ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

13 Things you should consider when starting up your own business

Updated on July 5, 2011

It’s a brilliant thought to know that you could have your very own business. It’s exciting, nerve racking and emotional all at the same time which makes it easy to get lost in the whirlwind of it all. But now that you’ve got a business idea, here are some things for you to consider before you go racing off to the back manager.

Where will you run the business from?

There are always some drawbacks to where you will run your business so choose it carefully and consider all angles. If work from an office then you will be paying rent money, if you work from home then your rent will be considerably less but you may come across more distractions than you would in your own office.

Choosing a location is one of the most important decisions that you can make, having a café right next door to another café could well hinder your success.

What hours will you work?

Even if you plan to work from home, it will still benefit you to have a guideline of the amount hours that you will work and when you will work. If you plan on setting up a shop, you might think about staying open a little bit later than the rest to draw in them last minute shoppers or you might decide that you will take every Wednesday off and work Sundays instead.

Advertising and Marketing

How are you going to advertise your products, services or information?  You will with no doubt, want to choose the most cost effective approach. Ensure that you shop around for the best prices.

Where are you going to advertise and how are you going to be marketing to? Target marketing will be your most cost effective way of drawing in your customers. It wouldn’t make any sense to advertise a baby party in a mechanics booklet because you would be reaching out to the wrong audience.


What sales techniques are you going to use?  Can you entice your customers into your shop or website with special offers, discounts or maybe a free membership?

Start up finance

Getting your start up finances organised can be quite a stressful time. Do you have all the finances you need already or will you be looking for a business start up grant, business loan or for a partner to come in on it with you?

If you didn’t want a partner to necessarily have a hands on approach in the business then you could consider finding a silent partner.

Taking on staff

Are you able to do all the jobs yourself or will you need to take on staff? Where will you advertise for your staff and if you don’t need staff right now, will you possibly need them in the future?


Every business that plans on making money will need an accountant, whether you become the account yourself or hire someone else to look after the books for you.

If you are planning on doing the books yourself then remember to consider the amount of time it will take and if you will have time to do it yourself.


Just about everyone who sets up a business wants and needs to make a profit so have you planned how much you will mark up the resale price for?

You will need to remember to include all expenses when deciding on your profit margin such as rent, gas, electric, purchases, broadband, website building or hosting, telephone bills, business insurance and stationery etc.

Advice and support

Sometimes if you plan on setting up a business and working alone then an adviser gets completely forgotten about.

No matter how determined you are, at some point or another you will feel a bit of stress starting to build up when the tough gets going,so having someone there to support you and offer you advice will be a god send, even if it’s just a friend or a family member that you can turn to for a cup of tea and chat.

Business insurance

When you are planning on starting up your own business, one of the last things you want to do is start planning for the ‘what if things go wrong’, but unfortunately they sometimes do so it’s best to cover yourself as much as possible right from the start.  You might need home business insurance if you are going to be working from home, car business insurance if you are planning on using your car for work purposes, business insurance or public liability insurance. 

Health and safety

It’s important that you meet certain standards of health and safety whether you work alone, with other people, at a work place or at your home.

Choosing a name

There’s a lot more to choosing a business name than you might think like avoiding trademark infringements and picking one that will not limit your business growth.

Please see choosing a name for your business for more details on picking a good name.

A business plan

Every business needs a business plan, whether is it to help you gain financial support or simply to organise yourself. It will help you to keep things in perspective and you can always refer back to if you find you self losing track at any point.

See here for What is a business plan?


    0 of 8192 characters used
    Post Comment

    • Victoria Stephens profile imageAUTHOR

      Victoria Stephens 

      7 years ago from London

      Thanks everyone for the nice comments.

      And thanks Kashmir56 for stopping by, I appreciate the vote as

    • kashmir56 profile image

      Thomas Silvia 

      7 years ago from Massachusetts

      Hi Victoria, this is all great information and advice to help all those looking to start their own business .

      Useful and vote up !!!

    • PR Morgan profile image

      PR Morgan 

      7 years ago from Sarasota Florida

      Good tips!

    • gajanis786 profile image


      7 years ago

      Good handy tips....all very useful. Thanks.

    • Becky Puetz profile image


      7 years ago from Oklahoma

      Excellent advice, thanks for sharing.

    • dashingscorpio profile image


      7 years ago

      These are all excellent tips!

      Very nice hub.

    • dashingscorpio profile image


      7 years ago

      Excellent tips!


    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

    Show Details
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)