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Discover how to launch a successful dog accessory business in 2024. Expert tips and strategies for entrepreneurs. Start your journey with Start Up A-Z. Starting a Dog Accessory & Clothing Business in 2024 12 min read Beginner's Guide Table of Contents Categories Is the pet accessory industry really for you? Steps to Start a Dog Accessory Business 1. Conduct market research and analysis How big is the dog clothing industry? 2. Create a solid business plan 3. Understanding your finances How much does it cost to start a dog clothing business? 4. Selecting and developing your products 5. Begin planning your brand 6. Set up your sales channels 7. Curate a marketing strategy 8. Ensure you’ve considered legal and regulatory guidance Start your dog accessory business with Start Up A-Z Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office There’s no denying that a lot of pet owners would be willing to spend a fortune for their four-legged, furry friends. In fact, the pet industry in the UK is experiencing remarkable growth, with pet owners spending approximately £8 billion annually on their beloved companions. This huge spending just shows how much we care about our pets – they're family. With around 13.5 million dogs in the UK and a growing trend towards premium pet products , there surely is a huge market for dog accessories and clothing. And as more and more people want the best for their pets, it seems like a thriving industry to be a part of. Wondering how to start a dog accessory business in the UK? In this blog, we’ll explore essential topics such as conducting market research, developing high-quality products, creating a brand, and implementing successful marketing tactics. When done right, launching a dog accessories business isn’t just profitable but also fulfilling as you cater to the needs of pet lovers eager to pamper their furry friends. Is the pet accessory industry really for you? Starting a pet accessory business can be super rewarding, especially if you’re a fur parent at best. You can create stylish products that dog owners love, and you could make a good living doing it. But like any business, building a thriving enterprise takes a lot of hard work - you'll need to find reliable suppliers, compete with big brands, and keep up with the latest trends. If you're passionate about pets and ready to take on a challenge, this business could be the perfect fit for you. Steps to start a dog accessory business Conduct market research and analysis To successfully navigate this market, it’s important to initially research your target audience and analyse their behaviour. Identify who your ideal customers are by looking into factors such as age, income level, and lifestyle choices as these are likely to affect what they’re looking for in a dog store. Tools like surveys and focus groups can also provide you with valuable insights into what pet owners prioritise when purchasing accessories and clothing. If you’re really serious, you might also consider using helpful resources and tools. Industry reports from sources like Statista can give you comprehensive data on market size and growth trends. Competitor analysis tools such as SEMrush or SimilarWeb can help you understand how other pet brands are performing online, while consumer survey platforms like SurveyMonkey or Google Forms can gather direct feedback from your potential customers. By understanding the current market, you’re set to make business decisions that align with market demands and consumer preferences, ultimately positioning your dog accessory business for success in this thriving industry. How big is the dog clothing industry? The dog clothing industry is part of a rapidly growing pet clothing market in the world. On average, Brits spend nearly £200 a year on clothes for their pets ! Globally, the industry was valued at approximately 6 billion dollars in 2023 , and is expected to grow to 9 billion by 2031. Pet owners fondly love to dress their furry companions up for fun, keep them warm, or even just show off their unique style. From cosy sweaters to fancy costumes, UK dog owners are embracing the trend and splashing out on adorable outfits for their furry friends. Create a solid business plan Next, you’ll need a business plan to guide your whole venture. It’s like a roadmap to help you navigate the ins and outs of your business journey and can help you figure out what you want to do, how you’ll do it and why it’s a good idea, giving you solid plans for the future. Your business plan is also crucial for securing funding from investors or lenders to show your business is on its road to success.If you’re new to creating one, we’ve created a guide on how to write a business plan you can easily follow. Understanding your finances While thinking about the money side of things may leave you feeling overwhelmed, the sooner you plan and understand your finances, the better position your business will be in. You’ll need to consider capital and operating costs such as company formation, legal fees, licences and permits, rent, website and domain, marketing and branding, inventory, packaging, employee salaries, and insurance, to name a few. Startup A-Z offers free company formation for starting your business, so you have one less thing to pay for.. According to pet accessories and business founders, it may cause you between USD 1,000 to USD 150,000 , an average of USD 15,000, as starting costs for your pet accessory business. That’s approximately £11,500 to start. While this might not be cheap, these costs can vary widely depending on the scale of your business and its location. How much does it cost to start a dog clothing business? Starterstory’s data from actual dog clothing businesses costs from USD 500 to USD 27,000 , or approximately £385 to £20,800. While this may still vary depending on your market, this data can give you an estimate of the costs to start. Selecting and developing your products Your core offerings can make or break your business. Consider being innovative, unique and trendy so fur parents can rave about your business. You might offer hypoallergenic and natural products or eco-friendly products for conscious individuals, for example. Here’s a list of products you could consider for your new business: Collars and leashes: Standard collars, harnesses, reflective collars, training leashes, retractable leashes. Toys: Chew toys, interactive toys, plush toys, fetch toys. Grooming supplies: Brushes, shampoos, nail clippers, grooming gloves. Apparel: Jackets, sweaters, costumes, raincoats. Feeding accessories: Elevated feeders, spill-proof bowls, travel bowls. Travel accessories: Car seat covers, travel crates, portable water bottles. If you’re planning to import products from other countries, there are EU regulations and standards for pet toys and accessories to consider too. Begin planning your brand If you want to make your dog accessory or clothing stand out in a saturated market, you’ll need to create a brand. It helps you be remembered in a crowded market, build trust with your customers, and increase the perceived value of your products. A strong brand involves creating a unique identity, telling a compelling story, and designing a memorable logo. By understanding your target audience, using social media effectively, and learning from successful brands, you can establish a strong brand presence that resonates with pet owners and drives business growth. Mungo & Maud , a pet and accessory store based in London, is known for stylish dog accessories, high-quality materials and chic designs that appeal to fashion-conscious pet owners. Their branding emphasises luxury and sophistication. And just like Mungo & Maud, you can focus on connecting emotionally with customers while maintaining consistency across all branding elements, to build loyalty and recognition over time. Set up your sales channels Selling pet stuff requires a multi-pronged approach. Many entrepreneurs choose to start online businesses due to generally lower startup and overhead costs. For more information, check out our detailed guide on how to start an online business in 2025 that covers everything you need to know about launching your business online. E-commerce platforms like your own website, Amazon, eBay, and Etsy offer diverse avenues to reach pet owners. If you have the budget, you might also explore brick-and-mortar stores, consignment agreements, and pop-up shops for in-person sales. When setting up your online store, it’s nice to choose a user-friendly platform like Shopify, Wix, or WooCommerce, and prioritise a mobile-friendly design. Make sure that you use high-quality images and competitive pricing for your product listings. You might also consider shipping strategies, whether local or international, as you might be including free shipping thresholds and international shipping options. As fur parents are increasingly mindful of the products they buy for their pets, it’s also important to prioritise customer service. Ensure prompt responses, clear policies, and loyalty programs when building your channels online. Curate a marketing strategy To get the word out about your dog accessory business, you can use a variety of marketing strategies. Social media is a great way to show off your products and connect with pet owners. Teddy Maximus, known for its luxury pet accessories, uses a high-quality gallery with dogs in their carriers to appeal to its customer base. Photo: Instagram / @teddy_maximus Partnering with pet influencers can also help you reach a wider audience, just like Carter chow chow and its owner Carl , flaunting their cute matching fits on their social media platforms. Photo: Instagram / @carterchowchow Posting high-quality photos and videos can definitely help you stand out, and hosting events like pop-up shops or community gatherings can be a fun way to connect with people. You can also encourage your customers to share photos of their pets using your products. Ensure you’ve considered legal and regulatory guidance Starting a dog accessory business in the UK also involves some legal and regulatory hoops to jump through. You'll need to register your business, pay taxes, and make sure your products are safe. This includes labelling them correctly and testing them to meet safety standards. Company registration: You must register your business with Companies House if you are registering as a limited company. Taxes: As a business owner, you are responsible for paying taxes, including Income Tax (for sole traders) or Corporation Tax (for limited companies). You must also register for VAT if your taxable turnover exceeds the VAT threshold (currently £95,000) Product Safety Standards: All products sold must comply with UK safety standards, which include the General Product Safety Regulations 2005 . This ensures that your products are safe for consumers and their pets. Product label: Labels should comply with the Consumer Rights Act 2015, which mandates that products must be of satisfactory quality and fit for purpose. Testing and Certification: Depending on the type of dog accessories you sell (such as toys or grooming products), specific testing may be required to ensure they meet safety standards. The government website , the British Standards Institution , and Trading Standards are great resources for information on legal and regulatory requirements. By staying compliant, you can protect your business and ensure a positive experience for your customers. Pet licences last only for a year, so you’d have to renew every year. Start your dog accessory business with Start Up A-Z The UK's love for pets is unconditional, making today an ideal time to start a dog accessories business. To succeed, you'll need a solid plan, innovative products, and effective marketing. From stylish collars to cosy sweaters, there's a huge market for innovative and high-quality products. So, if you're passionate about pets and ready to turn your hobby into a profitable business, you can register your company for free today with SUAZ. Recommended Readings

