Running a business is not for everyone, it requires certain skills and abilities to really be a successful business owner. To run a small business successfully, business owners will need to either be born a natural leader or hone skills and get qualifications specifically for the challenge of setting up and running a business. Although every entrepreneur is different, they will likely share a certain set of skills and knowledge which enables them to be successful.
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Choosing the right accountant for you and your small business is imperative. An accountant can be like a partner, a trusted colleague who will provide guidance, especially regarding taxes as they can be quite complicated. In order for your business to grow, you are going to need a good accountant to offer advice and give you facts about your finances.
Starting a cleaning business could be the business idea that could make you an entrepreneurial success. A cleaning business can be set up with fairly low startup costs and it is usually pretty simple and easy to set up. Therefore, you could have your business up and running in a matter of days. The cleaning business industry in the UK is worth around £10 billion and employs approximately 82,000 people. Although, cleaning market may be crowded, you can definitely make a success of it with a unique idea.
Running a business is no small feat, though with the right finances, support, and expertise, most challenges can be overcome. But while small and medium-sized enterprises (SMEs) owners might possess proficiency in their specialist field, how do they secure sufficient cash flow and support to setup a long-term and prosperous business model? These are the biggest challenges businesses faced in 2017 – but technology is making it easier to solve them.
The coffee shop business industry in the UK is expanding, and it is expected to be worth around £15 billion by 2020. This will see the rise of about 10,000 outlets in the upcoming three years. With room for you to thrive, opening a coffee shop now could be ideal for you. Coffee shops are well in demand with sleep-deprived Brits inclined to purchase a cup of coffee or two throughout the day. There is, however, the stellar competition that coffee shops owners will face from large chains such as Costa and Starbucks as well as the many independent coffee shops who are offering a unique experience to stand out.
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The first ever Autumn Budget 2017 was revealed by the Chancellor Philip Hammond at the houses of Parliament yesterday. The Budget focused on the finances of the country, and how it will affect the citizens of the country, from small business owners to millennials. The budget has mostly had a positive response, especially from the small business community.
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Small business owners often don’t delegate when they can and when they should. Lack of delegation in a small business environment can lead to the business owner being overworked and over-stressed. Taking on everything may seem natural to you as a business owner and you may think it is productive, however doing so can really hinder your chances of growing and developing your business. Therefore, practice and take time to learn how to delegate in a small business environment . The art of delegation, as you will find, has many benefits.
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Getting less than 7 – 8 hours of sleep per night on a regular basis can have severe repercussions for your health. Your brain functions, your mood and the way you interact with people will be affected. Those are all vital aspects for small business owners, so the smart thing to do would be not to lose sleep.
It may seem extremely difficult and hard to run a seasonal business, however if managed carefully then it can be a success. Seasonal fluctuations can create a problem for all businesses, however seasonal businesses embrace these fluctuations and develop skills and strategies in order to thrive.
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Starting a day care nursery can be a rewarding experience as you are able to influence and teach young children at a very early point of their lives. And there will always be a requirement for child care, so if you do it in the right way you can create a profitable business from it. From targeting busy professionals who are not able to look after their children during the day, to parents who want to push the development of their children, there will always be clients to attract.
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Starting a business is one of the most important decisions of a business owner’s life. Therefore, you want to think about it carefully and consider whether you want to run the business by yourself and the advantages and disadvantages of doing so. You may also want to consider going into partnership, however you should make sure that you make a decision that you feel confident and happy with.
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Running and owning a spa business can be a really rewarding job as it allows you to help your clients relax. The main purpose of a spa is to provide services and treatments that allow the clients to completely unwind and relax, which enables them to look after their mental health and wellbeing, as well as their body. You should really consider starting a spa business if you are a fully trained beauty therapist with experience, as well as having entrepreneurial skills.
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The Brexit negotiations are underway and the movement of EU citizen’s is at the forefront of the debate amongst British businesses. Access to EU workers for many of the UK’s small businesses is critical. George Ide Solicitors explain what UK businesses think of the ‘settled status’ offer proposed by Theresa May.
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Starting a business is possibly one of the biggest challenges you will ever face in your life. It is a difficult task and the difficulty increases if you struggle to ask for help. You may feel you are not able to ask help from those around you because you are the boss, and you are expected to have all the answers. However you can get advice and help elsewhere, as there are experienced individuals who are willing support and guide business owners on their entrepreneurial journey.
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The General Data Protection Regulation (GDPR) is the new regulation introduced by the European Union which will be effective as of May 2018. The idea behind the new regulation is to give the public control of their data, as well as encouraging businesses to be more proactive in protecting and handling data in a more secure way. Although, the date of the regulation going into effect is fast approaching; businesses are not prepared.
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Whether you want to start from scratch and build a blog with the sole purpose of making a small business out of it, or you already have an established blog that you want to make money from, there are plenty of business opportunities for bloggers. You can start off just being a blogger, but the moment you start making money from it, you become an entrepreneur – a small business owner.
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Starting a business can be a daunting experience, however you don’t have to go at it alone. You can opt for a partner, or partners, that will share with you the pressures and profits that come with running a business. Being a sole business owner can be stressful and you may find you are consistently overworking, which could have a negative impact on your mental health and wellbeing. Having a partner means being able to share the work load and working together to make the business a success.
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When you are trying to expand your small business, money can be tight and yet you know that you need to market your company to help reach your goals. Some small businesses and start-ups spend a fortune on their marketing strategy but when you don’t have that luxury, there are some low budget ideas that could inject some life into your marketing campaigns.
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Starting a business requires vision, determination and careful planning. Unless you are a one-man band, you’ll need people to help take your business forward. Get workforce planning wrong and you could end up going nowhere.
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Theresa May made a speech at the Conservative party conference, which some have labelled as ‘disastrous’, however she did manage to address the contribution of small businesses to the UK economy briefly.
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