Starting Up

Congratulations! You’re thinking of starting a business in Jersey which is the first step in turning a good idea into a commercial opportunity.

Setting up a business in Jersey is both exciting and daunting but careful research and planning will give you a clear idea of how successful your new venture is likely to be. Here are your 7 steps to the Start-Up Journey:

1. Have the idea
  • Write down your idea so you can explain it to others.
  • Think about your motivation for starting a business and what success will look like for you.
  • Be realistic about whether you have the time and skills to deliver your idea.
  • Consider who will buy your product or service and why they would buy it from you.
2. Check the feasibility of your idea
  • Will this be your main income or is it just a hobby? Do a personal budget so you know how much income you need from it.
  • Create a picture/plan of who your customers are, how your business will operate, potential costs and income streams.
  • Get feedback on your idea from people who have relevant experience and can give you a variety of views.
  • Decide if your idea could succeed as a profitable business and if yes, push ahead.
  • Attend our practical Workshop to Plan your Business.

3. Find advice and support
4. Plan it properly
  • Develop a plan to put your idea into practice, thinking about what you need to do and in what order.
  • Research your market and potential customers and decide how you will sell your product or service to them.
  • Think about the practicalities of how you will operate – how, when, where and what you will need.
  • Create a realistic financial forecast so you know what your income will be and how much it will cost you to operate.
  • If you need money to start your business, go out and start pitching for it now.
  • Seek advice and support from one of our Business Advisors
  • Attend:
    1. Workshop to Plan your Business
    2. Finance workshop
5. Get the formalities in place
  • Consider what legal structure would be most appropriate to start up your business.
  • Get your business properly set up and registered so that you are legally able to operate.
  • Get a business bank account.
  • If necessary, find appropriate premises to operate from and don’t over commit to them.
  • If you need them, recruit people with complimentary skills to yours and/or give them the training they need.
  • Set up your accounts so you can track how much money you are getting and spending.
  • Attend:
    1. Finance Workshop
    2. Incorporation Workshop
    3. GDPR/Data Protection Workshop
6. Start trading!
  • Think about how will you launch your business.
  • Make sure that your systems and processes are in place so you can invoice clients or take payments from day one.
  • When you have everything in place just get going!

7. Ongoing support
  • Keep in touch with Jersey Business so you can continue to get free, independent and confidential business advice.

Other useful sources of information.

Case Studies

More advice and help


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