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Guest Mickyblueeyes

Starting your own Business

By Guest Mickyblueeyes, in General Chat

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Guest

Guest

Posted
Posted

I had my own business in Leicester.

my advice - be ready for 24/7 work. negotiate on everything and don't be afraid of saying NO.

you can make good money working for yourself, you can be happy working for yourself but you will also be tired and stressed. If you're married make sure that your realtionship can put up with it.

Claim everything on expenses and get the receipts to prove it.

Guest

Guest

Posted
Posted

Don't mention print otherwise we'll get poems in this thread.

Zingari

Zingari

Posted
Posted

Are you desp’rate, in need of a loan?

The banks won’t throw you a bone?

If you've got an idea

How to make good cheap beer

Zingari will finance it full blown

Babylon

Babylon

Posted
Posted

Just about to start :D

Again you should let us know what your place can do, where you are etc. I outsource a fair amount when we get busy.

Guest Mickyblueeyes

Guest Mickyblueeyes

Posted
Posted

Or, if like most new start-ups you are seeking a budget option, you can get the lot from me. :cool:

Apologies Babs and Bay.

I will be sure to contact you three once I have the capital to! I am looking for a logo design at present (I have a name already.), this can wait as I am just trying to establish if a) the service is wanted b) if the costs can be covered by the plan I want to put in place.

The business I am looking to progress is one which is rarely offered to the consumer. It is basically a one stop shop for all needs in the market.

The business is basically a combinations of business under one roof and therefore takes shape through different strands. If one strand has a hard year it can be supported by the other strands (or so I hope)

It allows me to take into account fees from the various areas to offer lower costs then my average competitor and takes into the changing face of the industry I am going into.

My wife is in the same industry and one way to combat the long strenuous hours I will have to put in especially at the beginning is to make into a family business which my wife is interested in doing. We both have experience of the different areas and it combines well to business model.

I have been thinking about doing something along these lines for a year and half now and in order to do it and at the same time feed my family may mean working 7 days a week as i am doing at present.

As the business takes off I'll definitely give updates as to the progress I am making and the difficulties faced.

By the way does anyone know of any good website designers? Who offer advice on SEO and general maintenance as well preparation package from scratch?

Guest

Guest

Posted
Posted

I will be sure to contact you three once I have the capital to! I am looking for a logo design at present (I have a name already.), this can wait as I am just trying to establish if a) the service is wanted b) if the costs can be covered by the plan I want to put in place.

The business I am looking to progress is one which is rarely offered to the consumer. It is basically a one stop shop for all needs in the market.

The business is basically a combinations of business under one roof and therefore takes shape through different strands. If one strand has a hard year it can be supported by the other strands (or so I hope)

It allows me to take into account fees from the various areas to offer lower costs then my average competitor and takes into the changing face of the industry I am going into.

My wife is in the same industry and one way to combat the long strenuous hours I will have to put in especially at the beginning is to make into a family business which my wife is interested in doing. We both have experience of the different areas and it combines well to business model.

I have been thinking about doing something along these lines for a year and half now and in order to do it and at the same time feed my family may mean working 7 days a week as i am doing at present.

As the business takes off I'll definitely give updates as to the progress I am making and the difficulties faced.

By the way does anyone know of any good website designers? Who offer advice on SEO and general maintenance as well preparation package from scratch?

I think paying for a logo is the road to disaster.

Create it yourself and if you can't go to a local secondary school/college and speak with the staff, a teacher will then seize on it as a class project and you'll be surprised at the range of ideas that you get from the students.

Similar with a website. create your own. there are a load of WYSIWYG creator sites that are easy to use and very very affordable.

Monk

Monk

Posted
Posted

I started my own consultancy about a year or so ago, and so far it has gone really well. I'm earning more than I've ever earned, but receiving payments from clients (large financial services organisations) is a really ball ache. Cash is king and there are periods over the last year where I've really struggled to make ends meet. Currently owed £25k by a client... and they're just sitting on the invoice right now.

Hard to give advice without knowing too much about your business idea, but I would first of all recommend you read the following books. If you can only read 2 make it numbers 3 and 4:

My advice is this - keep your initial costs as low as possible and get your product to market as quickly as possible. The sooner you earn the sooner you can ramp up. Don't wait for perfection before launching.

Also, you mention competing on price. Be aware that this is a dangerous road, as you will get competitors who try to undercut you, margins will narrow and before you know it you've cannibalised your sector. Be sure to offer a great product and focus on the value it will create for the buyer rather than the 'features' of the product or service.

