Small Business Advice
If you’re from outside the UK and are considering setting up a UK company, you may feel daunted by the amount of work involved. Doing it at a distance can seem like an impossible task, but when you break it down, it’s entirely achievable.
If you’re starting up your own clothing line, you’ll have put hours and hours into designing, creating and branding your products. And as any experienced clothing line entrepreneur will tell you, it’s imperative to consider trademarking your products.
Starting a production company used to be right up there with becoming an astronaut or rock star as one of those fantasy careers that mums and dads would gently dissuade their children from pursuing. Established production companies were simply too dominant, the opportunities too few and the costs too high for new companies to have a decent shot at succeeding.
Working from home can be one of the greatest perks of launching your own business. It’s the perfect environment to meet your needs, and it’s affordable.
As a wedding caterer, your main goal is likely to make sure the happy couple have a great day, and that everything goes as smoothly as possible. On top of this, though, you’ll face the added challenge of creating a stable, competitive business that earns plenty of custom and does things by the book.
If you’re starting up your own cleaning business, you’ll be spending a lot of time planning it. From equipment hire to insurance, this can be a long-winded and difficult process.
The big question: residential or commercial? When you’re thinking of starting up a cleaning business, this is a decision that all cleaning businesses need to make early on.
Lack of capital is one of the major reasons why startups fail. Some entrepreneurs theorise that raising capital can be a full-time six-month job for CEOs and this leaves bootstrapped startups with very few resources to operate and grow their business in the early stages.
Always dreamt of having your own business? Perhaps you’ve fantasised of being able to plan your own day or want control over your workload - but do you actually know what it takes to be a business owner?
We had the pleasure of speaking to Ryan Panchoo - the business owner and mastermind behind the successful gluten-free vegan doughnut sensation, Borough 22. Be right back - we’re off to get our doughnut fix!
You’ve had the dream and taken the plunge to set up a limited company, but what next? First of all, well done on deciding to start your own business - you’ve made a courageous decision in taking the first steps of your business venture!
Profit margins are the be-all and end-all of running a business, and with so many expenses coming from every angle, it can be a huge challenge to keep things cost-effective. 82% of small businesses fail because of cash flow mismanagement, which goes to show just how important it is for a business to maximise their income and minimise their output.
Startups face the unique challenge of translating passions and ideas into repeatable profits. If you want to scale your business successfully, you need systems that support your goals.
Tell us a little bit about your company. What is your business in your own words?
We all know the promises we make at the start of the year to get in shape, feel fitter and be stronger, but do you think about your business in the same way? Forget signing up to the gym, give your business a workout instead and get a head-start to 2018.