You may have heard a lot about digital tax recently, as the government’s ‘Making Tax Digital’ (MTD) initiative ramped up at the start of the new financial year. Eventually, business owners across the UK will be affected by MTD but many are still unsure about what digital tax really means and how it will affect them.
The likes of Foster & Partners and BDP might dominate the industry press, but it’s actually thousands of sole practitioner and boutique studios dotted across the country that form the bedrock of the UK’s architectural profession.
In recent years, it’s been tougher for property rental businesses in the UK. Lending criteria has been tightened, regulations have become less generous and rental yields have fallen — but can lessors still have good earning opportunities despite these challenges?
Breaking into the property development industry can be a rewarding enterprise, but you’ll likely face a number of challenges on the way. Aside from being great at selling, developers must excel at marketing, project management, property market analysis, and most importantly, understanding what buyers want and need.
Setting up your own online jewellery shop is very doable, but it does require some homework to ensure you start on the right foot. Beyond making your designs a reality, creating a website and setting up social media accounts, you’ll need to make sure you handle the more formal side of things.
You may know your hydrangeas from your hollyhocks, but how clued up are you on the different company structures open to professional gardeners? If your gardening business is going to flourish, you’ll need to pick the best setup for you, and meet all the business and legal requirements that come with it.
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.
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.
So you're thinking of becoming a professional dog walker? Welcome to a hectic, tumultuous, but rewarding new industry.