Useful Start-up Information

There are a lot of things to think about when starting and running a business. Useful information on a range of relevant topics is shown below.

Please Note: The Prince's Trust cannot take any responsibility and makes no warranties, representations or undertakings about the content of any website accessed by hypertext link and links should not be taken as an endorsement of any kind. The Prince's Trust has no control over the availability of the linked pages.Make it Happen

Make it happen book

The Prince’s Trust has published its first business start-up guide, "Make it Happen: The Prince’s Trust Guide to Starting your own Business". The book captures some of The Trust’s 27 year experience of supporting young people to start their own businesses.  It is a practical and accessible guide that provides advice on everything from defining your business idea to writing a business plan.

Start Up Donut

A wealth of information, written in bite-sized chunks, to help explain everything you need to know in the critical pre-start and early trading phases. All the key areas are included – validating the business idea, business planning, finance and tax issues, premises and law, sales and marketing, employing people and managing IT. And if you want to explore more areas you can access the other Donuts, IT, Marketing and Law from the homepage. Access it here - http://www.startupdonut.co.uk/

Health and Safety

The Health and Safety Executive provide lots of useful information and free leaflets on their website www.hse.gov.uk. One of the most relevant leaflets is an introduction to health and safety in small businesses, you can access it here

HMRC

You must register as self employed with HMRC (HM Revenue and Customs) within three months of starting your business. Information on registering, plus lots of other useful information relating to topics below can be found on their website www.hmrc.gov.uk

  • Self assessment tax returns
  • VAT
  • National Insurance

 

HMRC offer lots of free workshops on topics such as:

  • Becoming self employed
  • Taking on your first employee

These can be booked here 

Their e-learning, developed in collaboration with The Prince's Trust, guides you through the basic of what you need to know when starting up a business. Click here to get started.

Horsesmouth

Horsesmouth is a social network for informal mentoring, where you can give and gain advice on lots of different topics - business, relationships, health, beliefs and many more. You can search for a mentor, be a mentor, or simply browse the inspirational profiles and stories on the site. It's safe and it's free.

Social Enterprise Coalition

If you’re thinking of setting up a Social Enterprise or just want to find out more about what being a Social Enterprise means, this website can tell you more about the business model, the benefits of being a Social Enterprise and where to go for support, advice and events.

Understanding Credit Scores

Credit scores can be confusing to understand but they are very important when you are trying to access start up funding. We have produced this factsheet to help you understand what they are, how they are calculated and how you can try to improve your score.

Citizens Advice Bureau

Citizen's Advice Bureau provides benefits, debt and employment advice in British Sign Language which can be found on their website.

Code of Practice for Leasing Business Premises

The aim of the Code is to promote fairness in commercial leases and increase awareness of property issues,  especially among small businesses, ensuring that occupiers of business premises have the information necessary to negotiate the best deal available to them.  Read more here

The A-Z of Young Businesses

Read about young people who have set up businesses with the support of The Prince's Trust in our A-Z of Young Businesses, in partnership with RBS.

The A-Z of Young Businesses

Interested in setting up your own business?

The Prince's Trust helps thousands of small businesses get off the ground each year.

Our Enterprise programme offers a brilliant package that includes cash, mentoring and practical support, including business plan writing workshops and financial planning.

Find out how we can help

Enterprise