10 top tips for budding ‘mumpreneurs’

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10 top tips for 10 top tips for budding ‘mumpreneurs’ budding ‘mumpreneurs’ Twitter: @StartUpDonut Web: www.StartUpDonut.co.uk Copyright © BHP Information Solutions Ltd, 2010. All rights reserved Antonia Chitty of Family Friendly Working

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Research suggests that as many as one in ten mums would like to run their own business. It can be the best way to get control over your working hours and spend more time with children, while still being able to contribute to household income.

Transcript of 10 top tips for budding ‘mumpreneurs’

Page 1: 10 top tips for budding ‘mumpreneurs’

10 top tips for budding 10 top tips for budding ‘mumpreneurs’‘mumpreneurs’

Twitter: @StartUpDonut Web: www.StartUpDonut.co.uk Copyright © BHP Information Solutions Ltd, 2010. All rights reserved

Antonia Chitty of Family Friendly Working

Page 2: 10 top tips for budding ‘mumpreneurs’

10 top tips for budding ‘mumpreneurs’

• Think with your head and your heart as to what fits your business and family life

• Are you motivated by money or family?

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1. List your priorities

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2. Think about time

• Be realistic about the time you can commit

• Write down which hours are possible. Do they fit in with nursery commitments? Are they the same hours each day?

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10 top tips for budding ‘mumpreneurs’

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• Do you have the answers to the key questions?

• Does your product or service have a unique appeal and at the right price?

• How will you overcome any competition?

3. Research your market

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10 top tips for budding ‘mumpreneurs’

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4. Write a business plan

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• Set out your aims and objectives

• Get advice from your local Enterprise Agency or Business Link

• Look out for free start-up courses in your area

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10 top tips for budding ‘mumpreneurs’

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• Consider an integrated PR, advertising, social media and events strategy

• Record promotional activities on a timetable wall planner

• A small daily effort goes a long way

5. Decide your marketing and promotional tactics

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• Get a good website designed

• Setup a Twitter account in your business name.

• Create a blog and comment on other people’s blogs

• Is a Facebook Fan page relevant to your business?

6. Promote your business online

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10 top tips for budding ‘mumpreneurs’

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• You have 3 months to let HMRC know you have set up as a sole trader.

• Don’t get fined!• If you decide to form a

company, complete the necessary forms with Companies House

7. Get registered

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• It is easier to note down every financial expenditure from the start

• Many expenses are tax deductable and allowances are available too

• Seek advice from an accountant or HMRC

8. Keep good financial records

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• Delight your customers with your products and services to keep them coming back

• Communicate well and keep them informed

• Resolve any issues or complaints swiftly

9. Make the most of every customer

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• Before you start up, assess your skills and remedy any that are lacking

• Providing your business can afford it, pay someone else to do your marketing, accounting, deliveries etc.

• Free up your time effectively

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10. Get help

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