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

Discover the benefits of having a virtual office for your business. This guide outlines the advantages, from cost savings to increased flexibility. Read more. What are the Benefits of a Virtual Office? 8 min read Virtual Office Table of Contents Categories The benefits of a virtual office address The benefits of a virtual office in a city Which industries most benefit from virtual business? Disadvantages of virtual offices The benefits of a virtual office address Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office Virtual offices are becoming increasingly popular for businesses of all sizes, but especially for start-ups. Many businesses no longer need to invest in an expensive office space to establish their professional and brand image. A virtual office address offers a cost-effective solution that provides credibility, admin support, flexible working and employee satisfaction, as well as a prestigious address to use for business communications. Partnering with a reliable virtual office provider ensures you get the services and support you need for your new business to thrive, all without the overhead costs of a physical office space. Below, we'll uncover the key benefits of having a virtual address for your business, and why you should consider virtual office services to achieve your business goals. The benefits of a virtual office address Virtual offices provide businesses with numerous benefits, including: Cost Savings: Every penny counts when you're starting or growing a business. With a virtual office, you can save money on rental costs, utility bills, and other expenses associated with an actual office space. According to a study by Global Workplace Analytics, the average cost savings for businesses that use virtual offices is 30%. This freed-up capital could be reinvested into your business for enhanced growth and innovation. Enhanced Professionalism: First impressions matter and a virtual office provides you with a reputable business address that impresses clients and business partners alike. You can confidently meet clients at the physical office space or use its address for official correspondence, boosting your business's credibility and professional image. Flexibility and Work-Life Balance: Tired of the daily commute? With a virtual office, you have the freedom to work from anywhere, be it working remotely from the comfort of your home or your favourite coffee shop. You'll enjoy a better work-life balance and make time for the things that matter most. Plus, you'll avoid being tied to long-term leases, which can be a long-term commitment if you rent a traditional office space. Privacy: A key advantage of using a virtual office is that it can help you protect your privacy. When you use your home address as your business address, your home address becomes public record. This means that anyone can look up your address online, including potential clients, competitors, and even government agencies. With a virtual office, you'll have a separate virtual address that can also be used as your mailing address, to ensure no one shows up on your doorstep unexpectedly. Business Expansion: If you're planning to expand your business to new cities or countries, a virtual office can be your stepping stone. A virtual office space provides businesses with a local presence and networking opportunities without the need for physical relocation. This way you can also test the waters on the location you're targeting without the associated cost. Access to Top Talent: Expand your talent pool beyond geographical boundaries. A virtual office allows you to access a global network of talent and hire from anywhere in the world, enriching your team with diverse perspectives and expertise. The benefits of a virtual office in a city A city location can give you access to a larger pool of opportunities. If you're considering a virtual office in the vibrant city of Manchester, look no further. As one of the UK's biggest cities, Manchester offers a thriving business community, rich cultural experiences, and excellent transport links. By having a virtual office in Manchester, you'll have a physical space to tap into the city's dynamic economy and connect with potential clients and partners who value a local presence and small businesses. Which industries most benefit from virtual business? Virtual offices can be a great option for businesses of all sizes and industries. But, certain industries can maximise these benefits even further. Let's take a look at how different businesses can thrive with a virtual office instead of a traditional office: Creative Industries: If you’re a creative professional, a virtual office offers the freedom to work from inspiring locations and collaborate seamlessly with global clients. Consulting and Services: A freelance business can establish credibility with a prestigious business address. That way, business owners can offer top-notch virtual customer service while travelling to meet with clients. E-commerce and Online Retail: Virtual offices complement e-commerce businesses perfectly, providing you a professional address for returns and customer inquiries. Tech Startups: With access to remote talent and flexible workspace solutions, tech startups tend not to need a lot of physical space and could be well-suited for utilising a virtual office, letting you focus on innovation and product development without worrying about office logistics. Disadvantages of virtual offices To provide you with a complete picture, let's discuss some potential disadvantages of virtual offices: Lack of Physical Interaction: While virtual offices offer flexibility, some businesses may miss the face-to-face interactions that a physical office provides. This can be a challenge for businesses that need to build relationships with clients or partners. Internet Reliance: A stable internet connection is essential for virtual operations. This is because downtime or technical issues could temporarily disrupt your business. Isolation: Remote work can sometimes lead to feelings of isolation among remote team members. Regular virtual team meetings and fostering a positive team culture can mitigate this challenge. Availability: Since many businesses share the office space, facilities may not always be available at short notice. This means that if you need to use a meeting room or other amenities, advanced booking may be required. If your schedule might need late-notice use of facilities, consider researching physical office spaces or coworking spaces that are large enough to accommodate multiple businesses or ensure you book any meetings and conference rooms ahead of time where possible. Now that you've learned the numerous pros and cons of a virtual office, the decision is yours: is it time to take the leap and embrace the virtual world? Whether you're a startup, freelancer, or established business, virtual office services could be a great, cost-effective option for businesses like you. If you’re considering a virtual office in Manchester, SUAZ's virtual office packages can help. Buy a virtual office package from us today. Recommended Readings

Confused about the legality of virtual offices? Explore SUAZ's guide to learn about the legal aspects and regulations surrounding them. Read more. Are Virtual Offices Legal? 8 min read Virtual Office Table of Contents Categories Are there any legal considerations when it comes to virtual offices? Can you use your virtual office address as your registered address? Can any business use a virtual office? Will there be any effect on tax if you have a virtual office? Do SUAZ have all the licences needed to operate a virtual office? Are there any ethical implications of a virtual office? Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office The good news is virtual offices are perfectly legal in the UK. In fact, the Companies Act 2006 specifically allows businesses to use a virtual office address as their registered office address. Following the pandemic, as virtual offices have become increasingly popular in the UK, most freelancers and SMEs opt for this option. It’s invariably cheaper than renting a private office, plus they get to impress their clients with a professional image. It’s always worth looking into the benefits of getting a virtual office , to make an educated decision on whether it suits your business. Are there any legal considerations when it comes to virtual offices? When it comes to the legal considerations, there are a few. You’ll just have to keep in mind that if you’re going to use a virtual office, the address should be located in the same country where your company is registered. You also need to ensure that your virtual office is a physical address in the UK in order to register your business there with Companies House. When forming a company, you’ll be required to have a registered office address where authorities such as HMRC and Companies House can send official correspondence. These letters are important to receive so as not to risk dissolution if important mail isn’t getting to you. Can you use your virtual office address as your registered address? Yes, you can, especially if you want to keep your home address private . It’s common for virtual office providers to also handle mail-forwarding services, letting you make sure official correspondence is received and forwarded directly to you. But keep in mind that using the virtual office address as your registered address is different from using it as your trading address. Make sure to check your package inclusions to make sure you get all the services you require. If you’re not sure what is a registered office address , we’ve created an article to answer common queries like this. A lot of business owners also use a virtual office to impress their clients with a more professional image, so it’s a normal practice for startups and starting businesses. Can any business use a virtual office? If you’re wondering if your business can use a virtual office, the answer is yes. Anyone can use a virtual office, whether you’re a sole trader or a limited company. But it’s worth noting that there are some businesses that may benefit from a virtual office more than others. For example, if you’re home-based or have a lot of remote workers, you may find that a virtual office is a great way to have a business address without having to rent a physical office space. Like being a freelancer, you may find virtual offices offer more flexibility, especially if you often travel to meet with clients, and don’t need to be in the office all the time. Will there be any effect on tax if you have a virtual office? The use of a virtual office will not have any effect on your taxes. But you will still need to file your taxes as you normally would. Other virtual office providers commonly state if their prices include VAT but here at SUAZ, we usually incorporate VAT in our prices. See more about how much a virtual office costs here . Do SUAZ have all the licences needed to operate a virtual office? Here at SUAZ, we make sure that we have all the licences we need to operate, especially when it comes to our mail-forwarding services . We have a licence from the post office, so no need to worry about not receiving official correspondence. Some information to verify your identity is also asked to comply with Anti-Money Laundering (AML) verifications. We usually offer digital and post forwarding of your mail, to make sure you keep track of all important letters. Are there any ethical implications of a virtual office? If a company uses a virtual office address on its website and marketing materials, depending on the type of business you run and the type of clients you have, some people could consider this to be misleading. But, knowing your business and your customers, if you take this into consideration, you may decide that the benefits of a virtual office outweigh the drawbacks. If you think that a virtual office is a great choice for your business, view our Manchester virtual office address here . Recommended Readings

Discover the perfect dog walking business name with our suggestions and guide to creating a name. Stand out in the industry and attract clients effortlessly. A Guide to Finding a Dog-walking Business Name 10 min read Beginner's Guide Table of Contents Categories How to choose the perfect dog walking business name Understanding your brand identity Brainstorming business name ideas Evaluating and refining name options Leveraging naming resources and tools Legal and practical considerations 10 example dog walking business names Register your dog walking business with SUAZ for free today Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office So, you’ve decided to start a dog-walking business? Congrats! Financial freedom, job satisfaction and endless opportunities await you. But before you grab your wellies, leash and dog waste bags (so glamorous), you’ll need to come up with some good dog walking business names to help you get noticed. With the amount you have to organise when starting a business, it’s likely that you’ve left your business name until the last minute. But don’t panic - we’ve put together this guide to choosing dog walker business names to inspire you. Our tips and tricks can help you generate a unique and memorable business name that reflects your brand and business mission, and helps you stand out from the crowd. How to choose the perfect dog walking business name Your business name is more important than you may realise. It’s a key element of your business’ identity and is the first thing your potential customers see - so you’ll want to set aside some time to brainstorm your ideas. Deciding on a winning business name doesn’t need to feel im paws ible. Here are just some ways to get you feeling inspired and embracing your creativity. Understanding your brand identity Brand identity plays a crucial role in your business’ overall brand and marketing strategy. Before you start brainstorming the best dog-walking business names, you’ll need to pinpoint your brand identity - all the unique characteristics that influence your brand’s appearance, personality and overall image. Building your brand identity is a lot like a novelist choosing the traits and key attributes of their main character. Your brand identity is your chance to personify your brand, get creative and differentiate your business from its competitors. Try and think of some unique selling points (USPs) that set your business apart from the rest, what your brand stands for and your communication style - how you’ll talk to your customers. Your brand identity encompasses all the visual elements of your brand too, such as your logo, the colours you use and of course, your business name. Having a strong, consistent brand identity can help potential customers spot your business among the crowd and recognise it again in the future. You can build trust with potential customers and eventually build a loyal customer base that returns to your business time and time again. Brainstorming business name ideas For some, coming up with a business name is the most exciting stage of entrepreneurship - allowing you to flex your creative muscles and put a name to all your hard work. Whereas for others, the thought of brainstorming business names may feel like the hardest step in your journey. Some creative ways to brainstorm business name ideas include: Word association: A simple and effective way to get your brain in gear, word association can help you generate business name ideas by thinking of words that you associate with others. First, write down key words that relate to your business such as ‘walking’, ‘dogs’, ‘paws’. Next, list words you associate with each of the core words, such as ‘puppy’ next to ‘dogs’ and ‘outdoors’ next to ‘walking’. Finally, you can try to mix and match your words to create potential names! Mind mapping: Mind mapping can be a great way to visualise the connections between different ideas, allowing you to come up with ideas you wouldn’t otherwise consider. First, write ‘dog walking business’ in the centre of the page. Next, draw branches around for different aspects of your business, such as the services you’ll offer and the values or benefits you hope to demonstrate. From there, you can expand each branch with related terms to then combine your ideas. For example, a branch under ‘values’ might be ‘flexible’ which you could combine with the service ‘walking’ to get ‘Dog Walking, Your Way’. Rhyming and wordplay: You’ll want to choose a business name that’s memorable, so customers return to your business in the future. Using alliteration, rhyme or puns can be a great way for customers to remember you. First, list simple, core words that relate to your business such as ‘walking’ or ‘dogs’. Next, look for words that either start with the same letter or rhyme. You can then combine these words to have a creative, out-of-the-box name like ‘Hounslow’s Happy Hounds’ or ‘Walk Your Wagger’. Acronyms and abbreviations: Using an acronym can make your business name unique and personal to your business’ values. First, list the key elements of your business - for example, you may have ‘professional’ and ‘walking’. From there, you can use the first letters of each word to form your acronym. Make sure your acronym makes sense, is memorable and easy to say! An example is ‘PAWS - PAws itive Walking Service’. Asking yourself the following questions can help you pinpoint your dog walking business name too, by focusing on exactly what your business will offer. Will you exclusively offer dog walking services, or will you provide other services too such as grooming? If so, make sure your name encompasses all the services you look to offer. Would you prefer for your business name to be creative and playful, or would you prefer for it to reflect your company’s professionalism? Do you want to position yourself as the biggest and best, or would you prefer