In all sectors, the three main challenges facing any start-up are identifying a gap in the market, developing the product or service and then establishing a price point. Consequently, when deciding to form a company, many entrepreneurs choose to buy … Continue reading
Contemporary society is one informed by globalisation and economic inequality. This has had a great impact on the number of companies formed in the charitable sector. Although any type of business can have a social agenda, if you are considering … Continue reading
The UK’s economy is driven by small to medium enterprise. Similarly, the SME sector is driven by innovation. Identifying a new business concept, invention, product or service can be the result of a perceived gap in the market, a solution … Continue reading
As UK businesses’ credit continues to crunch and the threat of redundancy seems ever more persistent, many people are considering their own company formation. While there is a seemingly endless supply of information on starting a business available, most of … Continue reading
We have considered the reasons why many people consider the partnership model – shared financial and personal responsibility – we have looked at the various advantages and disadvantages and finally we have investigated the reasons why conflict can occur and … Continue reading
In the previous post, we considered why conflict occurs in a business partnership. Now we know the potential risk of collaboration, we have complied a list of advantages and disadvantages of forming a company with a business partner: Advantages Shared … Continue reading
In the current economic downturn, many businesses are considering their future. According to business analyst Harry Stevens, despite hostile market conditions, it’s a sellers’ market right now. Stevens suggests that this is the result of a number key economic factors; … Continue reading
One of the main reasons why newly formed companies fail is poor financial planning in the first year. As soon as you begin the company formation process, you begin to accumulate cost. Underestimating these costs could prove fatal to future … Continue reading
