New companies will often require a certain level of financial resources to get the business off the ground. Cash is needed for a whole range of costs, such as: employing staff, renting business premises, investment in IT, initial production of goods or development of services, and salaries of directors/owners. Although some startups will be fortunate…
Branching out on your own to start a personal training business is an ambition shared by many professionals working in the sports and fitness industry. It’s an achievable goal, but there are a number of considerations and important steps required to ensure that your business has the best chance of success. The UK is one…
The most profitable industries in the UK are usually serviced by huge corporations, such as utility companies, banks, insurance firms, supermarkets, and pension funds. But there are also many profitable sectors that are more accessible to entrepreneurs setting up a business. In this blog, we will consider the most profitable industries suited to startups. Technology…
If you are starting a new business or converting from sole trader to a limited company, you will need to choose a company name before making an application to Companies House. This may sound like an easy enough task, but it does require quite a bit of consideration to ensure that the name is 1)…
Choosing to sell on Amazon is becoming increasingly popular for individuals, sole traders, and limited companies, providing enhanced exposure and access to millions of potential customers online. According to Mintel, almost 90% of all UK shoppers use Amazon, and around 70% make purchases on the site at least once a month. As a result, Amazon…
Baking has enjoyed a huge boost in popularity over the past couple of years. Thanks to the runaway success of a rebooted Great British Bake Off – alongside a surge in demand for an enhanced café culture across the UK – people are looking at baking in a whole new way. Some of you may…
If you’re on the hunt for a new business opportunity and are keen to explore the worlds of tourism and hospitality, you should give serious consideration to starting a bed and breakfast. The Bed and Breakfast Association reckons the UK’s bed and breakfasts (B&Bs) generate some £2 billion a year in revenue, helping the B&B…
Everybody loves a wedding – but have you ever thought about becoming a wedding planner and organising weddings for a living? There’s a huge demand for wedding planners across the UK, so it’s definitely a profession worth checking out if you’re interested in starting your own business, A wedding planner is an individual who helps…
One of the easiest ways to establish a successful company is to transform something you’re already passionate about into a business. That’s why, if you’re passionate about working with children, starting a childminding business could be a perfect opportunity for you. Before you get started, it’s worth pointing out that childminding isn’t just getting paid…
While our high streets are crammed with big chain food outlets, the small independent sandwich shop still seems able to buck the trend and compete with the big boys. So it’s no surprise that more and more people are looking at ways to move into this £7.2bn industry by opening a sandwich shop. If you’re…
Bored of the daily 9-5 office grind? Tired of being cooped up between four walls? Finding yourself distracted by cute dog videos on Twitter, wishing you could be out there in the fresh air with them? Then wish no more – Rapid Formations is here to “walk” you through the essentials of starting a dog-walking…
Our business startup checklist covers 22 planning essentials that you may have to address when setting up a new business, whether in the form of a limited company, Limited Liability Partnership (LLP), or a sole trader structure. Whilst some of the points on our checklist may not apply to you at the moment, it’s worthwhile…
