{"id":29354,"date":"2023-05-12T15:10:00","date_gmt":"2023-05-12T15:10:00","guid":{"rendered":"https:\/\/work.life\/blog\/starting-a-business-in-north-london\/"},"modified":"2025-03-11T11:01:08","modified_gmt":"2025-03-11T11:01:08","slug":"starting-a-business-in-north-london","status":"publish","type":"post","link":"https:\/\/work.life\/blog\/starting-a-business-in-north-london\/","title":{"rendered":"Your Guide To Starting A Business in North London"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_81 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Quick Links<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/work.life\/blog\/starting-a-business-in-north-london\/#What_areas_does_North_London_cover\" >What areas does North London cover?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/work.life\/blog\/starting-a-business-in-north-london\/#Why_start_a_business_in_North_London\" >Why start a business in North London?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/work.life\/blog\/starting-a-business-in-north-london\/#Growing_economy\" >Growing economy\u00a0\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/work.life\/blog\/starting-a-business-in-north-london\/#Access_to_a_large_customer_base\" >Access to a large customer base\u00a0\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/work.life\/blog\/starting-a-business-in-north-london\/#Skilled_workforce\" >Skilled workforce\u00a0\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/work.life\/blog\/starting-a-business-in-north-london\/#Affordable_productive_staff\" >Affordable, productive staff<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/work.life\/blog\/starting-a-business-in-north-london\/#Supportive_business_community\" >Supportive business community\u00a0\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/work.life\/blog\/starting-a-business-in-north-london\/#Work-life_balance\" >Work-life balance<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/work.life\/blog\/starting-a-business-in-north-london\/#8_steps_to_starting_a_business_in_North_London\" >8 steps to starting a business in North London<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/work.life\/blog\/starting-a-business-in-north-london\/#Do_your_research\" >Do your research<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/work.life\/blog\/starting-a-business-in-north-london\/#Decide_on_your_structure\" >Decide on your structure<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/work.life\/blog\/starting-a-business-in-north-london\/#Create_your_business_plan\" >Create your business plan<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/work.life\/blog\/starting-a-business-in-north-london\/#Figure_out_your_finances\" >Figure out your finances<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/work.life\/blog\/starting-a-business-in-north-london\/#Establish_your_brand\" >Establish your brand<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/work.life\/blog\/starting-a-business-in-north-london\/#Register_your_business\" >Register your business<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/work.life\/blog\/starting-a-business-in-north-london\/#Find_your_North_London_office_space\" >Find your North London office space<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/work.life\/blog\/starting-a-business-in-north-london\/#Go_for_it\" >Go for it!<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/work.life\/blog\/starting-a-business-in-north-london\/#Final_advice_Call_in_the_professionals\" >Final advice: Call in the professionals<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p><span data-contrast=\"auto\">There are 1 million businesses in London. We were surprised, too! Sure, the competition for starting a business in London is fierce. But there are also massive opportunities for entrepreneurs looking to set up shop in the Big Smoke.\u00a0\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span> <span data-contrast=\"auto\">North London is an excellent choice for small businesses and startup founders. With its handy transport links, access to a skilled workforce and thriving business community, the area has a strong and growing economy.\u00a0\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span> <span data-contrast=\"auto\">There&#8217;s so much to consider in the early stages of establishing any startup in any location. But this guide is about North London businesses. So, here\u2019s some of the top things you need to know when launching in this thriving London sub-region and how to set those wheels in motion.<\/span> \u00a0<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_areas_does_North_London_cover\"><\/span><b><span data-contrast=\"auto\">What areas does North London cover?