How to set up and run a small business

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Mistakes that new business owners commnly makeBuilding a successful new business is a roller-coaster. There will be days you know you couldn’t do anything else, and days you wish you did. Sometimes you’ll be on top of the world, but at other times it will be a struggle to drag yourself out of bed.

In the high-stakes world of starting a new business, only one thing is certain: everyone will make mistakes, but only those who learn from them will succeed.

So, to help you learn from these common errors, without making them yourself, here are 8 mistakes that startups frequently make;
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US Marines Practice High StandardsThe US Marines are world-famous for their exacting standards and ruthless efficiency. The conditions they operate under might be very different from those we see in the commercial world, but there are very valuable lessons that businesses can learn from the Marines.

Here, James Bowen and Brian MacNeice, authors of Powerhouse – Insider accounts into the world’s greatest high performance organisations – explain what your business can gain by studying the strategies and tactics of the US Marines. Continue…

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adapting leadership style to be a better leaderLeadership is one of the most written about topics in business. You can be an ‘Authentic Leader’, a ‘Facilitative Leader’ or an ‘Agile Leader’, to select words from just three of the recently published leadership titles.

These words fast risk becoming clichés. Some may have currency, others do not. What is true is that there is no one, indisputable, formula for effective leadership. Continue…

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Who to give business gifts to at Christmas and what to buyWhile many festive traditions have successfully made the move from the home to the workplace – the annual party and ‘Secret Santa’ are both staples of nearly every small business’ Christmas celebrations – there is one that still hasn’t made the leap: proper gift giving.

Crack Christmas gifting and the benefits will roll in: you’ll motivate your team, improve customer loyalty, and boost important supplier relationships. However, fail to pick the right presents, or show any kind of effort, and you’ll risk losing morale, motivation, and maybe even business.

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Presenting with P.O.W.E.R.

December 11, 2017

How to plan and deliver a great preentationAs the owner of a startup or small business you will inevitably need to stand in front of an audience and speak to them. It is an essential part of modern business life.

Speaking in public is something that turns many business owners cold with fear. But with some expert insight and a little practice you can quickly learn how to speak with confidence.

To help you on your way, we’ve asked award-winning international speaker, Bret Freeman, to reveal how to present with POWER. Continue…

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questions to ask yourself before starting own businessThe inspiration to start a business can come anywhere at any time: in the pub, in the shower, in the supermarket, walking the dog.

How many times has someone you know announced they’ve had a great business idea? And how many of those eureka moments ended up getting no further than a few notes on a napkin?

Why was this? Too much hard work involved? Concerns over starting a business being too risky? Worries about it needing too much commitment?

But those aren’t barriers to every business idea taking off; some ideas do make it from conceptualisation to conclusion. The difference? Dedication and passion. And perhaps necessity. Continue…

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designing and developing website for new businessHaving an online presence is crucial for any modern business so that potential customers are able to find you online. However, many small businesses are missing out on the opportunities that being online bring.

So if you’re yet launch your business online, or are thinking of starting a new business and want to make the best of your website, here are a few handy tips and tricks from Li-at Karpel Gurwicz of Wix, to help you do it successfully: Continue…

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business leadership tips

So you’ve decided to take the leap and start your own business. Does this mean that all the leadership stuff you learned about on your mini-MBA gets tossed out the window?

Ah, the joys of throwing away the corporate policies manual, the bliss of not worrying about reporting lines and organizational structures.

Well, yes and no. Leadership structures are there for a reason. They might look like it, but they’re not just there to keep people in jobs. Continue…

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gold mine or moon shotWe are living in an exciting time… a time where technological changes are booming.

Digitalization, Artificial Intelligence, machine learning, 3D printing and the Internet of Things are just a few examples of these amazing technologies that are opening up a world of completely new opportunities.

However, in order to turn the technological possibilities into economic success, you need to identify the emerging market opportunities, and to carefully evaluate their future value, to make sure you are betting on a winning option.

