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It was a fun chat where we went through some examples of ideas for new businesses and some of the elements you need to consider before you get started.
Once you have the idea, I explained that you should do some research to check if there is a need and subsequently the necessary demand for your product or service to make it a viable idea. You should then look to see if there any regulations or permissions you might need to be able to run that sort of business.
We discussed the need for some type of experience in your chosen field and if you don’t have it how you should go about getting some before you jump into something you are not really sure of. It might sound fun, but the reality can be different when you are doing the same thing day after day, with no chance for a holiday.
We then went through some of the practicalities such as Limited Company versus Sole Trader, Bank Accounts, Insurance Bookkeeping, GDPR and the like which she found very off-putting. However, I explained that our role is to make those elements as easy as possible by creating the eco-system of support which puts the entrepreneur in touch with all the professionals who can help get all this sorted while they concentrate on the day to day running of the business.
At the end of the talk I mentioned the next Entrepreneurs Breakfast Club session which is scheduled for the 25th July in the offices of the Chamber of Commerce starting at 8am. If you want to come along click - Click Here to register.
To listen to the talk visit - https://www.bbc.co.uk/programmes/p07d3r8b I spoke at around 49 minutes into the programme. This link is available until the 7th August 2019.