Latest Articles

Top 10 business planning tips for start-ups

Writing a business plan is an important step in the business start-up process. And, if you want to raise funding for your new business, you simply must produce an up-to-date business plan to show potential backers.

8 things you need to know before contracting offshore

According to the Oil & Gas UK Workforce Report, there are around 280,000 people working offshore in the UK alone. If you’re interested in a career working offshore, whether it be on an oil rig or working, research vessel, or servicing and installing wind farms, here are eight things you’ll need to know before you […]

Limited company naming rules you should be aware of

If you are setting up a limited company, you should think carefully when choosing your company name. Alongside the business reasons for choosing an appropriate name, there are also a number of official company naming rules you should be aware of.

Factoring for small businesses – the pros and cons

If you’re doing well enough that your business is growing rapidly you would expect your finances to be healthy. But that isn’t always the case. If your firm is expanding quickly, you could find that your cash flow becomes a problem, even though your business is profitable. It’s a unique financial situation where you are […]

A beginner’s guide to financial reports for small business owners

Financial reports are standardised measures of a business’ financial health. They are a necessity for publicly traded companies, but this does not mean that they are only useful for large organisations. If you know what to look out for, these financial reports are great tools for businesses of all sizes, so Robin Booth of Brixx.com, […]

What is a sole trader?

If you’re new to self-employment, setting up as a sole trader is the easiest way to go. The registration process is simple, there’s almost no paperwork involved, and you don’t have to pay any registration fees.

What is your Unique Selling Point (USP)?

Whether you’re an established small business or a start-up about to launch your enterprise in a competitive market, one of the key ingredients you need to succeed is a unique selling point. Some would go further than that and say having a USP is the key to success, and is more important than anything else, […]

Guide to employment contracts for small businesses

As a small business owner, your legal responsibilities when taking on staff can be somewhat daunting but with a little help you can soon get your head around what’s needed. One of your first duties as a new employer is to ensure you comply with employment contract law. To help you understand your legal obligations, […]

Responsibilities & duties of a limited company director

If you have set up in business via a limited company, there are a number of duties you will have – as well as legal and financial responsibilities – if you are a director of the company. This article explains who can be appointed as a director, and what your duties will be if you […]

Thinking of going self-employed? Expert tax tips

Becoming self employed is a new and exciting chapter of life, but it does come with extra responsibilities. With so much to think about, we asked David Genders, author of The Daily Telegraph Tax Guide to explain the key financial and tax points you need to consider when going self-employed.

Start-Up Guide (2) – Before you start a business

Starting up a business on your own must be one of life’s steepest learning curves – and certainly one of the most challenging. The start-up process will not only test your knowledge of your industry and your key skills, it will also teach you about yourself. By the end of year one, you will be […]

Start-Up Guide (9) – Accounting for your new business

When you start up your own business, one thing’s for sure – money isn’t going to be in abundance to begin with. It goes without saying that it will go a lot further the more self-sufficient you are in the early days. But if there is one area where it’s worth shelling out for professional […]

Start-Up Guide (10) – An overview of National Insurance (NI)

When Lloyd George’s Liberal government first introduced National Insurance (NI) payments in 1911, the aim was to provide a safety net for workers who fell on hard times. The scheme took money out of workers’ wages, and in return, they could get money from the government to pay for medical treatment, or if they lost […]