Running your own business puts you in control of your professional and financial destiny.
Whatever your reasons for building your own brand, here are 10 things you need to know before launching.Consider what your business is for and what differentiates you from the rest of the market as well as the costs and how much money you could make. Bryn Glover, editor of small business website Startups.co.uk, said: "Whatever your business, you need to know your market like the back of your hand.
This means if your business gets into legal or financial trouble, your personal assets such as your family home cannot be put a risk.In contrast, a sole trader only has to complete a self assessment tax return each year.Companies pay corporation tax on their profits, which is currently 19%.