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Where are you in the process? You have an idea, a location, a target market, a product design, a price-cost estimate?
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- Work in the field for someone else first, acquiring knowledge about what's a good niche for your business
- Start a LTD company
- Don't take out a huge loan, use a small amount of your savings to start
- Bootstrap company profits for 1-2yrs to enable growth of company
- Avoid all recurring large costs (rent, staff) and your overheads will remain low
- You don't need a USP immediately but you do need one to grow properly
- Work in the field for someone else first, acquiring knowledge about what's a good niche for your business
Muc-ed-off
platypus
@dangeek
Thanks for dredging this thread up. I just came on here to post a current projects for the business I'd like to start but am feeling clueless about.