Learn the key steps to successfully start your bakery business. Get practical tips and insights to turn your passion into profit. Read the guide now! How to Start a Bakery Business in the UK 15 min read Beginner's Guide Table of Contents Categories Research and planning your bakery business Choosing a bakery niche and products Licensing and legal requirements in the UK Finding a suitable location Sourcing ingredients and suppliers Hiring and training staff Marketing your bakery business Managing finances and pricing your products Tips for growing your business Ready to start your bakery business? Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office The smell of freshly baked bread and sugary delights, and getting to bring your creativity and talent to work every day… Starting a bakery business sounds like a dream, right? You’ll get to work in your happy place - where you can share the beauty of baking in a cosy, nostalgic environment. Whether you’re a professional, or a passionate home baker looking to turn your hobby into your profession, look no further. Our guide explains exactly how to start a bakery business, from market research to legal requirements, so you know what’s in store for you and how to prepare. Research and planning your bakery business Just as you wouldn’t perform open heart surgery without going to medical school first, you need a solid plan in place to start a bakery business, to understand your market and your route to success. Understanding your target market is crucial for business success - how else will you know what your potential customers prefer, or what baked goods are in high demand? Perhaps there’s a gap in the market in your local area that you could fill, such as specialising in gluten-free baked goods, or vegan options. Research bakeries near you to understand what they offer and how you can differentiate your own and fill a niche. It’s also worth keeping up with industry trends that you can jump on, such as being more environmentally conscious or trying out new recipes that are popular on social media. Next, you’ll need to decide on your business model - your company’s purpose and strategy. You’ll need to think about the type of bakery you want to run and how you’ll provide value and remain profitable. For example, you may envision a traditional retail bakery that operates from a brick-and-mortar shop, specialising in plant-based cakes. Or maybe you’d prefer to operate online and bake your creations from home, where customers can click-and-collect their order or have it delivered. Your business model will influence a wide variety of factors, from location to marketing, so it’s important that you choose one that aligns with your business goals, budget and personal interests. Finally, you need to write your business plan - your business roadmap that details your business objectives, marketing strategy and financial plan. It’s not just there to guide you, you’ll also need to show potential investors your business plan if you’re trying to secure funding or the bank if you’re looking to take out a business loan. There are several elements to a business plan, including the executive summary - a brief overview of your business idea and goals, and market analysis that summarises your research. Our guide on how to write a business plan explains the whole process in more detail. Choosing a bakery niche and products Finding your niche may sound tricky - especially if you’re a baking connoisseur who can turn a hand to endless types of baking. With so many choices, it can be difficult to decide on a particular specialism to focus on for your baking business. Some potential bakery niches you could consider include: Artisan bakery , offering hand-crafted bread and pastries, using traditional baking techniques Catering to a specific dietary requirement , such as gluten-free, vegan, kosher or keto Themed bakery that focuses on a particular style, era or occasion, such as wedding cakes or dessert buffets Luxury bakery that specialises in high-end baked goods or bespoke cakes You should also look to create a menu that caters to your specific niche, but also has variety such as seasonal or limited edition items, to keep your customers interested. Start with your core offerings - the items you’ll always sell that represent your bakery’s niche and theme. You could also introduce limited edition goods based on holidays to keep your menu feeling new and exciting. Licensing and legal requirements in the UK There are numerous legal requirements you need to adhere to when starting your bakery business. Failing to comply with these requirements could result in a hefty fine - the last thing you want when trying to get your business off the ground. Here are just some of the legal requirements for starting a bakery business you should keep in mind: Food business registration: As a food business , you’ll need to register with your local authority. If you plan to open bakeries in more than one location, you’ll need to register each site with the local authority applicable to that location. Food hygiene standards: As a business that prepares and sells food, you must comply with food safety and hygiene standards , such as making sure the food is safe to eat, is the quality you say it is and you must display your food hygiene rating. You’ll also be responsible for staff hygiene training if you plan to hire employees. Insurance: Business insurance can give you the peace of mind that if disaster strikes, your business will be protected. There are different types of business insurance, including public liability insurance and professional indemnity insurance - which are both optional. Whereas employer’s liability insurance is a legal requirement in the UK, to cover the cost of compensation and legal fees if an employee falls ill or is injured due to their work. Finding a suitable location Deciding where to set up your bakery is a major decision. You’ll want to choose a location with enough foot traffic to ensure new customers walk in, while also ensuring the space fits your budget. Choosing an area with plenty of pedestrians can help attract new customers, but you’re likely to pay higher rental costs when setting up your bakery in a high-foot-traffic area. You’ll want to ensure your bakery is in the right location for your target market. Perhaps you’re looking to appeal to families or young professionals - make sure you’re visible to your target market and accessible. Is there a car park nearby? Is your bakery easy to reach by foot, car and public transport? It’s important to consider the legal side of things too. Make sure you carefully review your rental contract and are clear on all the costs you’ll need to cover including any service charges. Will you be responsible for maintenance and repairs if something goes wrong, or will the landlord take care of it? You may benefit from working with a solicitor to review the contract, so you know exactly what you’re liable for and your rights. Sourcing ingredients and suppliers You can’t run a successful bakery with top-of-the-line baked goods without quality ingredients. While quality tends to cost more, your customers will be able to taste the difference which can encourage them to come back to you in the future and recommend you to their friends and family. You’ll need to find and choose suppliers who can deliver fresh ingredients, such as dairy and eggs, to you regularly so you always have these high-quality but perishable items at hand. You may also find it cheaper to buy a lot of your ingredients in bulk through a wholesaler, but you’ll need to ensure you have enough storage space to store these larger items. Hiring and training staff Hiring the right people is essential for the success of your bakery. But to hire talented staff, you’ll first need to identify the needs of your business and the roles you’re looking to fill. Common positions you’re likely to hire for as a bakery business owner include: Kitchen assistants to support food preparation, stock management and cleaning Bakers and pastry chefs responsible for preparing baked goods to the highest quality Front-of-house staff who are customer facing, to serve your baked goods Supervisor or manager roles to oversee the day-to-day operation To hire the best talent, you’ll want to look for those with relevant experience (such as customer service experience, or former experience working in a food service environment) or qualifications such as City and Guilds’ baking qualifications . As an employer, you must adhere to necessary legal requirements, such as ensuring your employees have the legal right to work in the UK. You’ll need to provide written employment contracts that outline their responsibilities, as well as their pay and working hours. You’ll also need to register as an employer with HMRC before the first payday. Marketing your bakery business Now for the creative side of things… It's time to start thinking about your marketing strategy and how you’ll get your business’ name out there. Marketing is the driving force behind your brand, and key to attracting customers and building a loyal customer base. Here are our top tips for marketing your bakery business: Build your brand identity: Your brand identity is the visual representation of your business - its colour scheme, logo and tagline. Consistency is key, so your customers recognise your brand and know what it stands for. Promote your business on social media: Make sure you’re visible on all social channels, such as Instagram and TikTok. These channels are a great way to promote your brand and the quality of your baked goods. You could post behind-the-scenes content, your latest products and any promotions you’re running to get customers talking. Make sure you regularly engage with your customers by responding to comments and messages promptly, so they feel valued. Don’t forget local marketing: While digital marketing is a powerful tool to grow your business, it’s easy to underestimate the value of local, offline marketing - especially as a local business! Distribute flyers to promote your new bakery, participate in community events and advertise in newspapers to boost your visibility. Shout about your USPs: Remember to focus on your unique selling points - what makes your business stand out from the crowd? Whether you’re catering to specific dietary needs or focusing on sustainability, this can differentiate you from your competitors and appeal to your target market. Managing finances and pricing your products Financial management is a vital but often complicated task for a new business owner. By effectively managing your business’ finances, you’ll know your hard work is profitable and you have a good cash flow. Creating a budget for your business will ensure you don’t overspend and you know exactly what costs you need to account for each month, including your ingredients, rental costs and utilities, employee salaries and marketing costs. Make sure to regularly review these expenses so you know exactly what you’re spending and if you can cut costs anywhere. Monitoring your cash flow can help you spot any issues early and also allows you to identify growth opportunities. You don’t need to be a maths whizz to successfully monitor your cash flow - accounting software can help you track your expenses, invoices and income effectively, or you could look to hire an accountant, especially as your business grows, to support you with tax and financial planning. Tips for growing your business So, your bakery is officially up and running and everything is going smoothly. When you’re ready, you may look to grow your business and boost your profitability. Here are some ways to drive growth as a bakery business. Focus on customer loyalty: Loyal customers are more likely to become brand advocates and spread the word about your business to their network. So make sure you’re thanking them for their service. Make sure you consistently deliver quality they won’t find elsewhere, to retain their loyalty. You could introduce loyalty cards, with exclusive perks to encourage them to return to you regularly. The happier loyal customers are, the more likely they are to spread the word and become brand ambassadors. Expand your menu: Look to introduce new products to attract new customers and keep things exciting for your regulars. Take customer feedback on board, look at trends in the baking community and add limited-edition items to your menu during holidays. Just make sure any new menus align with your niche, USPs and business values. Scale your business: Once your business is performing well and is bringing in a consistent profit, you could look to grow your business with an additional location or set up an ecommerce platform to sell online. You could open a bakery in a nearby town, or even partner with a nearby coffee shop to supply your baked goods to a larger audience. Ready to start your bakery business? All it takes is a leap of faith to achieve your business dream. There’s no feeling quite like being your own boss and sharing your passion (and delicious sweet treats!) with the world. If you need some support to get you started, our professional company service could be the solution. You can form your limited company completely free of charge with SUAZ, with professional advice whenever you need it. Form your bakery business with SUAZ today. Recommended Readings

