Prospective entrepreneurs in the UK are 10% more likely to start a business in January, shows new data from 123Reg. Their information not only shows a spike in the number of new UK business websites registered in January each year, but that number is also growing at 20% annually. This could be the time over Christmas being used to spitball ideas, a new years resolution, or maybe it’s just that recent events have just made people reevaluate their lives. Whatever is driving people to either a new business or to take their existing business into a new direction, is January the best time?
First steps to grow or start a business in January
Make an ambitious plan
Taking a small step into business is fine and it’s right to be cautious, but at the same time, you should make an ambitious plan – an ‘end goal’ and the situation this business should get you to in the end.
This might be getting a certain number of customers, a financial goal, getting your product promoted or sold by a target partner, getting a big investor or even getting your business into a situation where you can sell your business for a significant profit. Having this ultimate goal in mind will help you go for it.
Set realistic short term goals
Set a 90-day goal that is realistic and work out how you’re going to achieve it. Setting short-term goals can keep you on track and give you something to work towards in the near future. Keep any team members informed of this goal and set an initiative – it doesn’t have to be a big one where budgets are smaller but the prospect of a decent bottle of prosecco or meal out will always help.
Find a base for your business
Many businesses start in basements but a small serviced office space can be a much more professional way to set out, not to mention more comfortable. Finding a serviced office space with flexible contracts and bills included is an ‘easy to budget for’ way of doing this.
Build or start a business in Surrey
If you’re looking to grow or start a business in Surrey, SEND Business Centre has modern, flexible office space for rent in Surrey with super fast broadband, a convenient location, free parking and scenic views of the River Wey. Get in touch with the team to discuss your needs.