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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.
Read moreOne 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.
Read moreMarket 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.
Read moreThis 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.
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 fulfill that and it’s necessary.
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:
Read moreWhat 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.