowns in debt). Also – and this is absolutely important – keep your receipts and invoices in a safe place for your accountant.
Depending on the kind of business you have, you may need external premises. When starting out, look for rented premises or serviced offices. When you are more established, you can then move into areas with more space and higher property value.
Otherwise, use your own home as your office, especially if you have an online business! If there’s not much space at home, you could have a space built as an extension of your house, to serve as your home office.
Build your workstation
Think about what equipment you will need to start off. Certainly you’ll need a computer, phone line, and printer (and lots of paper and ink). Landline phones are almost unnecessary these days, as mobile phones are just as good, and you can bring them anywhere. A good internet connection is a big plus; however, it’s a must for an online business.
If your UK home business has any specific requirements, invest in those equipment as well. For instance, you may need a graphics tablet if you’re a graphic designer, or a DSLR camera if you’re a photographer.
A vehicle is optional, but you may need it when your business involves selling any physical products. You could hire courier services to deliver the products for you; this is more convenient. Though if you want to ensure that your customers really get their orders, delivering them by yourself is also a good option. It also gives that personal touch to the delivery if your customer sees the business owner himself/herself bringing the order.
Hey, where’s the rest? Not to worry; click here to find them in the original article.
Would you like to know more about how to start a profitable UK home business?
Then head over to http://icopyit.co.uk to find out more from an expert. You can also copy his online business idea that’s proven to work!
And oh, don’t forget to apply for our small business tips newsletter and begin to learn more about how to make money online. Leave your details on this site and I’ll send you my free report; ‘Online Business Ideas’.
Every success to you,
TGIF! Today’s Friday Infographic gives you 3 tips for maximising productivity at home, perfect for owners of a UK home business.
About Peter Bright
Entrepreneur and Business Development Coach · Barcelona, Spain Several businesses including management consulting, social media, online businesses, property investments, passive income creation and second income creation.
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