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Ask the experts - Jane Peters, 19Legal

Thinking of starting your own business? Jane Peters, Founder of Nineteen Legal, gives us her top five reasons why you should.

  1. Being your own boss If you have your own business, the only person you have to answer to is yourself. Being your own boss give you the freedom to do things your way and implement your own plans. Of course success or failure is down to you but that’s very often what motivates you to go it alone in the first place.

  2. Doing what you love The great thing about being an entrepreneur is that you can choose what kind of business you start up and where. Always do your research properly to ascertain whether there is a gap in the market. You can even turn a hobby into a profitable enterprise.

  3. Work by your own rules Setting targets and meeting them can be a huge motivator to work hard and drive your business forward.

  4. Lots of support out there There has never been a better time to do it. Over the past few years several measures have been introduced that should make it easier to go it alone and help small businesses get off the ground from the Business Growth Hub’s Growth Start-Up team to government-backed loan guarantee scheme, the Enterprise Finance Guarantee, the Prince’s Trust Enterprise Programme, and other local organisations offering funding and support.

  5. Making a fortune or at least enough to live There are countless stories of entrepreneurs hitting on a great idea, exploiting it and being well on their way to making their first million by the end of the year. Be under no illusion, the start-up process is tough; working long hours for little or no money is not uncommon but if you have the desire to succeed and run your business well, the rewards can be huge.

It is imperative that you obtain sound legal advice prior to taking the plunge. As I say to clients, it’s not a case of one size fits all, every business is different and you don’t know what you don’t know but it doesn’t have to cost a fortune. Pro-active legal planning adds value to a business and protects against future problems, moreover, like an insurance policy it offers peace of mind, allowing you to be free to run and grow your business. If you would like to find out more about the legal aspects starting and running your own business the Business Growth Hub can put you in touch with a range of legal partners. Contact us on info@businessgrowthhub.com or call us on 0161 359 3050.

Nineteen Legal offer specialist advice to entrepreneurs and businesses of all sizes law@nineteenlegal.co.uk. www.nineteenlegal.co.uk

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