10 top tips for budding ‘mumpreneurs’
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Transcript of 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
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’
• 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’
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’
• 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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10 top tips for budding ‘mumpreneurs’
• 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’
• 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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10 top tips for budding ‘mumpreneurs’
• 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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10 top tips for budding ‘mumpreneurs’
• 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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10 top tips for budding ‘mumpreneurs’
• 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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10 top tips for budding ‘mumpreneurs’
Copyright © BHP Information Solutions Ltd, 2010. All rights
reserved
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