Sources of Help and Support in Developing a New Business

Understanding Business Advisors

Business advisors are people with experience in the business world who can offer advice and best practices.
They can be individuals - such as mentors or coaches - or organisations, like business growth hubs or the local chamber of commerce.
These advisors can provide valuable insights into different aspects of business, including setting up a business, managing finances, and marketing your goods or services.

Business Support Organisations

There are many organisations available to offer support, advice, and assistance to new businesses.
The government provides a range of resources through websites like GOV.UK, from advice on business planning to information on tax and legal requirements.
Business start-up support services can offer guidance on writing a business plan, securing financing, and ensuring your business is legally solid.
Local Enterprise Agencies offer free one-to-one advice sessions, workshops on a range of business-related topics, and mentoring.

Networking Opportunities

Attending business networking events provides opportunities to connect with like-minded people, learn from their experiences, and even establish potential partnerships.
Joining online communities related to your industry can provide real-time advice, feedback, and ideas.
Networking can also put you in touch with potential clients, suppliers, or collaborators for your business.

Financial Support

There are many grants, loans, and funding opportunities available to new businesses, often from government or local authority initiatives.
Some organisations offer start-up funding specifically for young entrepreneurs or those setting up in certain areas or industries.
Banks and credit unions can offer advice on opening business accounts, as well as information on loans and other types of finance.

Educational Resources

Training courses and webinars can be valuable resources for developing new skills or expanding on existing ones. Many are available online, often for free.
Books, podcasts and online articles on business topics can also be an invaluable source of knowledge.

Legal Support

Legal advice is important when setting up a business to ensure compliance with laws and regulations. This can be accessed through legal professionals or specialist websites.
Support services such as legal aid can offer free or subsidised advice.
Information on legal requirements in business is also available from federal, state, and local authorities.

Operational Support

Technical support services help with IT-related issues that new businesses may face.
Physical resources, like coworking spaces or hubs, can provide a place to work, as well as access to shared equipment.

Remember, seeking help and support is not a sign of weakness, but a crucial part of the entrepreneurial journey towards developing a successful business.