Form your company quickly and easily with Companies House. Just a £50 filing fee to form your company and your business can be up and running within 48 hours. About UK Company Formation In the UK, we use the national registrar of companies, Companies House, to form new businesses. You can do this yourself, using the Companies House website found here . It costs a one-off £50 filing fee to form your company and subject to checks, your business will be formed, usually within 48 hours. Learn More Why Choose a Formation Agent? Anchor 1 Customer Service Most Company Formation agents are here to help and advise you; as a customer you have a right to be treated with respect and understanding throughout what can be a complex and daunting process. Extra Perks You’ll be given a few freebies and introductions alongside your company formation to introduce you to businesses and products or services that can help your company thrive. Easy Process Most formation agents have perfected and streamlined the process to enable Companies to be formed in as little time, and as few clicks, as possible. It’s in our, and your, interests to make the process quick and concise. Why Choose We make things simple . With SUAZ, your application can take as little as two minutes. Why? Because we make some fair assumptions along the way. We know our customers aren’t big, complex companies, they are small and just starting out, often meaning that a lot of the information that lengthens the Companies House process is not applicable. We support. Not only do we give help and advice to you during your company formation, but also into the future, as and when you need it. We and our partners are here to be the reliable foundation stone of your business. This means your calls and questions are just as welcome on day one-thousand as day one. We're free . We mean it – remember that £50 Companies House incorporation fee? We cover that for you. On top of this, our help and advice is also free. Free Company Formations Yes we’re free and no, that doesn’t mean we’ll harvest your data, organs or crops and sell to the highest bidder. We mean what we say: customers can use us and never pay a penny. We find that this certainty is helpful to new businesses and a gesture that endears us to clients. We make our money in two ways: We offer upsells that are helpful to new businesses during company formation. You don’t need any of them to be successful, but they often help you get a head start. Whether it’s professional branding or a private company address, we can make your company look and feel professional. We introduce you to other businesses and sometimes earn a commission. We’ll do this when you ask us for help finding suppliers. We only refer the best in every field. Who can form a free company? You must be forming a company on your own; the company will have one director and person of significant control – you. Other directors can be added at a later date of course. You must accept our standardised share structure. Your company will be formed with 100 shares, each valued at £1. (This does not relate to the value of your company) You must create a Business Support Club account, where we will securely manage your data, take payments and keep you updated with the status of your order. We use BSC both for our client relationship management and to help you find new suppliers.

Read our report on stress and mental health in business and how to care for your mental wellbeing when running a business. Stress and the Mental Impact of Running a Business 10 min read written by Lucy Hancock Beginner's Guide Table of Contents Categories Mental health challenges of small business owners Business financial strain Isolation Work performance Understanding taxes/finances Loss of a deal/new business pitch Overworking and burnout Mental health conditions suffered by entrepreneurs The mental impact of running a business in statistics Knowing the signs of poor mental health How to look after your mental health when running a business Real life case studies from entrepreneurs Hayley Knight - Co-founder and Comms Director at BE YELLOW Aaron Bond - Director of Operations at Bond Rees Ltd Further resources Conclusion Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office We’ve said it before and we’ll say it again - while both life-changing and rewarding, starting a business isn’t easy. From struggling to maintain a healthy work-life balance, to financial worries, business owner stress can affect anyone and you’re not alone in feeling overwhelmed at times. In fact, 50% of SMB owners surveyed said stress and mental health issues are affecting the success of their business. When it comes to business stress, it’s important not to suffer in silence. The impact of mental health in business shouldn’t be glossed over, and knowing how to look after your mental health can be just what you need to keep your passion alive and your business thriving. We’ve put this report together to explore how running a business affects mental health and the factors that contribute to poor mental health as a small business owner. We’ve even spoken to other business owners to understand how running a business has affected their wellbeing and what changes they made to improve their mental health. With our tips, you’ll know how to deal with burnout at work so you can take care of not just your business, but your wellbeing too. Mental health challenges of small business owners 80% of small business owners in the UK reported experiencing symptoms of poor mental health . In fact, when comparing mental health conditions among entrepreneurs to the general public, more entrepreneurs experience mental health issues than those who aren’t business owners. Let’s explore some of the potential contributors to poor mental health in the workplace. Business financial strain The financial pressure of running a business can leave you feeling worried about the state of your business, both now and in the future. You may worry about meeting financial obligations , such as paying the salaries of your employees, or your office bills. This financial stress can contribute to feeling overwhelmed and isolated. In fact, 49% of small business owners believe their mental health has suffered from the stress of managing their business finances in the past year. To avoid business financial strain impacting your mental wellbeing, be sure to address any financial worries early on, such as revisiting your cash flow, and reach out for support should you need it. Isolation Taking care of your business can leave you feeling isolated at times, especially in the early days when you’re committing significant time and effort into getting your new venture off the ground. You’ll likely spend a lot of time alone which can leave you feeling isolated - contributing to loneliness and depression. If you’re finding yourself feeling isolated, try to expand your network and meet like-minded entrepreneurs who you can share your experience with. It’s likely they’ll have experienced similar emotions and can offer you support. Work performance Work performance can both influence and be influenced by your mental wellbeing as a business owner. Should your business thrive and hit its objectives, this can reduce financial strain and anxiety. Whereas, if your company experiences a rough patch or loses profits, this may negatively impact your mental health and leave you fearful for your company’s future. For many business owners, their work is closely tied to their self-worth and identity - if work is going well, this can boost self-esteem but if business is underperforming this can lead to self-doubt and failure. If you’re finding work performance is taking its toll on your mental health, don’t hesitate to reach out for support, such as seeking professional help, to make things feel easier to manage. Understanding taxes/finances As a business owner, you’ll need to comply with and understand various tax and financial regulations, which can feel overwhelming to get your head around. If you struggle to understand your business’ finances , you may be left feeling anxious or uncertain about your new venture. Equally, a lack of financial literacy can lead to poor financial planning which may negatively affect your business’ livelihood. Making sure you have a detailed business plan to hand can alleviate your financial concerns and improve your knowledge. Your business plan is a point of reference should you need it, detailing your financial objectives and how you’ll budget for your business objectives. You can even refer to the cash flow within your business plan, which details the cash required by your business day-to-day and when your costs are due, to keep things running smoothly. This will provide a sense of direction and reduce your anxiety as a result. Loss of a deal/new business pitch You’ll likely invest significant time and energy into pursuing new business opportunities, so losing a deal or pitch can leave you feeling disappointed and frustrated. Losing a business deal can also have financial consequences, especially if you were expecting significant revenue had you won the pitch. This financial strain can contribute to stress and anxiety over the financial health of your business. The first step in coping with the loss of a deal is acknowledging and accepting your emotions as they come. Disappointment is only natural - give yourself time to accept what has happened. From there, you can approach the situation as an opportunity to learn and identify what could be improved for your next opportunity. Finally, connect with your network such as your colleagues or friends who understand these challenges and can provide support. Overworking and burnout Starting your own business is no easy task and often comes with an endless to-do list! From meeting financial goals to keeping up with competitors, it’s easy to feel overwhelmed and overworked as a business owner, which can lead to burnout over time. In turn, burnout can lead to a lack of motivation, exhaustion and a loss of passion for your business as a result. In fact, 37% of UK small business owners say they’ve experienced burnout as a result of running a business. To avoid overworking and burnout, make sure to reach out to your support network when you feel snowed under, and recognise the signs of burnout to prevent it. Mental health conditions suffered by entrepreneurs As we’ve mentioned, being a business owner can come with its fair share of challenges which can be