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Has anyone successfully started their own business?

Deleted User

I have both autism and adhd, and I have had so much difficulty with employment, and I am now looking into starting my own business. I know I will need to declare everything so I am doing my research  but it will be a couple of months before I start with it properly. Do you have any advice? 

Parents

  • Setting the business up is remarkable simple - I did it multiple times in the UK over the last decade using various guides you can find online and it is both cheap and fast to do.

    Depending on the nature of your income you may be able to do the accounts yourself (eg if you are good with reading the accounting rules, completing your own forms and have modest amounts of receipts / invoices to process then it is easy) or can hire an accountant (I paid about £70/month for mine and they had very little to do for me).

    So creating a company and the accounting side is all pretty trivial but you need to make money and this is the hard bit.

    1 - you need to have something to sell, whether goods or services. These need to be both desirable and made visible to the buyers and this is the bulk of the initial hurdles to overcome.

    2 - you need to deliver and service whatever it is you sell. If you sell mobile phones for example then these need to be available, well packaged and shipped quickly / securely to make the customers happy. If they have questions about them then you need to be able to answer them capably.

    3 - you will need to continually find replacement business. If you provide services (eg you wash windows) than you will have some repeat business but people stop using this for all sorts of reasons so you need to be always advertising and sourcing new work.

    There are a load of other things to consider such as insurance, cash reserves, bank accounts etc.

    If you can give us some idea of what sort of business you have in mind then we can give more tailored advice.

  • in reply to Iain

    Thank you .. I am looking to set up a shop to sell fidgets. I know there is a market for it, and I am looking into how I can do this, but it does't feel simple to do for me. So I will seek some help on it.

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