subject: Have You got what it takes to start your own business [print this page] Have You got what it takes to start your own business
Have you got what it takes? Business skills training
You may or may not have any experience of working in, let alone, running a business.
Most people will find that there are things that are potential barriers to their success such as not having a good grasp of financial issues. However, not acknowledging that you need to get some help with skills development, training and how get get things done is probably the biggest one!
Just take a look at this list below and ask yourself honestly - do I have zero, poor, fair, good or expert knowledge of these topics?
Which ones are most important to your business, either in the beginning or longer term? Do you need to know it all yourself? Can you buy that expertise in? Can you consult an expert for free?
It's like conducting a personal inventory of your skill strengths and weaknesses so that you can prioritise, exploit or rectify them.
The nature of your business will probably necessitate your having some other specialist knowledge, but these are common to most businesses.
Business Activity
Researching your idea or market
Finding premises
Preparing a business plan
Preparing cash flow forecasts
Book keeping and accounting
National insurance, tax and VAT
Costing and pricing products and services
Designing or commissioning promotional materials
Dealing with customers
Selling and marketing
Dealing with staff - hiring, leading, managing
Purchasing and supplier management - stock, services, equipment, premises
Inventory management and stock control
Shipping and distribution
Business communication
Health and safety
Insurance and other legal requirements
E-commerce
Raising finance
Using technology to run your business
What next?
Once you have completed your inventory, write down an action plan about which gaps you need to bridge and how you might go about it. Then - just get on with it!
You will find that you never stop learning when you run your own business, and your needs may change over time
Browse our Business services resource directory, the training section, bookshop, and other areas of the site to build up your portfolio of helpers.
Where to get business skillstraining and help
Business Link run, or sponsor, lots of start-up courses. You can sign up on their website for updates and information on legislation that may affect you.
Your Bank may provide free advice, NatWest offers a pretty good and free e-course.
Government department websites are great sources of information, downloads and briefings.
A good Accountant will always keep you on the financial straight and narrow
Out-Law is a great source of legal information.
You may have friends or family members with specific experience, skills or expertise that can help.
You can research much of what you need on the internet - to find out how to surf properly, go to the using computers and the web page to find out about the free Intute course.
You could buy a few key books to help you study in your own time - browse in the New Life Bookshop for ideas. See our selection of titles ingreat books for budding entrepreneurs.
You could enrol on a course - online or classroom based. Check out our training help course finder pages to consider your options
The Trade Association Forum may help you to find training relevant to your industry sector.
Networking groups -the British Chambers of Commerce and other business support groups such as Enterprise Agencies often offer free or low-cost workshops and seminars. You can sign up to various industry body and special interest newsletters, most of which are free, so that you can keep up to date.
