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Understand how much to charge to walk dogs as a business and hear from experienced dog walkers on how to run the business successfully. Pricing your dog walking business 10 min read Beginner's Guide Table of Contents Categories The importance of a robust business plan How much does the average dog walker charge How to price your dog walking business 1. Determine your value 2. How does the price of dog walkers in your area compare? 3. Calculate your running costs 4. Understand your market Dog walking business tips Conclusion Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office Setting up a dog walking business can be hugely rewarding. If you love dogs and want to be your own boss, there really is no better way to jump into the world of entrepreneurship. It’s also a great way to make money doing something you really enjoy. But, one of the biggest questions you’ll face when starting your business is how much do dog walkers charge? Getting your price right is vital. If you charge too much, you won’t get any customers. If you charge too little, you risk not making any money. Of course, you can set your price and then raise it if that’s the case, but that could mean you lose some of your customers. In this guide, we’re going to explore how to choose how much to charge your customers when starting a dog-walking business. We’ll let you know all about how important planning is, the average price for dog walking and where to start when creating your own pricing strategy. Because, without careful planning, your dog walking business might be in for a ruff start. The importance of a robust business plan Before you even get to the stage where you’re considering how much to charge your customers, you need to make sure you have a robust business plan prepared. Far more goes into setting your cost than simply licking your finger and plucking out a number. It takes careful consideration of several factors which should all be highlighted in your business plan. This includes: Market analysis Business structure Your services Your financial plan SWOT analysis (strengths, weaknesses, opportunities and threats) Your business plan is something of a business bible specific to your venture. How much does the average dog walker charge Getting an accurate idea of how much you should charge for your services can be one of the toughest decisions you face when setting up your dog walking business. It’s a fine line between charging too little and too much, and either could hurt your growth in several ways. One of the simplest ways to get an idea of how much you should charge your customers for dog walking services comes from analysing how much your competitors charge. We’ve looked at how much dog walkers charge in the top 50 populated towns and cities across the UK to find an average. Source: Rover However, before you use this figure as gospel and set your rates at £12, you need to look at various factors unique to you and your business, which we’ll explore below. How to price your dog walking business Looking at what competitors charge is a great place to start, but it shouldn’t be all you base your costs on. You’ll likely have different experience, training, skills, services, goals, outgoings, customers and competition, so pricing your business the same as others wouldn’t necessarily be accurate. Here are three key points to consider when setting your dog walking price list. 1. Determine your value One of your main considerations is likely to be setting a price that’s in line with your competitors, however, you need to determine your value and make sure that’s reflected in your price. Think about which of the following you have and how they set you apart from other similar businesses in your area: Experience walking dogs Qualifications and certifications Specialist skills Range of services Service customisations Additional services Reliability and customer service As a new business, even with a wealth of experience and skill, you might be wary about charging too much until you establish yourself and start to gain loyal customers and good reviews. So, it can be tempting to undercharge until you build your reputation. There’s nothing overtly wrong with charging low and then raising your prices, but this can result in a drop off in some customers. But, if they still consider your services value for money, then it may not impact you too much. 2. How does the price of dog walkers in your area compare? As part of your market research when putting your business plan together, a key part of your research should include looking at how much competitors charge in your local area. This may or may not be in line with the average price, but it can vary wildly depending on where you are in the UK. For example, some dog walkers in major cities such as London can charge as much as £20 per hour or more. In more rural areas, the hourly rate might be just half this much. Take a look at other dog-walking businesses in your area. Use Google and social media to find competing businesses and view their rate cards, services and experience to determine if you could charge a similar amount for a similar service. Another key consideration is how many dogs there are compared to dog walkers in different regions. If there are more dogs and fewer dog walkers in an area, it should mean, in theory, it’s easier to find customers. This also means you’re in a better position to charge more for your services. Read our guide to the most in-demand areas to become a dog walker for more information. 3. Calculate your running costs One of the major influences over the price you charge is based on your business’ running costs. The higher the cost of your monthly outgoings, the more you’ll need to charge to not only cover these costs, but also make a profit and make sure you’re taking home enough money to pay your own bills, save and invest back into your business. Think about how much it costs to run your business and how much you’ll need to charge to cover these costs: Transportation , including fuel, maintenance, MOT and insurance Insurance , such as public liability insurance and employers’ liability insurance if you have employees Licences and permits , which can vary depending on your local area Equipment , such as crates, GPS trackers, leashes, collars, poop bags and treats Marketing costs , including your website and social media advertising Administrative costs , such as the time it takes to invoice and schedule appointments Business fees , such as if you hire an accountant Training and certification costs for continued learning and upskilling It’s important to bear in mind that many of these costs can change. For example, fuel costs constantly fluctuate and your insurance premiums may rise. There may also be occasions where you’re hit with unexpected costs, which you should bear in mind when setting your price. 4. Understand your market Another key part of your business plan is outlining how well you understand your customers. Who is your target audience and how much will they be willing to pay for your services? There are many questions to consider when trying to understand your target market: Who are they (age, income, occupation etc)? Where do they live? What type of dogs do they own? What range of services are they looking for? How often do they want their dogs to be walked? Do they want additional services such as training or pet sitting? What time of day are they after? How long do they want walks to last? Do they need pick-up and drop-off services? What is their budget? How do they prefer to pay? Are they looking for a long-term dog walker? What are their main concerns? Do they require you to have full insurance and training/certifications? What are their customer service expectations? Are there any location regulations or restrictions? Dog walking business tips When you’re starting your dog walking business, you’ll probably have a boatload (kennelload?) of questions and concerns. So, to help you overcome some of your worries, we spoke to Clare Wainwright-Jones, who has been running Black Lab Dog Walking for over 6 years, to share some of her tips when creating a pricing model. “With pricing, every area is different, even in south Wales for example, Cardiff prices are more than Newport. I would advise someone to do some market research of their area, enquire with other dog businesses on what they charge for hour walks, and dog daycare and work out what pricing suits you from there. “I personally found it hard asking or pricing at a higher rate than other businesses as I was a new walker without a client base. However, I soon got confident in myself and when I had a few clients on board I actually stuck with the higher range of my area with all clients. This was a personal struggle though because as a person I hate asking for money. You just need to have confidence in yourself and your service that it is worth a higher rate. “I also offered a slightly discounted rate for clients who had four or more walks a week too, and discounts for dogs if I’m collecting them from the same house. “Some dog walkers prefer to keep the same price for all dogs, whether they have one walk or 5 per week, or if they have multiple dogs from one house, but I prefer to have a few options.” Conclusion Deciding how much to charge your customers is vital and can make or break your new dog-walking business. Make sure you carefully consider your costs and balance this with your skills, experience and services so your price reflects the services your customers will receive. Don’t forget to refer back to your business plan so every decision you make is in line with the overall vision you have for your business. If you're now ready to start a dog-walking business, check your business name is available and SUAZ will help you set up the rest. Recommended Readings

Depending on the business, average start-up costs are about £5k - but can be cheaper when you know how. Find out how much it costs to start a UK business here. How Much Does it Cost to Start a Business in the UK? 11 min read Company Formations Table of Contents Categories What are typical UK business costs? Research and learning Equipment and premises Branding Insurance Staff and payroll How to calculate your business costs Ways to minimise your startup costs Where can I get the money to start a business? Seek professional help Chase your business dream today Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office Chances are you've heard of the idea that you need to spend money to make money. But how much does it cost to start a business? From company formation and business registration costs to legal requirements, to payroll and insurance, recognising the actual costs of starting a business can make sure your idea is viable. While the average new UK startup is £5,000 , you can start your own company for a lot less when you know how. Here, we'll cover how much money small business owners need to start with and how with careful planning you can minimise these startup costs to get your business up and running without being out of pocket. What are typical UK business costs? So, how much money do you need to start your own business? You'll first need to identify the typical startup costs in the UK. We'll explore these startup business expenses in more detail below, but here are some typical costs you can expect to get you started. Company formation/legal costs: Legal costs will vary depending on the business structure you choose. In the UK, you need to register your limited company with Companies House to form your new business. You can either do this yourself through the Companies House website , which costs £50, or get us to take care of the formation process completely free of charge. Registering for taxes: You’ll need to register for Corporation Tax within three months of starting to do business. You can register for free or hire an accountant to sort it for you if you’d prefer. How much an accountant charges for small businesses will vary from £60 a month to £250 depending on your turnover and where in the UK you’re based. Business insurance coverage: What business insurance you’ll need will depend on your business