"The businesses that thrive and last are those that take the time before launching to truly understand their product, market, customer, operations and ambitions."
It is very popular to want to be your own boss and start up in business. Working for yourself has many positives, freedom, flexibility; being the boss and doing something you love doing. But running your own business is not right for everyone, you will need family support, be prepared to invest time and energy, be self motivated, have bucket loads of tenacity and ability to review your progress and adapt as needed.
If you have an idea of what you want to do, here are a few points you might want to think about before taking the plunge:
Having got to this stage if you are still passionate about your idea then it is vital to consider how the business, when fully launched, is likely to work. Do this in the form of a business plan. Lots of organisations across the UK can help with this.
It is easy to open a business in the UK. However the businesses that thrive and last are those that take the time before launching to truly understanding their product, market, customer, operations and ambitions.
NatWest and RBS have the privilege of working with many start up businesses. We have teams of business managers across the country to help you consider taking those first steps. In the first half of this year we have helped over 54,000 start ups with banking facilities.
Click here to find out more about Small Business Advice Week 1st - 7th September.
We have Business Specialists to support new and existing businesses. They will help in all aspects of setting up your business banking and offer advice on a wide range of business needs you may have. To arrange an appointment with one of our Specialists please speak to Businessline on NatWest: (0345) 7114477 or RBS: (0345) 6002230.