Birmingham is currently the second largest city in the United Kingdom with more than one million people living there. The city started as a small industrial and trader town in West Midlands. The rapid development in infrastructure, beautiful new buildings, and retail shops to let in Birmingham has resulted in a basting city that is full of diverse culture.
There is also the cosmopolitan Bullring trading centre, the beautiful stones and gems for sale in the current Jewellery Quarter, the fashionable King’s Heath and the cooperate businesses on the Colmore Row. The great infrastructure and facilities, access to a young and skilled talent pool that is coupled with low rates and rents make starting a business in the city a fantastic opportunity to individuals with high growth ambitions. Here is where to start when you are planning to open a shop in Birmingham.
Exploit All the Support Available
Even though the city is a wise choice to start your business, going from your idea to implementation is another task. You need to put essential processes in place before your favourite business can officially start trading.
Think of how you will gather enough material and equipment, where you will get the money to set up your business and where you will get potential customers without spending more cash on the advertisement.
The good thing is that there are several support services that will be there to take you through all the processes. You will get business enterprise support that will help you start a business in Birmingham successfully.
Know Where to Find Assistance
The Business Library provides access to a wide range of online databases, which include the COBRA, a complete business reference tool that contains business opportunity profiles, business information factsheets and the United Kingdom market synopses. You can access this business library from your home if you currently have the Birmingham Libraries card.
This Business Library also offers access to other online sources such as business buildings, market research reports, credit and company information reports. Also, it provides one to one business advice sessions that will help you access the best shops to let in Birmingham and the accurate information in the primary stages of the business.
The Birmingham City Council provides one to one advice sessions on the intellectual property such as copyright and trademarks that you will need to put into consideration when starting your new business.
Know What You Need to Do
You need to research your idea to know if it is unique. Also, you need to know your market and your competitors. Do not be afraid to look for relevant information from friends, property owners in the city, family members and business start-up professionals. Take your time to evaluate yourself to see if you have the skills required to start that particular business.
You need to know if you will require training at some point or you will employ a staff member who has the skills you are looking for. Also, do your research to know all the grants that are available for you before writing your business plan. Your business plan should be able to focus on the mind as well as helping you to secure support and finance for starting your business.