structure and if you have employees. If you’re looking to hire people to work with you, you’re legally required to have employer’s liability insurance. You may also choose to take out public liability insurance if you regularly communicate with or serve members of the public. How much your business insurance will be will depend on the type you need and your cover limits. Branding: There’s no doubt you’ll want your business to stand out from the crowd. If you need help establishing your company’s image, our branding package is available for £190, which includes all your core branding elements. Alternatively, to keep costs down you may choose to hire a freelancer to put together a company logo for example. Domain: To support your professional image, you’ll want to register your domain. How much your domain will cost will depend on the type you choose - ‘.com’ sites typically range from £10 to £17 a year , whereas if you’re a tech business you may prefer a ‘.io’ domain which can cost you up to £70 a year. Now let’s explore in more detail the various startup expenses and business costs you’ll need to keep in mind when starting a business . Research and learning Not only is preparing to start a business time intensive - from researching the industry to writing a business plan - it can cost you money too. You may choose to take a management course to brush up on your knowledge and put you in good stead for your new venture. Startup costs vary depending on if you learn virtually or in-person, and where in the UK you’re based. Alternatively, there are a broad range of free online resources for you to take advantage of; from YouTube to online forums, to help you brush up on your knowledge. To make sure your business idea is viable, you might want to carry out some test trades - make sure to factor this cost into your business plan. Equipment and business premises Another startup cost to keep in mind is the equipment you’ll need to buy to get your business up and running. Maybe you’re looking to upgrade your laptop, or need a certain type of machinery. Ask yourself if you need to buy these items straight away. Could you rent the equipment initially to keep costs down? If you’re looking to stick to a budget, you may want to avoid renting a physical office space. Could you initially trade from your home to test your business idea before you commit to a workspace? If you’re looking to have a business address but want to cut down on startup costs, our virtual office package could be right for you. You’ll gain a virtual office address right in the heart of Manchester, to protect your privacy and maintain your professional image. Branding and marketing costs Another startup cost to consider is marketing costs and branding services to give your company an edge. Working with a branding or marketing specialist can help your business get noticed and increase customer loyalty, because once customers find a brand they love, they tend to stick with it. But how much does branding and marketing cost? It depends! The cost will vary depending on your marketing budget, what you're looking for and who you hire. Do you need a brand or digital marketing strategy or brand guidelines? Or just someone to help you create a logo? If you work with a branding agency, you'll usually be charged a monthly fee which will be based on the work you need doing. As mentioned, you could cut costs by hiring a freelancer to take care of your branding, market research, social media management and marketing strategy. Insurance Business insurance can protect you against accidents, theft and damage but the type of cover you need will depend on the type of company you’re starting and how you’ll run it. If you’re planning on hiring people, the only insurance policy that’s a legal requirement to have is employers’ liability insurance. This covers your business if one of your employees claims they’ve suffered illness or injury while working for you. If you don’t have employers’ liability insurance, you can be fined £2,500 for every day you go unprotected - so it’s not worth risking. The average cost ranges from around £61 per year for a single office worker, and up to £200-600 for a trade worker - but premiums will rise depending on the number of employees you have and the riskiness of the work you do. As you may expect, an office worker is cheaper to insure than a builder, for example. While not a legal requirement, professional indemnity insurance may be worth looking into. This insurance can protect you from the cost of compensating a client if you make a mistake, have been negligent, or offered them poor advice. The cost of professional indemnity can range £45 to thousands per year depending on the size of your business and the riskiness of your work. Staff and payroll Another startup business cost you’ll need to bear in mind is the costs of your staff and payroll. It’s easy to assume that your only expense as a small business will be your employees’ salary. But in reality, an employee costs more than just their wages. There are other costs of employment you’ll need to consider, including: Employer’s National Insurance Contributions: This is National Insurance you pay on your employee’s salary - which will vary depending on how much the employee earns and their National Insurance category letter. You’ll pay Class 1 National Insurance on employees’ earnings above the secondary thresholds, at 13.8%. Auto-enrolment pension contribution: In the UK, employers must offer a pension scheme for eligible employees. Employees can then choose to opt out of auto-enrolment should they choose to. Since 2019, the minimum total contribution has been fixed at 8%, with a minimum of 3% coming from the employer. Employers’ liability insurance: As mentioned, if you’re hiring employees you’ll need employers’ liability insurance as a legal requirement. How much this costs will depend on the number of employees you have and how risky your work is. PAYE payroll system: Using payroll software can make your business’ payroll easier to manage. If you choose to run payroll yourself, you need accounting software to report to HMRC. It can help you report information, work out how much you need to pay HMRC and calculate things like sick and maternity pay. The cost of these services can vary but on average you can expect to pay £10-25 per month . To help you find the best provider, HMRC has a list of software that is recognised by them. How to calculate your business costs We’ve listed several business costs above, some of which you may not have thought of - but try not to let that put you off. Thoroughly calculating how much your small business will cost can alleviate your worries and help you feel in control of things. Here are some tips to help you calculate your business costs: Identify your expenses: These are costs that are unavoidable. From insurance and employee salaries, to equipment and branding. Estimate your costs: Once you have your list of expenses, you can research how much these should cost. Some expenses will have clear costs published online, while others will be less certain right now, like your employees’ salaries. Don’t be afraid to reach out to companies and service providers to ask what they charge. Get a total cost: Once you have a list of potential costs, it’s time to add them up. From there, you can split these expenses into one-time costs and monthly expenses. One-time costs will be things you’ll need to get your business off the ground, such as equipment. Whereas monthly expenses will include salaries, office rent and bills. Plan your funding: Now you have a good idea of how much it will cost to start your business, you work out how you’re going to afford it. You may choose to take out a business loan , use your savings, or start crowdfunding. Ways to minimise your startup costs The more money you can save when starting out, the more you’ll have to grow your business over time. Here are some ways you could save money when setting up your business: Rent rather than buy: There may be some equipment you only need short-term, like a camera to take product photos. Could you borrow from a friend or rent it rather than buying one yourself? That way, you can see how much you actually use the equipment before you decide to buy. Online marketplaces: To keep costs down you could try selling your product online through sites like Etsy, eBay, Amazon or Business Support Club , before investing in your own website. Once your sales have blown up, you can get your own website sorted! Go paperless: Paper, ink and postage costs can add up quickly. You could go paperless by avoiding printing unless absolutely necessary, sending digital invoices and filing paperwork digitally rather than in a filing cabinet. Work from home: Do you really need to rent an office space from the get-go? You could test your business idea from home before you commit to a workspace. Tax relief: Look into the various tax reliefs and allowances you’re entitled to as a business owner. For example, if you’re self-employed you can deduct some of your running costs as part of your annual tax return, such as office supplies, insurance and bank charges. Where can I get the money to start a business? Now you have an idea of how much it’ll cost to start your business, you’ll need to work out how you’re going to finance your new venture. While you shouldn’t let money stand in the way of you chasing your dream, it’s important to make sure your business idea is both viable and affordable to avoid financial difficulties later on. Some ways you could finance your business include: Your own savings: While financing your business out of your own pocket may sound unachievable, with patience and accountability it can happen. Set yourself a goal, choose a savings account with a competitive interest rate and cut back on unnecessary living expenses. You’ll be surprised how much you can save! Business loan: A business loan works in a similar way to other types of loans. You apply through a bank and repay the amount through regular repayments. How much you’ll be allowed to borrow will usually depend on your credit score. Like any type of borrowing, make sure the debt you take on is affordable and that you’ll be able to keep up with the repayments. Crowdfunding: Another option to get your business up and running is crowdfunding, This involves you getting a ‘crowd’ to fund your new business. There are a few options such as donation-based funding where your contributors will donate money without receiving anything in return. With debt-based funding, those who donate will be repaid with interest. Government-backed loan: Another option is applying for the government-backed Start Up Loan . You can borrow anything from £500 to £25,000 subject to acceptance. Just bear in mind that you will be charged for your borrowing, at a fixed interest rate of 6% per year. Seek professional help If you’re looking to start a business, it’s likely you’ve been mulling over the idea for a while. To alleviate any worries, you may find it helpful to discuss your business idea with a professional. From how you’re going to afford to be your own boss, to any worries you may have, a professional can offer you valuable business advice to keep your worries at bay. You may choose to hire an accountant or financial adviser to help you make sense of your finances and check everything is in order. As you start to bring customers in and your business grows, an expert adviser can help you make informed decisions about hiring employees, investing in new equipment and keeping on top of your taxes and navigating any unexpected costs that crop up. Chase your business dream today Starting your own successful business doesn’t need to feel like hard work. Our company formation service can take the reins, from forming your own business with Companies House on your behalf, to supporting you every step of the way. You’ll have everything sorted in no time, boss! Apply to form your company with SUAZ today. Recommended Readings

