Start a business
If you’re 18 or over, have the right skills and a great business idea, you might be thinking about starting a business.
Starting a business can be exciting, but it’s also challenging. You should think about it carefully before you decide.
What to consider
Choosing to start a business can be a hard decision to make.
To help you decide, you may want to think about how you'll:
- pay for housing, bills and food until your business takes off
- get the funding you need to pay for your business expenses
- research to see if your business idea is possible
- create a business plan
If you’re not sure whether starting a business is the right choice for you, you can speak to a careers advisor.
Skills you’ll need
Before you start a business, it’s a good idea to look at some of the skills that can help you succeed.
To start a business, you’ll need skills in:
- time management
- business planning
If you’re aged 18 to 30, you can apply for the Prince’s Trust Enterprise programme. They offer funding from £1,000 to £5,000.
There are also government-backed schemes offering financial help. Some of these schemes are open to 18 year olds, but not all.
The Prince’s Trust has a wide range of resources and tools to help you get started, including:
- business plan templates
- finance advice
- hints and tips
If you think you’d like to start a business, what you need to do next will depend on:
- the type of business you want to start
- where you'll work
- if you want to hire employees