Your Step-by-Step Guide to Starting a Business in Kent in 2025

Whether you’re planning a side hustle or a full-time venture, 2025 is a great time to take the leap. Starting your own business is an exciting journey. It’s your chance to be your own boss, build something you’re passionate about, and shape your future. The economy in Kent in 2025 is growing, and new platforms make it easier than ever to start selling locally or online.

Here’s how you can start your business journey with confidence.

How Do I Start My Business?

Starting a business might feel overwhelming, but breaking it into steps can make it manageable.

Registering Your Business:
‍You can register with HMRC or Companies House online, but errors can lead to delays or penalties. It’s a good idea to register through an accountant to get it right the first time. If you’re unsure, we’re here to help.

Do I Need a Business Plan?
‍A business plan isn’t required, but it helps you stay focused and set clear goals. If you’re seeking funding, a plan is essential. Keep it simple at first—you can refine it as you grow. Remember,

“Aim for progress, not perfection.” - Miguel Calabrese

Should I Open a Business Bank Account?
Yes. Keeping your personal and business finances separate is crucial. A dedicated account simplifies bookkeeping and avoids confusion. Not sure which account to choose? Our Kent Business Support platform has a guide to help.

When Should I Start My Business?
The best time to start is when you feel ready. In 2025, there are plenty of opportunities with the rise of online platforms and flexible side hustles.
If your turnover is under £1,000, you don’t need to register with HMRC right away. This gives you a chance to experiment without immediate pressure.

Pro Tip: Platforms like Etsy, Shopify, and Amazon now report earnings directly to HMRC .Keep accurate records from the start to avoid surprises later.

What Type of Business Should I Set Up?

Choosing the right business structure is important. Here’s a quick guide:

Sole Trader

• Ideal for freelancers or small ventures.
• Simple setup, minimal paperwork, and you keep all profits.
• You’re personally responsible for any debts.

Partnership

• Great for businesses with trusted partners.
• Shared responsibilities and resources.
• All partners are personally liable for debts.

Limited Company

• Best for scaling businesses or those needing personal asset protection.
• Tax benefits and added credibility.
• Comes with more paperwork and responsibilities.

If you’re unsure, an accountant can guide you based on your goals.

How Do I Stay Legal and Compliant?

Staying compliant might seem like a headache, but these steps can make it simple:

Keep Records:
Save all receipts and invoices for at least seven years. You can store them digitally or physically—just ensure they’re organised and easy to access.

Making Tax Digital (MTD):
MTD rolls out for self-assessment in 2026, so using software like Xero or QuickBooks will save time and keep you compliant.

Know Your Deadlines:
Missing tax deadlines can lead to fines. Plan ahead and set reminders.

‍Hire an Accountant:
An accountant can save you time, money, and stress. They’ll keep you compliant, spot tax-saving opportunities, and help you avoid costly mistakes.

Pro Tip: Fixing DIY tax errors often costs more than hiring an accountant in the first place.

What Tools Should I Use for Accounting?

Keeping your records in paper format, or using spreadsheets will keep you compliant, but using digital accounting software makes managing finances easier and help with MTD compliance.

Recommended Software:
Xero, QuickBooks, and FreeAgent are excellent for small businesses. They simplify invoicing, expenses, and tax returns while giving you a clear view of your finances.

Pro Tip: Start using software early to avoid a data backlog.

How Can I Best Manage My Cashflow?

Cashflow is critical for your success. Here are some tips:

• Spend Wisely: Only buy what you truly need at the start.
• Budget Carefully: Allocate budgets for essentials like marketing and supplies.
• Keep Costs Low: Avoid unnecessary subscriptions or debt.

Need more advice? Download our Cashflow Management Guide on the Kent Business Support platform.

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Quick Education on Starting a Business

Understanding the basics is key to your success. For £29.99, our Kent Business Support platform offers 20+ short videos on:

• What's a balance sheet?
• What's a profit and loss?
• Where should I register my business?
• Managing VAT and payroll
• Record-keeping and pensions
• Business networking

Pro Tip: Even if you’ve started, these videos are a great way to brush up on your knowledge.

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Don’t Get Stressed!

Running a business can feel overwhelming, but you’re not alone. Building a support network—including an accountant or mentor—can ease the pressure.

At Blue Rocket Accounting, we’re more than just accountants. We’re here to guide and support you every step of the way.

Blogs You Might Also Want to Read

• 5 Tax-Saving Tips for Small Businesses n Dartford
• QuickBooks Versus Xero. Which is Better?
• Guide to Registering Your Business for VAT

‍Final Thoughts

Starting your business in 2025 is an exciting step toward independence and growth. Whether it’s a passion project, side hustle, or full-time venture, the journey is rewarding.

Ready to get started? Visit our Kent Business Support platform or contact our friendly team at Blue Rocket Accounting today. We’re here to help you succeed.

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