Can I really start a company without any 'proper' work experience?

Absolutely. Technical skills and market insight don't require 10 years in a cubicle. According to Companies House data, thousands of directors are under 25. Investors care about your ability to build, sell, and iterate. If you can demonstrate code that works or customers who pay, your lack of a traditional LinkedIn history becomes irrelevant.

How do I build credibility with investors while being 'unemployed'?

Shift the focus from who you worked for to what you have built. Traction is the ultimate currency. Show a functional MVP or a waiting list of 500+ users. Use data to prove your thesis. Venture capital exists for people who take risks, and being a zero-to-one builder is more impressive than a middle-management title.

What are the biggest risks for founders who have never had a job?

The main hurdle is lack of exposure to operational frameworks like payroll, compliance, and team management. You won't have a corporate handbook to follow. However, groups like the British Business Bank confirm that younger founders often pivot faster. You just need to be a fast learner and surround yourself with veteran advisors to fill the gaps.

Do I need to register as a sole trader or a limited company?

For a venture-scale startup, incorporating as a Private Limited Company (Ltd) at Companies House is standard. It separates your personal assets from the business. It only costs £50 for most digital registrations in the UK. This structure is essential if you plan to issue equity to co-founders or take on external investment later.

How do I handle the 'employment gap' if the startup fails?

There is no gap. Running a startup—even one that folds—is a fast-track MBA in reality. You have handled finance, product, and sales. Most modern tech firms value a failed founder more than a safe employee because you understand the 24/7 pressure of growth. Your 'employment' was the company you founded.