Quest Magazine - Home

Business start-up basics

Business start-up basics

NEWS

05 Jul, 2018

The UK is a great place to start your own business, says Sean Taylor, MD of Lockforce Ltd, and with so many new business start-ups waving the entrepreneurial flag, you’re not alone in your thinking. But could it become a reality?

To make your dreams a reality is a risk because so many new businesses fail in their first year. The good news is that there is a way to start your own business that significantly reduces the risk of failure …

Buying a franchise provides you with so many of the benefits of running your own business and is proven to reduce the risk of failure. So, if you are thinking, or dreaming, of running your own business (franchise or not) here are three key things to factor in to your considerations:

1.    your love and passion – if you don’t love the business you are in then it will be like a prison sentence hanging over you
2.    your income/earnings – when it comes to numbers, understand what you need to earn; that’s your starting point when it comes to business planning and will help in your assessment of your new business
3.    your time – running your own business provides flexibility and choice, but if you are serious about being successful it is likely to consume a lot of time, particularly in the early days.

Running your own business is not for everyone and not without risks. Speak to anyone who has done it and they’ll tell you the highs and lows – it’s like a business rollercoaster … but they will also tell you they will never go back to being an employee.

Get in touch
T: 0333 567 8920
W:  www.lockforce.co.uk

See the advertisement on page 66

Other Stories

It’s never too late! ARTICLES
15 Jun, 2018
The Princess Royal, Patron of the Institute of Learning and Work, recently said that adult education is good for...
Support where it’s needed ARTICLES
15 Jun, 2018
The majority who leave the Armed Forces make a successful transition back into civilian life, but some don’t. Stoll...

Related Articles

Case Studies See all

Natalie Chapman
Name:
Natalie Chapman
Final Rank:
LBdr
Years Served:
7 years, 10 months
Other:

Natalie Chapman served as a LBdr in the Artillery, specialising in logistics, before leaving the Army in November 2015 after almost eight years of service, to seek a new career after a 'change in her...

Read more »
Gary Burden
Name:
Gary Burden
Years Served:
22 Years
Other:

The training I received from Oak Tree set the foundations for a successful second career: using the qualifications I gained, I have achieved professional recognition for my qualifications and...

Read more »