detrimental to your mental wellbeing. With 75% of small business owners being concerned about their mental health , it’s clear that more awareness and emphasis are needed on mental wellbeing amongst entrepreneurs. When looking into the mental health conditions of business owners, depression was the most common condition suffered, with 30% of business owners struggling. So, if you’re looking to start your own business, prioritising self-care and learning how to manage your stress is vital. Doing so can protect not only your wellbeing, but the success and longevity of your business too. The mental impact of running a business in statistics While starting your own business can be life-changing, it also comes with a lot of responsibility, particularly around your business’ success, which can cause worry and stress. With 65% of small business owners experiencing anxiety, it’s clear that the added pressure can have major repercussions on your mental wellbeing. Likewise, 60% of small business owners have felt their stress levels increase in recent months due to the economic landscape. Current economic conditions such as inflation and supply chain issues following Brexit are likely to have played a part in the day-to-day running of many small businesses, with 5% of businesses with 10 or more employees having experienced global supply chain disruption in November 2023. Changes in regulations and trade policies may also impact market access and talent acquisition, which may lead to increased anxiety. With this in mind, it’s vital that business owners take care of their wellbeing just as much as their business during periods of economic uncertainty. By prioritising self-care and wellness practices, you’ll know how to tackle any challenges that come your way. Knowing the signs of poor mental health We’ve touched on how running a business can cause mental health challenges as an entrepreneur, but how should you manage it? We’ll explore how to deal with the stress of running a business below, so you know what signs of poor mental health to look out for. Increased irritability: Feeling more short-tempered than usual? If you’ve found yourself feeling more irritable and less patient than normal, it may be a sign that you’re not feeling like yourself. Withdrawal from social activities: Social withdrawal involves not participating in social activities you used to enjoy. Our social relationships are crucial to our wellbeing, and subconsciously withdrawing from social interactions can leave you feeling isolated. Loss of interest in work: You likely started your business out of passion and excitement. But when that love for what you do starts to fade, this may be a sign of poor mental health. If you’re finding yourself disinterested in your work and lacking motivation, it may be time to reach out for support. Changes in sleeping and eating behaviours: A change in appetite and sleeping behaviour can be a sign that you’re struggling with your mental health. Perhaps you’re struggling to get to sleep, or you’re eating more or less than normal. If you’ve noticed a change in your sleeping or eating habits, this may be due to business stress and anxiety. Spotting the signs of poor mental health early can prevent the problem from escalating. The sooner you acknowledge you may be struggling, the sooner you can reach out for support. How to look after your mental health when running a business Running a business can be emotionally demanding, so it’s important you take care of your mental health for long-term business success and your wellbeing. Here are just some of the ways you can look after your mental health as a business owner: Practise self care: Set aside time for you to take care of your wellbeing. Self care looks different for everyone - perhaps you’ll practise meditation, take a walk or write down how you’re feeling. Try to incorporate relaxation techniques into your day-to-day to clear your mind. Set boundaries: As a business owner, keeping a healthy work-life balance can feel tricky, especially if you work from home. Try to set clear boundaries between your work and personal life. Make sure you establish specific work hours to avoid overworking and make time for your hobbies and family and friends. Take regular breaks: Be sure to take regular breaks throughout the day, away from your desk, to recharge and prevent burnout. Also, make sure you take time off throughout the year to switch off from work and unwind. Professional help: Seeking professional help from a therapist or counsellor can provide you with valuable support and ways to cope when you’re struggling. You can voice any anxieties you may have confidentially, to take some weight off your shoulders. Remember that seeking help isn’t a sign of weakness - if you had a physical problem, you’d see a doctor and the same should apply to your mental health. Psychotherapist and author of ‘But Are You Alive?’, Eloise Skinner offers her advice on how to look after your mental health as a business owner. “Make sure you have stable foundations in place for the rest of your life, as you start your journey as a business owner. This means prioritising your own wellbeing (sleep, nutrition, fitness, etc.), and your relationships (friends, family and colleagues). It also means setting aside time for your passions and hobbies - and retaining a sense of self outside of your business. Starting a new venture can be overwhelming, often in a good way, but sometimes in an intimidating way too. Building a life that feels stable, secure and balanced - both within the workplace and outside of it - might help you to navigate the rollercoaster of business life a little better.” Real life case studies from entrepreneurs Here are some examples of how other entrepreneurs take care of their mental health. Hayley Knight - Co-founder and Comms Director at BE YELLOW Entrepreneur Hayley Knight, co-founder and Comms Director of PR and marketing agency BE YELLOW , explains how burnout led to her closing down her last business to find a better way of working, implementing four-day work weeks and fully remote working. “I suffer from severe anxiety and ADHD, and in the past, I have failed to set healthy boundaries, taken on too much work and said yes to everything. “Now I set boundaries, and have systems in place that help increase my focus, and productivity and manage my workload. We also have four-day work weeks, we use our free day for professional and personal development, and implement regular focus periods. “I have developed a strict morning routine, which includes meditation and exercise, and I meditate when I am feeling overwhelmed, or need to make a decision. I also take a step back and have learned not to reply to things impulsively. I also travel full time, which is great for my wellbeing.” Aaron Bond - Director of Operations at Bond Rees Ltd Aaron Bond, Director of Operations at Bond Rees Ltd , explains how he has achieved a sustainable work-life balance after setting up his own private detective agency. “Running a business as a small business owner has been an incredibly rewarding yet mentally demanding journey for me. One of the most profound challenges has been the blurring of boundaries between work and my personal life. “Unlike traditional employment with set working hours, being an entrepreneur means that the concept of ‘regular hours’ becomes obsolete. The demands of the business are relentless, and it often feels like the entrepreneurial journey is a round-the-clock commitment. This constant state of vigilance, coupled with the weight of responsibility for the business' success, can take a toll on mental wellbeing. The never-ending nature of the work can lead to burnout, stress, and a persistent feeling of being overwhelmed. “To navigate these challenges, I've prioritised creating a sustainable work-life balance. Recognising that my mental health is integral to the success of my business, I've implemented strict boundaries around working hours and made a conscious effort to set aside dedicated time for self-care. Whether it's taking short breaks throughout the day, scheduling regular moments of relaxation, or disconnecting from work during evenings and weekends, these practices have played a crucial role in maintaining my mental resilience.” Further resources If you’re finding things difficult to cope with right now, you don’t need to suffer in silence. There are plenty of helpful resources at hand to help you take care of your mental health as a business owner, including: The Federation of Small Businesses - A Guide for Small Businesses Mind’s mental health at work NHS - Get your free Mind Plan Mental Health at Work’s The Mental Health of the Self-Employed report Find an NHS Talking Therapies service Conclusion Prioritising your mental health doesn’t just affect your personal life, it’s also crucial to successful entrepreneurship. The life of a business owner is exciting and fulfilling, but the pressures of running a company can be overwhelming. Without self care and boundaries, it can be all too easy to neglect your wellbeing and be left feeling burnt out and emotionally drained. Taking care of your mental health is an investment in both yourself and your business’ success. If you’ve found your mental health has taken a dip, don’t hesitate to reach out for support. By implementing self care practices into your day-to-day, you can embrace the challenges of entrepreneurship with open arms. Ready to form your own company? Check if your business name is available today to get started. Author bio Lucy Hancock is an experienced finance writer, having previously worked for Staysure Travel Insurance before working at MoneySuperMarket where she specialised in all areas of personal finance, from credit cards and loans to pensions and retirement planning. Having worked in digital marketing for several years, she’s passionate about the value small business marketing can bring to those looking to grow their businesses. She has written extensively across all areas of business and personal finance, to help business owners like you make informed financial decisions. Recommended Readings

In October 2023, Destination High Street came to us with a mission - To build the UK’s best High Street success app. Destination High Street Project Brief Client Destination High Street Date October 2023 Role Design & Development Categories Website Design Mobile Application In October 2023, Destination High Street came to us with a mission - To build the UK’s best High Street success app. This was on the 12th of October 2023. They’re now working in 8 locations, with plans to franchise 50 more by the end of 2024 and have an app available on the app store with over 1500 users. While they didn’t use our company formation service, we were still able to support them on their business journey. Here’s a bit about how SUAZ helped them get there. The Problem Matt Jinks at Destination had a great idea. High streets are struggling and they need one unified voice talking to people visiting and in the local area. He approached SUAZ with this concept but didn’t know how to turn it into a reality. The Solution Here’s a bit about how SUAZ helped them get there. We helped Matt strategise his minimum viable product to enable him to launch and make sure his idea worked for one high street, in his home town, Bromsgrove. Our design team built his website and created app designs for him to demonstrate his idea to local high street stakeholders such as local shops and the council. From there he was able to get local funding to build the app with a team of developers recommended by SUAZ. Our designs were made to be low-cost and focused on the minimum viable product. For instance, we recommended using Google business profiles as his source of shop data to save time in signing people up and create a simple and familiar app layout. We also then could use Google reviews and photos, meaning the app would be populated with great information from day one. The Result? Over 90% of high street businesses in Bromsgrove now use Destination to advertise their services and Destination has just launched in seven other high streets. We continue to support Destination and have introduced them to their accountants, insurance providers and much more. Destination High Street Facts Over 90% of high street businesses in Bromsgrove now use Destination to advertise to their customers. Destination has just launched in 7 other high streets. Over 5% of the local population have the app downloaded on their phone. Translated to the entire UK, this would be over 1.4 million people! Destination went from nothing on the 12th of October to a Website in 21 days and a working app within 60 days! "We all aim high on our team, making sure that the work we produce is top-quality. It's great to know that everyone is equally dedicated to maintaining these high standards and supporting each other to achieve them." Matt Jinks CEO of Destination High Street