Thousands of people set up businesses every year, each for different reasons. But what is a good reason to start a business? Explore more here. 12 Reasons to Start a Business Today 12 min read Beginner's Guide Table of Contents Categories 1. You understand your strengths 2. You know your niche inside out 3. You have something new to offer 4. Affordable, accessible and simple-to-use technology 5. Remote working is now the norm 6. Financial freedom 7. Be your own boss 8. Better job satisfaction 9. Use innovation and creativity 10. Grow your network and collaborate 11. It’s exciting 12. Support is readily available What’s stopping you from starting a business today? Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office Perhaps you're looking for a new challenge, or to tick a lifelong dream off of your bucket list. Whatever the reason, it’s never too late to start your own business. In fact, you may be left wishing you’d done it sooner! So, what are the main reasons for starting a business ? From being your own boss to financial independence, becoming an entrepreneur can be truly life-changing. But if you need a bit more convincing, we’ve put together this list of reasons for starting a business that are sure to inspire you. 1. You understand your strengths Starting a business that reflects your own strengths and interests ensures you’re passionate about your product or service, and have the motivation to succeed. If you’re struggling for a business idea, listing your strengths or passions is a good place to start. Passion is the driving force behind successful entrepreneurs, there to remind you why your business exists, should times get tough. Perhaps your friends would describe you as a creative person, and you love nothing more than getting your hands dirty. Or perhaps you see yourself as a culinary connoisseur, and love bringing good flavors to life, the UK’s Most Successful Food-and-Drink Startups may give you the inspiration boost to start. Starting an arts and crafts business may be right up your street! Whether you’re an impressive baker, wanting to start a food business , yoga teacher or gifted wordsmith, your talent could deliver a product or service that others will love. Starting a business gives you a chance to share your expertise and turn your talents into your livelihood. 2. You know your niche inside out Having expert knowledge of your product or service could stand your business in good stead to compete effectively in your industry. After all, a clear market niche or unique selling point (USP) helps to target customers who are genuinely interested in your product or service, and are more likely to buy from you rather than elsewhere. Take starting a restaurant as an example. Instead of opening an Italian restaurant that serves every Italian dish you can think of, you could focus on offering local dishes from a specific region of Italy. Or opening a pub or bar not because it seems cool, but because you’ve had first-hand experience solving waiting tables, which could offer the best customer service in town. Knowing your niche inside out can help to establish a level of trust between you and your customer, as you’ll be seen as an expert in your industry. 3. You have something new to offer While many people may be able to do what you do, they won’t do it how you do! Your approach or idea may be entirely unique, giving you the competitive edge to succeed. Perhaps you have a product idea that has never been done before, that you’re certain will take off. If you’re sure you have a new, exciting concept to offer and the enthusiasm to get you there, what are you waiting for? Starting a business and have no ideas ? We can help with that. 4. Affordable, accessible and simple-to-use technology There’s no denying that technology can be key to supporting your business venture, with 90% of all SMBs making use of digital communications tools . But you don’t need to fork out significant money on expensive tech for your business to thrive. Remember, the cost of technology to get your business up and running is usually a one-off expense, and doesn’t need to cost the Earth. Once you’ve got the technology and equipment to support your journey, you’ll feel ready to roll. See more on the costs of starting a business . 5. Remote working is now the norm The working world has certainly changed since the pandemic, with 44% of Brits working from home at least some of the time. So if you’re hesitant to start a business due to office rental costs, you’ll be relieved to hear that times have definitely changed and you can start a business from home . Remote working is a top reason to start a business - not only will you be able to maintain a healthy work-life balance, but you can also save on office rental costs. Looking for a business address but want to avoid renting a physical office space? Our virtual office service can offer you a professional office address for you to establish a professional image, all while having the freedom to work from wherever you like. 6. Financial freedom One of the more obvious reasons for starting a business is making money - you can’t underestimate the financial freedom that starting your own business can bring. When working for an employer, there’s usually a cap on your salary unless you’re on commission or receive a bonus. Whereas, when you’re your own boss, the financial possibilities really are endless! As a business owner, you get to decide how much you charge and the hours you work. And if you’re in need of some extra cash, you could up your prices or put in some extra hours. 7. Be your own boss Say goodbye to the 9-5, company procedures and Monday morning meetings. When you start your own business, you’re in the driver’s seat. Perhaps you’ll work a four-day week, offer your staff unlimited annual leave or put a stop to Friday afternoon calls! What you say goes. 8. Better job satisfaction Considering the average retirement age in the UK is 64.5, dreading Monday morning should really be avoided, right? When you’re a business owner, the Sunday scaries really are a thing of the past. Your business will be something you truly care about, enjoy and feel motivated to get up for every morning. 9. Use innovation and creativity Consider yourself a creative person? There’s no better way to use your forward-thinking than starting your own business. Creativity challenges the norm and embraces innovative ideas, which can help you create products or services that are sure to make their mark in your industry. If your product or service is out of the box, you’re likely to outshine competitors and capture the attention of potential customers. 10. Grow your network and collaborate Starting a business opens the door to collaboration, meeting like-minded professionals and learning from others. You could attend conferences and networking events for entrepreneurs to grow your industry knowledge. One thing’s for sure, there will be plenty of others in your position who are eager to meet and support you! 11. It’s exciting If you’re looking for reasons for starting a business, the excitement of new beginnings should be enough to convince you. While the unknown may sound daunting, it’s exciting too - the possibilities are truly endless and there are no limits to what you can achieve. You’re in charge of your own destiny and what your business can become, and there’s no better feeling than that. 12. Support is readily available We’re not going to downplay it - starting a business is a big deal, and it’s only natural to have worries about your dreams not going to plan. But you’re not alone in this new chapter. There is a wealth of information available online on how to start a business that can put you at ease. The government also has a Business Support Helpline for free advice about starting your business and financial support you may consider. In need of a helping hand? Our experts here at SUAZ are readily available whenever you need them to guide you through the company formation process . What’s stopping you from starting a business today? There are two things that are important to start a business - a great business idea and the motivation to get you where you want to be. We believe you have what it takes to make your dream come to life. The reasons to start a business listed above should show you that there’s no feeling quite like being your own boss! Our expert company formation service is there to guide you through the process of forming your company, with support there whenever you need it. There’s no reason to wait - form your company today with SUAZ. Recommended Readings

Discover the latest trends in self-employed survival rates in the UK for 2025, along with tips for thriving as a self-employed professional in today's economy. The UK’s self employed survival rates for 2025 10 min read Beginner's Guide Table of Contents Categories What is self employment? Top performers: The best self employed survival rates How to thrive as a self employed professional in 2025 Master financial planning Prioritise networking and your connections Invest in ongoing education and mentorship Develop your online presence Ready to kickstart your business? Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office Ready for a fresh start where no two days are the same? Starting your own business could be just what the doctor ordered. But if you’re new to entrepreneurship, becoming self employed in the UK can feel like a minefield. As of 2023, 4% of new businesses ceased trading by the end of the first year and 50% within just three years of opening, which can leave you feeling apprehensive. But you’ll be pleased to hear that many self-employed professionals do survive and thrive . In fact, we’ll prove it to you. We’ve uncovered the business survival rates for those self employed, using Companies House data. With this insight, you’ll know which industries are most risky and which are most resilient, to improve your chances of business success. What is self employment? Being self-employed means earning a living from your own business, rather than working for an employer. So you’re essentially working for yourself. Those who are self-employed are usually highly skilled in a particular area or industry, such as writers, tradespeople or lawyers, and many call themselves freelancers . Ultimately, those who are self-employed run their businesses for themselves and are responsible for its success or failure . Top performers: The best self employed survival rates When it comes to new business survival rates for those self-employed, certain professions came out on top. The best-performing self-employed job in recent years is dentists, with 1,595 new dentistry businesses being set up in 2021, and 1,347 still active in 2024 - an impressive 84.5%. Other resilient business areas include vets, with 68.7% of businesses that formed in 2021 still thriving in 2024, and solicitors with 68.4%. A key similarity between these professions is their nature - each of them offers an essential service to the public. Dentists and vets provide essential medical care, while solicitors offer legal advice and support. These services are consistently in demand and aren’t affected by popularity, trends or shifting consumer preferences. The same can be said for electrician businesses, with 59% of those formed in 2021 still going strong today. Electrical work is a necessity in both residential and commercial environments, so it’s no surprise that so many electrician businesses are successful. There’s also a consistent need for electricians, whether it’s new construction, emergency repairs or renovations, their services are always in demand. To improve your chances of business success, you may want to focus on an industry or field that is consistently in demand or essential, to ensure your services remain valuable and competitive, regardless of economic conditions or changing market trends. How to thrive as a self employed professional in 2025 If you’re looking to start your own business, you want it to flourish, right? After all, without a solid cash flow and regular customers, you’ll struggle to maintain financial stability and have the grounds to grow your enterprise. We’ve put together some simple but effective tips to boost your business’ longevity and ensure success. Master financial planning Financial stability is the backbone of any successful business - without it, you