When you need to find business funding fast, what are your options and what are the quickest ways for you to secure more finance? We talk you through the most viable fast funding options for SMEs who need finance in a hurry, and include practical tips on how to ensure your funding application goes as […]
The area of tax for small businesses is not straightforward, in fact it can be a real minefield for the unwary. However, if you take a little time, and work with your accountant, it’s usually possible to find ways to save some tax. To help you think about ways you and your business could pay […]
Despite the damaging effects of the economic downturn, there are plenty of examples of businesses who are surviving and even thriving. So what kind of business can see turnover go up in a downturn?
You’re working flat out with steam wafting off your keyboard when the phone rings. Your heart sinks and a faint shudder runs down your spine. It’s your client from hell… again.
If you’re anything like us, you experience the emotional highs and lows of running your own business. They don’t call it a roller-coaster journey for nothing! And aren’t the highs really high, just as the lows are as low as they get?
Time. It’s a slippery commodity. No matter what you do, the amount of it you have left gradually shrinks – and that’s never more obvious than when you’re on the final countdown to a deadline.
Without getting into the area of reputation damage, product failure or an employee stealing your clients from you, there are broadly speaking five areas to be aware of that could badly affect your business. And they are all based around some kind of impact to your premises.
For a small business operating with just a few people, stress can be a massive problem that can bring the business to its knees.
Some experts believe that the UK economy is already nearing a recession, whereas others believe the “credit crunch” has been overblown by the media. Either way, many small business people have already started to look at how they can survive a downturn. Here are some tips from the Bytestart team.
When you hear someone talking about outsourcing, you probably immediately think about those annoying foreign call centres used by big companies. They may be cheap but wow they can be frustrating and time consuming.
The easiest and most risk free way to start a business is to base it at home and do all the work yourself. Many successful firms started that way and grew organically; funding growth from increased sales rather than by borrowing cash. But for some businesses starting up it’s virtually impossible to get going or […]
There are so many different skills that have to be mastered when you start and run a business, that it can be quite overwhelming. This article looks at the benefits and issues you may need to be aware of when working with a business partner.
More than 60 per cent of the UK’s new businesses are now started from home. It’s a very sensible way to get going. You remove a lot of the financial risks by operating from premises you are already paying for. And it’s a lot easier to make the right decisions early in the life of […]
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, […]
Our look at bootstrap marketing for beginners continues with another ten top ideas of how you needn’t drive your finances into the red, purely for the sake of a full-page ad in a national newspaper or a ten-second TV commercial.
Bootstrap marketing is what the web is all about – a way of promoting a business on a tight budget, maximising return on investment and minimising the risk.
The wonderful thing about starting your business in the 21st century is how inexpensive it is to get the ball rolling. The internet has made marketing cheaper and more efficient than ever before, and technology has freed businesses from the need to have lots of staff.
Over 500,000 entrepreneurs start a business every year, investing time and money to build their business to a successful level. Yet, when it comes to planning an exit strategy, independent business finance company, Bibby Financial Services, believes many owners aren’t making the necessary provisions to ensure a successful, profitable sale.
A leading law firm is warning entrepreneurs looking to sell their business not to underestimate how treacherous the process can be. Mace & Jones corporate lawyer Ian Hodgkinson highlights some of the common pitfalls the unwary can fall into.
Here are some tips on how to ensure that your goods and services are paid for correctly and on time, provided for Bytestart readers by HSBC.
Acquiring another company is one of the most common and effective ways to grow a business – but first-time buyers will need a helping hand. Here are ten questions you must ask yourself during the acquisition process, kindly provided by PKF accountants and business advisers.
In this piece, we look at the typical steps you will need to make to open a new business bank account.
One of the first actions of many small businesses is to open a business current account. It’s absolutely essential you have one so your business can make and receive payments. However, many businesses don’t bother opening a business deposit account.
This article looks at some of the key things you should look out for when choosing a business bank account, based on the experiences of the Bytestart team.
Virtually every business bank account now comes with a set of handy online tools, which you can use to run your business more efficiently. So are you going online just to check your balance, or are you making the most of every tool available to you?
When you’re running a small business you need to make every penny count, especially during an economic downturn. So the last thing you want to do is to pay over the odds for bank charges and fees on your business bank account. Here are some of the simplest steps you can take to reduce the […]
One of the most frustrating things you will come up against as a small business owner are bank charges. Unlike personal banking, where we are used to paying only to have an overdraft, most business bank accounts have to be paid for. And the charges seem to keep coming whether you’re doing well or badly. […]
Here’s an interesting challenge: in an age when you can run your business virtually 100 per cent electronically, can you do all of your banking without ever touching a piece of paper?
The post-tax profits of a limited company can be distributed to its shareholders in the form of dividends. This short article explains how dividends are administered, and how dividends are taxed.
If you run a limited company, you can distribute any profits you make via dividends to your shareholders. But how do you keep a record of dividend distributions?
When starting up a new business, one of the first things you need to do is choose a suitable name for your enterprise. It is worth spending time considering the name, since not only will this be the first thing potential customers see, but it will also be with you for the duration of your […]
One of the first things all business owners have to do is to choose a good name for their enterprise. Unlike other decisions you may make along the way, your business name could be with you for quite some time, so it is worth spending time to get it right first time.
In this article, we look at the business banking options you have, depending on whether you are a sole trader (self employed), or operating via a limited company.
All private companies must have at least one company director – but are there any legal restrictions on who can fill this position?
By law, every company in the UK must have a registered office – this is a physical address in the UK where the company can receive documents from Companies House and other organisations.
If you are running a limited company, chances are you may need to change your address, personnel or the company share structure. How do you report these changes to Companies House?
When setting up and running a company, you will have regular involvement with Companies House. In this article, we look at the main functions of Companies House and what obligations limited companies have.
The role of limited company secretary is essentially an administrative one, but can involve a number of important responsibilities depending on the wishes of the company’s directors.