Self Employed - Support Extended Range
MENTA has extended their range of new business and self-employment packages across Norfolk and Suffolk.
Projects Manager at MENTA, Emma O’Connor, says: “We have a true blended offer to those individuals looking to make the change to their working life; this may be starting a business, making a move to self-employment, or simply wanting to research options for a decision later down the road”
“We are offering face to face walk in advice sessions, online coaching in marketing, business set up and business planning, as well bookkeeping”
MENTA has a series of Zoom Sessions, 1:1 coaching and events that help people choose the right support package for them and their lifestyle:
At a recent session, MENTA trainers spoke around a few key areas of consideration for those looking to change their working status.
What is your product or business model and how does it fit into the market? Is there a market need for those services or products? Find out who your customers are and who your competition may be. Look at what the competition is doing and work out what you could do better. Look at their pricing and work out where your place in the market is compared to their pricing structure. It is important to remember that 17% of small businesses fail because they do not have a clear business model.
Next you may need to consider the cash needed to start your business. Do you need to apply for a bank loan or a grant? If so, how do you go about applying for funding. Have you got enough capital to cover the initial expenditure needed to get the business up and running? Organizations like MENTA can help you with all this and help you set up a business strategy to ensure your business is a success. It is important to have a business forecast or cash projection - don’t be in the 29% of small businesses who failed because they ran out of money. Work out what your overheads will be per month and what you need to cover those costs as well as what you will need to make in terms of profit to live on.
Never underestimate the power of marketing both at the beginning of your business and as it starts to take shape and gain customers. Once you have confirmed who your target market audience is, find out where they gather their information. You need to have a presence in that area either via social media, advertising, or PR. Your customers need to know that you are there. You need to be visible. 14% of small businesses fail because of poor marketing.
If you have a great idea for a business but are stuck with how to take it forward, MENTA can help you. MENTA are consistently ranked as one of the top three business training providers in the UK and can offer you help and advice on how to achieve your business dream.
Take a look at the Start-up and Self-employed page here or arrange a call back to discuss your needs:
