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
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,
So you have a unique idea. An idea that you think will make millions for your UK home business. The question now is, “Will the product be successful?” Can you just go ahead with creating a product straightaway, and expect the money to pour in afterwards? Read more
Happy Sunday to everyone! Our Author’s Pick for today is about starting a UK home business at no cost at all. Doesn’t that sound great?
Now you’re almost ready to begin your UK home business. You have an idea of what equipment you need, you have the capital on hand, you’ve decided on a name for your business, and you have products and services to offer. On top of that, you also did your market research, and have found out that your business model is viable, and you’ve also found a good client base.
Welcome to our Wednesday Infographic! Today’s topic is creating a competitive product for your UK small business.
When starting your UK home business, more often than not, it will involve some capital. Where can you source capital from, and how much do you need? These are two very important questions you have to address beforehand.
Welcome to another Author’s Pick weekend! I hope you’re having a great Sunday. Relax as much as you can, for tomorrow you’ll face another week full of opportunity for your UK home business.
Yesterday we talked about how you can start a business while keeping your job. Again, yes, doing both is entirely possible. Now that you’re convinced, you may be asking, “What kind of business can I start on the side?”
So, you work all day, but have this burning desire for financial freedom. Well, the sad truth is you won’t get there working for someone else, even if you win the lottery. And the sadder truth is, chances are you will be back to where you are financially, or even worse, within three years. You’ll have better chances by starting a home business in the UK.
Welcome to another Author’s Pick Weekend! This week, we give you a few tips and advice on what you need to do for starting a UK online business right away. Yesterday, we gave you a few quick tips to get your business started. Today, we’ll be giving some advice for those who want to start a UK home business right here, right now!
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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