Property rental is one of those business types that can grow very rapidly, as you buy and rent out more homes to tenants. With rent prices at a very strong level at the moment, it’s not too difficult to be earning a lot more each month than is going out, making this a very successful business proposition if you’ve got the money and credit to get started. Things can still go wrong however, and when they do, you’ll want to make sure that you’ve got the backing you need.…
Construction is an industry that has seen an incredible improvement over the last few months, with lots of work being given the go ahead. Here are the things that you need to know to set up your own construction business.
Sole Trader, Partnership or Company?
Deciding what to trade as is an important part of setting up your own business. A sole trader will, more often than not, find it quite hard to find work. There are lots of reasons for this, including the fact that clients see sole traders as an employee with all the rights that go with it, and agency are weary of debt transfer and the employment agency legislation that requires workers to be paid under PAYE schemes.…
We are all drawn to some areas of life more than others. As an entrepreneur, you are likely to be bold, confident and hands-on. Some areas of business however are more complicated, though just as important as those paradigm roles of finding investment and product design. Here are some important areas that is important not to leave behind as you improve your new business.
Develop Your Website
Depending on what kind of business you have just started, there is a good chance that your website is currently at some kind of stop-gap stage between non-existence and some idealised notion of ‘completion’.…
While it is no secret that the UK economy has experienced huge growth in the last eighteen months, the extent of this expansion will surprise many. Most recently, it was reported that the British economy will grow faster in 2014 than any other G7 nation, while low wage rises will also drive interest rates down until the formative part of 2015 at least.
According to statistics, British GDP growth will hit 3.1% during the third and fourth financial quarters of 2014, as a result of strong capital investment.…
Now that the economy is well and truly on the mend and the nation’s finances are above the level of the 2008 slump, your business might be finally starting to think about relocating. With that little bit of extra cash flow on your books, whether you’re a home business thinking about taking the big step of leasing a proper office space, or you’re an already established business with an office looking to up-scale, now could be a good time. There’s one thing that might still be in your way, though: where in the UK is best suited for your company’s needs?…
Since the advent of crowdsourcing and flexible working directives, business owners have been more inclined to make a significant investment in human capital. The single most important aspect of this process is empowerment, as companies encourage their employees to maximise their potential and develop into talented and highly motivated members of staff. So whereas traditional business models were built on the fundamental principles of cutting costs and increasing profitability, contemporary wisdom suggests that the recognition and application of people power is perhaps far more important.…
2014 has been a strange one for business and individuals all across the UK. With reports that the UK’s economy is finally back to pre-downturn levels (following a six year slump!), many people are claiming that life is back to normal, and business is on the up. Meanwhile, many others have suggested that they’re not feeling the benefit of the UK’s new found prosperity. This turbulence has a number of effects on businesses, and one could be the need for extra storage.…
While the media may be swamped with news of economic and private sector growth, this does not mean that the UK can look forward to long-term success with any great degree of certainty. More specifically, a teetering real estate market and lack of permanent job opportunities is continuing to undermine the green shoots of economic recovery, so there is reason for small business owners in particular to remain cautious.
It is also important to understand the fact that not all industries thrive and prosper, even during periods of wider growth.…
Marketing is absolutely essential for any business, large or small. Even if it weren’t the case originally, we now live in an age which is so saturated by marketing that it’s become increasingly difficult for individual companies to stand out. But marketing, whilst often maligned in the media and by consumers, acts as the mouthpiece of a company. In fact, the best marketing is so subtle that consumers don’t even notice it at all.
Investing for Success
Some marketing will inevitably happen of its own accord.…
For many of us, summer is a time for relaxation and fun. With BBQs aplenty and bustling beer gardens, when Britain gets its weather right, there’s nowhere else better on earth. However, as brilliant as the glorious sunshine may be for the weekends and down time, it causes numerous problems for businesses up and down the country. From problems with refrigeration in restaurants to the decreasing of staff efficiency, the heat causes problems no matter what the nature of your business.…