won’t have the funds to earn an income or watch it grow. Budgeting wisely is key. Track your income and expenses carefully to ensure you have enough to live on and a budget for growth opportunities. Try to build an emergency fund where you can - this serves as a safety net so you have the funds set aside should you encounter any challenges, such as market fluctuations or emergencies. Writing a business plan can help you with your financial planning. You’ll cover forecasted sales, cash flow and expenses, so you have a complete picture of your business’ finances. Looking to grow your financial knowledge? Working with an accountant or financial adviser can help you manage your taxes, streamline your cash flow and give you the confidence to manage your finances effectively. Prioritise networking and your connections Remember, every business owner in the world was once in your position. Use your network to your advantage and build strong relationships you can rely on. You can use social media platforms like LinkedIn and Instagram to showcase your expertise and connect with like-minded professionals. There’s more to networking than just digital connections - you could attend conferences, networking events and workshops to get your name out there and even find new job opportunities. Invest in ongoing education and mentorship There’s no such thing as knowing too much. Investing in your education can work wonders for your business. Keep up with the latest trends by reading industry publications, attending webinars and following experts in your field. Not only will this keep you equipped with changes and advancements in your industry, but it also increases your marketability. You could even find a mentor to support you on your business journey and help you grow your skills. You’ll have an experienced guide at hand to offer valuable insights, advice and experience to guide you towards business success. Develop your online presence Having an online presence as a business is no longer optional. Having a professional website to showcase your services is crucial to get your business’ name out there and connect with potential customers. Make sure your website is optimised for search engines, known as SEO, to attract potential clients and increase your business visibility. Use social media platforms to build brand awareness and make your customers remember you. A strong digital footprint is crucial for building a reputation and standing out from your competitors. Ready to kickstart your business? One thing’s for sure from our findings - the more your customers need or value your business services, the more likely it is that your business will thrive. Let’s take the performing arts sector for example - while not an essential service, performing arts remains a thriving business venture by providing entertainment and escapism, with 58.1% of performing arts businesses still thriving three years after formation. The top-performing professions often focus on offering essential services that are consistently in demand, ensuring a steady stream of clients regardless of economic change or market trends. But there’s more to business success than the sector you operate in. Focusing on financial planning, investing in your education and developing a strong online presence is crucial for business growth as a self employed professional. So, what are you waiting for? If you’re ready to start your self-employed business venture, we’d love to be a part of your journey. Start Up A-Z is here to support you every step of the way. You can form your business for free (yes, really!) and you’ll have our support there whenever you need it. We believe you have what it takes to thrive. Recommended Readings

If you're choosing to start a business whilst on universal credit or some other benefit, it is important you understand the cost implications. Read more here. Can You Start a UK Business While on Benefits? 10 min read Beginner's Guide Table of Contents Categories An overview of starting a business on benefits Understanding Universal Credit and self-employment Legal and financial considerations Legal implications Financial planning Practical steps for starting a business on benefits Research and planning Utilising support services To conclude… Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office While your financial circumstances shouldn’t stop you from chasing your dreams, it’s understandable if you’ve asked ‘can I start a business while on benefits?’ After all, funding your business is an important step in your business journey and you may question if you can become a business owner while on Universal Credit. But your financial circumstances shouldn’t stop you from achieving your life goals. If you’re looking for support to get you started on your business journey, look no further than SUAZ. We’re a free company formations provider , who’d love to help you on your road to success. Below, we’ll answer ‘can you start a business on Universal Credit?’. We’ll also cover the key considerations of becoming a business owner while on benefits so you’re fully prepared for your next chapter. An overview of starting a business on benefits Knowing where to start a business can feel tricky, regardless of your financial circumstances. But if you’re claiming Universal Credit or other benefits, you may feel concerned about where to begin, or question if it’s possible to start a business in your situation. You’ll be pleased to hear, however, that the government encourages those claiming benefits to start or run their own businesses, and even offers support to get started. If you’re looking for support when starting your business, the government offers free advice through their Business Support Helpline . From writing your business plan , to navigating business tax, there are experts at hand to guide you in the right direction. Understanding Universal Credit and self-employment Usually, when you’re self-employed and claiming Universal Credit, you’re treated as if you are earning a certain amount - known as the ‘minimum income floor’. This is the amount of money an employed person in similar circumstances to you would earn on the National Living Wage or National Minimum Wage, once tax and National Insurance have been deducted. Should you earn more than this amount in any month, your actual earnings will be looked at instead to determine your Universal Credit payment . But as a new business owner, you may be entitled to a 12-month ‘ start-up period .’ This means the minimum income floor won’t apply to you for the first 12 months, to give you the opportunity to grow your business. This means that regardless of your income as a new business owner, your Universal Credit payments are based on your actual monthly earnings. During this time, you won’t need to look for other work and you’ll also receive support from a Jobcentre Plus work coach. You’ll find out if you’re eligible for a start-up period at your self-employed interview. Legal and financial considerations Before you get started on your business to-do list, you must get to grips with the legal and financial considerations of starting a business while on benefits . Legal implications If you claim benefits, you’ll need to bear in mind how your business may affect your benefit entitlement. If your business is registered as a limited company and you claim Universal Credit, the limited company structure will be ignored if you have a trade or property business and your position works similarly to a sole trader. In simple terms, directors of their own companies are often treated as self-employed when it comes to Universal Credit. When it comes to claiming Universal Credit as a business owner, you’ll need to demonstrate that your self-employment is your main source of income. This includes having proof that you get regular work from self-employment, your work is organised (you have invoices and receipts, or accounts) and that you expect to make a profit. To do this, you’ll need to give your work coach evidence of your tax returns, accounts and any business plan, your Unique Taxpayer Reference (UTR) if you’re registered for Self Assessment, your marketing materials and your customer and supplier lists. Once you’ve shown all of these items, you’ll be seen as ‘gainfully self-employed’ and won’t need to look for other work. This means you can focus on growing your new business. You’ll need to report the following at the end of each monthly assessment period: How much you’ve earned that month from self-employment, even if it’s nothing Any money you’ve paid into a pension The payments going into and out of your business If you forget to report your earnings on time and don’t have a good reason why you missed the deadline, the Department for Work and Pensions will usually stop your Universal Credit claim until you report your earnings to them. Financial planning You'll also want to consider the other costs of starting a business , it’s important to remember that if your earnings change each month as a new business owner, your Universal Credit payments will do the same. This can make it difficult to stick to a monthly budget, especially if you don’t know how much you’ll take home each month. Remember - if you’re gainfully self-employed, your UC payment is likely to be calculated using a minimum income floor. But if you earn more than this from your self-employment income, your UC amount will be calculated based on your actual earnings. To help you manage your finances month-to-month, you may look to pay your income tax and National Insurance monthly rather than annually. This is known as a budget payment plan and works like a monthly direct debit. You’ll get to choose how much you pay each and how often, to help you keep on top of your finances. This could alleviate financial worries as you’ll know how much money you have left to work with each month once your bills are taken care of. Take a look at the government’s Self Assessment payment information for more details. Practical steps for starting a business on benefits We’ve covered the legal and financial implications of starting a business on benefits, but how do you get started? Below, we’ve put together some practical steps for starting a business while receiving Universal Credit or other benefits. Research and planning Like most things in life, research and planning is key to achieving your goals and shaping success. Not only does researching your business’ target market help you connect with potential customers, it can also give you a competitive edge in your industry by creating something new and distinctive compared to your competitors. Thorough research is also key to risk mitigation. By planning ahead, you can minimise the chances of unexpected issues threatening your business’ success. When it comes to your business finances, a detailed financial plan is vital for long-term stability. Above all, spending time researching your business will pay off long-term, ensuring you have a plan in place to combat potential threats and improve your chances of growth and success. You'll likely want to create a business plan. Read our guide to writing a business plan for more information. Utilising support services Starting your own business could be life-changing, but taking that first step towards entrepreneurship can feel daunting, especially if you’re concerned about your financial circumstances. When starting a business on benefits, it’s important to remember that help and support are out there. Reaching out for support could streamline your business journey and take some weight off your shoulders. Be sure to ask your Jobcentre Plus work coach for information about local organisations who may be able to support you in your business endeavours. And when it comes to the company formation process, SUAZ can take care of the complicated stuff for you. We can register your company directly with Companies House, completely free of charge. What’s more, we’re at hand whenever you need us to answer any questions you may have about company formation, and getting started in the business world. To conclude… As long as you plan ahead and brush up on your knowledge of regulations and legal implications, there’s no reason why claiming benefits should stop you from achieving your business goals. Entrepreneurship could be the first step towards financial independence and self-discovery. Starting a business could be the fresh start you’ve been looking for - what’s stopping you from stepping into those big boss shoes? Here at SUAZ, we’d love to help you make your business dreams a reality. We believe you have what it takes to turn your business idea into a successful enterprise. Form your company for free with SUAZ today . Recommended Readings

