Enjoying the podcast? Tell us what you think below and give us a rating. As always we’d love to hear your suggestions and feedback. Send us an email: [email protected].   January is a time when many of us will naturally be thinking about various hopes and intentions for the year ahead. But what if your ambition is to launch your own business?  Starting a side hustle during a cost-of-living crisis isn’t for the faint of heart. After all, in the UK one in five new businesses fold in their first year, and over half of start-ups don’t make it past five years. But that doesn't mean it's impossible. Join our host, Philippa Lamb, and three fearless entrepreneurs as they discuss real-world tactics for bootstrapping your dream business: Founder and CEO of Vestpod, Emilie Bellet; Founder and CEO of Sprive, Jinesh Vohra; and CCO at PensionBee, but also Founder of childrenswear business Little Circle, Lisa Picardo.   Episode Breakdown:  01:50 The idea and first steps 09:08 Networking with the competition 11:48 Business planning 15:26 The pros and cons of co-founders 18:04 Managing your money effectively 22:04 Sole trader versus limited company 24:54 Common mistakes and expert advice   Further reading: To learn more about starting your own company, check out these articles from PensionBee: Episode 24 transcript The pros and cons of self-employment What you should know about being your own boss Are the self-employed saving enough for retirement? How to manage your money when you’re self-employed Pension contributions from your limited company Six ways to reduce your tax bill as a limited company Sole trader vs limited company: how do the tax savings stack up?   Other useful resources:  Set up a business (GOV.UK) Online graphic design tool for businesses (Canva) Find the best accountant for your small business (Unbiased) Startup School for Seniors The Business Model Canvas (Strategyzer)     Catch up on the latest news, read our transcripts or watch on YouTube: The Pension Confident Podcast The Pension Confident Podcast on YouTube   Follow PensionBee (@PensionBee) on X, Threads, Instagram, TikTok, Facebook and LinkedIn. Follow Sprive (@SpriveApp) on X, Instagram, TikTok, Facebook and LinkedIn.  Follow Vestpod (@Vestpod) on X, Instagram, TikTok, Facebook and LinkedIn.