How to set up and run a small business

You are here: Home » News

The latest small business news updates…

The ability to negotiate the highest possible fees without risking a client relationship or an instruction has become increasingly important to individual professionals and professional service firms in recent years.

The rising influence of procurement on the buying side has squeezed margins for many service providers. Those best able to withstand these pressures are usually those that have the ability to negotiate robustly on fees.

Clients often ask what makes someone a great fee negotiator, i.e. someone who is able to get clients to agree to pay as high a fee as possible without losing the work, or the client. Continue…

{ 0 comments }

The Angel CoFund, which provides investment capital for businesses with the potential for rapid growth, can now be tapped by companies from all over the UK.

Previously, only high-growth businesses in specific geographical areas of the UK were eligible for funding through the CoFund. However, a £50 million finance boost from the government’s Business Bank initiative sees the fund being opened to businesses from all parts of the UK.
Continue…

{ 0 comments }

Freelancers and small businesses are getting an even rougher deal than usual, as figures from Experian show they are currently the only individuals and companies in the UK to be making strides on prompt payment.
Continue…

{ 0 comments }

A technology entrepreneur says that start-up businesses can only be effective if they embrace cloud computing, rather than investing in their own computer hardware.
Continue…

{ 0 comments }

Useful research, published this week, has unveiled the optimum times of day to launch email marketing campaigns to prospective customers. Email open rates vary enormously according to when they are received.
Continue…

{ 0 comments }

Following criticism that the Funding for Lending scheme has done little to extend credit for small firms, the Bank of England has announced an extension to the current scheme, with further incentives for lenders.
Continue…

{ 0 comments }

A leading accountancy firm has urged company owners to check if they are due a Corporation Tax refund from HMRC at the end of each year, as delays are not uncommon.
Continue…

{ 0 comments }

A major franchising exhibition will take place at Manchester Central in June, with free entry available to Bytestart readers.
Continue…

{ 0 comments }

Vince Cable has launched the first phase of lending by the New Business Bank by announcing an initial £300m injection of public funds into the project, which will be combined with private investment.
Continue…

{ 0 comments }

The introduction of the Late Payments Directive on March 16th gives you new powers to chase overdue invoices – and makes it more important than ever to pay your own bills on time.
Continue…

{ 0 comments }

The Chancellor delivered his 4th Budget speech at 12.30 today. Here is a summary of the key points announced, with particular reference to the changes which affect small businesses.
Continue…

{ 0 comments }

The number of would-be entrepreneurs who have been granted funding via the Start-Up loan scheme has passed the 2,000 mark, with 1,000 businesses receiving assistance over the past month alone.
Continue…

{ 0 comments }

National Apprentice Week takes place between 11th and 15th March, and is designed to celebrate the positive impact apprenticeships have on individuals, businesses, and the wider economy.
Continue…

{ 0 comments }

Announcing the interim results of its Company and Commercial Law Red Tape Challenge, the Government says that half the regulations dealing with the day-to-day running of limited companies are to be scrapped or modified in some way.
Continue…

{ 0 comments }

A Top 20 accountancy firm has published its ‘wish list’ for the upcoming 2013 Budget – including a reduction in the main Corporation Tax rate, more certainty in the tax system, and an intelligent debate on any potential ‘wealth tax’.
Continue…

{ 0 comments }

A leading law firm has warned that the retirement of the so-called ‘baby-boom generation’ could cause a crisis in business succession planning, and businesses may need to look for alternative funding solutions as traditional lending options continue to be difficult to access.
Continue…

{ 0 comments }

The UK’s leading small business group has called on the Chancellor to prepare a Budget that focuses on small firms – providing more access to funding, making the tax system less complex, and making business rate tax relief permanent.
Continue…

{ 0 comments }

HMRC has embraced social media this week by hosting a week-long Twitter Q&A session aimed at prospective start-ups. Over 20 new start-up videos have also been posted to help fledgling businesses with tax-related issues.
Continue…

{ 0 comments }

The number of businesses seeking funding via the Enterprise Investment Scheme has jumped by almost 50% over the past year. Experts believe the number will climb further due to the recent relaxation of the EIS eligibility rules.
Continue…

{ 0 comments }

In a move that has been criticised by some, HMRC have decided to ‘name and shame’ people who have received penalties for making deliberate tax return errors, where the total penalties total more than £25,000.
Continue…

{ 0 comments }