So how do you evaluate whether your big business idea could be a gold mine, or a waste of time?

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Setting up a support network for your startup businessStarting up and growing your own business can be extremely exciting and exhilarating, but it can also at times be quite lonely and overwhelming, particularly if you don’t have a business partner to share the experience with.

When you are sitting alone at your desk it can be hard to know where to turn for advice and support.

The good news is there is fantastic solution to this. That is to create your own support team that you can call on whenever you need to for help and advice, and even sometimes simply for encouragement and motivation and a friendly chat.

Here’s how to do it: Continue…

Business Awrd WinnersNo matter what industry you’re in, there are organisations that recognise and reward those that excel above the competition.

When you’re concentrating on finding your feet as a business, you may think that awards should be put on the back-burner. However, you can learn a lot by paying attention to industry awards. Continue…

Be more productive, prioritise tasks with Covey's MatrixManaging 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 tasks we intended to do at the start of the day.

There are many tips, tools and guides online and in print that deal with the age old issue of time management. Most seem to over-complicate something that really shouldn’t be that complicated in principle, but Covey’s Matrix has stood the test time and is something that all business owners can benefit from. Continue…

why you need to find a niche for your businessIf 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 on to find out why it’s essential startups and small businesses find a niche, and how you can spot a potentially profitable gap in the market.

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Business exit - MBOMany 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 how much the business is worth. If the business is dependent on them, it will have limited value, but if it functions as a fully autonomous company, it will command a significantly higher value.

So can a management buyout be a good way to sell your business? Continue…

going from startup to successful businessThe 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 help us to replicate the achievements for our own business.

Yuu is one such success, so we asked co-founders, Gill Hayward and Kellie Forbes to share their story with us; Continue…

increase profitability

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 business is run; ask yourself these 5 key questions; Continue…

Using platforms to increase sales and grow business

We live in a platform economy dominated by one or two big companies in every industry: but small businesses should see this as an opportunity not a threat, says Steven Van Belleghem. Continue…

Change is happening rapidly in the business world. Artificial Intelligence, Augmented and Virtual Reality, and ever improving technology at almost level are just a few of the new trends that business owners will need to deal with in the next five years.

With these trends being pivotal for businesses of every size, we asked Rohit Talwar and Steve Wells of Fast Future Publishing to highlight the 20 future factors that business owners will need to address as they chart their course to tomorrow;

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Nobody enjoys failure, but everyone experiences it at least a few times in their life and especially as a small business owner.

While it’s one of those things that most people like to gloss over, failing is actually a hugely valuable experience, as long as you know how to make the most of it.

Leigh Ashton, co-founder of Sasudi, stresses the importance of bouncing back from a disappointment as a small business; Continue…

If you’re a start-up, chances are you are going to have to get out there and tell people about your new venture. What you say, and how you say it, is a lot more important than you may realise.

When it comes to communicating what you do, you don’t want to make a rookie error, just because your business is new. And the last place you want to miss the mark is when it comes to your pitch.

Preparing a powerful presentation is one of the best ways to communicate your start-up’s mission and vision. Deliver it well and you’ll earn a reputation as “one to watch”. Nail it, and your chances of success will increase exponentially. Using the “Power of Three” will help you to do just that.
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Part-time Entrepreneurs – How, and why, more young people are juggling a career and their own business

April 6, 2017

The days of a “job for life” are long gone. Millennials are starting their careers in a volatile, uncertain, complex and ambiguous world, but they are also equipped with the skills and attitude to react quickly to changes and spot new opportunities. The trend of young people changing jobs more frequently is one perhaps one […]

How to stop the ego from sabotaging your success

March 30, 2017

Having set up my company, I won a handful of decent clients and achieved an annual turnover of £500,000. Initially this felt good, but 2-3 years later it no longer did. As many small businesses can find, it seemed like I was up against a glass ceiling and could not break through. I had problems […]