to be a smaller, more luxury-type business? Are you hoping to expand to other areas? If so, you may look to avoid choosing a location-specific name in case you expand your business further afield. Evaluating and refining name options Next, you’ll need to evaluate your list of potential dog walker business names, based on the following factors, to ensure the name is suitable for your new business and reflects the nature of your brand. Relevance: Make sure your potential business name aligns with the nature of your business or industry. Your potential clients or customers should be able to tell you’re a dog-walking business , for example. Also consider your target audience and ensure that your name resonates with them. Memorability: Having a business name that is easy to spell and pronounce and spell, is more likely to be remembered. Uniqueness: Ensure your name stands out from your competitors. It can be tricky finding a unique name, but the more original your name is, the less likely it’ll be confused with other brands. Domain availability: If you plan to have a website for your business, you’ll need to make sure a corresponding domain name is available for your business name. A matching ‘.com’ or ‘. co.uk ’ domain is ideal, but alternatives like ‘.net’ and ‘.org.’ may work too. Name availability: You’ll need to make sure your business name isn’t already taken. You can verify the availability of your business name through our handy name checker - talk about convenient! It’s also worth doing a quick search yourself on major social media platforms like Instagram and LinkedIn, to ensure it’s available when you start promoting your business across social media. Leveraging naming resources and tools If you’re struggling for inspiration or simply need a nudge to get the creative juices flowing, you can make use of online resources and tools designed to help entrepreneurs generate business name ideas. Google is your best friend when it comes to business name ideas, and brands like Shopify and Wix have their own AI-powered business name generators you can try out. Legal and practical considerations While there’s no legal obligation to trade mark your business, there are benefits in doing so. Registering your business name as a trade mark can offer legal protection by ensuring no one else can trade under your business name in your sector. You can use the government’s trade mark checker to make sure there’s no trade mark similar to your brand that already exists in the UK. Once you’ve decided on your business name, you’ll need to officially register your business with Companies House. You can register your business with Companies House yourself for a £50 filing fee, or alternatively, you can let SUAZ take care of things for you. We’ll cover the £50 incorporation fee for you and you’ll get hands-on support every step of the way. We offer several, professional company formation packages to help you get your business up and running, which can offer you peace of mind in knowing everything is taken care of. 10 example dog walking business names Now it’s time for us to share some of our creative (or terrible, it’s all subjective…) dog-walking business name ideas. We’re certain yours will be much more impressive, but here are some examples of good dog-walking business names to get you started. Tail Wagging Treks The Dog Walker’s Delight Your Canine Compass Fetch and Go Wag ‘n’ Walk Pawsitive Strides Strutting Mutts Hiking Hounds Woofing Wanderers Doggy Dashers of Dorset Register your dog walking business with SUAZ for free today An impressive dog-walking business name can set the foundation for success and help you establish a strong brand presence in the dog-walking industry. While starting your own business is sure to be your most exciting adventure yet, it’s also a lot of work. Why not let SUAZ take care of the complicated stuff? Our company formation service can handle the admin and legal aspects of your new venture, with support every step of the way. That leaves you to focus on the most important thing - your life-changing next chapter. What are you waiting for? Form your company today with SUAZ. Recommended Readings

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

Explore which companies own the most companies, and understand which sectors dominate as the largest owners of businesses. The companies owning the most companies 10 min read Business Trends Table of Contents Categories Which companies own the most companies? Which industries control the business world? The businesses owning the most companies by industry Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office In business terms, a subsidiary is a noun, meaning a company controlled by a holding company. To you and me, that’s one company owning another. It’s very common for large corporations to buy out or merge with other companies either in their space or in a new environment as part of a business plan to grow and dominate. It would be a popular thought that the likes of Google, Apple or Amazon own the most companies given their market value, but you’ll be surprised. Using the OECD-UNSD multinational enterprise data set, which examines the largest 500 multinational enterprises, we’ve conducted a study to determine which own the highest number of other businesses and which sectors they belong to. Which companies own the most companies? When looking at the companies that own the most companies, we found there to be plenty of names you’re likely to know, but also some that may surprise you. Vinci SA, a world leader in concessions and energy services, ranked first, owning close to 4,000 subsidiaries - over 1,000 more than second-ranked HCA Healthcare Inc. Vinci SA operates in more than 120 countries, has over 285,000 employees worldwide and has driven more than $70 billion in revenue. Several familiar brands also appear in the top 10,, including the likes of Lloyds Banking Group PLC, Shell PLC and Volkswagen AG. Which industries control the business world? Taking a closer look at the data, we analysed which industries have the largest share of control over businesses. In total, 65 of the top 500 companies belong to financial services brands. Given the nature of finance and understanding of tax, growth and acquisitions, this is not a surprise. Germany's multinational financial services company Allianz SE leads in the sector, owning more than 1,900 brands. Energy falls second, with 42 of the top 500 companies, with technology falling in third. The businesses owning the most companies by industry Below, we’ve broken the data down further, understanding which companies own the highest number of companies by industry. Sectors we looked at include financial services, banking, automotive, pharmaceuticals, oil and healthcare. Financial services Parent company No. of subsidiaries Allianz SE 1,919 BNP Paribas SA 1,725 Credit Agricole SA 1,557 KKR & Co Inc 1,498 Blackstone Inc 1,446 Banking Parent company No. of subsidiaries Lloyds Banking Group PLC 2,116 HSBC Holdings PLC 833 Bank of Nova Scotia 236 American Express Co 170 Bank of New York Mellon Corp 167 Automotive Parent company No. of subsidiaries Volkswagen AG 1,824 Mercedes-Benz Group AG 425 Tesla Inc 406 Mitsubishi Corp 368 Toyota Motor Corp 351 Pharmaceutical Parent company No. of subsidiaries Merck & Co. Inc 626 Johnson & Johnson 476 IQVIA Holdings Inc 470 Pfizer Inc 408 Dow Inc 354 Oil Parent company No. of subsidiaries Shell PLC 1,840 BP PLC 1,159 Eni SpA 566 Saudi Arabian Oil Co 475 Rio Tinto PLC 439 Healthcare Parent company No. of subsidiaries CVS Health Corp 685 Abbott Laboratories 575 Medtronic PLC 391 Centene Corp 390 Becton Dickinson and Co 342 Finance and energy sectors dominate - but will technology catch up? As shown by our data, it’s not the typical tech giants that have the most control of businesses; it belongs to companies in the financial and energy sectors. Are we to see a shift in the future here? Possibly, given the growth of tech companies in recent years, something we’re sure to keep an eye on. Methodology Using the OECD-UNSD multinational enterprise information platform, we looked into the latest data on the total number of subsidiaries per parent company. We then grouped each company into an industry to determine which are the most common. Recommended Readings

