EDIT: Part 2 and Part 3 have now been unleashed! Starting one’s own business is a dream to many, but if you’re completely in the dark about how to go about setting up shop, it can seem like a daunting proposition. However, it doesn’t have to be scary at all. At the time of writing, […]
I recently wrote a blog about human creativity being the only thing that people truly buy (read it here). I want now to elaborate on the suggestions I gave then for displaying your creativity. I also want to talk about displaying you in your marketing videos and why they need more “you”. Many business people […]
A franchise can be a great way to set up a business without all the usual risks. You use a business formula which has been proven to work in the past – with support from the franchisor to help you get going. This guide gives an overview of buying a franchise operation. Types of franchise […]
Although the main activity of many businesses is to sell to consumers – known as business-to-consumer or B2C trading – all businesses will also take part in some kind of business-to-business (B2B) activity. You’ll need to use suppliers, to provide you with raw materials for making products, services (eg accounting or market research) and/or professional […]
Every business needs to stay on top of their finances. Here’s our guide to managing your business tax, budgeting and cashflow issues. Paying the right amount of tax It’s important that as part of your financial planning, you look at your business tax situation. Penalties can be severe if you don’t pay the tax that […]
Your business credit score is a number that indicates how likely your business is to fail in the next year. Your business is scored on a scale of 1 to 100 and the higher the number, the less likely it’s considered your business will fail. How is my company credit score calculated? It’s a common […]
Getting the right finance, at the right time, is hugely important for all businesses. As well as needing money to start up, you’ll need a steady flow of cash to pay your overheads, invest in equipment and supplies, and keep your business afloat while you’re waiting for your customers to pay you. You might also […]
All businesses – from sole traders to multinationals – need to understand and keep up with their books. As well as it being a legal requirement for HMRC so that they can make sure you’re paying the correct amount of tax, your books are also a vital source of information about how your business is […]
Whether you’re starting up a new venture or looking to expand, one of the most important issues is finding finance. A lack of access to finance is one of the biggest problems facing start-ups. And many promising businesses find themselves unable to progress because they can’t muster funding for vital investments, such as new infrastructure […]
Businesses are sold for many reasons – to release equity for the owner or shareholders, to allow the owner to pursue a different lifestyle or concentrate on new ventures, or because the owner doesn’t have the resources to take the business to the next level. Meanwhile, many aspiring entrepreneurs feel that buying an existing business […]