How to set up and run a small business

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how to set up a taxi companyIf you are thinking of starting up a taxi business, the most important and initial steps to take are to research the UK taxi industry as a whole, find a unique selling point, choose a brand name and obtain the relevant equipment, employees and licenses.

Nowadays, with emergence of taxi apps like Uber and Get Taxi, starting a taxi company in 2018 is certainly a different ball game than it would have been a decade ago. Continue…

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10 teps to successfully managing projectsBusinesses operate by planning and executing a series of never-ending projects, though we may not always see it that way.

Everything from running a successful marketing campaign, to taking over a rival company, is essentially a project that requires the same rules to be followed.

So here are 10 steps that will help you to manage projects that run smoothly and deliver the goods.

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manage change in businessWhen you are starting, or running a business you’re never quite sure what’s around the next corner. However, the one thing you can be certain of is change.

So for your business to succeed, you need to embrace change and adapt to what it brings. To help you do this, we’ve asked Jonathan MacDonald, author of Powered By Change to share his advice on how you can ensure your business thrives in a changing world.

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6 key steps to starting a successful technology businessAnyone who decides to launch their own company is bound to experience challenges along the way, and these challenges will all be different depending on what sector you decide to tap into.

For me, I knew launching a tech start-up in one of the most exciting and rapidly changing industries would be an exciting prospect. I knew I was bound to make mistakes but also understood the importance of learning and developing from them.

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Increase innovation with this 6 Stage processManaging cash flow, hiring new employees, delivering top quality customer service, these and many others, occupy the minds of small business owners.

Innovate? That is number 50 on the To Do list, when headspace allows.

Yet innovation, creating value out of ideas that are new to you – is the only way to ensure you are relevant for every stage of your company’s growth.

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set up a lending companyStricter lending criteria and the boost of digital technology has led to a huge demand in the loans industry in the UK.

With more and more applications being taken out online and by mobile and the ability to make faster payments, consumers are ditching their traditional bank managers to apply for finance online. Continue…

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how to create a great business card Most business cards are about as much use as a scrap of paper with a name and number scribbled on it. That’s fine if you are looking for a date, but not so good for showcasing your business.

With a little thought, however, it’s easy to create a business card that packs a real promotional punch and helps you, and your small business, stand out from the crowd. Here are some tips and ideas that will help you design business cards that make a big impression;

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steps to growing your businessAsk a group business leaders, business owners, and entrepreneurs what their biggest business challenge is, and I’m confident you’d hear the same recurring thought: building their business in a sustainable, predictable, yet profitable way, quickly.

It’s a reality that most businesses never reach their full potential, always yearning for the thing that will catapult them into significance, but never really finding it.

So to help you in your business growth journey, we asked global growth authority, Royston Guest, to share his take on the ABC of business growth;

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how mentor can help small business ownerThe Internet has opened up many avenues for those with an entrepreneurial spirit. Ecommerce and online based services provide great opportunities for business start-ups, and, with this being the case, there are more small businesses now than ever.

The sad fact is many of these businesses don’t survive more than 5 years. However, there is hope. Research shows that having a mentor to guide you can be a game changer. Continue…

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why saying thank you to staff boosts performanceStarting a business often consists of putting out fires. Despite all the planning and contingency scenarios, you may have drawn up in preparation, you usually have to rectify things that have gone wrong before you can focus on what’s right.

As you move past the start-up phase, you’ll want to flip that equation. Then, as you begin to identify what’s working well, look at the people on your team who are getting that good work done – and thank them for it. Continue…

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creating an inspirational speechIn a competitive business environment every business owners need to:

1) Keep raising their profile, and

2) Inspire others to make changes and take action.

To help you do this, we asked award-winning speaker, Simon Bucknall to reveal the practical steps you can take to raise your profile by public speaking and to share his Quick Start Guide for an Inspirational Speech which will help you to impress customers and inspire your team.