Resources:

The only other thing I would say is to learn to separate your business and personal life. That includes space in your house. If you don't do this, you will never be able to put work down and life will be MISERABLE.

Enjoy.

Daggers

Daggers

Posted
Posted

Again you should let us know what your place can do, where you are etc. I outsource a fair amount when we get busy.

I will be sure to contact you three once I have the capital to!

I'd pass on me for the min - I'm still setting things up. I'm sure I'll let people know when I'm ready :D

Babylon

Babylon

Posted
Posted
Resources:

Or speak to me as I specialise in Business start-up packs.

:D:ph34r:

FoxesAreBlue

FoxesAreBlue

Posted
Posted

As a few of you know I left a well paying job last year to set up on my own. Well at the start of this month I went back.

I'm still running my business on the side to get a bit extra cash but now I work 15hrs a day during the week and 10-12 hours a day at the weekends. To say I have no social life at the minute is a gross understatement.

That said, I have learnt from my mistakes so now I will return to work, build as much cash-monies as I can and almost re-start the business.

Daggers

Daggers

Posted
Posted

As a few of you know I left a well paying job last year to set up on my own. Well at the start of this month I went back.

I'm still running my business on the side to get a bit extra cash but now I work 15hrs a day during the week and 10-12 hours a day at the weekends. To say I have no social life at the minute is a gross understatement.

It's good prep for when you have kids.

Smudge

Smudge

Posted
Posted

I started my own consultancy about a year or so ago, and so far it has gone really well. I'm earning more than I've ever earned, but receiving payments from clients (large financial services organisations) is a really ball ache. Cash is king and there are periods over the last year where I've really struggled to make ends meet. Currently owed £25k by a client... and they're just sitting on the invoice right now.

Hard to give advice without knowing too much about your business idea, but I would first of all recommend you read the following books. If you can only read 2 make it numbers 3 and 4:

My advice is this - keep your initial costs as low as possible and get your product to market as quickly as possible. The sooner you earn the sooner you can ramp up. Don't wait for perfection before launching.

Also, you mention competing on price. Be aware that this is a dangerous road, as you will get competitors who try to undercut you, margins will narrow and before you know it you've cannibalised your sector. Be sure to offer a great product and focus on the value it will create for the buyer rather than the 'features' of the product or service.

Resources:

The only other thing I would say is to learn to separate your business and personal life. That includes space in your house. If you don't do this, you will never be able to put work down and life will be MISERABLE.

Enjoy.

I'm please it's going well for you, consultancy is a hard sell in a depressed economy.

I would add that being self employed and running a a business with substantial overheads are not the same thing. I'm not quite sure what the OP is going into with one stop shopping but unless it's a market stall or internet an business, he's going to be paying somebody a rent with attendant costs. landlords want a commitment, usually a minimum of 2 years.

cambridgefox

cambridgefox

Posted
Posted

FFS... is everyone in print on here lol

Nearly,sell packaging including Litho and flexo boxes.Not in your area but i have been headhunted by a company in Leicester,interview in a couple of weeks.Interested to hear what they have to offer,but my boss has said he wants me and the other sales guy to buy him out soon,so would have to be exceptional.Cant believe how many of us deal with print,although a nice litho box gets me firm!
FoxesAreBlue

FoxesAreBlue

Posted
Posted

Come July I will need some flyers and business/loyalty cards.

Currently, I use the printing shop on Mansfield St as its conveniantly locTed between The Gym where I work and where the car is parked. Let the bidding war commence......

Bayfox

Bayfox

Posted
Posted

www.signpromotions.co.uk for anyone interested, trading for over 25 years, family business based in melton main business is signage, internal/external, illuminated or non-illum, but also do vinyls graphics, for cars, vans etc, you can find more info on my website.

also about to install a digital latex printer, 1600mm wide prints possible on same day basis in some cases, as we don't have to outgas due to water based inks not solvent, can post more on this next week as install is Tuesday.

Oh as for website, if you don't want to do it yourself try eazytiger in syston they did ours from no concept at all.

goose2010

goose2010

Posted
Posted

Yeah I'm in the print world as well large format designer and printer! Seems like it is a popular trade amongst foxes! Maybe we should have our own thread to see if any jobs could be past around? Our companies do a lot of buy troughs and do good prices for trade customers

  • 1 year later...
Stadt

Stadt

Posted
Posted

I've been thinking about setting up a business or a website, I'm 15 (16 this month) so I literally have no overheads at all - the only problem, I have no idea what to do! :D

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