2010, the year of graduation (for some of our readers!)... It's your year, to celebrate, shine, get connected, be professional... Now? Well, 42% of you reading this blog have told us that you have graduated and currently job searching, are you still out there?
So, as much as you feel like your life may have been turned upside down already, start turning your perspective on its head and why not try something new...
As opposed to using your time applying for more jobs, how many of you would prefer to be your own boss? Running your own business the way you want? If yes, then read on!
There are plenty of statistics out there which suggest that the reason that small start up businesses fail in the early years, this is not because the business idea is down to a lack of great ideas, but it’s more that preparation and planning (which is vitally needed) has not been done.
Unfortunately this is not the glamorous part (!) but below outlines the steps you need to take to help achieve your ambition – if you get them right it can help to achieve the success you are looking for:
1. Put together a 'plan for your business'
This is to help put structure and focus into your business. At the least it should identify: product/service, potential clients, business costs, pricing structure.
2. Business structure
Sole trader or Limited company? Consider cost implications of each including tax and legal issues.
3. Registering for VAT
Do you need it? Check out this site to help you determine if you think it is likely or not.
4. Choosing business advisers
You may be surprised at your own knowledge of accounting and insurance but it is a good idea to speak to the professionals first to ensure you begin on the right foot.
For a boost in the right direction, check out these videos about successful start-up's on the BBC website.
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