Home About Contribute Media Kit Contact Sign In


Marketing Industry News

5 Top Tips for Setting Up a New Business

5 Top Tips for Setting Up a New Business

"One of the most daunting tasks is setting up your own business. Particularly because so much can potentially go wrong."
Nicola Bannister, Marketing Director of Flogas

One of the most daunting tasks is setting up your own business. Particularly because so much can potentially go wrong. In the private sector in the UK, there were 5.9 million businesses at the start of 2019. Over 5.8 million of these were small businesses of up to 49 employees. This is a 3.5 per cent increase on the previous year which shows more people are deciding to start their own business.

Approximately 20 per cent of start-up businesses fail in their first year, with half succumbing to failure within five years. Preparation and meticulous planning are crucial if you want your business to have a chance of success. So, what should you be thinking about when setting up a new business?


If you’re starting a new business, you may think you have the perfect location picked out. But have you? Have you thought about all the logistics and key factors? Often, people will choose a handy location for commuting which comes at a low cost. However, this doesn’t necessarily mean it’s the best fit for your business.

Consider who the main users of your services are going to be. Will most of your footfall require walk-in traffic or a more professional set-up to meet clients? Even the best managed businesses can fall by the wayside because of poor location.  Other factors you should consider before signing on the dotted line for a lease include:

  • Previous receptiveness to a new business within the location
  • Accessibility
  • Location of competitors
  • Local incentive programs for start-ups


Whatever business you are starting, you must be insured. Even if you plan on going it alone and being self-employed, you must have the relevant insurance or you could find yourself failing before you even start!

It doesn’t need to be business insurance – this depends on your particular business. However, employers’ liability cover is mandatory in the UK. It’s important you do your research into your insurance policies to make sure you are fully covered in all the relevant areas. But, like your energy supply, make sure you shop around to get the best price and option for your business.

Energy supply

How much energy do you plan to use with your business? As well as that, do you know the type of energy best suited to your business at cost level? Natural gas is quickly becoming a popular choice. This way businesses are also being conscious about harming the environment too. In 2018, 31 per cent of businesses used natural gas — four per cent up on the previous year — with many switching from oil to gas.

By choosing the wrong energy supply you could see your costs soar. The Big Six energy suppliers are starting to lose their grip on the UK energy market, so make sure you shop around and choose a deal which will most benefit you.



Go Online

The internet is one of the most powerful selling tools. In 2018, only 60 per cent of UK businesses were using social media for brand awareness, with this figure slightly dropping when looking at small businesses. This means that they are missing out on potential interaction that can in turn lead to a conversion. Research has found that 39 per cent of social media users learn about products and brands on this platform. Also, 77 per cent of us feel an increased feeling of brand positivity when a business personally responds to a social comment.

If you eliminate this interaction from your start-up, you could be alienating a whole sector of potential clients and consumers. It’s a cost-effective method to market your business and improve brand loyalty from the offset.

By removing — or not having — a social media presence on platforms your customers use will also look unprofessional. This will ultimately lead to not reaching your potential. Ensure you do your market research and utilise the platforms most suited to your venture.


As most business owners plan to hire a team of employees — or even just a sole member of staff — it’s important to brush up on your managerial skills. You may think you know exactly how to deal with people, but often this isn’t the case. Studies have found that half of the UK’s workers quit due to poor management. Worryingly, nearly one in five of us claim to lack trust in their boss, while 28 per cent believe their line manager is their ‘work enemy’.

Ensuring your management tactics correct straight away can help you build a strong workforce and build foundations to a successful team immediately. Good team management will spot any weak areas and quickly resolve them. It will also ensure employees feel involved and respected. Before you start your company, why not look into techniques that can benefit you going forward?


In conclusion, setting up a new business is never going to be easy and there are bound to be bumps in the road. Following these five steps and ensuring you have this covered is a great way to give you a push to success. Of course, there are a lot more factors need addressing, so be sure to fully prepare. After all, if you fail to prepare you should prepare to fail!












Marketing Business News - A north east public relations consultant has started building bridges to help him span the Atlantic Ocean to achieve a career ambition to work with businesses in the USA. Keith Newman, 57 from Morpeth runs Highlights PR from his floating office in Newcastle.

PR Firm Highlights Their Ambitions To Export To USA

Marketing Business News - A North East brand creative agency that works with some of the world s largest character licensing brands has expanded due to an exponential increase in workload and a desire to futureproof the company by investing in young up and coming talent.

New Staff have Designs on New Opportunities

Marketing Business News - There s no time to let sleeping dogs lie as a successful pet care business in Morpeth extends its lead in the canine business world. Cheryl Bolton formed Good Dog Walking in 2012 after she was made redundant and decided to work with the love of her life animals.

Walk into Work with Good Dog Walking

Marketing Business News - Three leading Wolverhampton digital agencies have formed a not-for-profit business group to raise the profile of the city s talent in the creative industries.

Creative Chain partnership launched to promote Wolverhampton digital talent

Marketing Business News - Creative agency Fluid Ideas is in the running for four accolades in a national awards scheme which recognises digital excellence. Derby-based Fluid Ideas has been shortlisted in the Drum Recommends Digital Awards, which are based entirely on client feedback.

Fluid Ideas in the running for four national awards

Marketing Business News - BNI Business Network International has announced it is launching hybrid networking in the UK from 1st October 2021 following an 8.1 pound-for-pound increase in business passed by members during the pandemic. BNI is the world s leading business referral organization with over 280,000 members in over 70 countries worldwide.

BNI Launches Hybrid Meetings

Ten Times Ten

We transform your bright ideas into brilliant digital products.