How to start your own business

The past year has seen many people reassess their career options, and potentially think about starting a business themselves. But what are some of the things you might need to consider before taking the plunge? On this episode Andrea Fox speaks to Dan Moosah, founder of keepemquiet.com, a company that creates entertainment packs for children, about all things business – from side hustles, choosing a partner and developing a product, to funding, risks and hidden costs. How can you find more information? Royal London recommends you seek professional independent financial advice before making financial decisions. You can learn more about the value of financial advice on our website. You can also find lots of helpful information on starting a business on the following sites: UK: www.gov.uk/browse/business/setting-up Money Helper: moneyhelper.org.uk/en/work/self-employment/thinking-of-starting-up-in-business Prince’s Trust: princes-trust.org.uk/help-for-young-people/tools-resources/business-tools Royal London: royallondon.com/about-us/members/understanding-your-finances/your-personal-finances/top-10-questions-to-ask-yourself-before-starting-a-business This episode was recorded in July 2021 during the coronavirus outbreak. For the latest information on financial support and benefits, visit gov.uk/coronavirus. Please note that all topics discussed in this episode can vary depending on your personal circumstances. Any figures quoted were accurate at the time of recording.