Starting up your own business can be stressful, especially if you’re doing it for the first time. There are many things to learn and do, which can make you feel as though you’re climbing a Everest without any tools at all. It can also be quite nerve-wracking, due to the uncertainty that new business owners face. Fortunately, we’ve come up with some tips to help make this easier for you, so hopefully you’ll have that business set up in no time!

Think about it

What services or products are you going to offer? Is there a gap in the market for this? Will you need to leave your current job to do so?

Before hurtling head first into the world of self-employment, it’s important to consider whether your idea is something marketable. Marketing something you’re uncertain about can be difficult – you need to make sure it’s something you can put your heart and soul into.

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Be organised

Organisation is essential when starting up your own business, in order to ensure that is as successful as possible. Make lists of what products and services you’ll offer and decide how you’ll market these. Set yourself goals and review how realistic they are. Organise your time to ensure you’re able to complete all necessary tasks effectively, and decide whether you need extra help. This will mean the business runs smoothly, so you can get the best results.

Get Social

Social media is a perfect tool to promote a new business. It’s easy, offers a range of options and, most importantly, it’s free. Having an online presence increases your outreach to clients and consumers, and also makes you look more professional and reliable. Tweet. Post a status. Blog. Get yourself out there.

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Do your research

Do you know how to do your taxes? Register a business? Manage legal requirements?

It’s important to research all of these aspects of business, in order to ensure you don’t come across any problems later on. Luckily, the internet is full of useful information, with government websites being particularly helpful. It may also be worth researching business on LinkedIn, to find real stories of how specific businesses were formed and what challenges they had. That way you’ll be clued up on starting up.

Consider costs

If your business requires an office to work from, you may incur extra costs including gas, electricity. That’s why it’s important to do your research, in order to keep these costs as low as possible. Personally, I think it’s a good idea to choose a company that considers commercial needs specifically. United Gas and Power, for instance, offers plans that can help your business to save money. Decreased costs means increased profits. Simple.

Do you have any tips for starting up a business?

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