We have been working with start-ups in Wales for the past 20 years and while it is true that the economy has changed dramatically during that time, many of the key considerations have remained the same. The sad truth is that too many new businesses fail in the early stages and our hope is that we can play in a small part in reducing that number and help you avoid some of the most common pitfalls.
Find local help including business support organisations, local business networking groups and grants which are available in your area.
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Starting a new business can be an exciting and rewarding venture. If you're considering launching your business in Wales, this comprehensive guide will provide you with the necessary information, statistics, considerations, and resources to help you navigate the process successfully. From essential considerations to organisations that can provide guidance and support, this guide has got you covered.
Before diving into the details of starting a business, it's essential to consider a few key factors:
Understanding the entrepreneurial landscape and start-up statistics for different cities in the UK can provide valuable insights into the business climate. Here are some resources to explore:
Here are some organisations that can provide guidance and support:
Networking is crucial for establishing connections, gaining insights, and accessing potential opportunities. Consider the following platforms for business networking in Wales:
Here are some additional hints and tips to help you kickstart your business in Wales:
Starting a business in Wales offers a wealth of opportunities and support networks. By considering the essential factors, leveraging start-up statistics, and seeking assistance from organisations and networking platforms, you'll be well-equipped to embark on your entrepreneurial journey. Remember to plan diligently, seek expert advice, and stay resilient in the face of challenges. Good luck with your new business!
If you are thinking about starting a business, our FREE three-hour ONLINE workshop is definitely for you!
Open to everyone, our sole aim is to increase your chances of success. We do that by explaining:
The reality of running a business; the most common pitfalls and how to avoid them; which legal status is likely to be most suitable; funding, grants and managing your money; business planning and cashflow forecasting; finding and keeping customers.
Download the 2023 edition of our Free Start Your Own Business guide
An interactive step-by-step guide which also includes all of the most important subjects covered in an easy-to-read way with links to useful online articles and relevant contacts.
The idea of starting your own business can be incredibly exciting and who can blame you for being tempted?
However, the sad truth is that far too many new enterprises fail in the early stages. Our aim is to make sure that you don’t become one of them.
This guide explains the key start-up subjects in simple English.
There is also plenty of help available in the area and much of it is free - please do make the most of it.
'You don't know what you don't know' is a phrase that is so applicable to starting a new business.
Wales is a great place for start-ups but your chances of success are dramatically improved if you make the most of the support that is available locally. Click on logos to visit their websites.
100's of free startup articles
We have created a collection of 100s of startup articles to help anyone with whatever stage they are on with their business journey. Hundreds of thousands of people have gone before you and we can learn from what they got right and avoid the things that have been proved not to work so well.
You can see the full list of 'articles' at: How to start a business