Now that you have decided to start a business, how do you go about setting it up and, specifically what do you do first. You will use it either to plan your company’s growth or expansion or to set company-wide priorities. It is always tempting when thinking about starting a business to do something you have always loved doing – make your hobby your job. Very few people actually have the available funds to cover start-up costs, and a business plan is something you can present to family, banks, or other private investors to gain their confidence in your venture.

If you have a Swedish personal identity number, you can use Mobile BankID to log into our e-services and register your company (in Swedish). This guide is designed for UK entrepreneurs but most of it relates to entrepreneurs starting a business anywhere, only the financial and legal sections will differ significantly.

Just don’t expect to make bank with this side business idea—I recommend combining it with another source of side income from this list of my best business ideas, and turning to surveys in your downtime when you need a little extra income. It will set expectations, generate hype (if done well), bring business in from day one and ensure that people know where you are and what they can expect from you.

In our how to start a business” guide, therefore, we’ll break down 10 essential steps you can take to start your business—covering everything you need to know in order to launch a successful, profitable small business that customers will love. Many startups seek part-time and commission-only salespeople, especially when they’re just getting started, which means you’ll often be able to make this a home based business idea.

A startup or start up is a company or project initiated by an entrepreneur to seek, effectively develop, and validate a scalable business model 1 2 Hence, the concepts of startups and entrepreneurship are similar. As expected, the ideal person to operate a hiking or walking business enjoys the company of other people, meeting new people, spending time outdoors and exercising on a routine basis.