There are many reasons why you might wish to set up your own business. One of the primary factors could be that you want to have more control over the way you work, your working environment and your hours. Other reasons could be that you have identified a particular gap in the market or you may wish to supplement your existing income.
Setting up and running your own business can be a very exciting prospect, but it is also time-consuming and challenging. Before you decide to set up your own business, you will need to carefully consider whether becoming self-employed will suit your personality and abilities, as well as fit in with your lifestyle.
If you think you may need help with becoming self-employed, there is a list of many useful organisations and much more information about self-employment, in our factsheet:
Some of the characteristics associated with small business owners are listed below to help you identify your own abilities and training needs:
Whatever the reasons behind setting up your own business, there are some common steps that need to be taken. It is vital that you conduct an assessment and carry out research to judge how viable your idea is. Consider the following areas:
It is important that you produce a realistic working business plan. It can help you spot potential pitfalls before they happen, structure the financial side of your business efficiently, focus your development efforts and also work as a measure of your success. In addition, if you do not have a working business plan you will not be able to secure any funding.
A business plan might include:
You should also try to think about how your sight problem might impact on your business. Organisations like RNIB, with our network of employment specialists, can help you assess this.
I have found that if you are positive, other people tend to be positive too. Although I don't think a disability is a qualification, it is an advantage to me in my businesses as they are disability related and I can relate through my own experiences.
Steph, 33 has leber's optic neuropathy and is an entrepreneur who runs two award-winning businesses. Steph is unable to see printed material so relies on speech software when accessing her computer and phone. She feels that without reasonable adjustments she couldn't run her businesses.
I think it is really important to thoroughly research into what running a business entails and going into it with your eyes open. If you expect problems and try and find solutions, most of the issues that you may come across can be easily resolved.
Frank offers advice and consultancy to parents of visually impaired children regarding education related options and gives talks at parent support group meetings and schools. He recently decided to venture into new territory by setting up a catering business.
Our Helpline is your direct line to the support, advice, and products you need to face the future with confidence. If you or someone you know has an eye condition, our sight loss advisers can help.
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