Starting a company post-Brexit in the UK is extremely possible, but there may be considerations if you're looking to sell products abroad. Starting a UK company post-Brexit 9 min read Company Formations Table of Contents Categories How does Brexit affect businesses? How does Brexit affect imports and exports? Advantages of Brexit for UK businesses Key Brexit takeaways for small businesses Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office If you’re looking to embark on your entrepreneurial journey, congratulations! Starting your own business is one of life’s most rewarding experiences. But as a business owner, it’s important to consider how economic factors may impact the day-to-day running of your company. On 31 January 2020, the United Kingdom officially left the European Union. Following this event, the UK entered a transition period - an 11-month grace period until 31 December 2020. This gave the UK time to negotiate with the EU on their future relationship, and also gave businesses time to prepare for life outside of the European Union. It’s worth noting that not all businesses have been negatively affected by Brexit. For some, Brexit has unlocked new growth opportunities for businesses. But how Brexit will impact your new venture will depend on your industry and circumstances, which we’ll explore below. If you’re planning to start a UK company post-Brexit, it’s important to understand what Brexit means for your business, so you’re prepared for all eventualities. Below, we’ll explore how Brexit may affect you and what you can do to adapt to economic change as a small business. How does Brexit affect businesses? Following Britain’s exit from the European Union, UK businesses have faced increased costs, labour and skill issues, and supply shortages and challenges . But some SMEs may experience positive changes post-Brexit, which we’ll cover in more detail later. Here are just some of the ways Brexit has affected businesses: Supply chain disruptions: Many UK businesses have experienced delays and disruption to their supply chains due to new border controls and procedures. Prior to Brexit, supply chains between the UK and EU were integrated, meaning trade could be carried out without much paperwork or delays. But since the UK’s withdrawal from the EU, businesses have faced increased costs and delayed deliveries. Regulatory changes: While in the EU, the UK adhered to European-wide standards across several areas. But Brexit has meant EU laws are no longer applicable to the UK. This has caused regulatory misalignment between the UK and the EU, across several areas including data protection, safety and product standards. As of 2023, a new category of law, the Retained EU Law (Revocation and Reform) Act (REUL) is in place, which revokes certain areas of EU law and introduces significant changes to existing EU law. The status of REUL won’t change until the end of 2023, whereby a list of EU laws (the Health and Safety Executive has identified 38 pieces of REUL that are no longer required ) will be revoked. How this may impact you as a business owner isn’t yet known, but is likely to cause uncertainty for both consumers and businesses. You can keep an eye on the government’s REUL dashboard for updates. Recruitment: The end of Freedom of Movement (FoM) in January 2021 shocked the UK’s labour supply. The government found that organisations experienced labour shortages after FoM ended. As a result, you may find it difficult to recruit EU workers. If you wish to recruit from outside the UK, you’ll need to meet certain requirements and apply for permission beforehand. You’ll also need a sponsor licence to hire most workers from outside the UK. Trade: Brexit has meant UK businesses face fewer EU restrictions. As a UK business, you can trade more freely with markets that aren’t a member of the EU. If you’re eligible, you may choose to apply for your business to receive Authorised Economic Operator (AEO) status which can make it easier for you to move goods between countries. This is an internationally recognised standard that demonstrates your business’ role in the international supply chain is ‘secure and has customs control procedures that meet Authorised Economic Operator standards and criteria.’ Sounds complicated? Don’t worry - the government explains how this works in greater detail. How does Brexit affect imports and exports? As mentioned, prior to Britain’s exit from the EU, trade could flow freely between the UK and EU without significant restrictions. But since the UK’s departure, British businesses need to complete additional paperwork to move goods between countries. A study found that the Brexit referendum phase alone depressed UK-EU trade by around 10.5% , and the transition phase affected trade by around 15%. But it is difficult to fully analyse how Brexit has affected imports and exports, as UK trade has been impacted by other factors such as the Covid-19 pandemic and conflict in Ukraine. Some businesses can seek financial support when it comes to exporting, through the UK’s government export credit agency, UK Export Finance . They support exports for any size company and across all industries to avoid UK exports failing due to a lack of finance or insurance. Advantages of Brexit for UK businesses Depending on the nature of your business, you may find Brexit to have a positive impact on your business’ success. Here are just some potential advantages of Brexit that may affect UK businesses: Fewer restrictions: Following Brexit, The UK seems to be less restricted by some EU regulations. You can trade more freely with non-EU markets, such as Australia and the U.S. The EU remains the UK’s biggest trading partner, however, accounting for 40% of UK foreign trade in goods in 2022 . Growth: While the pound suffered its worst month against the U.S. dollar for a year in September 2023 , falling 3.75%, this decline in value does make British products cheaper for international consumers, which could help you attract buyers overseas. Brexit has been said to improve business growth opportunities, with emerging markets such as Brazil, the Russian Federation, India, China and South Africa (BRICS) forming one of the world’s most important economic blocs. BRICS is said to represent more than a quarter of global GDP . With this in mind, Brexit may unlock increased opportunity for growth for your business. Using UK suppliers: Businesses now use more UK suppliers since the end of the Brexit transition period, which could mean a boost for your business. As of 2023, nearly three-quarters of businesses have reported they could access the goods they needed within the UK without any problems. Take a look at the government’s benefits of Brexit for more information. Key Brexit takeaways for small businesses While you may find starting a business in the UK after Brexit has its challenges, you shouldn’t let it stand in your way of achieving your business dream. With a proactive approach and detailed business plan to hand, there’s no reason why your business can’t thrive post-Brexit. Try to stay informed about the latest developments following Brexit, particularly around trade and supply chain disruptions. The government regularly updates its website with the latest developments around Brexit which should keep you up-to-date as a business owner. Feeling apprehensive about how Brexit may impact you as a small business? Feel free to reach out to our friendly team here at SUAZ - we’re always there to reassure you when you need it. Starting a business can be hard work, but the rewards make it all worth it. Take a look at our company formation packages and see how we can help you on the road to entrepreneurship. 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

Learn to quote and charge effectively for freelance work with expert strategies. Elevate your pricing game and boost your freelance success with Start Up A-Z. How to Quote & Charge for Freelance Work 12 min read Beginner's Guide Table of Contents Categories How to write a quote for freelance work Negotiating Freelance Rates Dealing with non-payment issues Calculating Your Freelance Rate Get your freelance business off the ground with SUAZ Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office The 2022 report of IPSE says that that there are almost 2 million freelancers in the UK , which shows the rise of more self-employed workers in the region. And if you’re planning to be one of them, knowing how to price your services can be confusing. If you want to know what’s inside a quote for freelance work, we’ll uncover everything about writing quotes, negotiating rates, handling delayed payment issues, and calculating your rate. How to write a quote for freelance work A well-written quote is what you need to secure projects and establish good and professional relationships with your clients. We recommend that this document be as clear as day, outlining the scope of work, deliverables, timeline, and pricing to set realistic expectations for both parties. Below is an example of a well-crafted quote: Let’s breakdown this amazing quote into parts. Here's the things you need to include with helpful tips for structuring your quotes effectively: 1. Project Scope After discussing the full set of requirements with your client, a written document such as the project scope makes sure that all details are on paper. This is where specific tasks fall into, detailing the full work that must be accomplished. If you’re a web developer, the project is commonly split into multiple parts or phases just like this web design quote template. A good tip is to also specify what is not included in the project to avoid misunderstandings later. If the additional work is something that you also offer, you can open a potential discussion on a separate quote for this. 2. Deliverables The deliverables clearly state what the client will receive at the end of the project, such as documents, designs, or code. You may break down the deliverables into parts such as this template or use bullet points or numbered lists for easy comprehension. If you’re a web developer, you can also add the number of revisions in the quote. Techniques like these push the favour to you as you go through the project due to quick turnaround times, eventually leading to faster completion of the project. 3. Timeline These outline the dates and deadlines to keep the project on track. Once you’re clear on what to deliver to your clients, you can set plausible timelines according to your workflow. Giving your clients peace of mind on when to expect the deliverables is a good practice to establish professionalism and potential collaboration in the future. Another good tip is to allow for unexpected delays or challenges by building in some buffer time or offsetting hours from your usual time to finish a given task. 4. Pricing Breakdown Itemise or break down the total cost into individual components, such as hourly rates, fixed fees, or project-based rates depending on certain milestones. When dealing with fees, freelancers usually consider including payment terms on their T&Cs, such as upfront payments, payments per milestones, or final payment upon completion. 