As we grow up, we’re raised to believe we have to work for someone else. We’re asked what we want to do when we grow up and we’re given suggestions of largely employed roles. We go to school and are often encouraged to get qualifications for the sake of our CV and to appeal to recruiters, rather than emphasis being laid on the skills we pick up along the way for their own sake. However, it’s important to remember that you don’t have to work for someone else. You don’t need to go to a nine to five to do as someone else says and build their profit from your hard work. Instead, you do have the option of running your own small business instead. Who knows – this could expand to a large business down the line! But this, of course, is relatively new territory for most people. If you want to start your own business, you may not know where to start out. Here are a few pieces of advice that can help you along the way!

Consider Courses and Coaching

You don’t need qualifications to start a business. But the information you can pick up from courses and business coaches can really help to get you started out on the right foot. When you run a business, you’re going to have to have a vague knowledge of all the different components that will need to come together to help your business prosper and it’s a good idea to have insight into some of the basics for when you’re recruiting people who will generate your profits. You need to know what you’re looking for in a marketing manager. You need to know what you need in a copywriter. You should know what you’re looking for in a product design specialist, a customer insight manager, or a market research team.

Registering Your Company

Once you know what you’re doing and you’re ready to get started, you’re going to have to register your company. The way that you register your company will largely fall down to your own preferences and circumstances. If you want your business to be a separate legal entity to you, you will need to form a limited company. Forming a limited company is also commonly referred to as company formation, company registration, or company incorporation – so don’t get confused when you hear these terms interchanged. Engaging with this will make sure that all money, property, assets responsibilities and agreements purchased by, owned by, or agreed by your company are legally separate from your own finances and your own belongings. If things don’t go as planned your business begins to experience financial trouble or difficulty down the line, you needn’t be concerned about having to sell your personal assets or go into personal bankruptcy to pay off any debts that have been accrued.

These, of course, are just two steps that you may want to engage with very early on in the process of starting your own business. But they’re important! Laying the right foundations will help to get you started out on the right foot!