Comments on: Start a new business now? http://www.fbnews.net/business-management-news/start-a-new-business-now family business management news Thu, 18 Nov 2010 11:26:15 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: just trying to make a difference http://www.fbnews.net/business-management-news/start-a-new-business-now/comment-page-1#comment-178 just trying to make a difference Wed, 13 Jan 2010 17:41:59 +0000 http://www.fbnews.net/business-management-news/start-a-new-business-now#comment-178 I started my business as a lone parent, aged 25. I had been claiming income support for a short while after separating from my partner and had no intention of trying to survive on income support. i discussed my ideas with my jobcentre plus adviser and got put onto a business start up scheme. then with a little £ help from the adviser discretion fund (ADF) for some start up costs (ie a printer, shredder, mobile phone and office chair) within 4 months i'd started my business and moved onto working tax credits. as working tax credits were much more than income support it didn't really matter if my business didn't earn anything for a while as i was still better off, the only requirement being that i put in 16 hrs+ so i was still entitled to the working tax credit. this gave me time to build up my business and work on low cost marketing to get it off the ground. one thing i can say is that it was the best thing i ever did and gave me and my daughter a better future. if you have the chance then i'd urge you to give it a go. if you are worried about the current economical market then stick to a low risk idea which isn't going to lose you any money but has the potential to bring in some income and introduce you to the business world - then you'll have much more experience and confidence once the economy improves and you'll be able to achieve much more with the right service or product. good luck with all your ideas. Rebecca x<br><b>References : </b><br> I started my business as a lone parent, aged 25. I had been claiming income support for a short while after separating from my partner and had no intention of trying to survive on income support.
i discussed my ideas with my jobcentre plus adviser and got put onto a business start up scheme. then with a little £ help from the adviser discretion fund (ADF) for some start up costs (ie a printer, shredder, mobile phone and office chair) within 4 months i’d started my business and moved onto working tax credits.
as working tax credits were much more than income support it didn’t really matter if my business didn’t earn anything for a while as i was still better off, the only requirement being that i put in 16 hrs+ so i was still entitled to the working tax credit. this gave me time to build up my business and work on low cost marketing to get it off the ground.

one thing i can say is that it was the best thing i ever did and gave me and my daughter a better future. if you have the chance then i’d urge you to give it a go. if you are worried about the current economical market then stick to a low risk idea which isn’t going to lose you any money but has the potential to bring in some income and introduce you to the business world – then you’ll have much more experience and confidence once the economy improves and you’ll be able to achieve much more with the right service or product.
good luck with all your ideas. Rebecca x
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]]> By: Cornish Granny http://www.fbnews.net/business-management-news/start-a-new-business-now/comment-page-1#comment-177 Cornish Granny Wed, 13 Jan 2010 17:01:59 +0000 http://www.fbnews.net/business-management-news/start-a-new-business-now#comment-177 I honestly would not do it at the moment. I suppose it does depend on what sort of business you are thinking about. But all business's require capital and you will need an income live on. It would be awful to get into debt. I expect we could help if we knew what you were thinking of doing. There's no shame on staying on benefits until the economy picks up and you can use the time to prepare a business plan. Just think 'I won't be claiming benefits for ever I have a plan, but it's not the right time'. Good luck<br><b>References : </b><br>retired business owner. I honestly would not do it at the moment. I suppose it does depend on what sort of business you are thinking about. But all business’s require capital and you will need an income live on. It would be awful to get into debt. I expect we could help if we knew what you were thinking of doing. There’s no shame on staying on benefits until the economy picks up and you can use the time to prepare a business plan. Just think ‘I won’t be claiming benefits for ever I have a plan, but it’s not the right time’.
Good luck
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retired business owner.

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