Turn Your Ideas Into A Business

Turn your idea into a business

  1. Research your market - identify potential customers. Talk to them and find out if your idea is meeting a real need.

  2. Develop and plan - test your product or service with real customers, make changes, and test it again. Keep doing this until you’re sure there’s a demand for it.

  3. Find partners and suppliers - think about who you’re going to work with to develop and sell your idea.

  4. Set up your business - work out which legal structure is right for you, and register for tax.

  5. Get funding - explore different sources of business finance, from bank loans to government-backed schemes.

You might be able to get support and financial help from Jobcentre Plus if you’re unemployed.

Date last updated: 27/05/2015