Start Up A-Z Christmas Policy 2025. Update for customers on the working hours of staff and Companies House during the Christmas and New Year period for 2025/26 Start Up A-Z Christmas Policy 2025 1 min read Company Formations, Virtual Office Table of Contents Categories Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office For the Start Up A-Z team, Monday 22nd December to Friday 26th December are non-working days for most office staff. From Monday 29th December onwards, we will generally be open and processing orders as normal. With some staff still on annual leave, customers should allow for minor delays of 24–48 hours for complex or extensive queries. The office will be closed on New Year’s Day due to the bank holiday, with normal operations resuming the next working day. Post Processing (Virtual Office Customers) Post processing will continue as normal from Monday 29th December. Customers should be aware that postal and courier services may experience delays over the Christmas period, which are outside of our control. Identity Verification ID verification for new clients will continue where possible during the Christmas period. Verification may take longer than usual due to reduced staffing levels. This allows applications to be prepared in advance of full operations resuming. Company Formation Submissions Company formations submitted after 2:00 pm on Wednesday 24th December will not be submitted to Companies House until Monday 29th December. Customers with urgent formation requirements should submit directly via Companies House: https://www.gov.uk/set-up-limited-company Companies House processing times are likely to be extended over the Christmas and New Year period. General Processing All applications and requests submitted during the Christmas period will be processed as quickly as possible once normal staffing levels resume Recommended Readings

The process of starting a business itself is not difficult, but running a business itself involves lots of hard work, but is it worth it? Read more. How Difficult is it to Start a Business? 9 min read Company Formations Table of Contents Categories Make sure you have a business idea Is it difficult to start a business? Does the type of business affect how difficult it is to start? How long does it take to start a business? Is it difficult to start a business while employed? What are the most difficult aspects of starting a business? Ideation Research Planning Launch How can you get support when starting a business? Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office We aren’t going to sugarcoat it, starting a business can feel difficult at times. It requires a lot of hard work, financial investment and commitment. But that doesn’t mean it’s impossible to chase your dream. While you may find it challenging, being a business owner is one of the most exciting and rewarding adventures you’ll take. To ease your anxieties and prepare yourself for the ride, it’s important to evaluate your current position. Are you ready to start a business? Make sure you have a business idea Starting your own business can offer a wide range of benefits - control, fulfilment and finances being the top three drivers for becoming an entrepreneur. Being your own boss gives you the freedom to create a workplace that you’ll thrive in. And considering the financial possibilities, starting your own company could be truly life changing. So, with all the advantages considered, how hard is it to start a business? We’re going to be honest and say your entrepreneurial journey won’t be a walk in the park. But with some determination and hard work, you may be surprised just how naturally things fall into place. We’ll answer the question of ‘how difficult is it to start a business?’ below so you’re left feeling prepared and confident for your next, exciting chapter. We’ll uncover just what it takes to start a business, so you know exactly what to expect. Is it difficult to start a business? You feel confident about, a detailed business plan at the ready, the funds to get you started and the drive to succeed. Does the type of business affect how difficult it is to start? The type of business you’re looking to open is likely to affect how difficult it will be to start it. Different industries require different skills, knowledge and experience which may impact or delay getting started. For example, if you were to start a food business , not only would you be a cooking connoisseur, but you’d also need to adhere to several regulations. Should you plan to run your business from home , you’d need to make sure you have permission from your landlord or mortgage provider. You’d also need to follow the best food hygiene practices, such as managing allergens and keeping work surfaces clean. Equally, should you start a dog walking business , you’d need to be aware of the certain laws that surround that industry, such as the Clean Neighbourhoods and Environment Act 2005, which fines you should you fail to pick up faeces, fail to keep a dog on a lead or allow a dog to enter land they’re excluded from. The above examples should give you an indication of the kind of preparation you may need to take depending on the type of business calling your name. But while starting a business takes hard work, the feeling of being your own boss makes it all worth it. You’ll not only gain flexibility and control over your working life, but an immense feeling of pride too. How long does it take to start a business? How long it will take you to start your business will depend on the type of business and where you’re planning to operate. Should you start a home-based business , getting ready to launch shouldn’t take you very long, especially if you require no bank loans, employees or extensive equipment. Whereas, if you’re planning to set up a larger business with several employees, and rent a premises such as an office, it may take several months to a year to go live. Looking to cut costs and save time? You could opt for a virtual office instead. You’ll look professional and well-established to your customers, without needing to fork out the cost of renting a physical space. Is it difficult to start a business while employed? Starting a business may have sat at the top of your bucket list for longer than you can remember, but you may put off starting due to other commitments such as your day job. If you’re considering starting a business while already employed, there are some considerations to be aware of to make the process feel easier for you. Be sure to take your time to avoid feeling overwhelmed. Already being employed and starting your own business can be a lot to take on. Make sure to prioritise your current job and set aside time to rest and unwind too! Remember, you can start a business at any age or stage of life, whether you're starting a business at university or during retirement - what good comes from rushing things? The more relaxed you are and the less pressure you put on yourself, the less difficult things should seem. A great way to keep on top of things is to formulate a detailed business plan that you can refer back to, particularly given you’ll have less freedom or time compared to those who aren’t already employed. See our detailed guide on writing a business plan here . What are the most difficult aspects of starting a business? As mentioned, starting a business is an exciting and rewarding adventure like no other, but it’s not without its share of challenges. Below, we’ll uncover some of the most difficult aspects of entrepreneurship you may encounter on your business journey. Ideation Deciding on a viable business idea is a common hurdle for those looking to start a business. Of course, endless businesses already exist, so finding a niche or gap in the market for your business to thrive can feel impossible. A great place to start is to approach your business ideation as offering something that addresses a problem or need. This can help you understand your target market and set yourself apart from competitors in the same space. The more research you conduct, the better you’ll understand your customers to appeal to their needs and values. Once you have your business idea, it’s important to develop a thorough business plan that explains the ins and outs of your idea, your objectives and ultimately what success looks like for you. Want to start a business and have no ideas? Read our guide. Research While conducting research for your business is an important step in getting to know your potential customers, it can feel challenging at times for several reasons. Having access to up-to-date, relevant data can be tricky, especially if this information isn’t publicly available. You may prefer to conduct your own research rather than rely on information you find online, for example, to ensure the data you find is accurate and relevant to your business. Other issues surrounding research include confidentiality - other businesses, or potential customers, may be hesitant to disclose information which can make it difficult for you to gain insight. Another obstacle you may face is the complex and time-consuming nature of business research. Organising your data, analysing your findings and processing the information can take time, particularly when you’re dealing with several research areas, such as competitors, customers and any legal compliance you’ll need to follow as a business. Planning When starting a business, the excitement of your next chapter can make it all too easy to get carried away and leave planning to a later date. But generating a detailed business plan is an important step in your business’ journey, which can protect you from obstacles further down the road. For example, let’s say you forget to produce a financial plan for your company and unexpectedly run out of funds. To minimise the chances of disaster striking, you should aim to produce an in-depth business plan that improves your chances of success. Not only will your business plan detail your financial situation, it can also serve as your business’ road map - there to guide you as you become your own boss. You can use your business plan to remind yourself of your business objectives, your goals and your plans for the future. A business plan can also serve as a reminder of why you started your business in the first place, offering you determination should you ever feel overwhelmed. Launch Once your planning and research are complete, you’ll be well on your way to your business going live. Launching your business is a pivotal phase in your journey, and several challenges may threaten your chances of success. To prepare yourself for the unexpected, here are just some of the difficulties associated with taking your business from planning to execution: Funding: Securing the funds to launch your business can be hard work, particularly if you underestimate how much money you’ll actually need to launch. Be sure to factor in all the costs of starting your business , including marketing and branding, registering your business with Companies House (which is completely free, should you form your business through SUAZ), consultant fees should you hire a professional to help you write your business plan for example, and equipment costs. Should you plan to take out a business loan, make sure you set aside time to fill out forms and gather any evidence to support your application. Hiring: Should you need to hire employees to launch your business, be sure to set aside time for the recruitment process. You’ll need to find individuals who have not only the right skills and experience, but also those who fit within the company culture you’re looking to adopt. Your wellbeing: The preparation, followed by actually launching your business, can take its toll on your wellbeing. Starting your own business is a big deal and the last thing you want to feel is burnt out. Make sure to prioritise your mental health , take time out to relax and believe in yourself. Should you need any advice or support on your business journey, be sure to reach out to SUAZ - we’d love to help guide you in the right direction. Competition: Identifying your unique value proposition can help your business stand out against competitors. What makes your business unique? What are you doing that others aren’t? Be sure to focus on your competitive edge to capture your potential customers’ attention. How can you get support when starting a business? Starting your own business takes a lot of hard work, time and energy which can leave you feeling isolated - but remember, you’re not on your own. There’s support out there when you need it, whether it’s guidance on writing your business plan, or financial support to make your business dream a reality. There are several government-backed finance schemes to give your business the boost it needs to thrive. And should you have any concerns or worries about your business journey, be sure to reach out to the government’s Business Support Helpline for support. The thought of finally becoming your own boss can feel overwhelming - after all, there’s a lot to get your head around, from legal jargon to endless admin. If you’re looking for professional support, we’re also here to help. Our professional company formation service is there to take the hard work out of starting a business, so you can look forward to the future. Don’t worry - we won’t abandon you once your business is ready to go. You’ll be assigned a friendly member of our team who’ll be your point of contact should you need advice or simply have a question to ask. They’ll get to know you and your new business to give it the best chance of success. Take the worry away from entrepreneurship with SUAZ - apply to form your company today . Recommended Readings

Discover how the UK's most entrepreneurial universities, like Cambridge, Oxford, and the UAL, are fostering the next generation of startup founders. The UK’s most entrepreneurial universities 12 min read Beginner's Guide Table of Contents Categories What makes a university great for entrepreneurs? The UK’s best universities for aspiring founders 1. University of the Arts, London 2. London School of Economics and Politics (LSE) 3. Imperial College London 4. University of Oxford 5. University of Cambridge The most popular subjects studied by founders 1. Economics 2. Business administration 3. Management Key takeaways for aspiring founders Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office The UK’s entrepreneurial landscape is forever evolving - driving innovation, economic growth and job opportunities. With one in three UK adults now either running their own business or planning to start one within the next three years, there’s no denying that the UK has developed an entrepreneurial ecosystem. But knowledge and resources need to start somewhere, and many turn to university to develop their skills and open the door to new opportunities. Choosing the right university can unlock entrepreneurial opportunities by cultivating an environment of learning, collaboration and innovation. With over a quarter of students currently running or planning to run a business while at university , it looks like further education can significantly improve your chances of turning your business dream into a reality. Below, we’ll uncover the most entrepreneurial universities in the UK, looking at which institutions provide the right environment, mentorship and support for budding entrepreneurs to thrive. What makes a university great for entrepreneurs? For aspiring entrepreneurs, choosing the right university isn’t just about how it performs in academic league tables. Instead, you’ll be looking for an academic environment that also provides business opportunities and encourages innovation. Here are just some of the key factors that set apart entrepreneurial universities from other institutions. Access to funding: One of the biggest challenges entrepreneurs face is securing the resources needed to launch their business . Choosing a university that offers startup grants or accelerator programmes can supply you with the resources you need to get your business off the ground. Industry connections: The right university can offer invaluable networking opportunities. It’s likely your chosen institution will have strong connections to businesses, investors and industry leaders who can offer mentorship and internship opportunities. Alumni success stories: A university’s reputation is often reflected by the success of its graduates. It’s worth researching the direction graduates’ careers have taken as a strong alumni network can provide invaluable connections. Chances are, successful entrepreneurs may even offer to mentor or invest in the next generation of student-led businesses. Entrepreneurship courses and competitions: Many universities offer traditional business degrees, but the most entrepreneurial institutions offer more innovative opportunities. Look for universities that provide dedicated entrepreneurship modules and work experience options. Some institutions even run startup competitions, giving you the chance to pitch your business idea to investors, with funding as a reward. Student-led startup culture: Research different universities’ student initiatives to gauge their entrepreneurial spirit. For example, you may be looking for a university that supports student-led business societies, co-working spaces and peer-to-peer networking to help you develop your business ideas. The UK’s best universities for aspiring founders To determine the universities with the most business founders, we used the Complete University Guide’s University League table for 2025 and their alumni’s LinkedIn profiles to see how many graduates were listed as company founders. By combining these figures with each institution’s total number of alumni, we were able to rank each university by the percentage of alumni that went on to become business owners, to find the UK’s best universities for budding entrepreneurs. We’ll also uncover the most popular subjects studied by entrepreneurs to help you decide which subject area to pursue. By looking at university rankings and how many graduates became business founders, we’ve curated a list of the best universities that stand out in nurturing the next generation of entrepreneurs. University of the Arts, London Overall founder alumni - 11% With a strong emphasis on creativity, innovation and entrepreneurship in the arts, design, fashion and media industries, it’s no surprise that University of the Arts London leads the way in producing the highest number of business founders among its alumni. During their studies, students are likely to gain exposure to real-world projects, collaborate with major brands in their field and have the opportunity to showcase their work to build their business skills. The university also offers a Creative Enterprise Programme , where students learn and develop their entrepreneurial skills to help build and launch their own startups. London School of Economics and Politics (LSE) Overall founder alumni - 9.11% With 9.11% of LSE’s alumni becoming business founders, it’s a top choice university for budding entrepreneurs. LSE is known for its deep understanding of global markets, economic trends and financial management - all essential skills for startup founders. Offering courses in Entrepreneurial Finance and Business Strategy, students are given the skills and knowledge needed to launch and scale businesses. LSE Generate is the school’s entrepreneurial hub, supporting students and alumni to develop their entrepreneurial skills and build businesses. Generate’s Entrepreneurship Mentoring Programme also connects students with experienced startup founders, CEOs and business mentors. Imperial College London Overall founder alumni - 8.14% With 8.14% of its alumni becoming business founders, Imperial College London stands out as an excellent choice for those looking to develop their entrepreneurial skills and build successful ventures. The university specialises in STEM subjects (Science, Technology, Engineering and Mathematics), which require various key skills such as problem solving, adaptability and creativity, which can help you build a solid foundation for entrepreneurship. The Imperial Enterprise Lab opens the door to funding, mentorship and co-working spaces, to help you develop your startup. LSE also offers various startup competitions such as the WE Innovate Programme and Venture Catalyst Challenge to give you access to early-stage funding and business exposure. University of Oxford Overall founder alumni - 7.72% As one of the oldest and most prestigious universities in the world, it’s not surprising that the University of Oxford made it on our list of top universities for entrepreneurship. Oxford is known to attract top-tier students, faculty and investors, as well as offering partnerships with venture capital firms and government-backed innovation funds. The university’s entrepreneurial hub, EnSpire Oxford, is home to a range of events throughout the academic year, innovation programmes and online resources. The Oxford University Innovation (OUI) also helps students and researchers commercialise ideas and launch businesses. University of Cambridge Overall founder alumni = 7.65% One of the world’s leading universities, The University of Cambridge is another top choice for entrepreneurship due to its world-class research, stellar reputation, strong industry connections and thriving startup opportunities. The university provides endless entrepreneurial opportunities, such as its Accelerate Cambridge scheme - an 11-week programme that includes talks, workshops, weekly coaching, mentoring and pitching for budding business founders. With impressive funding opportunities, mentorship programmes and partnerships with leading startup investors, Cambridge offers a thriving entrepreneurial environment to help you achieve your business goals. The most popular subjects studied by founders While you aren’t required to study a particular subject to achieve entrepreneurial success, there are certain fields that can equip you with the knowledge and skills needed to take the business world by storm. Below, we’ll uncover the top subjects studied by business founders and how these academic fields equip aspiring entrepreneurs with the tools needed for business success. Economics According to our findings, Economics is the most popular degree for budding entrepreneurs, with over 26,000 business founders having graduated with an Economics degree. Considering the course’s subject matter, such as understanding markets, financial systems and consumer behaviour, it’s not surprising that those looking to start their own business would choose to study Economics. It equips entrepreneurs with analytic and problem-solving skills, helping them to identify growth opportunities, assess risks and manage resources - all key skills for business success. Business administration From financial management and strategic planning, to leadership, marketing and entrepreneurial thinking, Business Administration is a popular degree for business owners, with almost 14,000 entrepreneurs having studied it at university. This subject equips entrepreneurs with practical skills in strategic planning, leadership and decision-making, helping them to run and scale a successful business. Management The third most popular subject studied by entrepreneurs is Management, with over 7,000 business owners having Management degrees. Management is a top choice for those looking to start a business, allowing you to broaden your skillset in leadership, strategic planning and organisation efficiency. A degree in Management can help aspiring business owners develop the expertise needed to build and grow a successful enterprise. Key takeaways for aspiring founders It’s clear from our findings that the UK has a thriving university ecosystem that actively encourages and supports entrepreneurship. Universities with extensive research specialisms, funding opportunities and industry networks produce the most successful entrepreneurs. Additionally, strong alumni networks and partnerships with industry leaders further enhance the entrepreneurial experience, offering invaluable support once you’ve graduated. Ultimately, choosing a university that supports your entrepreneurial dreams can significantly improve your chances of building and sustaining a successful business . Ready to kickstart your business journey? Form your company with SUAZ today . Recommended Readings

