10 things anyone wanting to start a business needs to know

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The prospect of starting a business can be both exciting and daunting, with a myriad of questions and considerations to address before things even get off the ground. However, there are business owners out there happy to share their expertise with aspiring entrepreneurs.

James Dooley, the owner of PromoSEO, has taken a look into the top UK Google searches on starting a business and shared expert-level answers. He’s looked at everything from how to write a business plan to how to get a business loan and how to register a business.




Here’s what James had to say:

How to start a business?

James said: “The first step is to choose a business structure, such as a sole proprietorship, partnership, or limited company. You’ll need to register your business with Companies House, obtain the necessary licences and permits, and set up your accounting and tax obligations. Thorough market research, a well-crafted business plan, and securing funding are also crucial early steps.”

How to register a business?

The registration process involves choosing a business name, registering with Companies House, and obtaining a unique business number (a.k.a. a “company registration number”). Depending on your business activities, you may also need to register for VAT, PAYE, and other tax-related requirements.

How to write a business plan?

James added: “A comprehensive business plan should include an executive summary, company overview, market analysis, operational plan, financial projections, and a marketing strategy. This document serves as a roadmap for your business and can be used to secure funding from investors or lenders.”

How to get a business loan?

There are various financing options available, such as bank loans, government-backed schemes, crowdfunding, and angel investors. ‘The key is to have a strong business plan, financial projections, and a clear understanding of your funding needs,’ says James.

What is business insurance?

Business insurance protects your company from potential risks, such as public liability, professional indemnity, and employer’s liability. The specific coverage your business may need will depend on its nature.

How to advertise your business?

James added: “Effective marketing strategies can include a well-designed website, social media presence, local advertising, networking events, and targeted digital campaigns. Leveraging free or low-cost promotional channels can be a great starting point.”

What business to start?

James said: “The best business idea for you will depend on your skills, interests, and market demand. Popular options include e-commerce, professional services, trades, and food and beverage businesses.”

How to start an online business?


James added: “Building an online presence is crucial in today’s digital landscape. Key steps include choosing a business model (is it an e-commerce or a service-based model?), creating a user-friendly website, optimising for search engines, and leveraging social media and digital marketing.”

What is a business model?

A business model describes how your company will generate revenue and profit. It outlines your target customers, value proposition, revenue streams, cost structure, and key resources and activities.

What is revenue in business?

Revenue refers to the total amount of money your business earns from selling products or services. It’s the top line of your income statement and a crucial metric for measuring your business’s financial health and growth.

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