How to set up and run a small business

Leaderboard – Homepage

You are here: Home

5 Tax Incentives every small business owner should know about

July 11, 2018

Increasing cash flow and being tax-efficient are usually near the top of every small business owner’s agenda. One way to achieve both these aims is to tax advantage of some of the various tax incentives available to businesses. However, small businesses often miss out on these tax breaks because they either don’t know what they’re […]

How reverse mentorship can drive fresh ideas, develop staff and help your business succeed

July 10, 2018

With age comes wisdom, but all too often in the business world, hubris can come along for the ride too. After finessing business decision making for decades, executives naturally begin to conclude that their specialised knowledge, expertise and business skills mean that they always know the best way to solve a client problem, to win […]

Thinking of exporting to Asia? Here are 7 common pitfalls to guard against

July 5, 2018

UK exports to Asia are now worth 18% of the UK export market – that’s £98.6 billion. China is now the eighth largest export market for the UK – with India and Singapore being among the UK’s largest trading partners in the commonwealth. Trading to Asia offers an entirely new world of possibility for UK […]

Why crowdfunding heralds a new power, and what this means for small businesses and start-ups

July 3, 2018

Look around at the world’s many unpredictable events and it could not be clearer that our political, and social, tectonics plates are shifting. Fueled by the digital revolution of young technology adoptees who are now reaching adulthood, it is in many ways unsurprising that the connected generation is rejecting old leadership paradigms, and favouring the […]

5 Power Presenting Principles for introverted entrepreneurs

June 28, 2018

The common perception is that you need to be a bit of an extrovert to be a good public speaker. However, that needn’t be the case. With a few simple tricks, as Kay Heald explains, introverted entrepreneurs can become excellent public speakers.

‘Business Basics Fund’ to boost uptake of new technologies launched by Government

June 26, 2018

Small Business Minister Andrew Griffiths unveils a new £8m Business Basics Fund in a speech to the CBI today. The Business Basics Fund aims to boost the productivity and performance of small businesses in England.

The Challenges of recruitment for startups

June 26, 2018

Hiring the right people is vital for the growth of your company. It is likely to go some way in contributing to the development of the business and helping it to become successful. The task of recruitment varies across different industries depending on their nature. For example, recruitment in hospitality is seasonal and finding the […]

5 Simple steps to grow your Facebook fans

June 25, 2018

Nowadays, everybody knows that social networks play a significant role in the promotion of a company. That’s why having an engaged and active community on Facebook can make all the difference to your business. But if you don’t know what you’re doing, building Facebook friends can take a lot of time and effort. So to […]

Staff Performance Reviews – How to get the most out of them

June 20, 2018

As a business owner, it’s likely that you struggle to find time to do the performance appraisals for your team. You are not the only one. Surveys have indicated that owners and managers hate doing performance reviews and as many as 58% think it is a waste of time.

A Guide to Setting up and Managing Payroll for Employers

June 19, 2018

If you’re starting to employ people in your business, mastering payroll is going to become an essential part of your business. Get it wrong and you risk unhappy employees and potential penalties from HMRC. There’s a lot more to it than simply paying staff money. So we’ve put together this guide to help you get […]

Keeping employee records: What small business owners need to know

June 14, 2018

The GDPR gives people more control over their personal information and requires organisations to clarify exactly where Personally Identifiable Information (PII) is stored – and how it is used. Less well-documented than data protection regulations, but no less important, are data retention regulations. To outline what your legal obligations are when it comes to keeping […]

6 Common Challenges in managing small projects (and how to overcome them)

June 12, 2018

Organisations tend to be fairly poor at defining their projects in terms of criticality and risk. Yet these are key attributes when it comes to deciding how much management and governance a project needs. Instead, the importance of a project is often seen as directly related to how large it is, how many people are […]

A Startup’s Guide to Cloud Accounting

June 11, 2018

From IT and recruitment, to marketing and sales, it’s safe to say as a startup you have a million and one things to do to get your business up and running. Finding time to devote to accounting and financial matters isn’t always at the top of a startup’s list of priorities. Nonetheless submitting annual accounts […]

How to bounce back from a business failure

June 8, 2018

A failed business can have a devastating impact on a business owner. However, the lessons learned can also make an entrepreneur stronger, wiser and more determined to succeed next time. Author and international speaker, Jonathan MacDonald, was floored by a business failure, but after the initial despair, he picked himself up and used the experience […]

4 Cyber safety essentials for small businesses

June 6, 2018

According to the latest Zurich SME Risk Index, almost one in six UK SMEs have fallen victim to cyber attacks in the past year, costing a fifth of victims over £10,000 and 1 in 10 over £50,000. It’s clear no SME should gamble when it comes to cyber security, especially with the new GDPR regulation […]

A guide to the Flat Rate VAT Scheme & the Limited Cost Trader test

June 4, 2018

VAT is one of the more complex accounting practices you’ll have to undertake as a business, which is why it can help to make it as simple as possible. The Flat Rate VAT scheme does exactly this and, if you’re eligible, could save you the headache of unnecessary work.

Employment Status – Why do I need to know the difference?