<\/span><\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-contrast=\"auto\">Anywhere within the Greater London area north of the River Thames is considered North London. North London covers 19 boroughs, including:<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Barnet<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">Brent<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"auto\">Camden<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span data-contrast=\"auto\">Enfield<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"5\" data-aria-level=\"1\"><span data-contrast=\"auto\">Hackney<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"5\" data-aria-level=\"1\"><span data-contrast=\"auto\">Haringey<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"5\" data-aria-level=\"1\"><span data-contrast=\"auto\">Islington<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"5\" data-aria-level=\"1\"><span data-contrast=\"auto\">Waltham Forest <\/span><\/li>\n<\/ul>\n<p>\u00a0 <b><i><span data-contrast=\"auto\">Did you know? Camden has the second-highest number of startups in the city and has been dubbed London\u2019s startup capital.*<\/span><\/i><\/b> <img decoding=\"async\" class=\"alignnone wp-image-25582 size-full\" src=\"https:\/\/work.life\/wp-content\/uploads\/2023\/11\/40497263943_42a25ef18e_b.jpg\" alt=\"\" width=\"1024\" height=\"678\" \/> <em>Pancras Square, King&#8217;s Cross &#8211; home of Google&#8217;s HQ<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_start_a_business_in_North_London\"><\/span><b><span data-contrast=\"auto\">Why start a business in North London?<\/span><\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-contrast=\"auto\">North London businesses are spoilt for choice when it comes to the huge selection of green spaces, eateries and famous attractions in this well-connected area. Not to mention, the place is awash with business support and networking opportunities.\u00a0\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span> <span data-contrast=\"auto\">Here\u2019s why starting a business in North London could be the best option for you:<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Growing_economy\"><\/span><b><span data-contrast=\"auto\">Growing economy\u00a0<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span data-contrast=\"auto\">North London has a strong and growing economy, with several business parks and commercial hubs, making it an attractive location for businesses to set up shop. There\u2019s also good news about London\u2019s economy in general. According to the latest <\/span><a href=\"https:\/\/www.ons.gov.uk\/economy\/grossdomesticproductgdp\/bulletins\/gdpukregionsandcountries\/apriltojune2022\"><span data-contrast=\"none\">Office for National Statistics<\/span><\/a><span data-contrast=\"auto\"> data, economic growth in London has powered ahead of any other part of the UK since the pandemic.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Access_to_a_large_customer_base\"><\/span><b><span data-contrast=\"auto\">Access to a large customer base\u00a0<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span data-contrast=\"auto\">North London businesses have access to more than 8 million Londoners. Now, that\u2019s a large pool of potential clients to tap into! With easy access to six international airports and a Eurostar hub, North London is an ideal base to stay connected with partners and do business worldwide.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Skilled_workforce\"><\/span><b><span data-contrast=\"auto\">Skilled workforce\u00a0<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span data-contrast=\"auto\">A North London base can be handy when it\u2019s time to recruit new staff. You\u2019ll have a better chance of snagging emerging talent with many universities and colleges in the area. People from all over the world come to live, study and work in London. So, you\u2019ll also have access to a larger pool of diverse professionals than in other smaller cities in the UK.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Affordable_productive_staff\"><\/span><b><span data-contrast=\"auto\">Affordable, productive staff<\/span><\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span data-contrast=\"auto\">North London can be an affordable area for hiring staff. The <\/span><a href=\"https:\/\/www.totaljobs.com\/salary-checker\/average-full-time-salary-north-london\"><span data-contrast=\"none\">average salary<\/span><\/a><span data-contrast=\"auto\"> for full-time jobs in North London is \u00a332,500. While in 2022, the <\/span><a href=\"https:\/\/www.statista.com\/statistics\/416139\/full-time-annual-salary-in-the-uk-by-region\/\"><span data-contrast=\"none\">median annual earnings<\/span><\/a><span data-contrast=\"auto\"> in the UK were \u00a333,000 and \u00a341,866 in London. The Statista data also shows productivity in London was 34.3% higher than the UK average \u2013 nice!<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Supportive_business_community\"><\/span><b><span data-contrast=\"auto\">Supportive business community\u00a0<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span data-contrast=\"none\">Several business support networks and initiatives like <\/span><a href=\"https:\/\/northlondoncreditunion.co.uk\/\"><span data-contrast=\"none\">North London Credit Union<\/span><\/a><span data-contrast=\"none\"> and <\/span><a href=\"https:\/\/nlcce.co.uk\/\"><span data-contrast=\"none\">North London Chamber of Commerce and Enterprise<\/span><\/a><span data-contrast=\"none\"> help startups and small businesses in North London thrive. There\u2019s also trade shows and exhibitions galore in London, so you\u2019ll have all the networking opportunities these present right on your doorstep.