ByteStart is delighted to announce the launch of a new service to help businesses cut their energy costs. Created in conjunction with the UK’s leading business energy price comparison service, Make It Cheaper, the partnership gives you access to brilliant value business energy, broadband and phone deals.
The area of tax for small businesses is not straightforward, in fact it can be a real minefield for the unwary. However, if you take a little time, and work with your accountant, it’s usually possible to find ways to save some tax. To help you think about ways you and your business could pay […]
Entrepreneurs come in all shapes and sizes, of course, but many of the most innovative entrepreneurs are creative contrarians. They are outsiders, gainsaying the doubters that say it cannot be done. In fact, many entrepreneurs are introverts, which can be a major barrier when it comes to that vital part of the entrepreneurial process: pitching.
From bold new start-ups to established small companies branching out, meetings and interactions are increasingly virtual. In some cases, due to distance and the global reach, you may never meet in the ‘real world’, only ever online. So to help create a good impression, now more than ever, is the time to invest in developing […]
Being able to get on with other people is important for anyone, but especially for small businesses and start-ups. There is very little you do alone – for most things you need to work with other people, (staff, suppliers, customers, advisors, government agencies, and so on) – and you need to get them onside. The […]
Starting your own business isn’t plain sailing. It throws lots of new challenges at us, each with their good, bad and ugly dimensions. And registering a patent is no different. A lot of inventors with incredible ideas have fallen along the wayside, simply because they didn’t invest the time needed to successfully navigate the patent […]
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 take advantage 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 entitled to, […]
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 […]
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 […]
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 unsurprising that the connected generation is favouring the peer-to-peer model over outdated intermediaries.
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.
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.
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 […]
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 […]
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.
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 […]
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 […]
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 fire or flood can prove crippling for a small business, so you should have a plan of action in place, should you fall victim to such a disaster at your business premises. Failing to do so could prove to be an extremely costly, or potentially fatal, oversight. So here are some practical tips to […]
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 […]
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 […]
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 […]
If two or more people wish to go into business together, and don’t want to set up a limited company, a partnership offers a simple way to get started. It is similar in many ways to going the sole trader route for an individual.
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.
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 […]
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 […]
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 […]
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 […]
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 […]
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?
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 […]
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 […]
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 […]
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 […]
Public liability insurance will protect your business if you cause an injury to a member of the public, or property belonging to another business or individual. You should consider taking out public liability insurance if members of the public visit you at your place of work, or if you perform work at places of work […]
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 […]
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 […]
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 […]