Am I mad? Want to start Mktg Agency
Discussion
Hi guys,
I'm 22 and just finishing up my 4 year Marketing degree at Bournemotuh and, as expected, the job situation isn't fantastic at the moment. So rather than sit around and wait for the right job to come up, I've been thinking about setting up my own agency. It's something I wanted to do in the long run anyway, but always thought it would be in 10-15 years after working for someone else for a while.
Basically just after some advice, I'd be aiming for local businesses around my area, I've got an agency name/domain name and business mantra all set out, do you think it's possible?
What hoops would I need to jump through to be on the legal side of things for setting up a business?
Is this a logical thing to be doing right now? Or should I hold out for a "real" job?
Any advice greatly appreciated!
I'm 22 and just finishing up my 4 year Marketing degree at Bournemotuh and, as expected, the job situation isn't fantastic at the moment. So rather than sit around and wait for the right job to come up, I've been thinking about setting up my own agency. It's something I wanted to do in the long run anyway, but always thought it would be in 10-15 years after working for someone else for a while.
Basically just after some advice, I'd be aiming for local businesses around my area, I've got an agency name/domain name and business mantra all set out, do you think it's possible?
What hoops would I need to jump through to be on the legal side of things for setting up a business?
Is this a logical thing to be doing right now? Or should I hold out for a "real" job?
Any advice greatly appreciated!
4 Year marketing degree, one year's placement at major car manufacturer and a few months experience here and there in various integrated/digital agencies
ETA: Sorry, that doesn't really tell you what I know about marketing....I've always had a keen interest in marketing since early teens, following trends, new campaigns, channels etc. Knowledgable on digital marketing e.g. search/social and some email. Also quite creative and very driven.
ETA: Sorry, that doesn't really tell you what I know about marketing....I've always had a keen interest in marketing since early teens, following trends, new campaigns, channels etc. Knowledgable on digital marketing e.g. search/social and some email. Also quite creative and very driven.
Edited by jammiedodger26 on Monday 18th May 13:28
I've ran my own business and now work in a marketing agency (about to move to a new one) and would encourage you to just keep trying to get a job a the moment. You might be great at dealing with the marketing side of things but i'd wager that selling your service and dealing with angry clients would be a struggle.
If you really want to do down this route then I'd look for someone with experience who is out of work or looking to start on their own. Their experience coupled with your youthful enthusiasm could be a winning combo.
If you really want to do down this route then I'd look for someone with experience who is out of work or looking to start on their own. Their experience coupled with your youthful enthusiasm could be a winning combo.
Andrew[MG] said:
If you really want to do down this route then I'd look for someone with experience who is out of work or looking to start on their own. Their experience coupled with your youthful enthusiasm could be a winning combo.
That sounds like it could be a decent idea, just need to find somebody!Rico said:
Nothing to stop you setting up your own company and having a full time job to pay the bills. Just make sure your boss is happy about the side-line company and they don't compete.
Good point, so it might be worth setting something up to run in the background for a while?Well, the only way to see if it will work is to try it. Qualifications aside, at the end of the day you have to have a product people want to buy.
Just don't expect overnight results. The time from picking up the phone to getting an appointment to getting some work to completing the work to invoicing and getting paid for that work can be months. So keep your overheads as low as possible and try not to borrow money in case it all goes tits up.
Good luck
Just don't expect overnight results. The time from picking up the phone to getting an appointment to getting some work to completing the work to invoicing and getting paid for that work can be months. So keep your overheads as low as possible and try not to borrow money in case it all goes tits up.
Good luck
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