Are you debating whether a business bank account is necessary? Start Up A-Z highlights the advantages and reasons why your venture can benefit from having one. Do You Need a Business Bank Account to Operate? 7 min read Start-Up Finance Table of Contents Categories Do You Need a Business Bank Account to Operate? What is a business bank account? Who needs a business bank account? You need a business bank account You don’t need a business bank account What are the benefits of a business account? Disadvantages of a business bank account Using a personal bank account for business Choosing the right business bank account Take control of your business’ finances with Cashplus Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office Currently in the process of setting up your own business? Congrats! This is an exciting new chapter in your life, bursting with opportunities, excitement and probably a few nerves too. During your research, it’s likely you’ve asked yourself, ‘Do I need a business bank account?’ We’ve put together this handy guide that will answer just that. Let us guide you as we explain whether a business account is essential, its benefits and how to go about choosing the right one for your business. What is a business bank account? A business bank account is a bank account designed for businesses; from sole traders to limited companies . It works in a similar way to your personal bank account, by allowing you to send and receive money, but also grants you access to other features exclusive to business owners. You’ll be able to carry out transactions in foreign currencies and process salary payments, making your life as a business owner that bit easier. Planning to take out a business loan later on? Opening a business bank account can also help you boost your business’ credit rating, improving your chances of acceptance and a competitive interest rate when it comes to borrowing. Who needs a business bank account? So the question is, do you need a business account? Whether you legally require a business bank account or not will depend on whether your business is legally separate from you. Looking for more detail on business bank accounts? Read our article - Do you need a business bank account? - for more insight. You need a business bank account If you’ve set up, or are looking to form a limited company in the UK, you’ll need a business bank account. This is because a limited company is treated as a separate legal entity to you and other business owners, so you shouldn’t use your personal bank account for its finances. As a limited company, your business is considered an ‘individual’, so it’s important to keep your finances separate from your business’ finances. Want to read more about this? Read our guide on limited liability here . You don’t need a business bank account If you’re a sole trader, freelancer or contractor, you don’t need a business bank account. This is because you’re considered self-employed, so your business isn’t legally separate from you. But, if you’re looking to keep your business’ income separate from your personal finances, having a business bank account may make sense from a business perspective. What are the benefits of a business account? If you’re weighing up whether to open a business bank account, these advantages may win you over: Organisation: Having a business bank account can make you feel more organised and in control of your business’ finances. When it comes to filing your tax return each year, your business transactions will all be in one place, rather than being mixed up with your personal spending. Having a business account makes it easy to keep track of your business’ cash flow and expenses so you can complete your tax return with ease. Professional image: Giving your customers or suppliers your business bank account details can help boost your business’ professional image, helping you to look established and trustworthy. Exclusive features: From processing salary payments to carrying out transactions in foreign currencies, a business bank account can offer you a range of features to support your business. Disadvantages of a business bank account While setting up a business bank account can keep your business’ finances in order, there are some downsides to consider too. Here are some potential disadvantages to having a separate account for your business: Admin: With double the bank accounts, you’ll have twice the amount of admin to take care of. That means more cards, statements and paperwork to deal with. It may be worth keeping on top of admin regularly, rather than only when your tax return is due, to save you time later. If you’re a basic-rate taxpayer, it can be a good idea to put around 30% of your profit aside for tax and national insurance, and around 40% if you fall into the higher-rate band. Fees: A personal account is completely free, whereas business accounts usually charge a monthly fee of around £5. It’s likely you’ll also be charged for withdrawing money and cash deposits. Using a personal bank account for business So, do you have to have a business bank account? That ultimately depends on the type of business you have. If you’re a sole trader, you can continue to use your personal bank account for your business, but you may prefer to have a business bank account to keep your finances separate. Whereas, if you have a limited company, you aren’t able to use your personal bank account for your business. By forming your company with Companies House, your business is treated as a separate legal entity to you, so you must keep your personal and business’ finances separate. As mentioned previously, keeping your personal and professional transactions separate can often be beneficial anyway, making it easier for you to track your spending and keep on top of your finances. Choosing the right business bank account Choosing the right business bank account is an important step in your journey as an entrepreneur. After all, it’s where your hard work will accumulate, so you’ll want to make the right choice. Some factors to consider when choosing a business bank account include: Fees: As mentioned, business accounts charge a fee, usually per month. While some banks advertise free introductory offers, make sure to research how much you’ll be paying long-term. Factor in how much your account will cost you and how you plan to use the account to figure out if the fee makes sense for your business. Protection: Make sure to check that the money you deposit into your business account is protected under the Financial Services Compensation Scheme (FSCS). This means should the bank your account is with go bust, your money will be protected up to £85,000 per person, per financial institution. Features: Your business bank account will come with various additional features, so make sure to keep an eye out for those that would benefit you most. Key features may include a mobile app to keep track of your money, being able to attach receipts to transactions and being able to categorise your spending. Take control of your business’ finances with Cashplus Starting your own business is an adventure like no other, but not without its challenges. Keeping track of your budget and business spending can feel complicated. But with the right business bank account, you can gain clarity and control of your business’ money matters. We’ve partnered with Cashplus Bank so you can tick another thing off your to-do list and know your business’ finances are all taken care of. Their business account is fully FSCS protected and FCA regulated - what’s more, you could apply and get a decision in minutes, with absolutely no monthly fee. When you form your company with SUAZ, we’ll submit your application to Cashplus Bank on your behalf as soon as your company is ready to go, with no additional paperwork. Talk about organised, right? Set up your small business bank account today. Recommended Readings

Looking to break free from the 9-5? Becoming an entrepreneur can be life-changing, with the potential to secure financial independence and achieve your dream. Advantages & Disadvantages of Starting a Business 3 min read Beginner's Guide Table of Contents Categories Advantages Flexible lifestyle Financial benefits Personal growth and development Disadvantages Financial risks Stressful times Lack of balance To conclude… Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office Looking to break free from the 9-5? Becoming an entrepreneur can be life-changing, with the potential to secure financial independence and achieve what may be your life-long dream. But deciding to start your own business is a big decision, and not one to make lightly. Before you take the leap into entrepreneurship, it’s important to weigh up the advantages and disadvantages of starting a business so you’re prepared for all eventualities and know it’s the right choice for you. Here, we’ll dive into the benefits of starting a business and any potential disadvantages to consider, to help you decide if you’re ready for a new, exciting chapter. Advantages Starting your own business can open the door to many benefits, from being your own boss to financial independence. You’ll have the opportunity to create a company culture that reflects your personal values, take control of your work-life balance and craft a company that you’re proud of. Here are some key benefits of starting a business for you to consider. Flexible lifestyle One of the greatest benefits of starting a business is being your own boss. You’ll have the freedom and flexibility to work in a way that suits you best. You don’t need to be tied down by the usual 9-5, and can work in a way that complements your lifestyle and