SWOT analysis: definition and examples
Many successful businesses use strategic planning to grow revenue, reach new customers and develop new products and services. Once of the most...
Read MoreSales strategy: examples for start-ups and small businesses
It doesn’t matter how great your products or services are, how competitive your prices or impressive your brand, if you don’t make enough sales your...
Read MoreSales forecasts: definition and guide
No one knows what the future will bring, but with some knowledge and experience to draw upon you can make informed predictions, which offers more...
Read MoreJoint venture: definition, examples, pros & cons
The idea of businesses operating in isolation is being relegated to the past. Today’s business are increasingly collaborating with other companies...
Read MoreHow to find retail space
Getting customers through the door is vital for any business wanting to make money. Yet finding the right retail space can make or break a business...
Read MoreGDPR requirements for websites
The General Data Protection Regulation (GDPR) requirements came into force on May 25, 2018. Designed to protect the personal data of EU residents,...
Read MoreDifferent ways to pay staff
Deciding how much to pay staff and the best way of paying their salary is one of the first decisions a small business owner must make when hiring...
Read MoreCreating a brand: a step-by-step guide
Creating a brand for your business is an essential component to business growth. Successful brands attract and create an emotional connection with...
Read MoreBusiness continuity plan examples
More than a tenth of UK businesses fail each year, according to government figures. While this is often the result of cashflow issues, some...
Read More9 sure-fire signs you should be hiring your first employee
Hiring your first employee is an important milestone for any new business start up. Hire too early and you may face cashflow problems, while leaving...
Read MoreYouTube video marketing tips
With nearly two billion users viewing millions of hours of video each day, your business can’t afford to miss out on the marketing behemoth that...
Read MoreWhat is product liability insurance?
Product liability insurance is essential for any business that produces or sells goods. It protects you against legal claims for damage or injury...
Read MoreTwitter marketing tips for a small business
Twitter is a cost-effective way to reach a huge audience. With Twitter accounting for nearly 13% of social media usage in the UK in 2018 according...
Read MoreTrademark vs copyright: what’s the difference?
Protecting your business assets is vital, and trademark and copyright play essential roles in securing the intellectual property your business...
Read MoreTrade credit definition – how trade credit works
Trade credit is similar to a high-street sofa store selling furniture on a ‘buy now, pay later with zero interest’ promotion. Yet instead of...
Read MoreTrade credit advantages and disadvantages
Understanding trade credit advantages and disadvantages is crucial to helping you decide whether you should offer trade credit to customers or use...
Read MoreProfit and Loss Account explained
Businesses succeed or fail based on their ability to make a profit. Generate more cash coming into your business than going out as costs, and your...
Read MoreHow to find a business partner
Starting a business solo can be daunting. In the early days you’ll be wearing lots of different hats – from marketing and sales to financial control...
Read MoreHow to calculate small business corporation tax
Corporation Tax is a tax that all limited companies must pay on their profits – any money your business makes after overheads and expenses have been...
Read MoreHow to become a childminder
With more parents returning to work than ever before, becoming a childminder can be a rewarding business. According to the Money Advice Service, the...
Read MoreWhat is copyright law – and what happens if you break it?
Copyright law protects the creators of original work. If you create something original – from a song or photo to an article or design – copyright...
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