\u00a0\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span> <span data-contrast=\"none\">What&#8217;s more, London coworking spaces are ideal for startups and give you the chance to link up easily with other business professionals. For instance, we have regular social and networking events for our members here at <\/span><a href=\"https:\/\/work.life\/office-space\/london\/camden\/\"><span data-contrast=\"none\">Work.Life Camden<\/span><\/a><span data-contrast=\"none\">.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Work-life_balance\"><\/span><b><span data-contrast=\"auto\">Work-life balance<\/span><\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span data-contrast=\"auto\">North London is known for its vibrant culture and lifestyle, thriving arts and entertainment scene, and numerous parks and green spaces. Working here, you\u2019ll have easy access to the West End for its shopping and theatres. Then there\u2019s lively Covent Garden \u2013 who doesn\u2019t love Covent Garden? And not forgetting Camden Town, loaded with quirky shops, pubs and restaurants to enjoy.\u00a0\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span> <span data-contrast=\"auto\">This is all great for helping you strike that work-life balance, but it helps you attract and retain staff and clients, too!<\/span> <img decoding=\"async\" class=\"alignnone wp-image-25583 size-full\" src=\"https:\/\/work.life\/wp-content\/uploads\/2023\/11\/Camden-Town-London.jpg\" alt=\"\" width=\"1200\" height=\"800\" \/> <em>Camden Lock makes for the perfect midday stroll<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"8_steps_to_starting_a_business_in_North_London\"><\/span><b><span data-contrast=\"auto\">8 steps to starting a business in North London<\/span><\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-contrast=\"none\">Starting a business can be an exciting but stressful time. To set yourself up for success, following a clear plan is essential. Here are eight steps to consider when starting a business in North London:\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Do_your_research\"><\/span><b><span data-contrast=\"none\">Do your research<\/span><\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span data-contrast=\"none\">Identify the industry you want to start a business in and research the market in North London. Understanding the demand, competition and potential customers before opening your doors will give you a strong footing and increase your chances of continued success.\u00a0\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Decide_on_your_structure\"><\/span><b><span data-contrast=\"none\">Decide on your structure<\/span><\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span data-contrast=\"none\">Choose a legal structure for your business, such as a sole trader, business partnership or UK limited company. Your business structure determines lots of important things like taxes, liability and whether or not you can have employees, so it\u2019s crucial to get it right from the start.\u00a0\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Create_your_business_plan\"><\/span><b><span data-contrast=\"none\">Create your business plan<\/span><\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span data-contrast=\"none\">Establish your goals and develop a business plan that outlines your business idea, target market, marketing strategy, financial projections, and other relevant information. This will be the blueprint for your business.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Figure_out_your_finances\"><\/span><b><span data-contrast=\"none\">Figure out your finances<\/span><\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span data-contrast=\"none\">Determine how much money you&#8217;ll need and where to find the funds. Explore different types of financing available, like angel investors and venture capitalists. Once you have a financial plan, keep your finances in order by opening a business bank account, hiring an accountant and using accounting software to help you prepare for growth.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Establish_your_brand\"><\/span><b><span data-contrast=\"none\">Establish your brand<\/span><\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span data-contrast=\"none\">Develop a brand identity that sets you apart from competitors, including a logo, website, social media presence and marketing materials. Buy and register your business domain name(s) and set up your social media accounts to secure the handles early on. This will help you establish and protect your brand online and keep it consistent.