personal goals. Perhaps you’ll choose to work while travelling, for example, or work a four day week - the choice is yours, boss! Most importantly, you’ll have the freedom to make decisions, set goals and direction, and run things the way you want to, to ensure your business’ success. You can create a work environment that aligns with your values and supports your personal wellbeing. Financial benefits While getting your company off the ground can take time and money, the end result can be life-changing. With hard work and patience, there’s no limit to the financial rewards you can gain. With time, the financial benefits of starting your own business can outweigh the salary you’d receive working for someone else. You’re building a company that has the potential for growth and as the business grows, so does your bank balance. Your business will also become an asset which, should things go to plan, will continue to grow in value. Eventually, you may choose to sell your business or pass it on to a family member later down the line. Personal growth and development Starting a business is a great way to learn new skills and prioritise personal development. From managing your business’ finances to making business decisions, you’ll soon learn a wealth of skills. As your business develops, so will your confidence and knowledge as you overcome obstacles and learn how different areas of the business operate. It’s the kind of experience you can’t gain anywhere else. With business growth comes more responsibility, and it’s likely you’ll quickly learn the tasks you enjoy and the ones you can outsource. Disadvantages While starting a business can be an exciting and rewarding venture, there are some potential disadvantages that you should be aware of before jumping into any decisions. Below, we’ll cover some of the risks of starting a business for you to consider - so if you go ahead with your business, you’re well prepared for all eventualities. Financial risks Starting a business isn’t cheap and to begin with, you may find you’re spending more money than you’re earning, as there are things you need to start a business . To keep your finances in check, it’s important to have a business plan in place and be aware of the costs associated with started a business , to help you mitigate financial risks. This plan should include all the costs of starting your business and keeping it running, so you can stick to a budget. You can lessen the risk by setting up a limited company, which gives you limited liability. You can read up on the advantages and disadvantages of limited liability here . Stressful times The process of setting up your business can feel stressful and confusing, which is why using a company formation agent like SUAZ can take some weight off your shoulders. We’ll take care of the complicated stuff and submit your application to Companies House on your behalf, so you have one less thing to worry about. Once your business is up and running, it can be easy to feel overwhelmed. Going from working for an employer to being your own boss can be a lot to process. Entrepreneurship involves you stepping into the unknown. You’ll have a lot on your plate, from your business’ finances to keeping customers happy. It’s important to not take on too much work at once and ask for help when you need it, to keep your mental and physical health in check. Lack of balance When working for yourself, it can feel much harder to switch off at the end of a long day. Starting a business, particularly in the early stages, requires a significant amount of time and dedication to make it a success. This can make maintaining a good work-life balance tricky, and it’s easy to feel guilty when you’re not working. Try your best to set yourself strict work hours that you can stick to to avoid looking at work emails late in the evening! To conclude… Taking the leap into starting a business can come with mixed emotions - the excitement of new beginnings but also fear of the unknown. With both advantages and disadvantages of starting a business to consider, it’s important you’re completely confident with your decision. It can be hard to start a business on your own, so If you need support with your new venture, our team of experts are at hand to answer any questions you may have. If you’re looking to alleviate the stress of starting your business, a company formation package could be the solution you’re looking for. Our company formation service can handle the complicated stuff so you can focus on your exciting new start. Apply to form your company today to start the business you can be proud of. Recommended Readings

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

Want to succeed in the construction industry? If you're wondering how to start a building and construction business, we've created a guide to get you started. A Guide to Starting a Construction Company in 2024 10 min read Beginner's Guide Table of Contents Categories Why should you start a construction business? How much money do you need to start a construction business? Do you need qualifications to start a construction business? Steps to starting a construction business Start with market research and analysis Create a solid business plan Legal considerations and company formation Company formation A note on health and safety considerations Financing and funding your construction business Tips for scaling your construction business How SUAZ can help you Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office Starting a construction company is certainly a challenge, but it’s sure to be the most exciting and rewarding journey of your life. When it comes to entrepreneurship, the construction industry is a thriving sector to be a part of, with endless opportunities. Whether you’re laying the bricks or managing project timelines, this guide will be your go-to resource for starting a construction company so you know where to begin and how to overcome any hurdles that come your way. Whether you’re a newcomer to the construction industry or a professional looking to break free from the typical 9-5, this guide is sure to answer how to start a construction company and encourage you to make your dream a reality. Why should you start a construction business? Starting a construction business certainly isn’t a walk in the park. Becoming your own boss requires dedication, passion and the funds to get things going. There’s often a lot of business jargon and regulations to get your head around, and you’ll need to have the drive to succeed, even when obstacles get in your way. But as long as you’re prepared and have a detailed business plan to rely on, there’s no reason why you can’t have a thriving construction company to your name. There are several benefits to starting a construction business, including: Growing industry: The construction industry is an integral part of economic development, from housing to commercial spaces. With the Department of Education planning to rebuild hundreds of schools over the next decade, and the value of construction new work having increased by 15.8% in 2022 , you’ve chosen a bustling industry to be a part of. It’s likely you’ll never be short on work! High earning potential: As the owner of a construction company, you have the potential to earn significant revenue, with the industry set to increase to a revenue of 476.6 billion by 2027 . Diversity: The construction industry offers a variety of specialisations to make your mark in, from residential to commercial construction or even civil engineering. For those with a passion for woodworking, consider specialising in joinery. For a detailed guide on setting up a joinery business, check out our article on how to set up a joinery business . Or maybe you’d prefer to cover all bases, where your next project is in an entirely different field to your last, to keep things exciting. Independence: Nothing compares to the feeling of being your own boss. Entrepreneurship offers complete autonomy, allowing you to foster a work culture that reflects your values. Innovation: The construction industry is constantly evolving, particularly in terms of technology and sustainability. Starting your own construction business allows you to encourage innovation and contribute to positive change in the industry. How much money do you need to start a construction business? How much money you’ll need to get your construction business off the ground will vary depending on the type of services you’ll offer, where you’ll be based and your business model. According to industry estimates, the average budget for a new construction UK startup is around £5,000 . Our guide on the cost of starting a business explains the costs you’ll need to consider in more detail. Do you need qualifications to start a construction business? If you’re interested in starting a construction company in the UK, chances are your construction knowledge is up to scratch already. But there are some qualifications you may choose to have, and