Starting a business in the UK requires careful preparation, patience and dedication. It is important to plan ahead and use resources available to you. The first steps include registering your business with HM Revenue & Customs, securing finance, creating a business plan, choosing a suitable legal structure and opening a business bank account. Once these are all complete, you’re on your way to start trading.

You may require some specialised knowledge and guidance to determine the type of business entity you wish to form and secure proper licensing and permits where necessary. Choosing a good accounting system, protecting your intellectual property rights and obtaining necessary insurance are also important considerations.