Franchising is a very specific business structure that is becoming increasingly popular. It is easiest to think of franchising as a kind of licensing. It allows an individual to run a company of their own, but using another company’s brand name, trademarks and suppliers.
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There are multiple ways of getting funds for your business and getting grants is one of them. Grant funding may not to be suitable for everyone, especially if you require a large sum, however it is still a great way to get funding. Having a thoroughly researched and detailed application, will ensure you have a chance of being successful in getting the grant. Here are some of the grants available for small businesses that you may be eligible for.
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The number of small businesses taking off is increasing continuously, there was a huge increase in the number of new small business from 2015 to 2016; approximately 97, 000 more small businesses started. It seems that there has never been a better time to start your own business, which is promising news for any potential entrepreneurs. So, you have the perfect idea for a business, and you are ready to take on the world of small business but where will you find the funding?
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Crowdfunding is an increasingly popular way to raise funds for your small business and if you think you can persuade the masses to give your idea a chance then do not hesitate to get your crowdfunding started. In 2016 crowdfunding provided 15% of total UK startup and venture-stage equity investments, and it continues to grow at a phenomenal rate. Here, we take a closer look at this innovative method to funding your small business idea.
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Managing time and using it effectively can be a challenge in itself, however when you are a small business owner it can prove to be even more difficult as you may have to deal with heavy work load. This guide will give you tips on how to manage your time effectively to get the best results for your business.
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Are you a budding entrepreneur who is ready to take on the next step of starting your own business? Are you stuck for ideas as to what is available to you? Then you have come to the right place, in this article you will find ways of deciding on your ideal business choice.
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A business plan is a vital part of any business, it describes your entire business on paper. The business plan should cover objectives, strategies, sales, marketing and financial forecasts. These will help you make a great business plan, which can be used for internal use or to attract investors.
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More and more businesses are boarding the ‘Bring Your Own Device’ train, saving money and increasing productivity. But as with anything there’s a right way to deploy, and a wrong way to deploy. Pairing a personal device with a professional number is a smart idea — but using a personal device and a personal number can be a minefield. Here’s why.
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The dramatic move towards eCommerce in the retail markets has left many established brands struggling with the need to be flexible in such a changing market place. As a result this has left a gap in the online market that new eCommerce start-ups are rushing to fill.
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Hands up if you thought bookkeeping and accounting were the same thing…
Don’t be embarrassed if you are waving your hand in the air right now, you certainly won’t be the only one. It is a common misconception and an understandable one, since the two professions do share some similarities.
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Choose between forming your own limited company, or becoming self-employed (a sole trader), with the help of our comprehensive comparison table, which describes the advantages and disadvantages of each business structure. Here is the table of Sole Trader Vs Limited Company.
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The cloud is revolutionizing business but old ways of working can die hard. Test yourself against these three crucial warning signs to see if it’s time to make the change.
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While business confidence in the UK may have recently jumped to an 18-month high, the spectre of Brexit continues to threaten their long-term futures. With the cost of goods and services likely to increase in the wake of Britain’s exit from the EU, SMEs in particular may well be inclined to reduce operational costs across the board. [continue reading…]
While there are numerous technologies that have changed the face of business in the digital age, Cloud computing is arguably the most influential. This also represents the single biggest advance in eliminating paper from the office, as businesses of all sizes continue to make the transition online. [continue reading…]
If your business operates a fleet of company cars, or you run a fleet management business or vehicle rental business, then you need to start planning for the inevitable move away from using diesel powered vehicles. [continue reading…]
Making Tax Digital (MTD) is set to bring about the biggest change to the UK’s tax system for a generation – but how much do you know about it? Here’s a brief introduction to the facts about MTD and how the new era of digital tax will impact your business.
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So your accountant is okay. They cover all the bases, don’t charge the earth and you would feel bad leaving them. But are these reasons really in the best interest of your business?
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The current UK government have announced plans to crack down on the safeguarding of pensions during takeovers for businesses. Should the Conservatives win the general election in early June then a tightening of the rules will come into play sometime in the future. While this is aimed at protecting workers and their future financial interests, it will also have an impact on businesses across the country.
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Do you desperately need to find some more space in the office but can’t afford to move elsewhere right now? Perhaps your office is simply lacking space or maybe you no longer need certain items on a daily basis but need them in the long run and they are just taking up room. If this sounds familiar then you are probably looking into extra storage outside of the office.
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We share the same language, some shared history and a love of many of the same pop culture references, but doing business in the UK and the USA shows how dramatic the contrast truly is. Aside from the UK’s plodding pace and slightly begrudging attitude towards work (versus the USA’s ‘go-getter’ attitude and culture of overtime), ‘doing business’ in the USA is very different to doing business in the UK.
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