Learn about the concept of a registered office address and its significance for businesses. Better understand its role & requirements. Read more. What is a Registered Office Address? 5 min read Virtual Office Table of Contents Categories Why is having a registered office address important? How should you display the registered address? Can a registered office be a home address? Can you change my registered office address? Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office A registered office address is the official address of your company. You may not necessarily operate from here, but it's the address that government bodies use to send you official communications. It's a physical address, so it can't be a P.O. box or a website. It has to be an address where someone can actually receive mail and sign documents. Why is having a registered office address important? Having a registered office address is a legal requirement for a company in the UK. When you're forming a company, you'll need to give an address where official legal notices and reminders will be sent. It's also the address that's listed on your public record, so it's important to make sure it's an address that you're happy to be associated with. This doesn't mean it has to be your main trading address - you can use a virtual address, such as those offered as a service by a company formation agent, as long as you are able to access the official communications that are delivered there. This is a great option if you're working from home or if you don't have a permanent office. Just make sure that the address you choose is in the UK and that someone can actually receive mail there. You don't want to miss out on important information because your mail is going to the wrong address. How should you display the registered address? You should display your registered address on all official company paperwork, such as your company's articles of association, annual return, and tax returns. It should also be displayed on any contracts that you enter into with third parties, your company's letterheads and marketing materials. For example, you could display your registered address like this: While there may be no specific rules on this, it’s a good practice to place your registered address on positions that are easily seen like the samples. Don’t forget to make it legible and visible to the naked eye! Can a registered office be a home address? Legally, there is no problem with using your home address as your registered office address, as long as it's in the UK - a reasonable choice if you're just starting out and want to save money. Your home can also add a more personal touch to your brand, especially if you’re a small business building relationships with your customers. If you’re thinking of using your home as a business address , we’ve created an article that will help you decide. However, there are some downsides to using a home address as your registered office address. You could have a hard time separating your business life from your personal life, and may risk people showing up at your house unannounced. So, most companies take advantage of the benefits of a virtual address where they can get privacy and security. Can you change my registered office address? Absolutely! Once you have your new registered office address, you’ll notify any directors, creditors or other relevant parties of the change of address. You’ll also have to file an AD01 form with Companies House. The process of changing a company's registered office address online can be completed in as little as 24 hours. Once approved by Companies House, your public address will be changed immediately. If you’re looking for help registering your office address, SUAZ can help. Buy a virtual office package from us today. Recommended Readings

The Companies House register has shrunk for the first time since quarterly reporting began in 2012. Read what it means for future entrepreneurs. Companies House register drops for the first time since 2012 5 min read Company Formations, Business Trends Table of Contents Categories Year-on-Year changes What to do if you’re thinking of starting a business Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office The Companies House register has shrunk for the first time since 2012 - a stark indicator of the economic headwinds facing UK businesses. While various factors contribute to this downturn, it's difficult to ignore the impact of fiscal policies. Rachel Reeves' budget, while aiming to stimulate growth in certain sectors, has introduced measures that may inadvertently be dampening entrepreneurial spirit. For many, the cost and complexity of setting up a business now feels more daunting, especially amidst ongoing economic uncertainty. Moreover, the current economic climate, alongside rising inflation and fluctuating interest rates, is creating a high-risk environment for startups. Potential entrepreneurs are likely weighing the increased costs of borrowing and the challenges of securing initial funding against the backdrop of a potentially shrinking consumer market. A decrease in new company registrations signals a potential slowdown in innovation. Without a steady influx of new businesses, the UK economy risks stagnation, particularly in sectors reliant on entrepreneurial dynamism. How company formation registrations have changed year-on-year: Since the start of the year, there has been close to an even split between businesses starting and businesses closing. And when looking at the first two weeks of March alone, over 34,000 businesses have dissolved. No. of businesses set up from January 1st to 13th March 2025 No. of businesses dissolved from January 1st to 13th March 2025 166,944 164,357 This time a year ago, there were 18% more businesses set up, with fewer dissolving. No. of businesses set up from Jan 1st to 13th March 2024 No. of businesses dissolved from January 1st to 13th March 2024 197,292 138,302 Source: Companies House Looking ahead, this trend could significantly impact business confidence throughout the year. If the government doesn't address the underlying concerns of aspiring entrepreneurs, we may see a continued decline in new formations. This would not only affect the overall economic health but also exacerbate regional disparities, as certain areas may struggle more than others to attract new businesses. What to do if you’re thinking of starting a business If you’re looking to start your own business this year, there are a few things you’ll need to take care of. Following these steps can improve your chances of success and give you peace of mind that you’ve taken care of everything. Forming your company: You’ll need to legally form your company through Companies House which willcost you a £50 registration fee. Here at SUAZ, we can take care of this for free, you’ll just need to decide on your business name. Set up a business bank account: There are a variety of banks that offer great incentives for having a business bank account. We’ve listed a few in our starting a business guide. Choose your business legal structure: From sole trader to private limited company to public limited company, it’s important to understand the right legal structure for your business, with each having its own benefits and challenges. Check out our guide on legal considerations when starting a business. Understand your tax obligations: Every business in the UK, regardless of its size or structure, needs to be registered with HMRC. You’ll need to file annual returns and keep on top of your taxes. Limited companies are required to pay corporation tax on their profits, and you may need to register for VAT if your business turnover exceeds the VAT threshold . Here at SUAZ we’re on hand to help form your company at no expense. Recommended Readings

Many students use their time at university to experiment and start a business as a way to gain income and experience (visa dependent of course) . Learn more. Can a Student Start a Business Whilst at University? 10 min read Beginner's Guide Table of Contents Categories The number of student entrepreneurs is rising Advantages of starting a business at university Gaining practical experience and supporting learning Building a network Disadvantages of starting a business at university Balancing academic and business responsibilities Financial constraints Tips for starting a business while studying Reach out to your university Building a support network Legal considerations To conclude… Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office If among the essays, lectures and partying you’ve got some free time on your hands, you might be wondering if starting a business while at university is possible. After all, starting your own business can be truly life changing, and a bit of extra income as a student can’t hurt. Can a student start a business in the UK? Well, an impressive 480,000 students currently run, or plan to run a business while they’re at uni , so it’s certainly possible. But there are multiple considerations to bear in mind before you dive straight in. If you're a student, you might also wonder which institutions offer the best support for future entrepreneurs. To explore UK universities known for cultivitating entrepreneurs and founders, check out our guide on the UK's most entrepreneurial universities . In this article, the experts at SUAZ will explain how company formation works as a student, the advantages and challenges of starting a business at university and how to make your business dream a reality. The number of student entrepreneurs is rising Starting a business while at university is nothing new, and can definitely take off. Take Mark Zuckerberg as a prime example, who founded and launched Facebook from his dorm room at Harvard University. If you’re a student considering entrepreneurship, you’re choosing a great time to do it. Student accommodation provider, Fresh, found that students are registering more businesses than ever before - with 4,093 businesses registered by students in 2022 compared to just 847 in 2021 according to Companies House data. According to a survey conducted by GoDaddy, the pandemic caused a surge in young people jumping into entrepreneurship, with 9% of 16 to 25-year-olds having started a business since February 2020 . When the job market plummeted during the pandemic, young entrepreneurs found opportunities to pursue their business ideas . There's no perfect age to start a business , so, what’s stopping you from following suit? Advantages of starting a business at university Wondering if it’s worth starting a business while at university? If you need some encouragement, here are just some advantages to consider. Gaining practical experience and supporting learning University is a great place to start your business. Stepping into those entrepreneur shoes can enhance your skills and employability once you’ve graduated. At university, you’re surrounded by educated professionals who you can bounce ideas off and gain valuable insights from. Not only that, but your university is likely to have state-of-the-art facilities you can make use of, such as libraries, specialist equipment and other resources. Being in a learning environment can encourage you to try new things and develop your skills. The knowledge you’ve gained from your studies can be applied to real-life situations, and running a business is sure to equip you with valuable leadership and decision-making skills which can help you with your university work. What’s more, university is a time where you can take risks, experiment and try