Whether you’re tempted by the cash or the chance to stretch your wings, many mums toy with the dream of starting a business from their kitchen table.
Running your own business can be a huge risk — but one that could pay off big time. Here are a few tips to set you on the right path:
3 Quick Tips to Kick Start your Business (Guest Post)
Start Online
The Internet creates unparalleled opportunities for the entrepreneur. It’s shocking to see business people who rarely use the web to their advantage. Online start-up costs are relatively low and, at the click of a mouse, even the smallest enterprise can make connections with customers and/or partners in any part of the world.
Social media allows you to grow a following and customer base fairly rapidly as well as to advertise your products or services to a potentially global market.
Sort Your Taxes
One of the most important tasks for any sole trader or small business is getting on top of their finances. Many London business owners unfortunately miss out on thousands each year due to not being aware that they were owed capital allowances.
These are sums that a UK business can take away from the overall corporate or income tax on its profits. If you’re all tied up in knots trying to understand the tax system, there are a number of companies (such as www.RiftUK.com) that can work out if you’re eligible for any money through capital allowances.
Be Patient
London is a city bursting with opportunities for new business, but this also attracts hordes of entrepreneurs trying to grab their slice of the pie. Competition is fierce in the Capital, so it’s important to be patient and not get too consumed with every step of your business plan.
For mumpreneurs in particular, trying to run a business as well as manage a home can be akin to running in a three-legged race. It’s important to go at your own pace, not try to Bolt your way to the finish line!
Every now and then, step outside of the box and dip into the resources that make you such a force in the family – your creativity, resourcefulness, people skills and great multi-tasking!
This is a guest post courtesy of our sponsor Rift UK
Hi,
This is worth sharing! Starting a business is very challenging not only for mumpreneurs but also for those who wish to venture in business. Reading tips, guides, and other motivational articles are very helpful.
Glad you found the article helpful, Lena!