Starting your own business

If you don't like the idea of working for someone else, starting your own business could be the solution for you.

Entrepreneurial schemes and enterprises are flourishing in Richmond. If you’re thinking about setting up your own business, there’s a range of information, advice and support available to help you.

It’s important to get the right advice so that your business has the best possible chance of success, for example:

  • Thinking through the development stages of your business idea, to ensure it can realistically work as a product or service
  • Protecting your intellectual property so nobody copies your idea
  • Researching and identifying your market audience and potential customers
  • Testing your product or service with real customers to check if there’s enough demand
  • Finding partners and suppliers, or other people who you may need to work with
  • Setting up the practicalities of your business, such as working out which legal and tax structures are right for you
  • How to take care of finances, administration and IT
  • Exploring different sources of funding and business finance e.g. from bank loans to government-backed schemes.

Where can I get more information and advice?

If you are considering starting a new business, there are lots of factors to take into consideration to ensure the best chance of long term success. There are many local and national providers of information and practical support. 

 

Local support for start ups

Useful links for information and advice

Business Support Helpline
Phone: 0300 456 3565
Web:www.gov.uk/business-support-helpline
Email: enquiries@businesssupporthelpline.org