Child of the 1960’s and maybe a late developer as well.
It not a big deal to undertake your research and create your own simple UK company via online application.
Knowing your marketplace and with a current business plan your next step is assess what business bank will suit your needs.
Find a book keeper or accountant that clearly understands your objectives and understand that the buck stops with you and not with them.
Now, that is all all well and good and to be applauded for your vision and initiative.
Late developers to this process may find this process is not that simple.
More of 50+ age group are utterly disillusioned of the difficulty of seeking employment and decide to take control of the process and create a business.
A big step and logical one to enable possibilities and doors that will open if clearly understanding it will not be easy and follow your instinct all the time.
Maybe, it is very easy for to say – well I am not like this writer. That is correct, we are all unique and driven by vision and success in our own ways.
Are you going to be a consultant or contractor with a few customers and operating “outside IR35”, then register with HMRC for payroll and seek their critical advice – they have helped me through the years and they have been very supportive.
Maybe, you want to provide digital services and be able to have a website for prospective customer to see your talent and buy.
Last, but not least you have an amazing product that is the best thing since sliced bread and the world is at your finger tips.
STOP STOP and excuse me, one major thing has been left out that has to be figured out right at the beginning “what is your brand?”, you need to research extensively and privately to seek a UK Trade mark or Patent. Then if this is the way forward make an application on-line and understand how the application will be applied to your business delivery and has to be linked to your Limited Company. Ensure when you have made the application you keep silent and do not share your idea with anyone until the whole process is concluded with awarding of a certificate from the UK patents office. Remember, the golden rule is that your intellectual property is priceless and very valuable in the business world. It is saying something that in 2020 during the pandemic there was far more applications to the UK Intellectual Property Office for Trademarks and Patents.
Equally understanding your future customers needs must be top of mind in being able understand their problem and have a clear solution that is understandable and buyable. Thus, your value proposition is meaningful in that it will help a great deal to avoid confusion and mixed messages going forward.
So, baby boomers and late developers you have amazing adventures ahead in the world of intellectual property in the business world.