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Becoming the best leader you can beWe call the best leaders for the 21st Century, Transpersonal Leaders. They lead beyond their ego, are radical, ethical and authentic whilst emotionally aware and caring, yet focused on performance enhancement and sustainability.

There are many differences between being a senior corporate executive of a large company and running your own small business (I know, I have done both) – but leadership is not one of them. Continue…

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getting your business ready for change

Change is constant in business and rapid technological advances are forcing companies to make significant changes. And frequently these changes need to be implemented rapidly.

Being able to swiftly adapt to new developments can be the difference between thriving and surviving, so we asked change implementation specialist, Philip Cox-Hynd, to outline how you can forge a company culture that embraces change.

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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 going to make the difference between a galvanized team of people and a disparate group. Here, Kate Tojeiro reveals 7 tips that will help you transform from a manager to a successful business leader; Continue…

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testing your business ideaSetting 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 three of the perks that come with starting and running your own business.

But all too often, I meet entrepreneurs who are burnt out, stressed and lacking in sufficient income. This is often because they did not trial their business ideas before they got stuck in. So today, I want to convince you that you should ‘pilot’ your business idea before you launch your new venture for real.
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tips to successfully runnning a business with your partner

To some starting a business with their partner is a great idea. A chance to spend more time together and to share the experiences of running a business.

To others it’s a nightmare. The thought of spending virtually every waking hour in each other’s pocket is simply too over bearing.

If you are thinking of going into business with your spouse, there’s added pressure to succeed. So we asked Vicki Ashman, who co-founded Scrumpies of Mayfair with her husband, to share 10 valuable lessons she has learned about how to run a successful business venture with your partner.

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how to produce and deliver a great presentationThe most powerful place in any room is at the front, on the platform. What you do when you get there will have a dramatic impact on your business – for good or for bad.

Do a good job, and win respect, admiration, and new business. Do poorly, and you’ll wish you had stayed home.

When you have the opportunity to do a presentation or give a speech, will you seize it, or head for the hills? If you’ve got expertise to share, speaking to an audience can bring tremendous rewards.

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Prince2 - 7 Principles f project managementAll businesses go through change as they grow and develop and it will become likely that at some stage every business will take on a project of some sort, whether that’s the delivery of a new IT system, reducing wastage in the supply chain or developing a new website.

Many business projects can be complex and protracted affairs that go on for months and take up a lot of precious resources. An understanding of project management will therefore help business leaders to keep things on track and avoid lengthy and costly delays. Continue…

finding the best market opportunityCommercialising your innovative ideas requires constant, large leaps forward. This requires great speed, to make sure that your market isn’t filled by your competition.

Yet speed is useless if you aren’t running in the right direction, that is – if you are not pursuing a promising enough market.

If you are too blinkered, you might miss out on blockbuster opportunities. On the other hand, if you spread the net too wide, you risk running yourself into the ground, with too many commitments and too few assets.

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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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What businesses can learn from the US Marines

December 18, 2017

The 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 […]

Why every leader needs behavioural flexibility and how to achieve it

December 15, 2017

Leadership 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 […]

The 3 people every small business owner should be buying presents for this Christmas

December 13, 2017

While 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 […]

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

December 11, 2017

As 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 […]

5 questions to ask yourself before you start your own business

November 13, 2017

The 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 guide to setting up your first business website

November 6, 2017

Having 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 […]

5 Business leadership tips for new business owners

October 20, 2017

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 […]

Gold Mine or Moon Shot? How to tell if your business idea really is a winner

October 19, 2017

We 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 […]

How to create your own support team and increase your startup’s chance of success

September 18, 2017

Starting 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 […]

What can you learn from Industry Awards?

September 7, 2017

No 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.

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 […]

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 […]

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 […]

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 […]

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 […]

Standing on the shoulders of giants: How small businesses can thrive in today’s platform economy

June 1, 2017

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.