May 30, 2018

It would be fair to say that employment status has been a contentious issue in recent times as business owners and staff in various sectors dispute the true nature of their respective working arrangements. As a business owner it is important that you are familiar with the differences between the three main categories of employment […]

Why helping, not selling, is the key to sales success

May 29, 2018

Technology is constantly advancing and with technological advancement comes change. If you want your business to stay competitive, then you must be prepared to embrace technological changes. You may think that you understand the current sales market, however, the sales game is changing, and these changes are coming about thanks to technology. If you want […]

Guide to cash flow management

May 25, 2018

Cash flow is the lifeblood of any business, and managing it effectively can mean the difference between make or break. When we refer to cash flow management, we’re talking about making sure there is enough cash available to cover all your outgoing expenses. If your outgoings are more than your sales and you run out […]

6 Reasons why local PR can be good for business

May 24, 2018

Getting coverage in your local press may not have the kudos of being featured in national newspapers but it often delivers a better return on investment, especially to locally-based businesses. For small businesses, local newspapers are a more realistic target for press coverage than the national press. Readers of local papers want to read about […]

9 GDPR Myths – Busted

May 22, 2018

The juggernaut that is GDPR has now come into force. We’ve known about this radical new change in privacy and data protection law for over two years and on 25th May it became law across the EU. The past two years have allowed plenty of time for numerous myths to bubble up about the impact […]

How to get investors to back your crowdfunding campaign

May 21, 2018

The goal of any equity crowdfunding campaign is to catch the attention of investors and convince them that your business is worth backing. But how does the mind of an investor work? With more equity crowdfunding campaigns run each year, it’s crucial to know what motivates potential investors and how they make their crowdfunding investment […]

How to futureproof your business

May 18, 2018

There’s never been a more exciting time to be an entrepreneur, the amount of new options and opportunities can also feel overwhelming. Moreover, your customer has become ever more fickle and mistrustful of how companies operate and what they promise. So how do you futureproof your business in the face of so many choices and […]

How to use Google My Business effectively: 6 Tips for small businesses

May 16, 2018

To generate new leads in today’s online world, your business needs to be optimised for search engines – in particular Google. Most small businesses know this and invest good time and money in their online strategy. The challenge lies in achieving sustained search success and business map listings are a key part of this. Here’s […]

5 Simple ways for SMEs to address workplace stress

May 15, 2018

This year, Mental Health Awareness Week (14 – 20 May) is shining a spotlight on stress. With one in six adults experiencing depression, anxiety or issues relating to stress at any one time, it’s important for smaller employers to recognise the signs that their team may be under too much stress. Here, Jaan Madan of […]

4 Reasons why SMEs should invest in an Employee Assistance Programme

May 11, 2018

1 in 4 of us will experience a mental health issue at some point in our lives and the UK Government is taking this statistic seriously, recommending all companies with more than 500 employees should provide tailored mental health support for their staff. But what about smaller businesses? With millions of small businesses in the […]

How the Enterprise Investment Scheme (EIS), and the generous tax relief it offers, can help you raise funding to grow your business

May 10, 2018

The Enterprise Investment Scheme (EIS) is designed to help smaller, risky businesses raise funding to fuel growth. Early-stage businesses can find it difficult to secure investment, so the EIS was set up to encourage more investors to back fledgling businesses by offering generous tax-breaks. To help you see whether the EIS could help you raise […]

5 Things you must do when you go self employed

May 8, 2018

One of the main benefits of becoming self employed is the ease with which you can start up and run your new business. You can even become a sole trader (another term for self-employed) whilst working as an employee for someone else, so you can test the water and see whether working for yourself suits […]

Incentivising and rewarding staff with an EMI share option scheme

May 3, 2018

For many companies, staff retention is a key issue. Giving employees a slice of the business can foster a sense of ownership and can be a key element in retaining and rewarding them. One of the most widely used methods of achieving this is the use of Enterprise Management Incentive (“EMI”) Share Option Schemes. EMI […]

3 Ways Inbound Marketing can help grow your sales

May 2, 2018

Inbound marketing is an essential tool for any online business. By creating and distributing useful content, the aim is to attract potential customers to your products and services. Ultimately the purpose of inbound marketing is to create sales. So, here we examine ways that you can hone your inbound marketing tactics to engage with more […]

9 Things small employers need to know about the GDPR

April 30, 2018

Recent research has suggested that 39% of SMEs haven’t spent any time planning or preparing for the General Data Protection Regulation (GDPR) over the last year. With the clock ticking down rapidly to May 25 when the rules come into force, if you’re one of the small businesses that haven’t planned for GDPR, you need […]

Direct mail or email – Which marketing option is better for my business?

April 27, 2018

Technology has enabled us to communicate faster than ever. In the digital age, email tops the list of many people’s favoured way of communication, mainly because it’s faster than letters – or even phone calls. So, in a world where communication is dominated by instant messaging, email and social media, is there still a place […]

What are the alternatives if your broadband doesn’t meet your business needs?

April 25, 2018

For small businesses broadband is an essential requirement and yet for many people it’s hard to get the level of service they want from their supplier. Why is this and what steps can you take to get the quality of broadband you need to run your business successfully? We asked telecoms expert, Dave Millett to […]

How to retire sooner by making just one single change to your retirement planning

April 24, 2018

Once upon a time, not too long ago (up until 6 April 2011 to be exact), employers could force workers to retire at 65. However, since the abolition of the Default Retirement Age, you can continue to work well after 65 if you choose to. Many business owners enjoy working, and do continue working after […]

How using ‘simplified expenses’ can save you time if you’re self employed

April 23, 2018

Wrestling with your accounts is certainly not the highlight of working for yourself, but getting your finances right is an important part of being self-employed. Claiming business expenses can help you to cut your tax bill but, knowing what, and how much you can claim for isn’t straightforward. Fortunately, HMRC allow the self employed to […]

How the new EIS Guidelines impact crowdfunding

April 20, 2018

When it comes to start-up investment, the UK has some of the best tax relief schemes anywhere in the world. The Enterprise Investment Scheme (EIS), along with its earlier-stage sibling the Seed Enterprise Investment Scheme (SEIS), offer protection of investments in UK start-ups. If the business fails, investors can claim up to 80% of the […]