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Want To Start A Business?

     - What To Do First
From A Pragmatic Perspective




                         Steve Hales
This slideshow takes …




                  www.sapien-innovations.co.uk
So you want to start your business




                        www.sapien-innovations.co.uk
Starting your business is like




                      www.sapien-innovations.co.uk
However let’s start with some DON’T’s




                          www.sapien-innovations.co.uk
DON’T write a Business Plan
At least not yet




                         www.sapien-innovations.co.uk
DON’T set up a company
At least not yet




                        www.sapien-innovations.co.uk
DON’T spend money
At least not yet




                        www.sapien-innovations.co.uk
Now some DO’s




            www.sapien-innovations.co.uk
DO Test Your IDEA




               www.sapien-innovations.co.uk
So Ask 4 People About Your Idea




                      www.sapien-innovations.co.uk
Not Just Mum, Dad & Co




                 www.sapien-innovations.co.uk
But Business Associates You Respect …




                         www.sapien-innovations.co.uk
1 of the 4 Should Be A Target Customer




                          www.sapien-innovations.co.uk
If You Get 4 Thumbs Up, It’s Probably A




                           www.sapien-innovations.co.uk
But Don’t Buy The Ferrari Yet




                     www.sapien-innovations.co.uk
www.sapien-innovations.co.uk
Do Develop Your Idea




                www.sapien-innovations.co.uk
Think of a Name For Your Business




                       www.sapien-innovations.co.uk
Think of an Elevator Pitch




                    www.sapien-innovations.co.uk
What else?




             www.sapien-innovations.co.uk
Get Your First Customer




                  www.sapien-innovations.co.uk
Have you got your first customer?




                       www.sapien-innovations.co.uk
Yes – I have my first customer




Put down a deposit on the Ferrari …
                           … you’re a natural


                                www.sapien-innovations.co.uk
No – I don’t have my first customer




                        www.sapien-innovations.co.uk
I need things to help …




                  www.sapien-innovations.co.uk
Like What?




             www.sapien-innovations.co.uk
Like …
•   A brochure
•   A Presentation
•   A Business Email Address
•   A Website




                               www.sapien-innovations.co.uk
Try this …

•   The Elevator Pitch
•   An introductory email
•   A short presentation
•   And you, in person




                               www.sapien-innovations.co.uk
But I STILL need help …




                  www.sapien-innovations.co.uk
Create Marketing Aids
With One Thing In Mind




                  www.sapien-innovations.co.uk
Everything Will Change




                 www.sapien-innovations.co.uk
Just Like Your Elevator Pitch …




                       www.sapien-innovations.co.uk
All Your Marketing Messages Will Change




                           www.sapien-innovations.co.uk
Make a PDF Brochure & Presentation




                        www.sapien-innovations.co.uk
What else Do You Need?




                 www.sapien-innovations.co.uk
Email Address and Website




                   www.sapien-innovations.co.uk
Think About People Finding You




                     www.sapien-innovations.co.uk
You’ll Need A Domain Name




                  www.sapien-innovations.co.uk
A Domain Name Is …

About …




                         … per annum


                         www.sapien-innovations.co.uk
Revisit the Company Name




                  www.sapien-innovations.co.uk
You Can Still Easily Change It




                      www.sapien-innovations.co.uk
Is it Available At Companies House?




                         www.sapien-innovations.co.uk
So …

• You have a good idea
• You can describe your idea
• You have a company name




                               www.sapien-innovations.co.uk
Email And Website Again




                  www.sapien-innovations.co.uk
Business Email is About ÂŁ5.00/Month




                        www.sapien-innovations.co.uk
Your Website Should Be …

Built in the web
Easily editable by you




                         www.sapien-innovations.co.uk
A Professional Website Platform is …

Also about …




                         … per month


                         www.sapien-innovations.co.uk
Last Few Things For Now




                  www.sapien-innovations.co.uk
Shall I Form a Company?




                  www.sapien-innovations.co.uk
Forming A Company Starts At ÂŁ15




                      www.sapien-innovations.co.uk
But Filing Accounts Might Be ÂŁ700




                       www.sapien-innovations.co.uk
You Can Start Out Initially As A …




                        www.sapien-innovations.co.uk
And A Bank Account?




               www.sapien-innovations.co.uk
Ask Your Personal Bank First




                     www.sapien-innovations.co.uk
Back To What Really Matters …




                     www.sapien-innovations.co.uk
How’s That First Customer?




                   www.sapien-innovations.co.uk
And the Business Plan?




                 www.sapien-innovations.co.uk
Only If You Need Investment




                    www.sapien-innovations.co.uk
So - In Summary
•   Find an idea
•   Test it on 4 People
•   Allow for evolution of everything
•   Keep Spending down until …
•   … you have that first customer
•   Then think about the Ferrari



                                   www.sapien-innovations.co.uk
Steve Hales
Steve Hales is business and marketing
consultant and a partner at Sapien.it
Sapien.it offers an IT tool-kit for start-ups:
domain name, email and website for
ÂŁ8.99/month



            “Good luck with your new venture”

                                    www.sapien-innovations.co.uk

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Pragmatic Tips to Starting a Business