ARCH Entrepreneurs

Setting up your own business is a bold move and one that should be done with a lot of planning. Being your own boss is what most of us dream of, starting up your own business is this dream turning into a reality.

There are a lot of factors that are involved in setting up your own business and nothing should be done lightly. When you have your business idea in mind you should start to draw up a business plan. This business plan will include everything that you intend on doing with your business, all of the resources you will be using and all of the information, details and services that will make up every part of your business.

Armed with your business plan you can start putting all this information to use, starting, for example with choosing an ideal location for your business. When doing this you have to keep in mind your target market. If you are opening a nightclub for example, a location based outside of the town centre would be no good, you would need a prime location in the centre near to the pubs and bars. The same can be said for a clothes store; it should be located in the heart of the town centre rather than on a residential street.

When you have decided on your location, you should decide on, with the help of your business plan, aspects such as opening time and store hours. You also need to plan the layout of your business and take into account aspects such as your stock. How much are you going to need? How often are you going to have deliveries and where will you get this stock from? All of these questions will need answering when thinking of your business start-up.

The biggest decision when it comes to business start-up is always a financial one. If your business involves the selling of a product you need to have a clear idea of how much you intend to sell this product for, are you going to be introducing special discounts? If so what will these offers be? If your business involves a service, how much will you charge for this service? Every detail needs to be though about when involving business start-up. The wrong decisions at the business start-up stage can cause problems later on, making your business start-up not go to plan.

Before any of the above planning can be executed you need the right funding to get it all underway. There are many places and avenues that you can go to for business funding, such as bank loans, family/friends, credit cards, etc; however for business start-up the recommended form of business finance comes in the form of business angels. A business angel is an entrepreneur who has experience in building a business idea into a success. Business Angels started where you are now, with an idea. A business angel will help with your business start-up by providing you with the finance and help and advice that you will need in order to get your business started.

For more information about Business Start-ups get in touch with ARCH Entrepreneurs today and speak to a company who has many years of experience in helping business owners just like you get where they want to be.


ARCH Entrepreneurs