How to set up and run a small business

You are here: Home » Start-Ups » Start Up Guide

Welcome to Bytestart’s Start-Up Guide, which features bite-sized guides on each aspect of the start-up process, from choosing your business name to setting up your first website.
Continue…

{ 0 comments }

Starting up a business on your own must be one of life’s steepest learning curves – and certainly one of the most challenging.

The start-up process will not only test your knowledge of your industry and your key skills, it will also teach you about yourself. By the end of year one, you will be considerably more self-aware.
Continue…

{ 0 comments }

Most small businesses set up as either sole traders, or limited companies. In this section of ByteStart’s Start-Up Guide, we look at the most commonly used business structures in the UK.
Continue…

{ 0 comments }

Whatever business you want to set up, the name you choose to represent your enterprise will be the first thing potential customers will notice about you. Therefore, your name should be memorable from the outset.
Continue…

{ 0 comments }

If ever there was a key skill you’ll need in your business – it’s planning. You can still be your own boss if you’re not the most organised of people, but you’ll find it a very tough slog.
Continue…

{ 0 comments }

One of the most annoying parts of running a business is having to hand over a large chunk of your profits to HMRC. Of course, this is a fact of life, and taxation is one area of running a business you really must understand.
Continue…

{ 0 comments }

Value Added Tax (VAT) is a charge on most goods and services sold in the UK.

Ultimately, the person who consumes the goods pays the tax. But to administer it, VAT is charged and reclaimed by every supplier down the chain.
Continue…

{ 0 comments }

If you become self-employed or a director of a limited company, you will need to complete a self assessment tax return every year.

The first step is to register with HMRC. It’s best to do this as soon as you start your business, but at the very latest, you must register by 5 October of the end of the tax year for which you need to complete a tax return.
Continue…

{ 0 comments }

When you start up your own business, one thing’s for sure – money isn’t going to be in abundance to begin with. It goes without saying that it will go a lot further the more self-sufficient you are in the early days. But if there is one area where it’s worth shelling out for professional help, it’s with your accountant.
Continue…

{ 0 comments }

When Lloyd George’s Liberal government first introduced National Insurance (NI) payments in 1911, the aim was to provide a safety-net for workers who fell on hard times.

The scheme took money out of workers’ wages, and in return they could get money from the government to pay for medical treatment, or if they lost their job.
Continue…

{ 0 comments }

When you set up a business, chances are you will take out some kind of business insurance – some types are mandatory, whereas others will provide you with peace of mind while you concentrate on building up your enterprise.
Continue…

{ 0 comments }

There are many different ways to raise money for your new business venture – certainly a lot more choice than just asking your bank for a loan.
Continue…

{ 0 comments }

If you’ve always been employed by someone else, managing your own business finances will be an interesting new experience for you!
Continue…

{ 0 comments }

In an ideal world, everyone who runs a small business would spend at least one day a week actively marketing or selling. Perhaps that’s why this is one of the areas you’re most likely to delegate to someone else.
Continue…

{ 0 comments }

Once your marketing efforts have generated you a list of prospects, it’s time to see them and get them to buy. The first thing to remember is that you’re not selling a product or service – you’re selling the benefits it brings to the buyer.
Continue…

{ 0 comments }

In the information age we live in, it’s business suicide to ignore the endless possibilities of the internet. In other words: Get yourself a website. It should be the first marketing task you carry out with your new business.
Continue…

{ 0 comments }

If your new business is a success, at some point you may find yourself wanting to take on some assistance.
Continue…

{ 0 comments }

One thing that often puts people off starting their own business is knowing they will need employees to deliver a good service, but are afraid of being an employer.
Continue…

{ 0 comments }

This is one of the key decisions you’ll have to make right at the start: where is the best place for you to locate your business? There are a number of things to consider before you get carried away with excitement and sign your first lease.
Continue…

{ 0 comments }