Millennials are definitely making their way in the small business sector. In the 9th annual DNA of an entrepreneur report by Hiscox, one of the most encouraging findings from the report were on the positive outlook of millennials. The group dubbed the ‘most entrepreneurial’, could be paving the way for a brighter future for small businesses.
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If you are thinking about buying a franchise and starting one from scratch seems daunting then perhaps consider buying an existing franchise. There are many benefits about buying an existing franchise, which is referred to as a re-sale. However, you need to carry out full research in order to get a grasp of the situation of the franchise. There are some major bases you need to cover, and in this article it will all be explained. [continue reading…]
The federation of small business (FSB) is hosting another year of small business awards. The awards will highlight and celebrate all that small businesses have contributed to the economy and the UK as a whole.
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Budgeting is a vital part of any businesses success. Actually documenting your budget is important to make a success of your business, or keeping your business afloat. You can think of it as a map, to see the direction of the business as well as the future, and without this map it will prove to be difficult.
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Saving money whilst running a small business may be difficult, however it may be necessary depending on your financial situation. It will be beneficial for you to regularly do an expenditure analysis and see where your money is being spent, and where you can save. This money saving guide can help you save money for your small business and cut costs where its possible.
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The franchising sector has become one of the most prominent in the business industry and is currently at an all-time high. Therefore, there has never been a better time to start a franchise business. The incredible performance of the sector proves that the franchise model has been crafted for success.
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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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Employees are easily the most important asset to any business. As an HR specialist, your job is to ensure that they are working to the very best of their capabilities. In most cases, that means using better time management to ensure productivity reaches an all-time high.
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Business Analysts are often perceived as being part of a bigger corporate structure. However it is more common now for smaller businesses to utilise a Business Analyst skillset, whether that be permanent or contract – according to Matt Smith from BusinessAnalystjobs.co.uk.
As a limited company owner, what health-related costs (such as medical insurance, eye tests, gym memberships and private health checks) are allowable expenses for tax purposes against your company?
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A recent survey found that the majority of small company owners now look to the web to source the information they require to run and expand their businesses. So, which sites should you visit as a starting point?
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A new survey of small company owners shows how partners and spouses are a valuable, trusted, and cheap source of support.
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