• Tips for starting a small business in 2018
  • VIDEO: 5 essential tips for starting a business in 2018

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STARTUP TIPS: 5 killer essentials for starting a business

 

Video transcript

Congratulations on your business idea and for taking the first step! We know that taking the plunge can be daunting, so here's our 5 essentials to help you get started.

We know that taking the plunge and starting a business from scratch can be daunting, so we compiled five essential tips for starting a business that we hope will help you kick-start your new venture.

  1. Create a business plan
  2. Decide on a name and logo
  3. Get registered with Companies House
  4. Secure funding for your start up
  5. Don't give up

 

1. Create a business plan

This is one of the most important things when starting your own business. Spend time researching your target audience and analyse the market - is there a hunger for your idea.

There's a number of UK Government sites that can help you to assemble your plan. It'll take some time to do, but it will be worth it! 

 

 

2. Decide on a name and logo

Think about the your audience, how you want to be perceived and how people will search for your business online. This doesn’t have to be expensive, but it’s worth creating a lasting impact, so try to choose wisely. There’s plenty of online resources and sites that you can use to help create a logo, or ideas!

 

3. Get registered with Companies House

If you're starting a private limited company (but not as a sole trader or partnership) you'll need to head to Companies House online to register your business or get advice. You’ll also need to provide a company name and address, appoint directors and a secretary, and crucially, register for any taxes you are liable to pay with HMRC.

 

4. Get funding your business startup

Think about how you will fund your new venture. While there are government grants available to help get you off the ground, they often won’t cover everything you need. So for spreading the cost of big pieces of equipment for example, small business loans or finance can help.

 

5. Finally, don't give up

Starting your own business can be a long process, but the rewards of being your own boss will be worth it. You’ll only get back what you put in.

 

11 Ways to Make Money Work for Your Business

Why choose White Oak UK?

  • No red tape, so you can receive funds in as little as 24 hours
  • We accept 4 out of every 5 applications
  • Apply quickly and easily with E-sign loan documents
  • You’ll always speak to the same person
  • Free up cash flow for other areas of your business
  • Tailored finance agreements to suit your specific needs
Find out more

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