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Working out the Value Added Tax (VAT) and making sure that your business is complying with the VAT laws is time consuming for small business owners. In research conducted by the Federation of Small Businesses (FSB) it was found that small business owners spend a whole working week every year trying to comply with the obligations that come with VAT.
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One of the most controversial topics regarding the success in the business world is the one of the so-called ‘gut feeling’. While it is true that a lot of people made a fortune following their intuition, there is a lot of debate on what this gut-feeling really is. The closest thing to an explanation would be to say that the gut-feeling is an ability to match a current situation with a similar successful or unsuccessful scenario from your past. In other words, instead of relying on luck or some mystical force, you are subconsciously analysing the current situation and making decisions based on it.
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How to finance your franchise

You will need to raise finances to fund your franchise business. You may have to deal with hefty start-up costs that will cover the initial franchise fee as well as buying and/or renting the premises. You will also have to deal with ongoing costs that you need to cover, especially at the beginning where you will not be making a great amount of money.
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Leadership skills are something that you need to acquire in order to run and lead a successful business. Everyone is not born a natural leader, and this is not necessary in order for you to be a good leader. You can develop leadership skills over time and through experience. It is important to invest time in developing good leadership skills, as this will help you be a successful entrepreneur and a good boss.
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Once you have successfully started up your business, you will need to focus on actually running it. Although getting started and setting up is the initial big challenge you have to face and overcome, after getting into a routine of running your business, you will need to make sure that you are progressing and moving forwards and upwards rather than being stuck in a stagnant state.
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The state of an office can tell you a lot about the business. A clean, bright and well-maintained office makes for a fantastic working atmosphere and a good company image. But if you let your office become worn down and tired it can badly affect the mood of your staff and reflect badly on your organisation. Take a look at your working space, if it has seen better days now could be the perfect time to make changes.
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Starting a day care nursery can be a rewarding experience as you are able to influence and teach young children at a very early point of their lives. And there will always be a requirement for child care, so if you do it in the right way you can create a profitable business from it. From targeting busy professionals who are not able to look after their children during the day, to parents who want to push the development of their children, there will always be clients to attract.
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If you have made the decision to go for the easier and more beneficial way of accounting then you have come to the right place. The next step is ensuring that you pick the right kind of accounting software for you, your business and your staff. There are several different factors you need to take into consideration to choose the best accountancy software to meet your small business needs.

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Finding a gap in the market gives entrepreneurs a chance to innovate their business. Finding a gap and taking advantage can even allow you to build an entire new business. There are several different ways in which you can look for gaps in the market to give you that one idea that can change the course of your entrepreneurship. You can come up with ideas from looking at trends to tweaking already existing products or services.
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How to become a franchisee

If you decide that you are ready to take on the world of franchising and want to invest in a franchise business, then there are certain things you need to consider. These include skills and attributes that make a good franchisee, choosing and buying the type of franchise, as well as actually running the franchise on a daily basis.
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Small businesses can really benefit from having accounting software to handle all the accounting of their business. It can make your business accounting secure, organised and hassle-free, allowing you to work on growing your business. When compared to manual accounting, accounting software provides clear advantages.
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Would you rather have one Lamborghini or three Ford Fiestas? It’s all about quality over quantity; a well known concept that can often be overlooked in sales and marketing. Here, Howard Williams from Parker Software explains why it is better to have a database of 100 high-quality leads, rather than thousands of dead ends, and how imminent changes to General Data Protection Regulations (GDPR) will help you achieve this clarity.
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Up until now, you might have thought that your product was the driving force behind getting a shopper to part with their cash – after all, isn’t that why you’ve spent months (if not years) developing it to perfection. You would be wrong, though. If you’re reading this then you’ve probably already realised that whatever medium or vessel you’re using to contain your products is a much, much bigger deal.
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Starting a business is one of the most important decisions of a business owner’s life. Therefore, you want to think about it carefully and consider whether you want to run the business by yourself and the advantages and disadvantages of doing so. You may also want to consider going into partnership, however you should make sure that you make a decision that you feel confident and happy with.
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Save money to make money

“Take care of the pennies, and the pounds will look after themselves” — advice often given to people looking to grow financially and develop financial security. Being financially prepared is the cornerstone of developing a successful and profitable business, and should be a core priority from the moment you begin developing your business strategy and remain at the heart of your operation throughout your business’ growth.

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Finding the right office can be exciting but it is also sometimes a daunting experience. You will need to find the right office space for your small business, whether you are expanding your current business or starting a brand new one. It’s essential to have a tick list to make sure that you are covering all bases in order to find the right office.
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How to start a spa business

Running and owning a spa business can be a really rewarding job as it allows you to help your clients relax. The main purpose of a spa is to provide services and treatments that allow the clients to completely unwind and relax, which enables them to look after their mental health and wellbeing, as well as their body. You should really consider starting a spa business if you are a fully trained beauty therapist with experience, as well as entrepreneurial skills.
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Social media can play a huge role in increasing the reach of your brand and business. Businesses of all sizes have taken advantage of what social media can offer, which is the direct connection with consumers worldwide. Social media is a prominent part of today’s society, it is widely used and most people use social media platforms on a daily basis, from tweeting about the latest political turmoil to posting a picture of an aesthetically pleasing hot chocolate on Instagram.
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Being a vegan means that you only eat plant based food. It’s a lifestyle that people choose to be healthier, as well as being environmentally and animal friendly. Some of the major cities around the world are fully embracing veganism and these include LA, Berlin and New York. The vegan business is booming in those cities, and London is following suit.
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When running a small business, it’s impossible to avoid stress completely, however there are certain things you can do to reduce stress and the effects of it. Constantly dealing with stress can have serious negative impact on your mental and physical health. You really need to be proactive in reducing stress causing factors in your everyday life.
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