regulations you must adhere to, when starting a construction company, including: Construction Industry Scheme (CIS) registration: If you’re planning on paying subcontractors to do construction work, you’ll need to register as a contractor with the CIS before you take on your first subcontractor. Construction Skills Certification Scheme: CSCS cards serve as proof that those working on construction sites are qualified to do so. You’ll need to pass a health and safety test to qualify for a card, or be working towards a Level 2 or Level 3 N/SVQ. Training: You may choose to gain a construction qualification, or you may ask your staff to carry out construction training to ensure they know the tricks of the trade. A well-respected qualification is Construction Skills offered by City and Guilds , which covers the key areas of the construction trade. Steps to starting a construction business Below, we’ve put together the steps you’ll need to take when starting a construction company so you’re fully prepared for your exciting new venture. Start with market research and analysis You won’t know your potential customers' value and how to appeal to them without market research. Prioritising market research can help you stand out in a competitive industry. The first step is to define your niche and the specific services you’ll offer as a construction business. Perhaps you’ll specialise in commercial construction, or maybe residential construction is more your forte. Once you’ve decided on your niche, you can identify your target demographic, from other businesses to homeowners, and start to define how you’ll appeal to them. Other considerations include: Competitor analysis - identify existing construction companies in your area, their strengths and weaknesses and the gaps your business could fill. Customer needs - try to spot any unmet needs and where you could provide value. Networking - reach out to others in your industry to gain valuable insights, attend events and learn from others’ expertise. SWOT analysis - try to carry out a SWOT (strengths, weaknesses, opportunities, threats) for your new business and use your findings to address your opportunities and limitations. Create a solid business plan Your business plan is a written document detailing the ins and outs of your business goals, financial projections and overall strategy. It’s an essential part of your entrepreneurial journey, and something you can turn to/ Not only does your business plan hold you accountable, but it’s also crucial if you’re looking to attract investors. The financial section will explain your forecasted sales, cash-flows and expenses, which potential investors will read to decide whether their investment is worthwhile. Your business plan can also help you to prepare for any challenges you may encounter that could impact your profit margins as a construction business , such as fluctuating material costs or changing market conditions. Legal considerations and company formation You must get to grips with the legal requirements of starting a construction business - the last thing you want to do is break the rules. The most common licences you may need when working on a construction project are the following: Oversail licence: Should you need to bring a tower crane onto a work site to carry out a job, you may need an oversail licence if the jib of the crane needs to swing over any land that the developer doesn’t own. If this is the case, you’ll need to calculate the radius of the jib and try to get an oversail licence with each of the affected landowners. Scaffolding licence: Should you need to use scaffolding on or over a property that isn’t owned by the developer, you’ll need to obtain a scaffold licence. Without one, you’ll be trespassing and may face expensive legal disputes. Company formation Next, you’ll need to decide how you’ll start your business from a legal perspective. You can choose to form your business yourself through the UK’s national registrar of companies, Companies House for a £50 fee. Alternatively, you can trust a company formation agent to form your company on your behalf. Choosing SUAZ as your company formation agent can alleviate any concerns you may have about forming your company - we’ll form your company directly with Companies House completely free of charge, and you’ll have our advice at hand should you need it. A note on health and safety considerations As you can expect, health and safety is a top priority in construction due to the potential hazards and risks you take on as part of the job. Not only is the wellbeing of you and your workers at risk, but so is the health of the public and the environment. In 2015, the Construction (Design and Management) Regulations 2015 came into effect, replacing CDM 2007. This publication describes the law that applies to the construction process, how you can manage health and safety in construction and what you must do to carry out projects safely. Financing and funding your construction business Starting your own business can be expensive, but this shouldn’t deter you from making your business dream come to life. You’ll need to decide the financing or funding option that works best for you, depending on your financial circumstances. You may choose to take out a business loan to get you one step closer to entrepreneurship. Like other types of loans, you apply for a business loan through a bank and will need to repay the amount over time, usually through monthly repayments. How much you can borrow usually depends on your credit score and the bank’s borrowing limits. The bank will likely ask to see your business plan to understand what you’re using the funds for, and to ensure you have the means to repay. Alternatively, you may prefer alternative funding options such as crowdfunding, whereby you get a ‘crowd’ to fund a project, such as your new company. There are a few forms of crowdfunding to consider, such as donation-based funding where people will give you money without expecting anything in return, and equity funding where backers will receive a share of your business. Take a look at our guide to startup loans and business funding for more details. Tips for scaling your construction business As we’ve explained, scaling your construction business requires extensive planning, decision-making and drive to achieve your goals. Perhaps you’re looking to become a contractor specialising in residential construction, or commercial construction is calling your name. The key to success is a well-executed strategy - which can be implemented with the following tips: Financial management: Having the funds to start your business is one thing, but making sure you keep on top of your finances is vital for business success. You’ll need to maintain up-to-date financial records, monitor your cash flow and stick to your budget. You may choose to hire an accountant to help you keep on top of things and alleviate any worries you may have. Marketing: From digital marketing to social media, marketing your business is crucial to getting your business’ name out there. Once you’ve identified your target market, you can tailor your marketing efforts to appeal to their needs and values. Growing your team: The construction industry is collaborative and there’s nothing that teamwork can’t solve. Why not recruit some talented construction professionals who help grow your business? Manage risk: Make sure you identify any potential risks to your projects ahead of time and have a strategy in place to mitigate them. How SUAZ can help you If you’ve caught the entrepreneurial bug, what’s stopping you from chasing your dream? Starting a construction business could be life-changing, and we’d love to support you on your journey to success. Our professional company formation service can guide you through the process, with support there whenever you need it. There’s no reason to wait - form your company with SUAZ today. Recommended Readings

