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The pros and cons of raising your prices
Knowledge
The pros and cons of raising your prices The price of your products and services can be a key factor in your customer’s decision to buy from you. Determining how much customers are willing to pay can be challenging, but pricing products and services at an appropriate level can help your business […]
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Business forecasting – a guide for start-ups
Knowledge
Business forecasting – a guide for start-ups Periods of high inflation can pose a challenge for start-up businesses. An increase in the price of input costs such as materials, energy , and the transportation services you need for your business to operate may impact profitability. At the same time, […]
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How to manage remote employees
Knowledge
How to manage remote employees The Covid-19 pandemic, coupled with fast broadband and online collaboration tools, has led to a surge in remote working for some sectors. Remote working is part of a migration to realising the benefits of flexible working – 87% of employees want to work flexibly , […]
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Guide to the Seed Enterprise Investment Scheme (SEIS)
Knowledge
Guide to the Seed Enterprise Investment Scheme (SEIS) What Angel Investors look for in small businesses Raising funding to get your business off the ground can be vital for many start-up owners. Yet, without a previous track record of success, it can be a struggle to attract private investors . As […]
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Guide to sole trader debt management
Knowledge
Guide to sole trader debt management Setting up as a sole trader is one of the easier ways to start a business as there’s little in the way of paperwork, you have complete control over how you work, and you can keep all your profit after tax . However, as a sole trader, you are liable for any debts […]
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How to manage and protect cashflow during difficult times
Knowledge
How to manage and protect cashflow during difficult times When a recession hits, it’s important to ensure that your start-up protects its cash flow so it can pay its debts and continue to operate without running out of money. Maintaining a positive cash flow is vital for any business. It helps […]
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How to work with influencers on TikTok
Knowledge
How to work with influencers on TikTok As of September 2021, there were one billion active TikTok users worldwide, with 3.7 million based in the UK. Insider Intelligence reveals that 20.6% of users reported regularly buying products they’d seen on TikTok, and 67% reported feeling inspired to make a […]
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How to set up a coaching business
Knowledge
How to set up a coaching business If you have a passion for helping others and knowledge to share, you may consider setting up a coaching business as your next venture. To start a coaching business, you will need excellent people skills and considerable experience in a specific field. What is […]
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What is Business Asset Disposal Relief?
Knowledge
What is Business Asset Disposal Relief? Business owners who sell all or part of their business can benefit from paying less Capital Gains Tax by using Business Asset Disposal Relief. Business Asset Disposal Relief (also known as BADR) was previously known as Entrepreneurs’ Relief. Using BADR, […]
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How to use impulse purchases to increase sales
Knowledge
How to use impulse purchases to increase sales Businesses can tap into the psychology of impulse purchasing to drive further sales . Retailers use various techniques to tap into a common emotion known as FOMO (fear of missing out) – offering time-limited discounts, bargain deals, and promotional […]