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Islington Council

Starting a business for the first time is certainly a life changing experience!

Many people find that it unlocks potential they never knew they had and they rise to the challenge of working for themselves for the first time in their lives! But working for yourself can be a demanding, stressful and (sometimes lonely) operation and is certainly not a decision that should be taken without serious consideration.

The most important thing is preparation. Some basic questions you need to ask are:

  • Have you done proper market research?
  • Why will people choose you instead of other businesses?
  • What makes you stand out from the rest?
  • Have you done a business plan?
  • How will you finance setting up the business?
  • What will you do if things don't go according to plan?


    Banks

    You will need to open a business banking account. Most of the high street banks have trained business advisors to help you through those critical early stages. For further information click on the links below:

    You will probably also need the services of a solicitor and an accountant. Many people choose this service on recommendation from a friend or work colleague, or check out local services in Islington at www.yell.co.uk

    You can also find an accountant at: www.icaewfirms.co.uk


      Business Rates

      If you do start a business in Islington and have a premises in the borough you will be liable to pay business rates.

      For further information see:


      Useful links

      There is a wealth of information on the internet, with many websites available offering free advice to people wanting to start up their own businesses. For more information click on useful links below.



      Page Last Updated: 10 October 2008