new things - should you not succeed, you can use any failures to grow and develop your skills for later life. Building a network Starting a business at university provides you with a unique opportunity to build relationships and connections with suppliers and like-minded business owners. Your professors may have connections in your chosen industry that can open the door to potential suppliers, investors or customers. Your university may host networking events where you can make valuable connections, gain advice, and find mentorship and potential business opportunities. You can build a network that’s beneficial not just to your university experience but your business and future career. Disadvantages of starting a business at university Starting a business is a big deal, especially when you’re a student with other commitments to take care of. Before you dive into entrepreneurship, you must be prepared for the challenges you may face. Here are some potential disadvantages of starting a business while at university to keep in mind. Balancing academic and business responsibilities Starting a business takes a lot of time and commitment, which you may struggle with as a student. If you’re looking to start your own business while at university, it’s important not to let it get in the way of your studies and the overall student experience. Balancing your university work with business responsibilities may leave you feeling overwhelmed and could lead to burnout. The last thing you’d want is for your academic performance to take a hit. If you’re worried about balancing your academic and business responsibilities, it may be worth holding off on your business venture until you’ve finished university and have more time to commit to your entrepreneurial goals. Financial constraints Starting a business is a financial investment as much as it is an emotional one. Businesses can take time to become profitable, and it’s doubtful students will have time for a part-time job alongside a business for extra income. There are several costs to cover when starting a business , and it can take time for your new venture to become profitable. Sticking to a budget as a student can be challenging as it is - using your personal funds to grow your business may leave you with little money to fund your university expenses. Balancing the cost of your tuition, textbooks and general living expenses with your business costs may be tricky to manage. To overcome these financial constraints, be sure to create a detailed budget that outlines your personal and business expenses and how you’re going to afford them. Next, explore any funding options that could give your business the boost it needs. Perhaps there are grants you could apply for, or pitch competitions you could enter. Reach out to your network for support if you need it - there may be a potential investor in arm’s reach who would love to support you. Tips for starting a business while studying We’ve covered the advantages and disadvantages of starting a business as a student. If you have your heart set on chasing your business dream and have weighed up the pros and cons, there’s no reason why you can’t succeed. Here are some of our top tips for starting a business while at university. Reach out to your university As a university student, you have an array of valuable resources on your university campus that you could use to your advantage. Be sure to reach out to your university where you can to get your business out there. Perhaps you have a professor who’s a business expert whose brain you could pick, or a mentorship program you could sign up for. If your university allows it, you could even advertise your business on campus to get some local interest. Building a support network Having a support network is vital for any entrepreneur, but especially for a student. Having people around you that you can rely on, from mentors to fellow entrepreneurs, can give you reassurance should you need it. Your network can be a source of shared knowledge, collaborative opportunities and guidance. Entrepreneurship comes with its challenges at times, and having a support network around you, especially while balancing university work, can give you the motivation you need to push through tough times. SUAZ is also here to help, with our knowledge base packed full of useful information, including our complete guide to starting a business . Legal considerations The sooner you get your head around the legal considerations of starting a business while at university, the sooner you can officially call yourself a business owner! Here are just a couple of legal considerations to keep in mind: Choosing your legal structure: You’ll need to decide if you’ll register your business as a sole trader or limited company. We cover the differences in our guide to limited liability in business . Registering your business: In the UK, you need to register your new business with Companies House. You can do this yourself for £50, or let a company formation agent like SUAZ take care of the hard work for you. Even better? We won’t charge you a penny. We’ll cover the Companies House incorporation fee and be at hand to answer any questions you may have. To conclude… Starting a business while at university is sure to be a valuable learning experience, giving you access to networking opportunities and resources. Provided you balance your academic and business responsibilities, there’s no reason why you can’t build a thriving business as a student. Looking for a helping hand to guide you in the right direction? SUAZ can help you set up your business while supporting you every step of the way. Register your company for free today , or take a look at our company formation packages to get you started. https://www.suaz.co.uk/knowledge-base/entrepreneurial-universities Recommended Readings

Using your home address as your business address has its benefits, but there are some considerations. So what's the best option? Read more. Can I Register My Business at My Home Address? 7 min read Virtual Office Table of Contents Categories Why sharing your home address as your business location could be a bad idea Inability to separate work from home Professionalism and business legitimacy Security and privacy Increase in cold callers at your home address What are your options if you don’t want to use your home address? Why would you want to use a virtual office instead? Can I use my home address as my registered office address? Can a registered office address be removed from public view? Are there any ethical implications of a virtual office? Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office The short answer is; yes, you can register your business at your home address. This is a question that is commonly asked when forming a company and legally there's no issue with it. In fact, it may be convenient and economical for you, especially if you’re a new or small business. There are, however, a few things worth considering before you do so. Why sharing your home address as your business location could be a bad idea Depending on your situation, there are a few reasons it may be problematic. First, it can make it difficult to separate your work life from your personal life, especially if you work from home full-time. Presenting a professional image can also be a problem, especially if you're meeting with clients - not to mention the security and privacy risk it can bring to you. In this section, we’ll discuss potential pitfalls you may encounter. Inability to separate work from home One of the biggest downsides of putting your home address as your business address is that it can be difficult to separate your work life from your personal life. You may receive a lot of business mail, which can clutter up your mailbox. It can be easily lost or misplaced, especially if your business-related mail is mixed with personal mail. These are just a few potential inconveniences you may encounter, so using an alternative address, such as a virtual office, can be a simple way to draw a clear boundary between work and home. Read more about starting a business from home with our guide. Professionalism and business legitimacy Using your home address can also make your business look less professional, especially if you're meeting with clients or customers at your home. This is not the case for everyone, but people often associate home addresses with businesses that are small, informal, or just starting out. Now, if you're serious about your business, and you may want to project an image of professionalism and legitimacy and sometimes using your residential address can undermine that image. Security and privacy One thing you need to know if you register your home address as your business address, is that it will be made public. This can be a security and privacy risk, as anyone can just look up your home on the public register and you could be targeted by scammers, telemarketers, or even burglars - people could even turn up to visit if they have a query. Increase in cold callers at your home address Since cold callers often use public records to find businesses and then call them in the hopes of making a sale, using your home address for your business could also make your home a target. If you're constantly being bombarded with cold calls, it can be very annoying and disruptive for you and your family, not to mention the considerable security risk, as cold callers may also try to get personal information from you or try to sell you something you don't need - not something you need when you’re trying to focus on building your business. What are your options if you don’t want to use your home address? If you don't want to use your home address for your business, you have a few options. You can use a PO box or even better PO box alternatives for small businesses like a virtual office. If you don’t have an idea what a virtual office is, and the benefits of a virtual office can give you, we have created a separate article for you to read. Why would you want to use a virtual office instead? Virtual offices offer a number of benefits, including increased flexibility, privacy, and mail-handling services. We all want a professional and secure way to conduct our business and using a virtual office is inexpensive whilst offering many benefits . Using a virtual office is also completley legal , so there are no concerns there. If you're interested in learning more about virtual offices and the different packages available, tailored to suit all sorts of businesses, we go into much more detail on our website. Our services can give you the extra support you need, without any complicated jargon. Can I use my home address as my registered office address? Absolutely. You can use your home address as your registered office address. But - as mentioned above - there are a few points you should consider before making this decision. If none of those mentioned beforehand concerns you, then it could be the right option for your business anyway. Can a registered office address be removed from public view? Since it is a public record, it can’t be removed from the public view. Your registered office address is used by authorities like Companies House to identify and contact your business. This is where you’ll be sent official communications, such as legal notices. That is why we highly recommend considering a virtual office, to keep your home address private and secure. And with mail-forwarding services, you’ll have peace of mind that all communications are safely received and documented, and all in one place for you to access whenever you need. Are there any ethical implications of a virtual office? If a company uses a virtual office address on its website and marketing materials, depending on the type of business you run and the type of clients you have, some people could consider this to be misleading. But, knowing your business and your customers, if you take this into consideration, you may decide that the benefits a virtual office can bring outweigh the drawbacks. If you think that a virtual office is a great choice for your business, have a look at our Manchester virtual office service for more information . Recommended Readings