Start up Business Series: Structure

Date: 07/08/19

Generally, we only recommend one business structure and that’s a Limited Company. It has the most credibility, it’s agile in terms of owners/management and it’s usually most tax efficient. So that’s it, see you later. Perhaps we could explain more…

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Start up Business Series: Branding

Date: 07/08/19

Branding? Isn’t that marketing? No. Your Brand is a set of values that encompasses your business as a whole; what you stand for and why you’re doing it. Your brand needs to be clear, easy to understand and consistent in everything you do.

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Start up Business Series: The Business Plan

Date: 23/07/19

Ah, business plan! What?! My sentiments exactly. But, the good news you’re going to hear from me is that you don’t need a business plan - or not a 40 page pile of rubbish full of SWOT and graphs in the traditional sense.

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Start up Business Series: Breakeven

Date: 03/07/19

For the breakeven point in a small business startup, you don’t need a degree in economics nor do you need to know any complicated formulas. Just a bit of good planning and knowing your costs, which we’ll map out in this section.

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Start up Business Series: Suppliers

Date: 03/07/19

Suppliers are all too overlooked as not being too important; you pay them, so they need to do as you say, right? Wrong. Suppliers can have a huge impact on your business and they are a vital cog in your machine that delivers awesomeness to your customers. They need to be cared for and chosen based on a number of key factors.

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Start up Business Series: Start up Costs

Date: 12/06/19

Over 500,000 new business start each year. One third fail within the first year and more than half within 2 years. The biggest reason is cash, or lack of. In most cases, this will be because of poor planning from the start. Cash is the oxygen of a small business and you cannot afford to not get it right - from the start. Most businesses that fail due to lack of cash, is because of poor planning within the startup phase.

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Start up Business Series: Competitors

Date: 29/05/19

I’ve seen many small business owners go almost crazy stalking their competitors, thinking of them as the enemy. This should not be the case. They are the reason you’ve created an innovative solution more attractive than theirs. It keeps costs competitive and ensures your customers get great customer service.

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Start up Business Series: Who will you sell to and how?

Date: 20/05/19

So, we’ve got an idea, we’ve done some Market Research and we’ve looked at the right Business Models. But who are we going to sell to and how? First, we need to establish who we are selling to, as that is likely to at least give a pointer on how we sell to them. That’s what we’ll be looking at in this post.

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Start up Business Series: When to start

Date: 14/05/19

The answer is simple; right now! As I explained in my earlier topic, Can you handle being a Business Owner, starting and running a business is tough. Not can be tough, it is tough! When the time comes to make a decision on when you start, I guarantee you will be able to list at least 10 reasons why now is not the best time to start.

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Start up Business Series: Creating your Vision

Date: 14/05/19

The vision for your business is a vivid mental image of what you want your business to be in the future, based on your goals and aspirations. Having a vision is important as it will give your business a clear focus, and can stop you heading in the wrong direction. Whether for you that means being a market leader, creating a world class company that operates across the globe, winning business/industry awards or just making a massive pile of cash.

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Start up Business Series: How to build the right business model

Date: 14/04/19

First question - what is a business model? It’s not just a word a lot of people in business use to try and look smart. A business model explains what you’re providing your customers (relieving a pain, making life easier, fulfilling a need etc), why your solution works better than competing ones, how and when they pay for it, and how to maximise profits. Basically it’s how the whole damn thing works.

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What can I claim?

Date: 08/04/19

One of the most common questions we are asked by a business owner is ‘what can I claim?’. We summarise the main points in this blog post.

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Start up Business Series: Market Research

Date: 07/04/19

Market Research has been the reason for many lost hours, lost £’s and lost souls for budding entrepreneurs. It’s a task I believe is almost taken too seriously and has too much importance placed upon it. Make sure you don’t waste your time and, most importantly, budget on it.

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Start up Business Series: Can you handle being a Business Owner?

Date: 21/07/16

This is a question that many potential entrepreneurs (I believe) take all too lightly. It takes a lot to be a business owner; you’ve probably heard different variations/opinions from different people on the good and bad parts of being a business owner, but one thing is certain; it’s damn tough. You’ll be faced with challenges you didn’t even know you were capable of solving and it takes real mental (and sometimes physical) fortitude to do so.

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Start up Business Series: The Idea

Date: 09/06/16

If you’re thinking of starting a business, you probably already have an idea. Not many decide ‘I want to start a business’ and that’s it and then try and create something. It’s backward. It’s usually an idea they have come up with, maybe solving a problem, creating something new, or simply doing the services of their own field of expertise themselves. Starting the business is the vehicle you use to fulfil that and it’s necessary.

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Building a business 4 dimensionally

Date: 14/09/12

What do most people do? Most people go with the very basic; one dimension. All people care about is their clients/customers and don’t even consider the others. They put all their efforts into how they can make it better for their customers, how they can make it cheaper, how they can bring more value. They’re too ignorant to realise how ignoring the other things will mess it all up. If you’ve got an employee that isn’t happy, that’ll show to your customers. If your suppliers aren’t happy, they’ll give you a higher price, which means you’ll charge your clients more. 1D works, but doesn’t kick-ass.

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When should I start my own business?

Date: 14/09/12

As an accountant, I’m asked this question a hell of lot. There are a few reasons why you’d start your own business when you do:

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