Money-Saving Ideas for Start-Up Enterprises in Bath
All great things come from small ideas. For anyone that ventures down the path of starting your own enterprise, it all begins modestly. Start-up enterprises or companies often arise from humble beginnings. That can mean using a home office or a garage to get things going.
Many people have an idea of what they dream of doing as they sit at their nine-to-five job in a stuffy office. For that brave few that take on the challenge of going it solo, it’s always handy to have a few options. There are various ways you can find a home for your state-up in Bath.
Top Tips for Start-ups in Bath –
One of the temptations of going it alone is to jump in straight away. You’ve finally made the decision; the idea is solid; your business plan is nearly complete. It’s time to hand in your resignation letter. In fact, there’s already a draft ready. Hold your horses, take a deep breath and a timeout. Yes, it’s exciting to think of the road ahead for your enterprise. The problem is, you’ll need some capital to get everything off and running.
Unfortunately, the best way to do that is to stick it out at the day job for a while. If you put a set percentage of your salary into a savings account every month, in one year, you’ll have a fair amount of money. So, buckle up and hold in there for as long as you need to.
Remember, you need to try and put enough away also to pay yourself a small wage, in addition to the initial costs. That’s why it’s vital that you create a stable budget and business proposal. Costs will need to be as accurate as possible, so if you know someone that knows their stuff, it’s time to beg for a favour. If it makes you feel more at ease, you can offer to trade service with them in place of payment.
Aim to keep costs low and look for affordable office space. Depending on what your line of business is, you may need some space to operate and store equipment or products. Investigate various options to see how you can keep monthly rental overheads low, as well as trimming any luxury or unnecessary items. i.e., you can cross the company car off your business proposal.
How Storage and Man & Van Services Can Help –
Starting your enterprise will involve a lot of research, compromise, and keeping a manageable budget. Furthermore, the real challenge with a start-up enterprise is the ability to be flexible and think outside of the box. That means considering alternative workspaces, and we have just the idea in mind.
Storage units make excellent alternative workspaces for many reasons. All you need is a desk, a Wi-Fi router and a computer and you’re ready to go. It’s a no thrills approach to workspaces, but the benefits are worth it.
Firstly, the cost of renting a self storage unit from Thomas Firbank is vastly cheaper than the cost of commercial rental properties. Not only that, you won’t have to sign a one or two-year lease. You can keep your self storage unit for as long as you need.
Secondly, you can upsize to a bigger unit if your company begins to grow and you need more space. If you rent an office or factory space, once you sign on the dotted line you’re obligated to see out your lease before you can move. Remember – it’s all about being flexible.
The third and final point, you can store any products you make or equipment, as well as any personal items, all in the same unit. Your things are safe and secure from damage of theft, and you can access your unit whenever you need to.
Thomas Firbank – Bath’s Number One Choice for Start-Up Enterprises and Small Businesses –
Thomas Firbank works with hundreds of entrepreneurs and small business owners every year. And the one main piece of advice we can give any new business owner is to keep costs low. Surviving the first year of trading is your number one priority. It’s a precarious time, and many start-ups don’t make it past the twelve-month mark. The Thomas Firbank team are here to assist you to do just that.
For our business customers, our ranges of services fit their requirements, and they like the flexibility. Several start-up entrepreneurs come to us to rent a small storage unit and then upgrade within a few months. By keeping their monthly costs low, they have more cash to use when they need to.
The Thomas Firbank team have been providing storage in Bath for twenty years. Moreover, we call Bath our home, and we believe in providing the highest level of customer service. We cover the whole of Somerset and Wiltshire. Our team can store any number of items, and we have all the right tools and equipment to get the job done.