Start a Business
Start a Business
So you want to be an entrepreneur?
Businesses are born from ideas. No matter how big or small, if you have an idea for a product or system to solve a common problem, this can be nurtured into an industry defining business. Here at Student Enterprise, we’ve got everything you need to help grow your idea into a business.
Below we’ve outlined some of the key steps that you should be taking when considering how to start your entrepreneurial journey...
1. Develop An idea
Every business starts with the same thing, an idea. Are you going to focus on selling products? Or will you offer a service, such as consultancy? No matter the nature of your business, having a good idea of how you can bring value to your chosen clientele is crucial to getting things started.
2. Conduct Market Research
Researching your target market is vital to the success of your business. This can be done through online polls, contact people directly or independent research of potential competitors. This step should highlight the areas that your business could make a difference in.
3. Write a Business Plan
Putting a plan in place for your business is key to long-term success. Setting short-term and long-term goals can help steer your business forward and maintain the focus as you progress. A strong business plan will also relax potential investors and instil a sense of confidence in your business
4. Secure Investment
You might have already saved some money to start your business but exploring all the start-up grants and funding available to you is great option. Alternatively, you might have a bigger idea that requires external investment. Taking your time to research and understand the different types of funding before settling on an option could be key to the success of your business.
5. Time to Launch!
Once you have everything put in place, it’s time to get the wheels in motion. You learn your best lessons along the way, so don’t be afraid to get started. As you begin to establish a cashflow, you can turn your focus to running a successful business, growing your team and celebrating your successes.
Getting started is the hardest part, so we have put together some tools to help you, including templates and guidance from the Student Enterprise Team.
Packed full of handy information, the Student Enterprise Resource Hub is full of templates, guides, and inspiration to help you through those tricky moments during your entrepreneurial journey. Don’t forget - we’re here to help whenever you need us.
Over the years, we’ve supported many students and graduates in becoming business owners. Through the support we offer, we have helped people like you to make sure they find their feet and learn proven ways to successfully run and grow their business. See what some fellow entrepreneurs have to say about their Student Enterprise experience.
Need More Informtation?
If you are interested in organising a 1-to-1 session with us, you can book a virtual appointment below. We are always happy offer free, impartial guidance and answer any burning questions.
Book your slot now to find out more: