starting a business is easy ( no its not )

sir alan sugar says its easy to start a business ( to promote new the apprentice uk tv show ) i think this is a very stupid statement, it is not easy..starting a business has a thousand steps to do it, it may be easy if you have millions of pounds and contacts to do all the tasks for you but try getting the millions of jobless people to start their own businesses ! its not easy at all..discuss away folks !
 
devilmaycry if its simple what business have you set up ? do you do your own taxes ? do you understand employment law ? i think your trying to wind me up, but i dont care, any one can type a few words..thats easy, setting up a business is not..id like to see a list of steps you think it takes to start a business..then again dont bother i know no ones going to bother taking the time to do that, thats why books get made teaching how to start a business properly and why people go to business school, im not talking about bbc's idea of starting a business which is to give someone £200 so they can go clean cars..thats a very very basic start..then never show all the forms you have to fill in on government websites to register a business etc, as thats not good tv, so bbc give false impression starting a biz is simple..no wonder millions are unemployed..so few can be bothered to do the hard work.
 
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Ticks

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as my dad would say money makes money. i think it was a member of the dragon's den who was saying at the moment he's gone into property in a big way as he doesn't need to borrow money and the banks are selling repossessed houses off cheaply.

I think it's hard to start a business, the problem is looking at something differently, to my mind there's not much you can do for a niche market anymore and hoping your spin on it is better than the person next door. I have looked at 3 or 4 different business ideas that i thought were pretty unique, after looking i find a million companies doing it.

But i think i finally found something *fingers crossed* but the idea is the first step, i know nothing about how to run, organise or anything else, so at the moment am reading every book, researching every avenue etc. it's very hard work and time consuming.
 
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tyro1979

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I don't think it's easy to start a business. However, I do think it's accomplishable. Generally, countless hours hard work will see a small, professional looking business up and running. I find the trouble is making sufficient profit as warrant the hours. Check out the statistics on start-up businesses, they say it all - Many try, few succeed.

Having tried a few ventures (Ebay, on-line shop, bricks & mortar premise) I find on-line competition too fierce; there's always someone trying to dump similar stock at wholesale price or cheaper and there's always someone apparantly happy to work for a pittance. I think physical footfall is key. Sales seem easy with the right stock and pricing, it's just getting shoppers through the door that seems impossible.

So many speak of great little earners, they used to make a fortune at the Markets, on Ebay or at a certain premise. Funny observation is, none of them are doing it now though!? From what I hear, most of the small businesses on the high street would give up the ghost but they can't afford to.

Good old Sir Winston Churchill once said "Success is the ability to go from one failure to another with no loss of enthusiasm." Personally, I can't think of a single pursuable business model. I'm hitting the garden with enthusiasm this summer though, I've got a feast growing out there :)
 
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It is easy to start a business.

It can be difficult to run and develop a business!
 
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Beachcomber

Starting a business is as easy as falling off a log - buy a bucket, sponge and squeegie and you've got a door to door car cleaning business!

What is tricky is making a business work and work well - getting strategies right, marketing, finance, suppliers, building contacts & customer base etc - all of these require a certain level of skill.

Perhaps what Mr sugar was refering to was the way many people seem to put so many imaginary barriers in their way, over-complicating the process and giving themselves a list of reasons why it can't be done.
 
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Philip Hoyle

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    It should be easier now that ever because all the information you'll ever need is freely available on the internet. That's probably why we have far more small businesses these days than in the past. If you think it's hard now, think about how it would have been 50 years ago without the internet, and without the telephone even. You'd have been stuck with having to have meetings with bank managers, accountants, solicitors, etc to get even the most basic information, and then meetings at the Town Hall for permits etc. Virtually everything would have need "person to person" meetings which would have taken far more time and cost far more than today. How do you think it would have been 50 years ago to source stock, import/export, advertise etc - all far slower and more costly! The thing is that in the old days, your meetings would have probably been far more fruitful with proper advice from specialists - compare that to now when even the Govt's Business Link website contains fundamental errors in their advice! OK, we have more laws and regulations in some areas these days, but in theory, the info is freely available on the internet.

