If you are looking for some extra funds, there are various options to consider.
You will need to buy, lease or rent the equipment for your home office and any materials you need for the service you are supplying - see decide whether to lease or buy assets.
Finding and keeping in touch with customers is a major issue, so investing in a good computer with relevant software and a broadband connection will be a priority in most cases.
The most common costs to consider when starting out are:
- a computer or laptop
- broadband access
- mobile phone
- office desk or chair
- business cards
- stock - if you're supplying products
When you are factoring software packages into your start-up costs, take a look at the much cheaper or even free options - open-source software such as OpenOffice and Google Docs.
Structure your business
Name your business
Register your business
Choose your premises
- How to employ staff for the first time
- National Minimum Wage and National Living Wage rates
- Carry out pre-employment checks
- Ensure your workers are eligible to work in the UK
- Get employers' liability insurance
- Issue a written statement of employment
- Set up your payroll and register for PAYE with HMRC