Start-up Checklist

Start-up planning will improve your chances of success and help you anticipate and deal with any difficulties, as well as helping you to access appropriate finance to meet your specific needs.

Can you answer these questions?

  • What will the business do?
  • Who will be the customers?
  • Where can it operate - will you need premises?
  • Can you fund the business or do you need financial support?
  • Do you need employees to make it happen, or will you be working on your own at least to begin with?
  • What legal form will the business take? (sole trader, limited company, etc)?
  • Have you found out about registering with HM Revenue and Customs?

Use this checklist to help you start your business

1. Prepare a business plan

  • Define your idea - what will the business do?
  • What are the costings and pricing?
  • Who will you sell to? What do you know about your customers
  • How will you sell to customers?
  • How do you know that (what research have you done/how will you test the idea?)
  • Who are your competitors?

Use a template to start your business plan.    Help to complete the plan can be found here.
 

2. Decide how you will finance the business

  • As well as personal savings, family and friends and high street banks there may be other sources of financial support for your business.
  • The Government's Start Up Loan Fund  provides advice, loans and mentoring to startup businesses.

3. Choose a business name and register the business

4. Set up your office

  • Find premises and deal with associated requirements such as business rates, health and safety, etc
  • Open the business bank account
  • Sort out IT and telephone lines
  • Order business stationery
  • Sort out business insurance 
  • Do you need a licence?
  • Check health and safety requirements for your business property and trading practices
  • Are there any environmental regulations to consider?

A number of organisations offer virtual and managed workspace services.

5. Get ready to start selling

  • Set up a website
  • Investigate the legal side of selling
  • Establish your pricing
  • Find out about the various ways to market your business

Information and sources of advice for start ups in Derbyshire and Nottinghamshire can be identified in the Start Up Section of the website.

Click here to download a PDF checklist with tick boxes

Events

Food and Drink Forum logo

Food and Drink Forum

Introduction to Food Standards

19th March 2024
11:30am - 1:00pm

Book now

Case Studies

Sir Richard Arkwright’s Cromford Mills

Sir Richard Arkwright’s Cromford Mills

Cromford Mills is a water-powered cotton mill that acts as the Northern Gateway to the Derwent Valley Mills UNESCO World...

Read more

News

Skills for Life: Multiply Small Grants Opportunity

Skills for Life: Multiply Small Grants Opportunity

WMCA has now launched a Small Grants opportunity for VCS Organisations (Wave 2) to support with outreach & engagement activity for...

Read more
Black Business Fund

Black Business Fund

Black-owned restaurants with fewer than five locations can apply to the fund for a grant.

Read more

Free Expert Business Advice and Support

Your business is unique but the challenges that you face aren’t, with our support, we can help get you through them.

Our impartial business support is delivered by experienced, expert business advisers, giving you the right advice at the right time for your business.

Contact us today to access a wealth of support, events, business growth programmes and expert advice.

Peter Lawrence​​​​
Business Adviser
Image of Peter Lawrence​​​​
I would like to book an appointment