Call our team +44 (0) 207 566 3939

BLOG

Start-Up Case Studies

Case Studies of a start up

There are many reasons for starting a business. Some believe that their only alternative is to start afresh after previous failure, or if the economic situation or state of unemployment leaves them no alternative; some people have a great idea or product and would like to start their business; and there are those who are not satisfied with their current job or boss and think they could do a better job for themselves.

But whatever your reason or motivation to start a business, there are certain steps you should follow: First and most important is to understand and learn what a company is with all its components as well as the advantages and disadvantages of being a business owner and paperwork it entails.

It is also important to investigate and learn everything you can about the business you want to start, starting with defining your market. In other words, who are the potential customers and why would they buy from you?

Other areas to look into are the goods or services, the competition, all procedures, licenses and requirements for establishing your business. This is because sometimes poor research can cause big problems.

There are two case studies to highlight this. The first was an owner who opened her salon in a small shopping centre, had invested and worked hard to modify and decorate the rental location. A few days after opening the doors, the pavement her salon stood on was broken up completely to make some changes to the pipes and drains underneath. As you can imagine, without car traffic or many people walking past, it became a very difficult start to build a business from.

Another case is of someone else who made very large investments to install special equipment for their business. When they wanted to get their business licensed, the city denied it until they fulfilled certain requirements that had not been considered or that he did not considered necessary. These changes and plans he had to submit, cost money, which was no longer there. The man had to painstakingly borrow money for pay plans and make modifications which took many months.

These examples reiterate the importance of research before even signing or investing in something for your business. Of course, not all cases are like this, but the emphasis should be on asking and planning their businesses first, to avoid headaches and loss of money by having poor planning on initiation.

Your Virtual Office London has helped thousands of small business make the move from idea to reality. Starting a business can be a difficult and testing time, however our expert team are equipped with the right knowledge to ensure you are able to give your business the best possible chance of success.

Related Category Posts

Is a Virtual Office Right for Your Business?

Is a Virtual Office Right for Your Business?

Is a Virtual Office Right for Your Business? In this modern digital age, is it time to ditch the idea of a traditional office structure? Many new start-ups are adopting the 'lean' method of operation where they only use the bare bones of a company structure to...

read more
How To Become Mega-Productive with your Work Time

How To Become Mega-Productive with your Work Time

How To Become Mega-Productive with your Work Time PRODUCTIVITY. This has to be one of the most talked-about buzz-words of the 21st Century. There seems to always be a steady stream of great productivity strategies out there that people simply cannot get enough of....

read more
Top Tips For eBay and Amazon Online Sellers

Top Tips For eBay and Amazon Online Sellers

Top Tips For eBay and Amazon Online Sellers There is no denying that the invention of the internet has changed the face of work for the better. No longer do people need to be an employee and have to commute to a place of work every day to earn their living. Being a...

read more

Capital Office Ltd is registered in England and Wales: Registered Address: Kemp House 152 – 160 City Road London EC1V 2NX

Company Number: 06294297 | VAT No: 976201416 | ICO No: ZA084808 | Anti-money laundering registration number: XZML00000125126

© Copyright 2019 Capital Office Ltd - All Rights Reserved

Please click here to view the latest businesses using our address without authorisation.