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Business Ideas

lightbulb-blueCongratulations! You have made a decision to start your own business in London, the Businesses For Sale in London site maybe able to point you in the right direction. Are you are considering buying a business for sale in London or seeking a business idea in London but are not sure what type of business will suit you?

There are so many factors to take into account when considering business ideas, perhaps you need some inspiration to think about some of the different types of London businesses for sale that would suit your skills. Businesses For Sale in London is a valuable resource of business information, news directory of businesses for sale and useful London business contacts.

Here are some ideas for businesses in London. Firstly, think about how you like to work, your personality, and lifestyle. Perhaps you would like to work home based as these roles may be a better fit for you if you need to juggle a busy family life around your business.

There are many home based business ideas in London these include, online businesses such as Accountancy, bookkeeping services, ideal if you prefer to work b2b, Dating Agency businesses, Estate Agency businesses, Event and Wedding planning, Cost Reduction Management, this type of business for sale is often favoured by white collar workers, businesses are always keen to reduce costs. If you are interested in an online business for sale this does not mean you need to be an expert in technology, so it is worth giving some thought to, especially as the internet is such a great resource for business information.

There advantages of these type of businesses, you do not need to find business premises, the financial saving in time and money of not needing to travel, pay rent and tie yourself up to a business property lease can really help get your business up and running. However, you will need a quiet place to work, ideally in a room away from distraction, do you have a spare room that could be used or perhaps you have a garden with the room to put a summerhouse to work from, you will also need to have self discipline to put in the hours where necessary. Many people start off initially home-based but as their business expands, then move to commercial premises in London. London has some excellent business centres, office premises and industrial estates in the area.

Perhaps you are the type of person who thrives on providing a high level of service and job satisfaction is paramount and you like to go out to work, businesses you may consider setting up in London could be running After School Children’s Clubs businesses, these could cover teaching a second language, running a sports training club business, Drama and the Arts ventures, Education Classes.

Catering businesses, ideas for London include outside catering businesses, wedding and special events, coffee shops business are everywhere on the High Street and are increasing in popularity, restaurants, takeaways, and Speciality Cakes Cleaning, courier businesses, Car Valeting, Automotive repairs, Dog Grooming businesses, Gardening etc. Many of these may involve perhaps learning a new skill and getting qualified, don’t let this put off. Say for example you would love to groom dogs, perhaps you could fit a City and Guilds course around your existing work arrangements, the dog grooming industry is booming in London. Many of the above businesses will require a vehicle, this could be either purchased or leased.

There are so many different Business ideas in London and businesses for sale in London and far too many to cover in detail, the purpose of this post is to inspire you to consider buying a business in London or setting a new business from an existing or new business idea. Take care though not to overlook any sector, try not to pre-judge. Research is key is finding a business that is right for you.

Questions to consider and tips about running a London Business

Do you see your London business operating as a Sole Trader or a Limited company? You will need to consider you obligations with both options. Also take some time to consider useful contacts for your London business these may include London Chamber of Commerce, great for business advice and networking, any companies that your business could have a synergy. Are their any business grants available for start ups in London? Marketing is essential for business, invest in a logo and advertising, brand awareness is so important, you want the customer to call you first not a competitor. You will also need to open a business bank account, see a few high street banks, as many offer advantageous deals such as free business banking for a limited time, also will your business need to have a facility to accept debit and credit cards? If you haven’t done so starting meeting accountants and commercial lawyers. If you are buying a going concern rather than starting up you will require a lawyer to check any agreements you are entering into.