Is it Easy to Start a Small Business in Bath?
A lot of people dream of one day leaving their mundane day job and starting their own business from scratch. However, not many take the next step and dive into the unknown waters of running a small business or start-up enterprise. When it comes to starting a new company, we all need a helping hand and Aussie are champions of the local business community.
We’re here to help and this is some of our top tips for starting your own business in Bath.
Our Quick Guide to Starting a Business in Bath
Starting your own business in any town or city comes with different processes and obstacles to navigate. This guide will give you a decent start, but you’ll have to do lots more research before you start trading:
- Saving up enough start-up capital to operate and fund yourself for at least one year
- Find an affordable place to work and store your goods or equipment
- Creating a business plan and setting a budget
Saving up money to begin a small business or enterprise is where a lot of people come unstuck. The assumption is that finding start-up loans is the right way to go. And while this is certainly an avenue to look into, ultimately, you’re responsible for running the show. So, make sure you have some working capital before you leave the day job. Which means start saving a percentage of your wages each money for this purpose now.
You might have your heart set on a spacious office with lots of parking, a swanky reception area and modern cafeteria. Unfortunately, this is beyond your means for the first year of trading. And you should also forget about the posh company car and spending account. An affordable place office space and somewhere you can store any goods and equipment is the limit while you work your way up to a profitable business.
The more planning you undertake now, the easier things will be. And it all begins with a solid business plan. This is where you’ll map out your goals and targets, set a costed budget and note any risks. You can consider working with a business consultant to draft this and arrange some appointments to gauge your progress.
Do You Need to Rent and Buy the Vehicle?
The general answer to this is no, but there will always be exceptions, for instances where specialist vehicles are part of the business’s requirements. Starting your business should be seen in annual increments. You need to try and curb your losses, or even better, break even during the first year. After that, it’s all about growth and ensuring you can sustain it. It’s better to wait until year two or three to make any significant purchases.
By working with Aussie, we have an affordable solution to cover your vehicle needs. Our Man & Van removal package has transferrable benefits that small businesses all over Bath utilise. Because we charge by the hour, it’s possible to have a collection and delivery service without breaking the bank. We can also assign two of our team members to assist with any heavy lifting.
You can also save lots of money by looking into alternative workspaces. For those with an entrepreneurial streak, the latest trend in the start-up world is using self storage units to work from. It’s very basic but also cheap to do. Just get yourself a desk, computer, chair, a filing cabinet and a router and you’re ready to start. Furthermore, you can use our Business Storage for any work equipment, tools and products in your unit.
Aussie Man & Van – Bath’s Number One for New Businesses –
Aussie Man & Van is a relatively new member of the Bath business community, but we’re already providing the best removal and storage service in the area. Even in this relatively short space of time, we now work with thousands of customers every month. And we always aim to provide the highest standard of service delivery for every job we sign on for.
Aussie is the ‘can-do’ removals company that understands how to turn an idea into a into a successful business. There’s plenty of elbow grease, research, saving and hard work ahead but it’s good to run things your own way. And by partnering in with Aussie, you’ll have access to affordable services to reduce your outgoings during your first year.
If you would like to discuss our range of business services in Bath, contact us today. We’re confident that we can help you make your new business venture a success.