Starting a new business?
Last updated on 4/25/2016 Print this page
So you have a great idea and are at the beginning of the road
to starting your own business. Like most people, you’ve
probably got a lot of questions to ask, are unsure where to start
or need to talk your ideas through with someone.
First and foremost, you need to ask yourself if
you’ve got the skills, personal qualities, time and
determination. If the answers are yes, then you’re
already on your way to making a successful business. ........
Researching your idea is
vital at the early stages of developing your business.
Understanding your market, your potential competitors, your
pricing, and the support you can access through family, friends,
business networks, and other experts such as those at the
To make your business idea become
reality, you’ll also need to consider a number of
- How will you make an income
- How will you finance your
- Who will want to buy your
services or product?
- How much will your customers
be willing to pay?
- What will it cost you to set
up the business?
- What premises do you need /
will it be home based?
- Are there insurances and legal
The University of Hull can offer you help you
get your business idea off the ground, through its advice clinics,
events and workshops, research and technical
We can also provide introductions and point
you to other Sources of Support .
If you are a current student or recent graduate
then there is additional support available to you. Our Student and Graduate Enterprise section explains
Visit our gateway for
the Start-up Donut for advice in getting your business idea
off the ground