5. Additional Considerations We’ve discussed the crucial parts of the quote but it’s as important to use clear, concise and professional language to avoid confusion. Always proofread your quote carefully and don’t forget to include your company details and customer information in your quote. Negotiating Freelance Rates You’d probably agree that haggling is a skill every freelancer must have, especially when it comes to pricing and scope. Potential customers might try to fit their needs within a certain budget and while it’s good to be flexible as a freelancer, you’ll still want to be paid at your desired rate. To start, you want to research the current rates through salary surveys, peers, headhunters, and forums as these sources give you an idea of the industry standard rates. For instance, Glassdoor states that as of October 2024, the average salary for a freelance web developer is £32,697 per year . Sources like Totaljobs, Indeed, LinkedIn, Glassdoor and Upwork provide a goldmine of data on the average market rates in freelancing. Research the skill demand, and assess the project complexities you’ve handled before to benchmark your minimum acceptable rate (MAR). Be ready to walk away if the potential client goes lower than your MAR. Now that you have an idea of the rates to charge, how do you win conversations of getting your desired rate? Here are some strategies to keep in mind: 1. Be confident When it comes to these conversations, confidence is surely your friend. Remember that you are the expert, and clients approach you to avail of your services because they either don’t have the time or the skills to do it. So, approaching a negotiation with a secure and composed facade increases your chances of getting your desired rate. 2. Start higher Paul Whitehead, a director of an IT Recruitment company Career Concept Ltd, states that negotiations on rates usually go down instead of up . So, giving a clear number could help you out. To give you an idea, growth marketing consultant Dan Siepen goes for 20-30% higher than his usual amount . On the other hand, Virginia Hogan , a freelance writer, shares the trick of “letting them say no the first time” because based on her experience, they can still possibly return. 3. Aim for a win-win situation for both parties You’ll most likely lose the negotiation talks when you intend to rip off your clients. Building a good agreement where both parties benefit from the outcome is a great way to win the project and accommodate their request. The negotiation may not just involve money. Perhaps you may consider other parts of the quote such as deliverables and scope when given a tight wiggle room. In such situations, we advise you to stay polite, open-minded, flexible, and assertive by clearly communicating your needs. 4. Focus on value more than price When you're talking about pricing, we don’t want to focus on how much you're asking for. Instead, show your client how much they'll get out of working with you. Talk about what you can do for them, the results you've gotten, and any good feedback you have. Let your work speak for itself. That way, you can start asking for a fair price that doesn't make you look like you're undervaluing yourself. Content writer Sanketee Kher followed this strategy where he established the value of the services first and then laid prices last. 5. Bundle services into packages To get a client to agree to your desired rate, consider offering packages of your services to simplify their needs. By providing deliverables in bundles, you give your potential clients the impression that you are adding value. This is especially useful in situations when they might place a high value on certain services, which have low marginal cost to you. Dealing with non-payment issues Clients not paying is not uncommon for freelancers. In fact, the research commissioned by the Department for Business and Trade (DBT), shows that less than 10% of supplier invoices are not paid within the agreed timeframe . To future-proof your services from these kinds of scenarios, you’ll want to establish clear payment terms on your T&Cs and contracts. First, like other freelancers, you may ask for a 50% upfront fee before starting the project. There is also a law called Late Payment of Commercial Debts (Interest) Act 1998 which protects freelancers like you when dealing with late payments. You can add a note in your contracts saying something like this: “If payment is not made by X date, the client is liable for daily statutory interest of 8% + the Bank of England base rate for business-to-business transactions and £X debt recovery costs as per the Late Payment of Commercial Debts (Interest) Act 1998. This will take effect after the said due date.” But in case you’re already in a position where you are not paid for your work, you may send reminders, check in with your clients by asking politely, add the late fees, hold work until payment is received, or file a court claim . You may also resort to using debt recovery services if the common actions mentioned prior are ignored. Calculating Your Freelance Rate Some freelancers charge hourly, some charge per project, some charge retainer fees and some charge based on value. If you’re new to this game, it can be confusing to figure out your rate. But it always depends. The type of pricing strategy will depend on the nature of the work, complexity of the project, budget and your level of expertise. Hourly rates are usually used for ongoing work where the time it takes to complete a task isn’t always predictable such as legal consultations. Project-based fees are better for one-off jobs with a clear start, finish, and detailed deliverables. An example is when offering website design and development. Retainer fees , on one hand, are for consistent work giving you a steady paycheck for a certain period of time such as social media management and virtual assistant services for email and calendar management. Value-based pricing focuses on the profit the project will bring to your clients, usually in a form of a percentage of the projected value. It’s a popular trend among freelancers to increase the prices of projects. Remember to align your strategy with your main goal. Some freelancers tend to follow project-based pricing strategy because they may be able to work fast. An anonymous content writer in the 2022 data on freelancing writing rates survey by Peakfreelance said: “I started with per-word pricing but as I gained experience I realized it didn’t truly reflect the work needed to create a high-quality post. So I switched to per project rates.” To give you a better idea, below is a summary of different job roles for freelancers in the UK. You might also want to use a freelance calculator to help you get your after-tax pay. Get your freelance business off the ground with SUAZ Freelancing offers a flexible and lucrative career path, but it requires careful planning and strategic pricing. We hope this guide help you in crafting effective quotes, negotiating rates, handling payment issues, and determining appropriate pricing strategies. By understanding these key aspects, you’ll surely increase your chances of securing profitable projects. If you’re ready to start your freelancing business, form your business today with SUAZ to get started. Recommended Readings

Want to succeed in the household pet industry? If you're wondering how to start a dog walking business, we've created a complete guide to get you started. A Guide to Starting a Dog Walking Business in 2024 9 min read Company Formations Table of Contents Categories Is dog walking really for you? What skills and qualifications do you need to start this business? What costs are associated with starting a dog walking business? How to start your dog walking business Research your area and find your market niche Check legal rules and regulations Legal and medical responsibility for the pets you care for Form your dog walking company Decide your offering and pricing Consider what to put in your service agreement Consider how many dogs you can walk Invest in the right equipment Marketing your dog business locally Ready for your new chapter? Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office Wanting a career where ruff days are a thing of the past? Starting a dog walking business could be what you’re looking for - walking dogs and getting paid for it sounds like the best of both worlds to us! There are many benefits to becoming a dog walker: from being in charge of your own workload, to keeping active as you embrace the great outdoors. If you’re passionate about pooches and want a career that is sure to leave you feeling paws -itive, starting a dog walking business could be life changing. But, as with any new venture, there can be risks to consider before you start, which we’ll cover in this guide. So here it is: our tips and tricks on how to start a dog walking business in the UK, so you can feel fully prepared for your next adventure. Is dog walking really for you? Between July 2020 and June 2021, over 79,000 people in the UK were employed as dog walkers , and it’s easy to see why it’s such a popular profession. If you’re a natural with pups of all shapes and sizes, and love spending time outdoors, starting a dog walking business may tick all your boxes. But there is more to dog walking than meets the eye. While you aren’t legally required to have a licence, qualification or certification to run a dog walking business in the UK, there are certain laws to be aware of, including: The Clean Neighbourhoods and Environment Act 2005: If you fail to pick up faeces, fail to keep a dog on a lead, fail to put it on a lead when told to do so, or allow a dog to enter land they’re excluded from, you could be fined up to £1,000. The Dangerous Dogs Act 1991: It’s against the law for a dog to be ‘dangerously out of control’ in a public place. Someone could make a complaint against you if your dog chases them, barks at them or jumps up at them, so make sure you know how to keep the dogs in your care under control. The Road Traffic Act 1988: You must keep dogs on a lead at all times on roads. If you’re walking a dog and it gets injured in a car accident, it’s up to the driver to stop and give you their details. As mentioned, there are no legal requirements to start a dog walking business, other than the legal requirements you’d expect from any other business. But if you choose to include dog boarding - overnight stays - as part of your service, you’ll need a licence from your local council. While a love of dogs comes top of the list when becoming a professional dog walker, it’s important to factor in all responsibilities, from dog training and house-sitting, to keeping dogs under control when out and about. What skills and qualifications do you need to start this business? As mentioned above, there aren’t any qualifications you’re legally required to have to start a dog walking business, but having experience caring for or owning dogs could stand you in good stead. If you're looking to stand out from the crowd and improve your skills, you can take a course or undergo some training. Doing so can help you legitimise your business and build trust with potential clients. City and Guilds offer several courses in animal care including the Level 2 Certificate of Technical Competence in Dog Walking. You’ll learn numerous useful skills, including how to handle different breeds and their behaviours, how to control dogs on walks and how to deal with injuries and emergencies. What costs are associated with starting a dog walking business? As a professional dog walker, the cost of renting an office space is unlikely to affect you, however, there are several costs to consider when starting a dog walking business, including: Dog walking insurance: Having the right insurance in place can give both you and the dogs’ owners peace of mind. Look for a policy that includes public liability cover, as well as covering your equipment and any costs should a dog face injury or death, or get lost while under your care. Equipment: While the dog’s owner may supply their own lead and dog waste bags, you may prefer to kit your business out with the best equipment. For instance, you might want to invest in a dog car seat, or different sizes of harness for different breeds. Website: If you’re looking to establish a professional image and get your business’ name out there, you may choose to set up a website. Be sure to factor in the cost of a domain name and any hosting costs to get your website up and running. The cost of creating your website can range from around £100 to over £10,000 - usually on the lower end for small, new businesses. Learn more about the costs of starting a business here . How to start your dog walking business If you’re feeling ready to make your business dreams a reality, we’ve put together the steps you need to take for starting a dog walking business. Research your area and find your market niche If you’re looking to make your mark in the dog walking world, you’ll need to find your market niche. Research what competitors in your area are doing so you can strive to offer something special that sets your new business apart. Perhaps you’ll look to specialise in handling larger dogs, or dogs with behavioural problems. Maybe you’ll host dog walking groups where dog owners can meet and walk their pups together. Try to look for services that those in your area would jump on and appreciate, to boost your chances of success. Check legal rules and regulations Whilst it isn’t necessary to have a dog walking licence in the UK, it’s worth brushing up on your knowledge around dog walking regulations so you’re fully prepared. If you’re looking to incorporate dog boarding into your new business, you’ll need a licence from your local council, for example. Looking to walk dogs in the beautiful countryside? Under the Dogs (Protection of Livestock) Act 1953 , landowners and farmers may hold the power to shoot dogs that come onto their land, if they feel their livestock is under threat. While it’s unlikely to happen, it’s important to avoid these situations and only walk your clients’ pets in safe and legal areas. Make sure to check the rules of your local area before you start your new, exciting venture. Legal and medical responsibility for the pets you care for If you’re looking to include pet sitting as a service, there may be legal and medical responsibilities you’ll need to follow. The welfare of the pet you’re taking care of will be your responsibility, meaning if they become sick or injured you’ll need to make sure you find them the right care or treatment. As a professional dog walker or pet sitter, having public liability insurance in place should be a priority. Public liability insurance can give you the peace of mind that if the general public or a client makes a claim against you, you’ll be protected. For example, if you’re walking a dog and they attack an individual or damage their property, you may be liable. Public liability claims can be extremely expensive, so having the right cover in place can protect both your business’ reputation and your bank balance. Form your dog walking company So, you’ve got your business idea and the drive and determination to get you where you want to be. Next, you’ll need to officially form your company so your business is ready to go. We know it can take significant time and money to make your business come to life. That’s why we made our company formation service completely free. Instead of forming your company directly through Companies House, by forming your company through SUAZ we’ll cover the £50 incorporation fee for you. You’ll also get a helping hand to support you every step of the way. After all, too many businesses fail from a lack of support and knowledge and we want to give you the best possible chance of success. We offer several company formation packages , from free company formation to our Company Pro package which covers everything from unlimited digital post forwarding to one year of Trilogy Banking to take care of your business’ finances. Our packages can take some weight off your shoulders, as you’ll know everything is taken care of. Decide your offering and pricing Next, you’ll need to decide how much you’ll charge for your dog walking service. Here are some factors to bear in mind when setting your prices: Your travel costs Equipment costs The amount of profit you need to keep your business running smoothly How much competitors are charging How much your customers are willing to pay - is there a high demand for your service in your area? Your living costs and outgoings Make sure not to undersell yourself and your hard work while also not charging too much and putting customers off. Remember you can always raise your prices at a later stage once you’ve built up experience and a good reputation. Learn how to charge for your dog business . Consider what to put in your service agreement Your service agreement will outline what is expected of you as a dog walker. In simple terms, the service agreement will outline exactly what your clients pay you to do when taking care of their pup. From how far the dog’s walks should be to how often, a service agreement is your chance to ask a client exactly what they expect from your service. Be sure to ask the owner all the important details about the dog. Including its breed, temperament and any medical conditions it may have. It’s also worth confirming the price the client will pay you at this stage too to avoid any confrontation later down the line should a client be billed more than they expected. Consider how many dogs you can walk While there isn’t a nationwide limit on the number of dogs you’re able to walk, the RSPCA recommends that no more than four dogs are walked at once . After all, the more pups you have with you, the less control you’re likely to have over them. Imagine crossing a busy road with several large alsatians - not the best idea! Also, the more dogs you have to attend to at once, the less likely you’ll be able to bond with each of them individually. It’s important you get to know the dogs you’re walking so you know how to control them and how they behave in certain situations (such as around children or other dogs). It’s also worth figuring out how many dogs you can walk per week so you meet each of your clients’ expectations. Each of your customers deserves top quality service - they’re trusting you to take care of their dog and give it the best care, so don’t take on more work than you can manage. Invest in the right equipment As Benjamin Franklin once said ‘the best investment is the tools of one’s own trade’. Investing in the best equipment for the job can help you deliver top quality service and make your job more comfortable and enjoyable. We’ve put together a list of just some of the equipment you may want to invest in for your dog walking business: Comfortable shoes - make sure you have waterproof shoes that are suitable for all weather conditions Leads - you may choose to have different lengths/types of lead for different dogs Training equipment - muzzles, treats, a clicker Dog waste bags Portable water bowl and water bottle for those hot days Old towels - perfect to lie on car seats after muddy walks! Marketing your dog business locally Your business won’t get the attention it deserves if potential customers don’t know it exists! Advertising your service can be easier and cheaper than you may assume. You could make some flyers that detail your expertise, share your service on Facebook groups and even ask the local cafe to pin your business card to their notice board. You’ll be surprised just how quickly the word will spread. Ready for your new chapter? Starting your own business can be a life changing experience. With a bit of self belief you can open the door to a world of new opportunities as you become your own boss. We’re not going to downplay it - starting your own company is a big deal. With so much to think about, it’s easy to feel overwhelmed. That’s where we come in. Our professional company formation service can take care of the complicated stuff so you have one less thing to think about. Apply to form your company today - we’ve given you one less reason to wait. Recommended Readings

File accounts for a dormant UK Limited/Ltd company. SUAZ can assist you in filing your dormant company accounts or do this on your behalf. Dormant Accounts Filing Use Start Up A-Z to file accounts for a dormant UK Limited/Ltd company. If your company hasn't traded and you are approaching your company accounting deadline, Start Up A-Z can help! Read More Anchor 1 If your company accounting period is due, you may be worrying about filing accounts and the associated costs. If your company has not traded, you may be able to file dormant company accounts, which is much easier and therefore less costly. As your company has not traded, filing accounts is relatively straightforward and therefore not necessary to use an accountancy practice. Start Up A-Z have the experience and know-how to either assist you in filing your dormant company accounts, or to do this on your behalf. Your company must not have traded in order for us to assist in this matter. If your company has traded, we can recommend a plethora of accountancy providers who will deal with your more complex accounting requirements. Either way, we encourage you to get in touch, as filing accounts late can be penalised with fines: When filed up to 1 month late - £150 When filed between 1 and 3 months late- £375 When filed between 3 and 6 months late - £750 When filed more than 6 months late - £1500 Get in touch today for help and assistance in this matter. Choose our virtual office Providing a registered office address for receiving official communications from Companies House, a virtual office can bring big advantages for your business: a prestigious Manchester city centre business address allows you to keep your home address private and give your professional status a lift. Learn More Frequently Asked Questions Frequently asked questions Home Page Registered Office Address Start Up A-Z General Company Formation Help After Company Formation Virtual Offices Address Services Business Call Answering Documents Filing SUAZ Homepage FAQs Other Services Filing Confirmation Statement Business Support Club Partnership Director’s Service Address in Manchester Compare Packages Virtual Office Birmingham Virtual Office How can SUAZ offer company formations for free? Here at SUAZ, we believe that it shouldn’t cost you a fortune to follow your dream. We also know that starting a business isn’t cheap, which is why our company formation service is completely free - so you can keep your hard-earned cash to make your business the best it can be. Wondering how we make our money? Our upsells are bonus features that can help your business get a head start. We also introduce you to other businesses and sometimes earn a commission from doing so. When can your business be up and running? We try our best to get your business up and running as quickly as possible. Submissions sent before midday usually come back to us the same day, but this can’t be guaranteed as delays do happen. We try to get all applications back within 36 hours, but if there are issues with your application such as your company name being flagged for extra checks, this can delay the process. Didn’t find the answer to your question? Ask our Support Team Start Up Finance Streamline the start-up process with fixed-rate finance Why wait weeks for approval for a bank loan, or risk your personal savings to get your business off the ground? Read More Need Business Support? Join Business Support Club, your one-stop shop for your business needs. Avail our startup essentials package to get your business up and running fast! Join the club for free!

