So, you’ve got a brilliant business idea bubbling in your mind. Maybe it’s something you’ve dreamed about for years or maybe it came to you in a flash of inspiration. Either way, you’re feeling that fire in your belly and you’re ready to go for it. But where do you start?
Starting a business in the UK is exciting, but there are a few key steps you really don’t want to miss. Let’s walk through them so you can move forward with clarity and confidence.
1. Choose Your Business Name – and Claim It Fast
Once you’ve settled on the perfect name (yes, the one that made your heart do a little somersault), secure it immediately.
- Buy the domain name as soon as possible. Even if you’re not building your website straight away, owning the domain protects your brand. You can grab it from platforms like GoDaddy, 123 Reg, or Namecheap.
- Snag the social handles too – Instagram, Twitter (X), Facebook, LinkedIn -whatever platforms fit your audience. Consistency across channels helps people find and trust you.
- Check Companies House to see if the name is already registered by another limited company. Even if you’re starting as a sole trader, it’s smart to know if someone else is using that name in a formal capacity. You can search for free on the Companies House website.
A strong, protected name is your first building block. Don’t skip it.
2. Decide How You’ll Operate: Sole Trader or Limited Company?
Image of someone confused looking at computer or paperwork
In the UK, most small businesses start as sole traders – it’s quick, easy, and low-cost. But if you want to separate your personal and business finances, or you’re planning to grow, registering as a limited company might make more sense.
Limited companies offer limited liability, a more professional image, and potential tax benefits – but they also come with more admin.
If you’re unsure, read our blog where we explain the benefits of being a sole trader vs setting up a limited company. (need to add new blog and then internal link can be set up)
3. Find a Good Accountant (And Get Them Involved Early)
It’s tempting to try and DIY your finances in the beginning, but having a reputable accountant on your team from the start can save you a world of stress.
They’ll help you:
- Decide on the right business structure
- Register for taxes
- Set up bookkeeping systems
- Understand allowable expenses (yes, that laptop might be claimable!)
- Avoid HMRC penalties
Ask other business owners for recommendations or check reviews online. A good accountant isn’t just a numbers person; they’re a business ally.
4. Understand Self-Assessment (It’s Not as Scary as It Sounds)
If you’re earning money from your business, you need to let HMRC know by registering for self-assessment. This means you’ll be responsible for:
- Filing a tax return every year
- Paying income tax and National Insurance
- Possibly registering for VAT, depending on your earnings
It sounds daunting, but with a little organisation (and maybe that friendly accountant), it becomes a manageable rhythm of your business life.
Start learning the basics early, HMRC has free webinars and guidance, and there are countless YouTube videos and articles to break it down step by step.
5. Get to Know Your Market (So You Can Actually Reach Them)
You could have the best product or service in the world, but if no one knows about it, you won’t get far.
That’s why marketing matters from day one.(add importance of marketing blog and this internal link can be set)
- Who is your audience?
- Where do they hang out online (or offline)?
- What problem are you solving for them?
- What makes you different?
From branding to social media strategy, email newsletters to paid ads – there’s a world of tools at your fingertips. Start small, stay consistent, and always stay learning.
Free resources like HubSpot, Canva, Google Digital Garage, and Mailchimp are brilliant places to start. And remember people connect with people, so don’t be afraid to show your personality!
Final Thoughts: Don’t Wait for “Perfect”
Image of someone celebrating
Starting a business is a journey full of learning curves, small wins, and big dreams. Don’t get caught waiting for the “perfect time” or the “perfect plan.”
Do your homework. Secure your name. Find support. And start.
You don’t have to know everything today but Pixel can help you take that next step.
To guide you further as you get up and running, why not read our blogs on The Importance of Brand Guidelines and Tips for Logo Design – the next steps in your business journey.
