Find Partners, Premises & Suppliers
Many businesses start with just one person, known as a ‘sole trader’. If you set up as a sole trader you’ll be self-employed, which means you’ll be your own boss.
You’ll also be responsible for:
- managing your own time
- looking after all of your company’s admin and accounts
- taking risks with your own money, particularly if you’re leaving full-time employment
Whether you set up as a sole trader, partnership or limited company, your business is likely to involve working with more people to develop and sell your idea - including partners, suppliers and distributors.