Explore the success of the UK's top food startups, from brands like Grenade to services like Gousto, offering invaluable insights for aspiring entrepreneurs. The UK’s Most Successful Food-and-Drink Startups 12 min read Beginner's Guide Table of Contents Categories Understanding the food and drink industry The fastest-growing food and drink startups Huel Grenade Gousto The most popular types of food & drink startups Ready to kickstart your food-and-drink business? Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office If you’re looking to start a food and drink business, the UK is a great place to do it. Many startups in the industry have gone on to not just survive, but flourish and become successful, household names. In the UK, the food and drink sector is expected to grow by more than 10% by the end of the decade . There are also plenty of trends that are influencing the growth of many businesses and startups, including an interest in local sourcing, plant-based food, meal kits and healthy choices. While costs in the industry continue to rise , which makes it a challenge for many businesses, trends are without doubt a blessing to others. But what are the most successful food businesses right now and what are they doing right? We’ve analysed the top food and drink businesses from the Alantra Food and Beverage Fast 50 reports from the last five years to identify trends and determine what’s hot in food and drink. So, if you’re looking to make your dream a reality and finally launch your startup food business, this data could help you on your journey to see whether your idea is likely to be a hit. We’ve also gathered insights from some food and drink experts to provide their views on what sets these businesses apart from their competitors. Understanding the food and drink industry Starting a food or drink business is tough. It’s no secret. In 2023, food and drink businesses accounted for 9% of all businesses that went into administration in the UK . When setting out on your entrepreneurial journey within the industry, you might have oodles of passion, experience, knowledge, skill and a killer idea. But, without insight into trends and leaning on the experience of success stories (and failures), you may be setting yourself up for a harder journey than it might otherwise be. Of course, starting any business is difficult, but having a full understanding of the industry ensures you have at least a little more chance than your competitors. You might have a few food business ideas you’re excited to pursue, but learning more about the fastest-growing businesses can provide you with valuable information so you can have confidence that your startup will thrive. To do this, there are several key areas to pay close attention to and be aware of: ● Trends – Keeping an eye on trends allows you to see the types of food and drink businesses that are in demand and where there may be a gap in the market. ● Benchmarking – You can compare your business to successful competitors and identify your strengths and weaknesses. ● Scaling potential – Looking closely at how other businesses have grown gives you an idea of how to put together your own growth plan. ● Industry knowledge – The ability to showcase your knowledge is a great way to attract potential investors. ● Learning from success – Soaking up as much information as you can on the success of others helps you create a strong business plan. The fastest-growing food and drink startups More than four million people work in the food and drink industry in the UK and the industry contributes £38 billion towards the UK economy. Trends come and go, but riding one can ensure booming success. In recent years, the sports nutrition market has experienced 27% growth as consumers become more interested in health, fitness and wellbeing. Our data supports this trend, with 5 out of the top 10 fastest-growing food and drink businesses offering protein powders and supplements. While this shows that it’s a popular industry, it also shows that it’s competitive. That being said, if you’ve identified a gap in the market or you can do something that your competitors aren’t doing, you shouldn’t let that discourage you. Let’s take a look at the fastest-growing food and drink startups and what they offer consumers. The dataset has also taken into account the number of monthly searches and their Instagram following, which has a major impact on brand awareness and sales. Huel Huel offers a range of nutritional meal replacement products that are convenient and affordable, which helps busy people maintain a healthy diet. Huel’s average two-year compound annual growth rate (CAGR) is 76%, which is a powerful metric for determining the success of a business. This means that investment has grown by an average of 76% per year over the two-year period. Not only that, every month there are, on average, 201,000 searches for the brand, and they have nearly 400,000 Instagram followers. Nick Peel, Managing Director of Stokes Tea & Coffee , an established brand operating for more than 120 years as a coffee roaster with both hospitality and eCommerce entities, says: “Huel has really tapped into the convenience of their product, whilst providing the user with everything they need in terms of nutrition in one helping. Great for people on the go who may not have the time to cook a meal but still appreciate the health benefits of consuming what their body requires in order to function at its optimum level.” “Huel also ticks the sustainable box as the product is plant based and has a long shelf life, therefore limiting waste which, owning and running several restaurants, is a major concern to me personally when I see the amount of food that can be wasted, despite extremely stringent measures to avoid this.” Grenade Grenade offers a range of high-quality sports nutrition products, including protein powders, energy drinks, pre-workout supplements and snacks. Many of their products have unique flavours, which helps them to stand out from the crowd. They have an average two-year CAGR of 59%, which indicates a significant rate of return and suggests strong performance. More than 40,000 Google searches are made a month, and Grenade has more than 257,000 Instagram followers. "As people in general are becoming more and more conscious of the benefits of good nutrition, Grenade’s use of imagery connected to the fitness industry alongside appealing flavours says it all. Convenience is massive, and easy ordering and big discounts are often available which help their brand loyalty" Nick Peel explains. Gousto Gousto provides customers with meal kits so they can make a range of dishes at home quickly and conveniently. They’re helping inexperienced cooks produce fantastic food at home without the need to even leave the house. Gousto has an average two-year CAGR of 70%, 135,000 monthly Google searches and nearly 250,000 Instagram followers. The fourth and fifth fastest-growing food and drink businesses are Brewdog and Bulk Powders respectively. Each is becoming a powerhouse in their own right thanks to solid growth plans and identifying and filling gaps in the market. Chris Sedgwick, PR & Brand Development Director of Sedg Creative, a PR consultancy that specialises in brand, pre-media, and development, says “BrewDog has carved out a distinct position in the market by embracing a bold, unapologetic approach to branding and marketing that sets them apart from their competitors.” “Their dynamic and edgy campaigns have consistently garnered attention, often blurring the lines between controversy and creativity. While some brands remain cautious, opting for neutral or traditional campaigns to avoid backlash, BrewDog thrives on pushing boundaries, fully embracing the mantra that "bad press is still good press." “What truly sets BrewDog apart is their ability to combine this disruptive marketing with unique product offerings and a clear brand identity. From their craft beers to their unique spirit offering, they continually innovate in ways that resonate with their target demographic. “Ultimately, it’s BrewDog’s blend of daring marketing, distinct products, and commitment to being unapologetically different that makes them stand out in a crowded market.” The most popular types of food & drink startups If you know that you’re keen to start a business in the food and drink industry but you’re not quite sure exactly what type, our data also reveals which are the most popular. Using this information, you can decide if your business idea is different enough to take on the competition, or if you’re ready to fill a gap in the market. A third (33%) of food and drink startups sell beverages, making them the most popular type of business. Just over a quarter (26%) of startups in the industry sell ready meals and kits, and the same number sell protein powders and supplements. Following this, at just over 7% are both businesses that sell pet food and treats, and bakery goods. If you have a great business idea, don’t let the fact that some business types are more popular than others. If you have a strong business plan and a unique product, there’s still a fantastic chance of success. Ready to kickstart your food-and-drink business? Launching your own food and drink business can be a daunting experience. But, it can also be massively rewarding, especially if you launch the right business at the right time and capitalise on trends and learn from those in the know. Businesses like Huel and Grenade identified gaps in the market and strategised to fill them. And they did so brilliantly well, which cemented them as the two most successful food and drink startups in the UK in recent years. There’s plenty to learn from successful food and drink startups, which means your business can also succeed in a competitive market. If you know it’s something you’re keen to do but you’re not quite sure where to start, read our guide on how to start a food business for more information. If you're now ready to start your food business venture, check if your business name is available and SUAZ will help you set up the rest . Recommended Readings

Congratulations on your new office! Next steps: Before changing your address: You’ll need to wait for a text from Stripe Identity ⁠You’ll need to upload your proof of ID ⁠Wait for confirmation you are verified When you’re verified you’ll be able to use your SUAZ office as your: ⁠Registered office address ⁠Director service address ⁠On your website ⁠On sales materials Remember: Your virtual office isn’t a trading address, so make sure you give your bank, HMRC and any official bodies that ask for your trading address or place of business as the address you work from. This is particularly important when you order your business bank cards as getting them sent to us can cause needless delays. Also remember not to get parcels delivered to the virtual office, they can’t be processed or stored by our staff. Give us a call if you have any questions: 0333 880 2295 Don’t forget to rate us on Trust Pilot: