How to set up and run a small business

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What I learned from going bust

September 5, 2017

Every business owner can learn valuable lessons from studying how successful businesses are born and grow. Looking out for, and replicating, key drivers of success in other businesses, can help to drive our own business forward. However, vital insight can also be gained from business failures. In many cases, what we can learn from terminal […]

Which types of insurance must your business have?

August 31, 2017

As with owning a car, you are legally required to take out certain insurances when running a business. If you don’t you can be fined heavily and could put your entire operation at risk. It’s also sensible to have some of the many optional business insurance policies available to cushion you from nasty shocks. With […]

Covey’s Matrix: The Simple secret to great time management

August 29, 2017

Managing time effectively is vital if you are to prosper as a business owner, especially when it comes to running a small business when just a few people have to deal with every aspect of the business. Despite best intentions though, we’ve all got to the end of a day without achieving any of the […]

A guide to HMRC’s Accelerated Payment Notices (APNs)

August 24, 2017

Government measures announced last year by the Chancellor to tackle tax avoidance schemes appear to be paying off. A recent illustration of this is HMRC’s high profile win in the Supreme Court against Rangers FC and its use of Employee Benefit Trusts (EBTs) to pay staff. More than £47m was paid to dozens of staff […]

The 3 Pillars of a successful promotional video

August 21, 2017

Video is a potent and wildly effective marketing tool, but only when it is part of a measured and considered content strategy. It is no easy task to succinctly and effectively communicate your brand values and core messaging to an audience in a way that is original and compelling. Before you even begin you need […]

Managing staff sickness absence – A Guide for small businesses

August 18, 2017

It is virtually impossible to eradicate staff sickness absence entirely. However, for small businesses, the costly nature of absenteeism can be extremely disruptive to the day to day running of the business. There are many costs associated with staff being off sick, including compensation to the absent employee, the additional expense of finding temporary workers […]

Salary Sacrifice Schemes – What small businesses need to know about the new rules

August 15, 2017

Significant changes to UK salary sacrifice schemes have now been implemented. Affecting both employers and employees, these changes essentially remove the tax incentives of many of the benefits in kind (BiK) offered under salary sacrifice arrangements. With, the new salary sacrifice rules reducing the tax benefits of salary sacrifice schemes, here’s what small businesses need […]

How to find a niche in the market and stand out from the competition

August 14, 2017

If your new business is going to be operating in a competitive marketplace, it’s crucial that you find a way to differentiate your business from all the competitors out there. In short, why should customers choose your products or services over what’s already available? If you can’t answer that question, then you need to read […]

Building your influencing skills and mastering the art of persuasion

August 10, 2017

Start-ups and small businesses have to be prudent in their go-to-market activities. There isn’t the budget to splash out on extensive marketing campaigns, or the time for spray and pray customer targeting. As a business owner, you are often the face of the business at every turn. Whether you’re dealing with customers, suppliers, partners or […]

The way to get paid – 12-Step Action Plan to stop customers from paying you late

August 7, 2017

Dealing with late payment can be tricky for small and medium sized businesses. Handle it wrong and a customer could be lost, ignore the issue and it can stifle business growth, have a huge impact on cash flow and even cause a company to go bust. Staggering figures published in a government paper, revealed that […]

Using mindfulness to navigate uncertainty and unlock creativity in your business

August 4, 2017

Now more than ever, creative thinking and the ability to come up with innovative solutions to today´s challenges is crucial for business success. With mindfulness being increasingly used to unlock creativity throughout businesses we’ve asked author Palma Michel, to share practical tips on how you can use mindfulness to improve your business:

The Beauty of selling your business with a Management Buyout (MBO) – And what to look out for

August 2, 2017

Many small businesses, up to 20 employees, are run in a very hands-on manner by their owners. This can work well for everyone and hopefully provide the proprietors with a good level of income. When it comes to the moment they want to move on, or retire, however, their future financial independence will depend on […]

Business Funding – What to do when the bank says “NO”

July 31, 2017

PROMOTED GUIDE – This is a promoted guide from Funding Xchange – the business funding marketplace where lenders compete to fund your business. Get Funding Now! If you have approached your bank and found it difficult to secure the funds your business requires, you’re in good company. Banks are declining up to 50% of loan […]

5 Ways you can use emotion to connect with customers and get more from your marketing

July 26, 2017

The more people feel, the more people buy. That’s the clear conclusion from the last decade of work by two of Britain’s top marketing analysts, Les Binet and Peter Field. They delved into the IPA DataMine – a huge database of ad effectiveness case studies – to find out how advertising really leads to meaningful […]

Financial planning – 6 steps to a successful plan

July 24, 2017

Good planning is important for both startups and established businesses, and a financial plan is no exception. As a new business owner, you have probably never had to produce a financial plan, so it can definitely be a daunting prospect. However, investing a little time and effort in making a financial plan for your new […]

How do you go from startup to selling a product every 12 minutes?

July 21, 2017

The dream for many entrepreneurs is to come up with a great new product, find the funding to develop it and then for it to fly off the shelves. The reality for most is different, but when this does happen it’s worth finding out how this success was achieved because the lessons we learn can […]

Interviewing job candidates – How to get it right

July 19, 2017

Getting the recruitment process right is important for any business as employing the wrong person can have a significant impact on future success. It will also save time and costs as the process will only have to be carried out once and not repeated. Although some employers perceive interviewing as a small part of the […]

Profit and Loss (P&L) Accounts – A Guide for small business owners

July 17, 2017

When you’re trying to work out how well your business is doing, one of the most powerful tools in your financial arsenal is your profit and loss account (P&L). This is a simple set of figures that will give you a summary of what your business has spent and sold, normally in a 12 month […]

A Guide to UK Outdoor Workwear Regulations

July 14, 2017

The UK has one of the most robust and exacting health and safety regulatory frameworks to be found anywhere in the world. Compliance with the various H&S laws is crucial for employers and this is true of the regulations for the appropriate and correct use of Personal Protective Equipment (PPE) for outdoor workers.

SME Secret Weapons – How smaller businesses can take on and beat bigger competitors

July 13, 2017

In its 50 years, business book publisher Kogan Page has remained buoyant in a sector that is dominated by much larger companies. The fact that its business is still prospering is testament to a few basic concepts that are as true today as when the company started in 1967. We asked Managing Director, Helen Kogan […]

What small businesses need to know about the General Data Protection Regulation

July 11, 2017

Despite Brexit, the UK government has confirmed it will abide by the new General Data Protection Regulation (GDPR), which is due to come into effect on 28 May 2018. The aim of General Data Protection Regulation is to encourage companies across the European Union to think seriously about data protection. In practice, the new GDPR lays […]

Auto-Enrolment Pensions – Skip the jargon

July 5, 2017

If you work in the world of hairdressing you’ll know a lob from a wob, just like plumbers know the difference between an angle stop and a capillary connector. For those of us who don’t work in these industries it’s complete gobbledegook. What are they talking about? The pension industry is one place where jargon […]

How you think about your business affects how you plan

July 3, 2017

Thinking about your business in different ways affects how you plan for the future, opening up some new avenues, but making others potentially harder. By being aware of how you view your business you’ll also invent new ways of thinking about it, which will give you a more balanced and flexible approach to financial planning. […]

Five questions that will add value to your bottom line

June 30, 2017

As a business owner, you are always looking for greater efficiencies, more productivity and some general cost savings. One of your key jobs is to make sure you are always looking for ways get your business running more smoothly and more profitably, but before you jump in and make wholesale changes to the way your […]

A Small business guide to e-commerce regulations

June 28, 2017

If you are selling any products or services online, you need to comply with e-commerce regulations. But what exactly must your business do to comply with these regulations? We asked Adrien Herbert of Lawbite to explain;

Real-time marketing – How to do it right

June 27, 2017

Real-time marketing (RTM), the strategy and practice of reacting with immediacy in digital channels to external events and triggers, has been steadily growing in use and popularity. An expanding array of tools and digital channels (e.g., social media and listening capabilities) has made real-time accessible, in theory at least, to virtually every marketer. As digital […]

Gardening start-up seeks to bloom with crowdfunding

June 26, 2017

PROMOTED CONTENT This article has been provided by fastgardener the new garden maintenance service. A new British start-up connecting businesses and homeowners in the UK with professional gardeners is turning to crowdfunding to get the necessary capital to grow.

7 Tips for effective document collaboration

June 23, 2017

From greater productivity and coming up with new and exciting ideas, to boosting morale and motivation, there are lots of advantages to working together. New businesses may be searching for effective and efficient ways to help promote teamwork and one of the best ways to do this is through document collaboration. Document collaboration has a […]

How to choose the right cloud phone system for your business

June 22, 2017

As internet access becomes increasingly universal, more and more businesses are turning to cloud phone systems (also known as PBX, virtual or internet phone systems and VoIP) instead of traditional landlines. The benefits of a cloud phone system are numerous – they’re more flexible, allowing team members to make and receive calls without being tied […]

Getting your job adverts right

June 20, 2017

Advertising for a new member of staff is something many business owners will need to do. Whether it’s because an existing employee is leaving, or a new role is being created, advertising for job vacancies is part and parcel of running a business. One of the first steps for many businesses seeking a new employee will […]

5 questions you should ask a prospective SEO agency before you consider hiring them

June 19, 2017

A website can be a very powerful marketing tool for start-ups and small businesses. An effective site helps smaller firms to reach out to a huge audience of potential new customers and take on bigger rivals. However, the battle to be found online can be fierce, so if you want your small business website to […]

PR Tips for start-ups

June 16, 2017

As a start-up the chances are your marketing budget is smaller than you’d like, so it’s important to get as much out of it as possible. Although not right for every business startup, PR is a marketing tool that is well worth considering as it builds both awareness and credibility. It can showcase your expertise […]

How to increase productivity and positivity with an employee engagement scheme

June 14, 2017

It has been proven that the happiness of your employees can have a huge impact on their productivity. In fact, job satisfaction can lead to your workers being 12% more productive, according to a study carried out by the Social Market Foundation and the University of Warwick. One of the best ways to increase happiness […]

Telecoms contracts – What every start-up and small business needs to know

June 12, 2017

To some extent we are all caught in a telecoms trap. Whether you are in services, retail, or manufacturing your start-up or small business must have some form of telecoms. This gives some suppliers an opportunity to bamboozle customers with jargon and complicated long-term contracts. It can even get to the point where when you […]

How to avoid death by PowerPoint – 9 Practical tips to captivate an audience with your presentation

June 9, 2017

You may have attended presentations that dragged or others that gripped people throughout. Perhaps you have given talks yourself and wondered what really makes the difference. Whatever the situation, there are numerous factors that affect your chances of success. Everything you do contributes to the overall audience experience and even small things make a big […]

Transforming your sales strategy with research-led prospecting

June 7, 2017

Prospecting is the foundation of B2B sales strategies. Or at least, it should be. Many businesses aren’t prospecting as well as they could be, if at all. Research-led sales prospecting is a highly targeted, measurable way of identifying businesses for your salespeople to approach. It is important to realise that prospecting is not lead generation. […]