Setting up your own business during the pandemic

With many employees being furloughed over the past 12 months or made to work from home, it comes as no surprise that the number of people wanting to set up their own business has increased. This could be due to the fact that they have realised they like working from home or maybe whilst they were off work, they have managed to find the time to plan out how they can bring their product or service to market. Depending on what industry you are wanting to start up it, now may be a great time to open a business. Businesses which are within the hospitality and worldwide travel may be a little worrisome, but businesses that are predominantly online and offer a service or products that are going to be used now and, in the future, may do really well.

Before stating up any business, it is a good idea to have a business plan and work out what risks are involved. See how much money you will need to put into it to start with and what your return is likely to be. You may be able to get a start-up loan or you may be able to find investors who would be willing to put up the capital to get the business off the ground.

Back To Top