2022 has been the year of big changes in the business world. The current rise of side hustles and quiet quitting has seen many UK workers try to take the leap by becoming their own bosses and entrepreneurs.
The UK has been no stranger to growth in new businesses. The official statistics released by the government about the Companies Register activities show that the number of businesses on the UK Business register has seen a steady increase; with March 2022’s figure seeing a rise of 3.8% from March 2021 figures. The government figures also show that between January and March 2022, there were 205,171 new incorporations established in the UK.
When it comes to starting your own business, the task might seem daunting, fortunately, there is an abundance of advice out there on the internet. Caunce O’Hara has worked with a range of business owners and with their advice and top tips created a useful toolkit for entrepreneurs. They explain that the successes of a business are tightly linked to the skills you have as an owner and those within the business.
If you are going to start a business there are three main concerns you should think about:
- Do you have the skills to start a business
The initial success of a business is heavily weighted on whether you the owner have the right skills within the business to ensure it is an initial success. Whether you have skills yourself or you have people within your team that have them.
- Do you have the skills to maintain your business
Having the skills to start a business are not the only skills you need to make it a success. To continue your business success. One of the most popular online earning skills is SEO, you need to contact to SEO Company in Lahore in order to enroll for SEO. Whether your business is still small in numbers or you’ve gained more employees as the business continues, you’ll need to ensure that you have the skills to delegate responsibilities and maintain positive business and consumer relationships. A business’s continued success relies on how the owners manage it.
- Skills you need to grow your business
Even with the skills to start and maintain a business, all businesses will see a decline if they don’t have the skills to progress and grow. Adapting to the needs of the consumers and changing industries many businesses will being to see failure without the skills necessary to grow. Whether they are pressured by bigger and growing competitors or merely cannot keep up with demand, the business will suffer without the skills to grow.
Caunce O’Hara expands on the specific skills that you need to start and run your business in their article. They found, in their study that 89% of those they asked suggested they were happier freelancing than being employed.
The challenge of running a business by being prepared and ensuring you have the skills and the system in place to succeed, you can take the leap and initiate your own business. Running your own business is hard and it takes time to build up but the rewards are vast and seeing success in your business can bring a sense of pride and satisfaction.
Should you have any tips you would like to share, please feel free to tag #TheEntrepreneursToolkit.