7 Guiding Principles to growing your business

March 22, 2017

These 7 Guiding Principles to business growth have been developed through my 20 years of experience in working with thousands of organisations. Their purpose is to stimulate your thinking about the critical challenges and opportunities in growing your business and how you can avoid some of the errors that might otherwise stifle your growth potential […]

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

March 17, 2017

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 […]

How to be a leader rather than a manager

March 6, 2017

The transition from being a manager to becoming business leader, is one that many new business owners will need to make. Often, the success or failure of your business depends on how well and how quickly you can adapt to this fundamental role change. Never more so than in times of challenge, are leadership skills […]

Achieving sustainability in business – managing the complexity of profit, planet and people

March 3, 2017

Business sustainability is a great opportunity for start-ups and small businesses to focus on. Not only is it a way to create long-term, sustainable success, but it’s also a way to attract employees (younger generations expressly value sustainability), investors and business partners. Let’s briefly look at what business sustainability is and then get into some […]

How to create a gold medal winning business culture

February 27, 2017

For many business owners and entrepreneurs, it can be hard to motivate your employees and encourage them to perform to optimal levels, especially when resources are limited. Olympics athletes not only have to train extremely hard but are also faced with huge financial burdens and limited resources and often rely on sponsorship to maintain a […]

Creating the right visuals to complement your presentation

February 14, 2017

Startups need to get their message across — and fast. It’s therefore vital for every new business to create a great pitch presentation. To help you prepare a compelling case, we asked, Emma Ledden, author of The Presentation Book to share the secrets of how to produce memorable presentations that help put you on the […]

Going into business with friends – How to do it successfully

February 13, 2017

Starting a business with friends can seem like a good idea, but before you jump in and set up a company with people you are close to, you need to be honest with yourself and each other. If you get it wrong your new business could fail and lifelong friendships ruined. So what steps should […]

Mindfulness for small business owners – How 10 minutes of me time can make all the difference

February 3, 2017

As a small business owner, you have to juggle many balls and spin a canteen’s worth of plates. You have to simultaneously pay attention to every part of your business; sales, production, cash flow, marketing, accounts and the list goes on. During a typical day, your attention is pulled in many directions at once and […]

Simple stories, super results for startups

February 2, 2017

It might be strange to think that storytelling can be a powerful tool for startups. But stories provide a fantastic way to explore the purpose of your new business, what it stands for, what it will be like and how you will achieve your vision. The great thing about stories is that we are all designed to […]

10 ways to maximise your productivity when running your own business

January 30, 2017

Successful business owners know how to make the most of every minute of every day. Wasted time costs money and clients, but when you’re slowed down by administrative tasks, an over-spilling inbox and endless meetings it can be hard to keep up with the pace. Here, Richard Walton highlights ten ways to maximise your productivity […]

Scaling a craft business – How to grow without compromise

January 13, 2017

The craft business boom of the last decade has brought plentiful opportunities for businesses and customers alike. For entrepreneurs involved, however, managing growth and expansion while retaining the original values and quality that initially propels a business to success can sometimes be easier said than done. Growing and scaling a craft business presents unique challenges […]

The power of the ‘pilot’ – 3 reasons why you should test your new business before launch

December 27, 2016

Setting up a new business is an exciting, thrilling and all encompassing challenge! Personally, I think it is the best and most stretching form of personal and professional development that a person can do. Creating and selling your own products and services, building a network of happy customers and managing your own time are just […]

How to get your business noticed – Self-marketing for start-ups

November 25, 2016

Your business may offer amazing products and a fantastic service. It may have a clear, determined vision of what it is doing and where it is going. But if your potential customers don’t know it exists, your wonderful business is likely to disappear without trace. As Alan Sugar put it: “Your start-up will be a […]

Turbo-charge your start-up by sharing what you know

November 15, 2016

One of the biggest challenges you face as a start-up is getting your name out there. However, even if people hear your name, unless they know what makes your business unique, they are unlikely to choose you over a competitor. Help someone understand how you can solve their problem, however, and you’re in with a […]