business start up Tag

Step-by-step action plan to help you launch your business successfully Around 15% of the UK working population is now self-employed which represents about 1 in 7 workers. With more of us setting up our own businesses than ever before, taking the right first steps can make the difference between success and failure. Here's 5 steps you can follow to get your business idea off to a good start: 1. Clarity – It’s vital that you have clarity about your business. You need to be very clear about your product or service, your customer and your business strategy. This will involve researching the market and understanding where your business fits in that market. While it’s inevitable (and often necessary) that your business will evolve over time, it’s important you set some key goals, aims and objectives. Whatever your product or service, you need to identify the market you will serve and niche you...

[caption id="attachment_18555" align="aligncenter" width="500" caption="Going it alone"] [/caption] People consider self-employment for a variety of reasons. For some it may be the lure of freedom, the potential to earn more money or a way to do more of what they love. Others might consider self-employment in the face of redundancy or due a lack of employment opportunities. If you are considering self-employment as an alternative to traditional employment, there are a number of questions to ask yourself: Am I suited to self-employment? Do I have a viable business idea? Do I have the necessary skills? Do I have the finances to get the business going? Do I understand what’s involved? Do I have a business plan?   Although you don’t need to have all of the following skills and attributes to be successful in self-employment, your chances of success are likely to be greater if you: Have a vision Are passionate about your business idea Enjoy challenges Are comfortable taking risks Are self-motivated Are confident and...