Blog - starting a business

4 Things You Should Ask For Help With When You Start A Business

25 November 2015

Starting a business shouldn’t be a lonely process. You may be the mastermind behind your idea, but when it comes to making it happen, it’s always good to seek help with areas you’re not familiar with. Not sure what you should ask for help with, or how to do it? We’ve made a list of four things you should ask for help with when starting a business.

  1. Testing your idea

Lots of people are unwilling to talk about their business idea for a couple of different reasons. Some people are unwilling to open themselves up to other people and risk their idea potentially being ridiculed. Others are afraid that someone will steal their idea if they talk about it.

The truth is, sharing your idea is an excellent way to gain feedback and someone may say something that inspires you to think of an angle you’d never have considered on your own. As far as stealing your idea goes, you are the ingredient that makes your idea unique and no one can replicate that. Also, people are probably far too busy with their own ideas to consider taking yours.

testing

  1. Not giving up

How can you ask for help with not giving up on your idea? This has its similarities with our last tip. By sharing your idea and getting your friends and family onside, you’ll create a support group that will help you to see your idea through. Sharing your plans means you’ve got a helpful bit of pressure to make it happen.

  1. Forming a company

There can be a lot of paperwork to navigate when forming a company. The time and hassle of getting to grips with all of the technicalities can be avoided by forming your company with an online company formation service. It’s really simple to do, and your company will be formed in 3-5 working hours. You can find out more about our online company formation service here.

  1. Marketing your company

Marketing is something that many business owners take on themselves, thinking it’s an area they can save money on. Unfortunately, these business owners will soon discover that even marketing basics, such as setting up social media accounts, take up a lot of hours that could be spent working on the business. Another good reason for asking for help with marketing is that experienced marketers can achieve results you might not be able to get on your own. Marketing could make your business a success, or a failure, depending on how well it has been done.

A good tip is to shop around for a marketing company. Ask other local businesses who they’d recommend and read any reviews about the company. This should help you to stay safe and spend your money on something that will give you a great return on investment.

Need help starting your business?

We care about your business and are here to help you succeed. At eformations, we offer a wide range of business services, from an online company formation service, to a London business address service, and much more! To find out more about how we can help you, visit our website https://blog.eformations.co.uk/or give us a call for friendly chat on 020 8232 5479.

 

7 Reasons Why You Should Start An Online Business

02 March 2015

If you’re thinking about forming a company, you’ve probably already considered using online strategy to help your business succeed, but how about starting a business exclusively online? There are many benefits to running a business in the virtual world, especially if your product or service lends itself to the online platform. Here are seven reasons why you might want to start an online limited company as opposed to a more traditional limited company.

If you are considering forming an online business, it is a great idea to register as a limited company because it gives protection to the trader and helps to establish a trust in the customer when purchasing something from an online trader.

  1. You can work from anywhere

One of the main benefits of starting a business online, is that you can work from anywhere in the world without needing a physical premises. However, some businesses benefit from the gravitas of having a business address. If you would like a business address, but don’t wish to rent premises, why not have a look at our business address service?

  1. You can get started on a shoestring budget

A traditional business would require premises, stock, and employees, which means a large outlay of cash before the business has even started! Setting up an online business greatly cuts these costs as all you need to start selling is a website. You can also cut costs by outsourcing tasks rather than taking on permanent employees. This will mean less paperwork for your business!

shoestring

  1. It’s simple to go global

Using the internet makes it easy to reach and sell to customers all over the world. However, if you do have the intention of taking your products and services global, be sure to look into the latest VAT legislation for the EU.

  1. There’s easy access to a huge number of potential clients

With a traditional business, you are often limited by your location and can only market to those within a small distance of your business. When you’re online, it’s possible to reach a far wider range of potential customers, which should hopefully result in more income!

  1. Digital marketing is affordable and effective

Traditional forms of marketing, such as newspaper ads, are always a bit hit and miss, as it’s difficult to accurately quantify results. Marketing online, through Google or on social media, is a great way to run low budget, well targeted ad campaigns with results you can easily analyse.

  1. Your business can be open twenty four hours a day

By having a website, your business can be accessed at any time of the day or night, which customers find incredibly convenient.

  1. Be more flexible

Most traditional businesses work between the hours of nine to five, or similar. When you run your business online, you can choose your own hours to suit you and your business’s needs. If you’re working from home, you’ll also have more time to spend with family.

Are you starting a business?

At eformations, we offer a company formation service that can be done online in three to five working hours. You can find out more about this service and get started right now by visiting this page: https://blog.eformations.co.uk/how-to-buy/

If you have any questions or would like to discuss any of our other services, please contact us for a friendly chat on 020 8232 5479 or visit https://blog.eformations.co.uk