If you’ve always been employed by someone else, managing your own business finances will be an interesting new experience for you!
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How to start a new business
Key Guides
- Complete Start-Up GuideOut 23-part guide to starting up a business in the UK.
- Start a FranchiseGuides to setting up a business as a franchisee.
- Before you start a business10 essential tips to read before you take the leap.
- Start an eBay business?How to make a business success on the auction site.
- eBay business accounting tipsHow to keep on the right side of the taxman.
- No time to start a business?How to start a new business in the evenings
- Part time business?5 businesses you can set up and run part-time.
- Brilliant or Bankrupt?How to tell if your business idea is a realistic one.
- No money to start a business?5 businesses you can start for a mere £100.
- Learning to grow your businessHow to survive the early years of your new business.
In an ideal world, everyone who runs a small business would spend at least one day a week actively marketing or selling. Perhaps that’s why this is one of the areas you’re most likely to delegate to someone else.
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Once your marketing efforts have generated you a list of prospects, it’s time to see them and get them to buy. The first thing to remember is that you’re not selling a product or service – you’re selling the benefits it brings to the buyer.
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If your new business is a success, at some point you may find yourself wanting to take on some assistance.
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This is one of the key decisions you’ll have to make right at the start: where is the best place for you to locate your business? There are a number of things to consider before you get carried away with excitement and sign your first lease.
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Even if you consider yourself a technophobe, there’s no getting away from technology if you want to be a success in business.
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Franchising has many advantages, not least the chance to set up in business using a tried-and-tested formula. However, before you invest time and money, you need to review the options and make sure it’s the right choice for you.
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Once you’ve made the decision to start your own business, the natural instinct for many is to charge headlong into getting it off the ground right away.
Starting your own business might have been something that’s been at the back of your mind for years, and now that you’ve finally decided to take the plunge, you don’t want to waste any more time.
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There are currently over 800 different businesses operating as franchises across the UK. Some of the more instantly recognisable brand names that offer franchise opportunities in the UK are Domino’s Pizza, McDonalds and Subway.
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With the enduring popularity of entrepreneurial TV shows, a lot of attention is paid to finding a great business idea by the media.
However, building a great business has very little to do with having a great idea, and everything to do with excellent execution.
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Here are some tips from the Bytestart team for anyone who is thinking about setting up a new business.
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Hundreds of thousands of new businesses are formed each year. Some will be a great success, but the vast majority will no longer exist in five years time. One of the main reasons why businesses fail lies in the preparation stage.
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Running a part-time business alongside your regular job doesn’t have to be a load of hassle or massively time consuming.
Earning a second income can be achieved with just a few hours work every week – and it’s a great way to supplement your current living
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Chris Robson, author of Confessions of an Entrepreneur provides some helpful tips on how to survive the initial stages of starting up a new business
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Buying a franchise is a little like buying the rights to distribute a particular product or service from an established provider. Franchising is a rapidly growing industry and its popularity is because of several distinct advantages:
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If you are running a successful business, the prospect of replicating that success throughout the country, with a team of crack managers at the helm can seem very attractive, but franchising is hard work, and lots of planning is required to ensure it is a success.
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There are few businesses where you can just wake up one morning, decide you want to sell something and be in business an hour later.
Yet that’s exactly what you can do with global internet auction phenomenon eBay. As anyone who has ever sold a DVD they didn’t want any more knows, eBay is quick, simple, reliable and easy.
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