East London Beauty Academy


Setting Up your Business

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Starting a business can be a challenging and daunting task but the benefits are limitless. Your success and profits depend upon you, how much you put into your business. At East London Beauty Academy we believe that every individual has the potential to achieve what he believes he can and even more. After qualifying with the Itec Diploma in Business Studies and Professionalism the main considerations are.

1. Set up a Business plan.

2. See your local Business Manager and speak to them about start ups for new businesses.

3. Make an appointment to speak to an Accountant for advice.

4. Visit Local sites for information such as Gov.com and HMRC for start up businesses.

5. There are many organisations set up to help start up businesses

6. There is alot of work to do initially but it can be done. Many people are starting businesses every day and succeeding why not you

Here are a list of websites that will help you with your research:

The Official Government Website: 
Before you start Forming and naming your business Your workplace Employing people Managing your business Starting a business in Europe. Welcome to businesslink.gov.uk, the official government website for businesses of all sizes Business Link is a free business advice and support service, available online and through local advisers.

Her Majesty's Customs and Excise:
Will help you understand some of the many things you need to think about when you're running a business, especially the main tax and National Insurance (NI) issues. We also point to some other important areas of the law which aren't the responsibility of HM Revenue & Customs (HMRC)- and we suggest where to go for further, more detailed information.

Writing a Business Plan:
It is essential to have a realistic, working business plan when you're starting up a business. A business plan is a written document that describes a business, its objectives, its strategies, the market it is in and its financial forecasts. It has many functions, from securing external funding to measuring success within your business. This guide will show you how to prepare a high-quality plan using a number of easy-to-follow steps.

A Guide to Websites
Many businesses reach more customers by having a website. By answering a series of simple questions about your business, you'll find out how you can reach those customers.

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