Starting a business involves paying set-up costs. Check out our top grants for starting a business and learn how to apply. 5 Grants to Apply for When Starting a Business 15 min read Start-Up Finance Table of Contents Categories Our top five business grants for new businesses Small business and start-up grants Resource grants Circumstance-specific grants Regional grants Tax relief grants Application tips Research the awarding body Be clear in your goals Why apply for a grant? Grants vs Loans Loan Grant Keep applying Get our expert guidance on starting a small business Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office So you’re thinking of starting a business! Grants can be a great way to fund those early days, but finding and applying for the right business grant is a challenge if you aren’t sure what to look for. We’ve put together an easy-to-read guide on grants to start a business, so you can get the funding you need without the hassle. Our top five business grants for new businesses There are loads of grants out there, each with different goals. These can range from helping underrepresented people become business owners to supporting new scientific or technological developments. Let’s take a look, shall we? Small business and start-up grants Start-up or small business grants aim to help out fledgling businesses to stimulate the economy and help keep independent businesses thriving. There are different grants for different types of business so make sure you do some research to see which is right for your new business. UnLtd awards for Social Entrepreneurs This grant offers funding (up to £8,000) and support to help new businesses committed to creating social impact in a financially sustainable way. Trading For Good A project delivered by the School for Social Entrepreneurs with support from Power to Change that offers training, support and grants for community businesses. Innovate UK Business Growth Innovate UK offers a range of grants and resources for UK businesses. This programme offers funded, expert support to help grow new or scaling businesses. The King’s Trust Enterprise Programme grants This programme offers multiple resources for new businesses, including Start Up grants of up to £5,000 and Test My Business Idea grants of up to £500 for concept-stage start-ups. Resource grants Some grants offer accessible resources as well as or instead of a cash sum. Resource grants might include discounts on equipment and training. The King’s Trust Enterprise Programme This programme offers a free four-day business course teaching budgeting, cashflow, book-keeping and tax, after which you can apply for a two-year business mentorship. Hatch Enterprise programmes Hatch Enterprise offers free or discounted business programmes for underrepresented entrepreneurs starting, growing or scaling their business. Made Smarter Adoption programme This programme offers a match-funded grant of up to £20,000 for equipment, advice and training to help businesses in the East of England improve their operations. Circumstance-specific grants Many grants have very specific goals and only award funding to businesses that meet particular criteria. For example, some grants are only awarded to women and young entrepreneurs, or businesses that are carbon neutral. Women in Innovation Award This Innovate UK award aims to encourage entrepreneurship and innovation by offering funding to women who are at a critical stage with their business. Hatch Enterprise grants Graduates of Hatch Enterprise’s Launchpad, Incubator or Accelerator business programmes can apply for grants up to £1k, £5k or £15k respectively. The Ashden Awards An award offering businesses with outstanding sustainability solutions up to £20,000 and the chance to attend the United Nations Framework Convention on Climate Change. Regional grants There may be regional grants available where your business is based. Have a look at the grants available in different parts of the UK. Some regions have lots of funding available to stimulate their economy and boost local business. Flexible Social Finance fund This fund offers community businesses across the North East of England access to support and flexible repayable finance. Commercial vehicle grant A grant of up to £180,000 to help small businesses operating in Birmingham’s Clean Air Zone upgrade their vehicles to meet Birmingham's Clean Air Zone emission standards. Net Zero Worcestershire This project offers up to £100,000 for energy efficiency projects. The grant is match-funded and requires the business to cover 25-50% of the project costs. Tax relief grants There are a range of government-run schemes that aim to help out businesses, some of which can provide tax relief and help a business reduce the amount of tax it needs to pay. Research and Development tax relief Research and Development (R&D) tax relief offers cash payments and Corporation Tax reduction to businesses making useful advances in science, mathematics or technology. Seed Enterprise Investment Scheme This scheme helps small or early-stage businesses secure funding by offering investors income tax reductions of up to 50% on their investment in a new business. Application tips After you’ve decided on a grant, the next step is applying! Grants are often pretty competitive, so getting funding will take more than just meeting the grant’s eligibility criteria. Here are some tips on how to put together an excellent grant application and win that funding. Research the awarding body Research, research, research! Every grant works differently, and understanding how they work will give you the best chance to find the right grant for you, impress the funding committee, and avoid unpleasant surprises. Here are some questions to ask before applying for grants: What region does the grant cover? Is your business in that region? Is the grant offered by the government, a nonprofit organisation or a company? What kind of business is the grant looking for? What does your business need to do to be eligible for the grant? How much funding is available? How will the funding be allocated? Is the grant match-funded? Be clear in your goals Funding committees have to go through hundreds of grant applications, so make sure yours is well-written and organised. You want the person reading your application to be able to see at a glance everything they need to know. Top tips Avoid using long words and sentences unnecessarily to try and look smart. The judges won’t be fooled! Instead, impress them with clear, concise writing. Check and recheck the grant’s goals and specifications! The more relevant your application is to the grant you’re applying for, the more likely you’ll get it. Start early — applications usually take longer than you think, so start early to make sure you have time to put together a great application and apply as soon as the application opens. Here’s an idea of how your application should look: Introduce your business, your project, how much funding you need, and how you’ll use it. Set out your grant proposal, explaining clearly and thoroughly how your business or project meets the grant criteria. Summarise your grant proposal. Give a more in-depth look into your business, including how you started your business, your mission and goals, and any notable, relevant achievements by you or your business. Explain in detail the goals of your project and why it's important — how will your project benefit the world outside of your business, such as the local community, the economy or the environment? Write a business plan and include your budget and any other useful data. Your business plan and budget should be thorough and detailed. Think about where every pound is going! Use all of this information to prove that this project is valuable, and that you need this grant to be successful. Show that your project will get the most out of this grant! Why apply for a grant? From rent and advertising to staff and furniture, starting a business can be a strain on the purse. Applying for a grant can help with these initial costs. There are a few ways to manage costs when starting a new business. If you have savings or a large income, you might be able to pay for a new business out of pocket. Look at your finances and draw up a solid business plan to get an idea of how much you have, and how much you’ll need. You could borrow from friends and family. Just make sure that they have enough to lend, and you will be able to repay it — lending money can put strain on close relationships, so approach with consideration and communication! You could also take out a business loan. Grants vs Loans So what’s the difference between a grant and a loan, and which is right for you? Loan A loan is money you borrow and repay later with interest. You can apply for loans from banks and online lenders. We can help you learn if taking out a loan is right for you. Grant You don’t have to pay grants back at all — however, you might have to spend it according to grant specifications. Grants might come as a cash prize, or a reimbursement or price match to your own spending. Be sure to read up on how a grant works before you apply. Keep applying If you can’t find the right grant for your business right now, or your application wasn’t chosen, don’t give up! There are always new grants being created and applications opening up, so make sure to keep checking so you can get your applications in and increase the chance of getting funding for your business. Have a look at the eligibility needs for different grants. Did you just miss out on funding because of something that you could change relatively easily? Or is it worth rethinking certain areas of your business? You can search the wide selection of grants available across the UK using these support and funding finders: UK business finance and support Welsh Government grants guidance Enterprise Ireland funding and grants Scottish business funding or advice Get our expert guidance on starting a small business We understand how difficult it can be to get a new business off the ground. You have an idea you want to see in the world, and it can be frustrating to jump through all the hoops to get there. From planning permission, rent agreements and licensing to technical, financial and staffing issues — trust us, we get it. At Start Up A-Z we offer clear, personalised guidance from friendly experts to help you navigate the early stages of starting a business. Get started today with our company formations packages — let’s make your vision a reality! 