Research, Research, Research!
So you’ve decided you want to start your own business – what’s next? Next is thinking about what you want to do, how you want to do and if you can afford to do. Some of the questions you need to ask yourself include:
- Do I have the required qualifications or do I need to go and do a course? You should consider how much the course may be or how long this may take.
- How many hours do I want to work per week? Be realistic and think about other commitments!
- How much money do I need to start the business and how am I going to get this? Think about whether this will come from savings or whether a business loan may be appropriate.
- How much do I need to make out of my business? Consider how much salary you’d like to make and how much money is required to cover any costs – for example, equipment or renting a space at a salon.