How do you start a business?
Discussion
Can any of you great people give me some free and helpful advice please?
About a year ago, a friend and myself bought a load of vinyl cutting machines and materials, and set about doing a few graphics for our own cars, (i have experience doing this work)this led to numberplates and soon we were getting requests for the odd job here and there.
We then did a car, a lorry and a shop and have now completed a good number of jobs, all with perfect satisfaction for the customer.
We would now like to try and make a living from this, and to set up as a complete business with a unit and professional attitude.
A nice size unit has come available to us for £127 per week with rates and electric etc.
THE SCARY BIT
how do i ensure we have sufficient work and customers to
a. cover our costs
b. provide some form of wage
while i know we wont be a huge salary from the start, if we can make enough to do for now, that will be fine, its just a worry about taking a 12 month lease and not being able to meet that cost.
could we get a grant or help as a new venture?
how did you start of and what would you advice please?
while we have a nice flow of work now, it would not cover the cost of the unit right now, but i cant work it from my home and expect to do a good job or look professional
About a year ago, a friend and myself bought a load of vinyl cutting machines and materials, and set about doing a few graphics for our own cars, (i have experience doing this work)this led to numberplates and soon we were getting requests for the odd job here and there.
We then did a car, a lorry and a shop and have now completed a good number of jobs, all with perfect satisfaction for the customer.
We would now like to try and make a living from this, and to set up as a complete business with a unit and professional attitude.
A nice size unit has come available to us for £127 per week with rates and electric etc.
THE SCARY BIT
how do i ensure we have sufficient work and customers to
a. cover our costs
b. provide some form of wage
while i know we wont be a huge salary from the start, if we can make enough to do for now, that will be fine, its just a worry about taking a 12 month lease and not being able to meet that cost.
could we get a grant or help as a new venture?
how did you start of and what would you advice please?
while we have a nice flow of work now, it would not cover the cost of the unit right now, but i cant work it from my home and expect to do a good job or look professional
jamesuk28 said:
You could try an "option to break" clause in the lease after a set period, so you are not tied in to long. Consider setting up a LTD company to protect your arses, although this does have implications with taxation, PAYE etc (Eric)
Do your sums carefully, the do them again.
He who dares, Rodney, bonjour avec moi.
will we be millionaires this time next year ?Do your sums carefully, the do them again.
He who dares, Rodney, bonjour avec moi.
lol
thanks for the tips so far, its all very scary isnt it
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