Starting from Scratch

So, you have a concept or business idea. You’ve tested it out using some form of market research. You know you have a prospective audience for your product or service. You’re working to solve a genuine problem by providing a viable solution.

Whilst success may not be guaranteed, you see plenty of opportunity for growth. It’s official, you have a potential enterprise. The question now is, how to start a business and run it successfully?

In the first instance most entrepreneurs write a business plan, usually to secure financing, but it is also requested by business advisers, vendors, partners, etc. There are hundreds of free templates available, all of which are pretty similar and relatively straightforward. The first lesson will detail how to create a business plan.

Furthermore, most businesses register as a sole trader, limited company, limited liability partnership or partnership, however other examples include a social enterprise, an overseas company and an unincorporated association. Lesson two will then guide you through these various options and help you understand what type of business should I set up as?

Business plan in place, most appropriate type of business selected, we then give an overview of what is required to register your business with Companies House.

Unfortunately, setting up a business is anything but easy to implement. Managing the finances while dealing with varying emotions can be very challenging. You’ll probably experience vast highs along with considerable lows.

So, to round up the course we will end by exploring some of the problems you might face when starting up a new business and provide some useful tips on Writing a Business Plan to Get Investors.