Introduction

In order to start up in business you must first come up with an idea that you think you can turn into a product or service. Alternatively you may already have that idea or product you have invented that you think people will want to buy. In this case you should consider protecting your IP.

Further Information

When looking to start a business there are some recommended first steps to explore.

  • If you haven’t already done so it is useful to look at the types of skills that would be beneficial to have as a business owner and to understand the issues and challenges that come with running your own business; as well as common pitfalls to avoid.
  • It is helpful to have an idea of the different types of legal structures for business so you can chose the right one for you.
  • It is vital to write a business plan to focus your thoughts on what it is you want to do and how you are going to do it. If you are looking to apply for finance most funders will ask to see a business plan and a financial forecast.
  • It is important to research your market, to find out who will buy your product and who your competitors are to make sure your business idea is viable.
  • You will also need to decide how you are going to market your business and the type of internet presence you want.

Free Factsheets!

We have access to thousands of practical and digestible reports, guides & factsheets for start ups, including; Creating a business logo, Mandatory contacts for start ups, Writing a business plan, Introduction to preparing a budget & Choosing the right legal structure, and more! Request a factsheet.

Useful Links

  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.

This short video from Innovate UK provides you with quick and easy tips for successful business networking which can be a key benefit for start ups.

Start Up Donut – Free online information and tools for starting a business, such as writing a business plan, start-up costs, producing invoices, and cash flow forecasting.

Business is GREAT Britain – Online guidance on starting and running a business.

To find out how the Growth Hub can help your business, contact our team today on 03456 047 047 or use our online form

business-support-icon-60px-01Business support programmes

    • Prince's Trust Enterprise Programme
    • Devon
    • The Prince's Trust work with 18 to 30-year-olds to turn big ideas into a business reality through their Enterprise programme. From training and mentoring support to funding and resources, they're with you every step of the way.
    • Read more
    • Start Up Loans
    • Devon
    • A government funded scheme to provide advice, loans of up to £25,000 and mentoring to startup businesses.
    • Read more
    • Innovate UK
    • Devon
    • If you want to develop an innovative product, process or service, you may be able to apply for funding of between £25,000 and £10 million through Innovate UK.
    • Read more
    • HMRC
    • Devon
    • HMRC provide online support for starting or running a business around topics such as business tax, self-assessment, business expenses and record keeping. Support options include webinars (online presentations), e-learning, YouTube videos and factsheets.
    • Read more
    • Start Up and Grow
    • Devon
    • Business support for pre-start businesses offering up to 12 hours assistance. Supporting businesses to start trading, create employment and develop their product offering.
    • Read more
    • Enhance Social Enterprise - Heart of the South West
    • Devon
    • Existing social enterprises will be supported to develop and launch new products and services as well as entering new markets. There will also be support for voluntary and community sector groups that want to transition into trading social enterprises as well as budding social entrepreneurs in need of help to develop their ideas to start trading
    • Read more
    • Formation Zone - Plymouth University
    • Plymouth
    • An initiative of Plymouth University, Formation Zone, Plymouth's only accredited award-winning business incubator is the hub for starting innovative businesses in Plymouth. With nearly ten years' track record and expansion into more sectors and locations.
    • Read more
    • Devon and Somerset Fire and Rescue Service
    • Devon
    • Advice to businesses to assist with addressing all matters to fire safety. Primarily to ensure compliance with fire safety legislation, and achieve this with a minimum of fuss and cost.
    • Read more
    • South Hams Business Support
    • South Hams
    • A range of fully funded advice and guidance for new or existing businesses in the South Hams District Council area.
    • Read more
    • Rural Enterprise Hub
    • Mid Devon
    • A Devon Communities Together project funded by the Prince's Countryside Fund. A targeted programme of training for entrepreneurs, community social enterprises, and start-up businesses across Devon's rural communities.
    • Read more
    • Virgin Startup
    • Devon
    • Access to advice, mentoring and a loan of between £500 and £25,000 through the Start Up Loans Scheme.
    • Read more
    • Taunton Deane Borough Council - Business Support
    • Taunton Deane
    • A selection of business support services from Taunton Deane Borough Council
    • Read more
    • New Confidence, New Opportunities
    • Dartmoor
    • Business start up support service for unemployed women in rural areas of Devon.
    • Read more
    • TDA
    • Mendip
    • Free 1-2-1 business advice sessions available to talk through ambitions for your business or any challenges you may be facing
    • Read more
    • West Devon Business Support
    • West Devon
    • New or trading businesses in West Devon borough council area can access free 1 to 1 advice from a qualified business adviser.
    • Read more
    • Cornerstone Mentoring
    • Somerset
    • Cornerstone Enterprise Support Limited (Cornerstone) offer a business mentoring service in Somerset.
    • Read more
    • South Somerset District Council Business Support
    • South Somerset
    • South Somerset District Council offers free one to one Business Advice for start-ups and existing businesses on general business issues but also specific council services related enquiries.
    • Read more
    • Devon Business & Intellectual Property Centre (Exeter and Barnstaple Library)
    • Devon
    • Exeter Library is part of the Business and Intellectual Property Centre network. As a Business and Intellectual Property Centre they follow a programme and ethos developed by Business and Intellectual Property Centre at the British Library, London, providing support to business owners, entrepreneurs and inventors.
    • Read more
    • University of Plymouth – Enterprise Solutions
    • Devon
    • Plymouth Universities Enterprise Solutions offers a wide range of support to businesses. Enterprise Solutions is your gateway to accessing Plymouth University’s expertise, talent and facilities. Their aim is to give you the support you need, when you need it.
    • Read more

icon-events-60pxEvents and workshops

    • TDA - Love Running A Business? Don't Understand the Finances? We can help.
    • 18 December 2018
    • Highbridge
    • Read more
    • TDA - Demystify your Business Plan - Making it Simple
    • 08 January 2019
    • Highbridge
    • Read more
    • BIP - Business Website Essentials
    • 16 January 2019
    • Okehampton
    • Read more
    • BIP - Digital Marketing Basics
    • 24 January 2019
    • Okehampton
    • Read more

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03456 047 047

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