THAT LIGHT BULB MOMENT
If you’re planning for your business start up you’ve probably already decided the market you want to enter, however coming up with an idea is only a fraction of the task ahead. We can bullet point a few essentials and also set out how Magna Graphic Design can definitely help.
Take the time to try and establish where your custom is coming from and research where the demand lies for your specific product or service. New start-ups often jump in without taking time to think about who their customers are going to be. This essential step can be very valuable in firming up your ideas and nailing down the detail.
Do research around existing companies in your chosen field. Note down what the competition are doing and try to figure out how you can do it better. Work out if you can deliver something others cannot. It is a very good idea to bring something new to the table, to really stand-out and ultimately be successful in your business.
It’s also vital that should spend time researching ‘you’. Ask yourself the questions, be brutal, are you committed, passionate? Do you have the skills, what are your strengths and weaknesses and do they lend themselves to your chosen vision? There is plenty of support out there but identifying some of these areas at the beginning will highlight where that help may need to come from.
It can be overwhelming but Magna can certainly assist in several important areas, we can remove part of the headache and take some of the strain.
You should set realistic goals, be prepared to adjust, scale up or down and be generally flexible. Think about the possible challenges ahead, that said, it’s not always easy to cover every eventuality and the last few years have taught us all this valuable lesson.
Other aspects to consider:
- Register a name
- Draw up a business plan
- Set a budget and research funding
- Decide on a legal structure
- Research premises or work from home
- Registering as self-employed
- Register for VAT
- Bookkeeping
- Employment of staff
Of course, there are many considerably more exhaustive lists and a greater depth of information available out there. It can be overwhelming but Magna can certainly assist in several important areas, we can remove part of the headache and take some of the strain.
Your new business will require some additional help and Magna can provide branding, business cards, a website, social media assistance, email design, promotional material and packaging design. We will work closely and collaboratively with you to tailor a start-up pack for your specific needs and kick start your venture. So if you’re thinking of joining the 5.6 million private businesses in the UK, of which almost all are small and medium sized enterprises then please get in touch. We look forward to hearing from you.
