So you want to start a business in Derby?
Starting a business can be both a daunting and an exciting experience. Done correctly, it can also be extremely rewarding.
You may want to start a business because:
I literally could list lots and lots of reasons why you would want to start your own business and your reasons will be very personal to you.
However, in this post I will share with you some of things to consider when you decide to start a business in Derby.
About Derby and Derbyshire
Derby is a city of Derbyshire, found in the East Midlands, England.
People often refer to Derby when they are talking about the whole of Derbyshire and not just the city of Derby.
Derby has lots of beautiful places to visit and things to see and do, making it a great tourist attraction.
The River Derwent runs through Derbyshire and attracts lots of visitors due to the many scenic locations it passes through.
Derbyshire is full of historic sites, points of interest and landmarks, monuments and statues, churches and cathedrals.
You have The Devonshire Dome in Buxton, the Mercia Marina in Willington, Chatsworth House in Bakewell, Sudbury Hall in Sudbury, StarDisc in Wirksworth, Matlock Bath War Memorial in Matlock Bath, to name just a few.
You can learn more about things to see and do in Derbyshire here.
Derbyshire is made up of the following towns and boroughs/districts:
City of Derby Wards
The city of Derby is made up of the following wards:
Deciding on the location of your business will be an important decision you will have to make.
City of Derby Business Locations
If you are looking to start a business in the City of Derby you have plenty of locations to choose from.
Intu Derby has lots of daily visitors and is close to local amenities. Perfect for opening an independent store or franchise that requires a high foot-fall of traffic.
Derby’s Cathedral Quarter is full of beautiful looking buildings full of character, charm and history, creating a unique shopping experience.
You can find Sadler Gate and Iron Gate in the Cathedral Quarter and these are perfect for high-end products and services.
Derby Market Hall opened in 1866 and is a vibrant mix of bustling tradition and contemporary stalls. Ideal for independent traders, fishmongers, grocers, butchers, etc.
Similarly, you have The Eagle Market that is connected to Intu Derby and boosts lots of stalls and various independent businesses.
Pride Park and The Wyvern are brilliant areas for large retail stores / franchises and service based businesses.
Kingsway Retail Park is another area that is suitable for retail stores and franchises.
Other areas that provide a range of shops that service B2B and B2C can be found in Derby City Center and Friar Gate.
There are lots of other vibrant areas in and around Derby with shops and office spaces that can become the ideal location for starting your business.
Is Starting a Derby Business Right for You?
Deciding on whether starting a business is right for you will come down to many factors.
Do you have money to invest in starting a new business from scratch or becoming a franchisee?
Will you need a loan to start your business?
Do you have a strong support network?
Do you have a viable idea?
Will you be a sole trader or a limited company?
Will you trade online or a bricks-and-mortar (offline) business ?
Will you provide products or services?
Will your customers be businesses (B2B) or consumers (B2C)?
You will want to answer these questions and lots of others to narrow your focus on your reasons for wanting to start a business.
While you take the time to consider starting a business in Derby, here are some important links to help you get started on the right foot.
D2N2 Growth Hub – learn how to start a business, grow a business in Derby and Nottingham.
Starting a business is full of challenges and Derby is a brilliant place to start on that journey.