    At the end of the day, starting a small simple business really is simple. The only law is a requirement to register for SA tax. Of course, some businesses need more, i.e. indemnity insurances, permits, licences, qualifications, etc., but often these are optional extras rather than legal requirements - it all depends on what business you are starting. Also, some businesses require more start up funds than others. Of course, if you're going to employ someone, or are processing food or hazardous waste etc., then things get even more complicated. Likewise if your turnover is high enough, then you have VAT to worry about. If profits are likely to be high, then maybe limited company is right for you - again more complicated, but still voluntary.

    I really do believe that people "over-think" their business ideas. Far too many people think that they must have a limited company to trade, or don't understand the difference between a limited company and sole trader. Some think that you must register for VAT, or that you must register as an employer (even with no employees), or that business insurance is obligatory, or than a 25 page business plan is essential, or that you must have a business bank account, or whatever. Some of the biggest and best businesses started tiny with no capital, no "management qualifications", sometimes illiterate proprietors. Time and time again, potential new clients come into see me and are amazed at just how little/easy they have to do to start up. A lot of it comes from people working in the public sector or large private firms, where they're literally lost in a mist of bureacracy and administrative routines which they think as being necessary but aren't. I also think that a lot of the time, people are surfing the net for information but aren't actually very good at being able to read and understand the information they see.

    At the end of the day, I can start a new business in the next half hour. I can register as a seller on Ebay, buy some stock online, and start selling it within an hour. As long as I tell HMRC relatively quickly, and as long as I'm not selling anything illegal or controlled, then that's all I need to do. That is simple, no question about it. Whether it will work is another matter, i.e. can I actually sell enough at the right price to cover my costs and make a profit - but that's a separate matter and it's nothing to do with whether or not it's simple to set up a business.

    I've said it many times, but I still tell potential clients wanting to start a business to go out and start/buy something small and simple as part of the learning curve, i.e. a burger or ice cream van, a small leasehold shop, or a small cafe, or likewise. Something that doesn't take up too much capital and more than anything, something that will be easy enough to sell on again after a year or two. OK, not much money will be made, but the learning experience will be priceless, i.e. learning to deal with banks, HMRC, local authorities, suppliers, customers, learning about stock control, accounting, marketing, etc etc - all relatively risk free as long as they don't ruin the business. Far more fruitful than 3 years at Uni learning about the theory!! Far better to make mistakes and learn from them on a relatively safe small scale than when you take the plunge into something big!
     
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    I would mirror many of the thoughts on here - it is indeed easy to start a business, and can be relatively straight-forward to run one - much depends on your goals and aspirations.

    SPAM TIME! my new business - Kickstart BTM www.kickstartbtm.biz is all about teaching people to set up their own business - the key challenge I've set myself is to set it up for less than £100. First networking event is today (First Friday) so we are officially live - spend so far £48.

    Lets see how it goes!
     
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    Philip Hoyle

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    What are all these forms then? Did my window cleaner fill in all these forms on government websites, or did he just grab a bucket and sponge and go knocking on doors?

    No, he wouldn't have needed to fill in any forms at all. He could register for SA tax by telephone and that's it! What other forms does he need to complete for the Government to start a window cleaning business - there are none! This is what I mean - people over-complicate and over-think something that is actually very simple indeed.
     
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    What are all these forms then? Did my window cleaner fill in all these forms on government websites, or did he just grab a bucket and sponge and go knocking on doors?

    if he did then he needs to have Insurance, confirm his tax status with HMRC and possibly set up a business bank account to ensure that monies paid are kept separate from personal account information.
     
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    i disagree with anyone saying its easy to start a business ( starting a business is not buying a bucket and sponge and cleaning cars ! ) thats not a fully set up business is it ? you have to register with hmrc learn to do tax and accounts etc, run adverts or leaflets etc..its not easy, it is easy to say its easy that takes seconds !, i agree though that once youve started a business properly and legally thrn running it will also be hard work..my entire point for this thread was that the bbc/alan sugar saying its easy to start a business is very dumbed down advice as most tv is..dumbed down, i will watch the apprentice though as its good tv but not great for learning about business really. have a good weekend enjoy formula1 turkey
     
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    poundcoin

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    Jun 15, 2010
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    i disagree with anyone saying its easy to start a business ( starting a business is not buying a bucket and sponge and cleaning cars ! ) thats not a fully set up business is it ? you have to register with hmrc learn to do tax and accounts etc,....