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Discover the impact of Companies House fee changes on agents & SUAZ's commitment to free company formation. Stay informed & empower your business with SUAZ. Changes to Companies House Fees 8 min read Company Formations Table of Contents Categories Understanding the recent changes to Companies House fees What does this mean for SUAZ? What does this mean for other company formations agents? So, how much does it cost to form a limited company now? SUAZ’s commitment to free company formations Adapting to change: empowering entrepreneurs Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office Following a recent government announcement, there are going to be changes to Companies House fees coming on May 1st 2024. These changes mean there’ll be an increase in the cost of starting a business in the UK. Below, you’ll find all the necessary information regarding the changes to the fees, and how they might affect your plans to start your own business, as well as some insight from our expert team. Understanding the recent changes to Companies House fees Companies House is increasing its fees for a range of business necessities, which includes an increase in company incorporation fees. These fees are increasing for all types of businesses and all methods of incorporation. Specifically, the cost to incorporate a company digitally is rising from £12 to £50, an increase of more than 300%. However, this isn’t about the government trying to maximise its own profits, as explained by our Start-Up Advisor, Joe. “It’s important to remember that Companies House doesn’t make any money by increasing its fees. It’s justifying this increase by spending more money protecting the integrity of the public register. If these changes lead to more accurate information on Companies House, there will be a decrease in fraud and the overall benefit to the reputation of UK companies. Having said this, the fee increases make starting a company, which is already expensive, even more so, and may put some people off making this leap. “Any increase in fees is clearly unfortunate for new business owners and hits small businesses the hardest. However, if the increased revenue is used wisely by Companies House, it will mean a more robust public register of information, which will give greater confidence to UK businesses.” What does this mean for SUAZ? At SUAZ, we’re proud to offer free company formations, so if you’re looking to start your own business, choosing us as your company formations agent means you won’t have to worry about the current £12 incorporation fee. We’re committed to offering you the opportunity to start your own business with our support, and the latest announcement regarding the changes to Companies House fees doesn’t affect what we can offer today. It would be disingenuous of us to guarantee that we will continue to offer the free product beyond May - this news was announced only last week and we would be wary of any agent that is already promising to offer free formations regardless of the fee increase. We know that any business, whether yours or ours, is built on careful decisions. As soon as we decide on the future of our free company formations product, we’ll communicate it to you clearly. The best way to keep up to date with the rapidly developing news is to join our mailing list. What does this mean for other company formations agents? It’s hard to know exactly how the changes to Companies House fees will change the landscape for company formation agents. The increase in fees will likely make it harder for everyone to offer free company formations in the future, and it really is a good incentive to take advantage of our free company formations offer while we can guarantee it. So, how much does it cost to form a limited company now? The changes to the Companies House fees come off the back of legislation passed in Parliament in October 2023, namely the Economic Crime and Corporate Transparency Act, which received Royal Assent on October 26. Designed to allow Companies House to play a much greater role in disrupting economic crime, this legislation does affect how small businesses will interact with Companies House. This includes changes to the way accounts are reported and how directors are identified, and greater powers to query information. Companies House is set up to take a much more hands-on approach to vetting and protecting the public register. Companies House fees work on a cost recovery basis, with fees covering the costs of services delivered. With an increase in the scope of work for Companies House, the change to the fees reflects this. The table below highlights the increase in fees in the areas that may be relevant to small businesses - for a breakdown of every planned change in Companies House fees, check out the Companies House website . Service Channel Current Cost New Cost Incorporation Digital £12 £50 Incorporation Paper £71 Confirmation Statement Digital £34 Change of Name Digital £20 SUAZ’s commitment to free company formations Our free company formations product is important to us, and our mission hasn’t changed due to this news. Our aims are still to: Take the stress away from starting a new business Give the new businesses we work with the best possible chance of success Support small businesses like yours with the best possible start We believe that the best start we can offer a new business is the Business Support Club - a unique marketplace that provides you with access to vetted suppliers to help you grow your idea into a business. By signing up to the Business Support Club via the free company formations product on SUAZ, you’re giving your business the best possible chance of success right from day one. As a member of the Business Support Club, you’re putting your trust in us and our suppliers; so it’s only right that we absorb the first cost of your business journey - the incorporation fee. Adapting to change: empowering entrepreneurs Changes to Companies House fees are not easy to read as a budding entrepreneur - but business has always been about adapting to a changing environment. On one hand, the knowledge that fees will rise in the future means there’s never been a better time to start your own business than today, beating the increase! On the other hand, you may not want to be rushed. These changes aren’t ideal, but perhaps they’re the catalyst you need to make your dreams of owning your own business a reality. Our Knowledge Base is packed full of information on starting companies in a range of industries and sectors, and it’s important to do the correct research before making any decisions. Beyond our own blog, we’d encourage you to sign up for the Companies House newsletter for up-to-the-minute information on any further changes in Companies House fees. Whatever path you choose to take, SUAZ and BSC are here to support you every step of the way. Our Start-Up Advisor, Joe, has the following tips for entrepreneurs following the Companies House announcement.“ We know that starting a business is already expensive and increased statutory fees aren’t exactly going to help. We’ve always promoted starting businesses with an emphasis on keeping costs down and this is getting more and more important. Here are some key tips to keep costs down: Don’t buy too much stock It can be exciting to buy stock, but buying too much can act like an anchor on your business, weighing on cashflow and meaning your budget is all tied up. Buy second-hand or leased equipment Buying older equipment can be significantly cheaper than buying new. Or consider leasing initially until you have a reliable income. Negotiate everything Lots of business purchases are negotiable. As the saying goes, if you don’t ask you don’t get. Always ask for a discount! Use Business Support Club Using BSC will allow you to compare suppliers and find the best value products and services for your new business. At SUAZ, the biggest mistake we see new business owners make is overspending when they start their company without proving the concept first. We highly recommend proving your idea works on a budget, then scaling up when you have demonstrated demand.” The changes to the Companies House fees don’t need to be the end of your entrepreneurial aspirations. With SUAZ and BSC on your side, they could be the moment you decide to make the best decision of your life and take advantage of a free company formation product that you can trust, while it’s still there! Recommended Readings