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The day to day reality of business start-up

5 May

Starting self-employment as a sole trader, whether it’s as a window cleaner or dog groomer is a long process but completely worth it! It can be hard to know what to expect in the early days so we have spoken to Ritchie, a self-employed car valeter to give us some tips.  


Raising funds:
Your new venture may require specific equipment or start-up essentials and you need to find a way to raise the funds. You might start off by selling unwanted personal goods (I’d recommend your games console as you’ll have less time to play it if you’re committed!) or by asking family and friends for support. There are always start-up loans and banks but I was pleasantly surprised by the help I received from those around me.

Gaining new custosprayingmers: No matter what kind of day you’re having or what mood you’re in you must remain polite and presentable with customers. Those first impressions are critical to spreading news of your business and building your customer base.  Never let a customer down by arriving late and remember there are always competitor’s ready to fill your place if you don’t give good service!

Constant commitment: When I’ve finished valeting a car I can’t just make my way down to the pub. I’ve got to think about completing my paper work, meeting new customers, replacing stock and cleaning my equipment. Then there are other duties that might not have been thought of such as visiting the bank, training, buying new equipment and keeping up with industry trends. Just stay on top of your tasks and you will see great reward.

Getting support: It’s ok to not know some aspects of business start-up and there is plenty of support available out there. There are sites such as the HMRC site or organisations like Opportunity Plus (www.opsw.co.uk) that can offer advice or guidance.

It may seem like a lot of work but I LOVE working for myself. I get to meet people from all walks of life, earn my own money and see my business grow. I’m constantly learning new skills and surprising myself without dreading Monday morning!

You get what you put in, persevere through the start-up phase and you will succeed!

Check out Ritchie’s website at http://www.carcareplus.co.uk/

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Government Start-up Loans

26 Jun

Start-Up-Loans-new-logo

When starting a business you may find the start-up costs slightly daunting and may prevent you from going ahead with your idea, however there is help out there so don’t give up!

The government offer a business start-up loan service where you can borrow money to cover your start-up costs and also receive useful advice from experts. To help get your business up and running there are a few requirements:

  • You’re aged 18 or over
  • You’ve developed a business idea
  • Your business will be based in the UK
  • You are a UK resident
  • Your business has been trading between 0-24 months

The application will also require you to have produced a business plan and cash flow, which is essentially creating a more detailed plan of your business. You can find templates on their website, along with support. Alternatively you may be able to get help from one our enterprise coaches at Opportunity Plus can run through what you need.

Once you’ve been successful with your application you still get on-going support, and can pay the loan off over up to 5 years at a fixed interest rate.

Don’t think you’ll get accepted? Take a look below to see just how many businesses they’ve helped get going so far, or check out their website – https://www.startuploans.co.uk/

Don’t forget to think about how you’re going to pay the loan back, and only borrow as much as you need.

Start up loans

If you want support and guidance for starting your business then please get in touch on 0800 043 2440 or info@opsw.co.uk