    You can do most of that later ( within a reasonable time) and "tax and accounts" you just need someone to recommend a good accountant to you .
    Only starts to get difficult when you start employing staff .

    The hard part is having enough cash to keep you going until you are actually getting paid for your endeavours .

    To be honest I have found it harder to close down my business than it was to set it up !
    After 30 years of trade we built up a huge amount of "stuff" that I am still sorting through (not just stock) in addition to the 6 years of paperwork you need to keep .
    Its now nearly 7 weeks since I closed the doors and I reckon it will be another month before I am fimally free of paperwork....hopefully !
     
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    It should be easier now that ever because all the information you'll ever need is freely available on the internet. !

    In fact there is far too much information available - and indeed far too much disinformation!

    One key business skill is learning to ask the right question and the right place to ask it. We see this time & time again on this forum - questions like 'should I be Ltd or a sole trader' with a hugely disparate range of replies. Of course, the only accurate answer is ''it depends on your circumstances'. The immediate & free culture can be both good and bad - it all depends how you apply it,
     
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    yes there is info overload now, which is why id also like to know are there any well written books on starting a business that genuinly get you to do things step by step ? surely someones written a guide book that anybody can follow that covers every single step of starting then running a business that can be followed in the order its written...thats a book id buy
     
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    K-rado

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    Aaaa! yes, I believe there is an e book somewhere, will try and find the link. :) I have been reading this tread and I can see that there is a conflict of interest. Yes, it is easy to start a business (IMHO). To easy. Once started, there is alot to think about in terms of red tape and legal obligations and this unfortunately takes away from the business at hand, selling, providing a service, generating an income etc. Why o Why does accountancy firms not partner with start-up companies and take on all this nonsense. Come-on. It is the bit that I dread and wrecks my head the most. !! :mad:
     
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    If you have good resource of supply chain, that would be easy, if not, that is too hard, such like price and quality of commodities.

    I have a big clients running an ebay store, and I am working as sourcing agent in China to supply all the goods they need, now the client's business is getting bigger and bigger, because they have good price, certainly, the clients also do research to found out what products are good sell at their market.
     
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    Silky

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    Some famous quotes by Henry Ford:

    ""Whether you think you can, or you think you can't--either way you're right."

    "I succeeded because I didn't know it was impossible"

    Cambridgegadgetguru, it's not difficult to set up a business, give Business Link a call and they'll guide you through it. Setting up as a sole trader is straightforward, think of how many freelancers there are out there (from hairdressers, plasterers through to business consultants), none who've thrown their hands up because of the odd form.

    If you're already looking at obstacles rather than goals, I'd say you're better off in employment. It really does take a glass-half-full mentality to do this successfully.

    Silky
     
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    sellmybusinessonline

    many wise comments already but whether it's easy to start or not the truth is that many (the majority if you believe some websites) fail within 1-2 years and therefore buying an existing business should always play a part in the assessment of how to become a business owner. an established business - whether profitable or not - will have revenues, customers, suppliers, contracts, premises, employees, history. there might be an initial cost in purchasing the business but that needs to be measured against the opportunity and resource cost of starting from scratch.
     
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    DeanCo

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    sir alan sugar says its easy to start a business ( to promote new the apprentice uk tv show ) i think this is a very stupid statement, it is not easy..starting a business has a thousand steps to do it, it may be easy if you have millions of pounds and contacts to do all the tasks for you but try getting the millions of jobless people to start their own businesses ! its not easy at all..discuss away folks !

    It really depends on what types of business it is your starting, but I think it is rather naive to just say "easy to start". Starting from scratch in some business's is very complex and requires 100 to 1000's of man hours before you can begin trading. However, trading from home based office is usually quite straightforward, but not always.
     
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