Learning to run a business

[MasterSensei]

Recently I've had an amazing opportunity present itself I've been given the chance to run part of a local business. It's something that is far more flexible should bring in more money I know I'll love doing it and I'll get to spend a lot more time at home.

Only problem is I have absolutely no idea how to run a business, I'd be setting up in a new area from scratch. I know I'll be fine running it it's more the financial side of it.

Is there anyone who was in a similar situation when they started their business, any tips? Anything I might not have thought of?

[sasparilla1]

What do you mean by the financial side? Do you need to raise funds or is the actual accounts side?

I have a cash flow spreadsheet that I find invaluable. I could use my accounts package, but I prefer my spreadsheet as I can shunt figures around etc.

[BellaNgo]

Hi @MasterSensei, first off, congratulations!

I would suggest figuring out the areas in which you need guidance/support and speak to the team to see if any of these skill sets/knowledge can be shared.

I would also suggest enrolling yourself in an Incubator programme where they teach you the basis of entrepreneurship : how to validate new ideas and launch them.

Alternatively, I highly suggest to check out Lynda.com - it’s a website full of short courses taught by professionals. If you have identief the areas you want to learn, Lynda can help you do the rest :).

HTH!
Bella

[annateresa]

Hi
What kind of business do you want to start? There are lots of business courses everywhere. Ask your local council. You will also need a good accountant at some point.

[Hoppinggreen]

It’s not MLM is it?
If not, congrats. What help exactly do you think you need?
If you are specific someone may be able to help on here
Have you researched your market properly? Is there a real need for it in the area?

[EsLewis]

Where are you based? If you live/can make it to London in March, there's a month of mostly free events in Wandsworth, South West London that are for people who are starting out or wanting to grow their business. You can have one-to-one advice from experts who specialise in many aspects of running a business (legal experts to social media experts) across all sorts of topics.

This is the website: //www.wandsworthenterprisemonth.biz