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Register_your_business\"><\/span><b><span data-contrast=\"none\">Register your business<\/span><\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span data-contrast=\"none\">You\u2019ll need to register your business so it\u2019s legally registered in the UK. At the very least, this means registering with HM Revenue &amp; Customs (HMRC) to make sure you\u2019re paying the right taxes at the right time. Depending on your legal structure, the process of registering a business varies. For example, if you\u2019ve gone down the route of a UK limited business, you must also register with Companies House.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span> <span data-contrast=\"none\">Be sure to get professional advice to see if you need to register for a payroll scheme and Value Added Tax. Plus, the types of insurance you\u2019ll need.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Find_your_North_London_office_space\"><\/span><b><span data-contrast=\"none\">Find your North London office space<\/span><\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span data-contrast=\"none\">Consider using serviced North London offices or a coworking space, which are often affordable and flexible \u2013 perfect for smaller businesses and startups. Our <\/span><a href=\"https:\/\/work.life\/coworking\/london\/camden\/\"><span data-contrast=\"none\">Camden coworking space<\/span><\/a><span data-contrast=\"none\">, for example, comes fully furnished with breakout areas, a fully-equipped kitchen (by \u2018fully-equipped\u2019 we mean free coffee and snacks), meeting rooms and WiFi.\u00a0\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span> <span data-contrast=\"none\">You\u2019ll also share the space with other businesses and like-minded professionals \u2013 great for networking, and it keeps costs lower for you. Not to mention, everything from utilities to cleaning services are included, and you have an on-site team to take care of it all for you.\u00a0\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Go_for_it\"><\/span><b><span data-contrast=\"none\">Go for it!<\/span><\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span data-contrast=\"none\">Starting your North London business is exciting. But it can also be demanding, so having a clear plan with detailed steps before, during and after your launch will help set you up for success.\u00a0\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span> <span data-contrast=\"none\">Market your business by promoting it through various channels, including online and offline advertising, public relations and word-of-mouth. And don\u2019t forget those all-important networking opportunities to help get your name out there.<\/span> \u00a0<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Final_advice_Call_in_the_professionals\"><\/span><b><span data-contrast=\"auto\">Final advice: Call in the professionals<\/span><\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span data-contrast=\"none\">If you&#8217;re thinking of starting a business in North London, it can be pretty overwhelming. But don&#8217;t worry; you don&#8217;t have to do it alone! This guide is a starting point but it\u2019s always a good idea to get advice from pros like lawyers, accountants and business advisors. They&#8217;ll help you figure out all the legal and financial stuff so you can focus on your BIG plans.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span> <span data-contrast=\"none\">And when it comes to finding a North London office to launch your business, we\u2019ve got you covered. <\/span><a href=\"https:\/\/work.life\/contact-us\/\"><span data-contrast=\"none\">Contact our membership team<\/span><\/a><span data-contrast=\"none\"> \u2013 we&#8217;d love to show you what our office space in Camden has to offer you!<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span> <span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span> <i><span data-contrast=\"auto\">*Camden Business and Employment Bulletin, February 2023<\/span><\/i><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>There are 1 million businesses in London. We were surprised, too! Sure, the competition for starting a business in London&#8230;<\/p>\n","protected":false},"author":53,"featured_media":29355,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_eb_attr":"","content-type":"","inline_featured_image":false,"_lmt_disableupdate":"no","_lmt_disable":"no","footnotes":""},"categories":[245],"tags":[],"post_type_category":[],"authors":[98],"class_list":["post-29354","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-area-guides","authors-work-life"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.0 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Your Guide To Starting A Business in North London - Work.Life<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/work.life\/blog\/starting-a-business-in-north-london\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Your Guide To Starting A Business in North London\" \/>\n<meta property=\"og:description\" content=\"There are 1 million businesses in London. 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