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Grow a Small Business

If you work for yourself, there’s a strong chance you’re a sole trader. As a popular method of setting up a small business, sole traders make up almost 60 percent of all self-employed people in the UK.

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You must act fast to avoid your business being harmed by bad air quality. Productivity is one of the most important variables to examine for every company. Your earnings will almost likely rise if you can increase your productivity. As a result, it’s no surprise that business owners all over the world are constantly seeking innovative ways to boost productivity and engage their employees.

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Everybody wants more sales. Everybody wants marketing techniques that work, and 5-star product reviews that lead to more interest from potential customers. But where to begin? 

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When you are a smaller company than many that operate in your area, you want to make sure that you are still able to provide a high-quality service, without becoming overshadowed. It is not always the size of the company that matters to clients, but instead the way that business is run, and how valued an individual feels when they seek out certain goods or services. To help yourself get ahead, you want to open as many proverbial doors as possible, which can aid in both gaining customers, and help drum up repeat business.

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There is light at the end of the tunnel. After more than a year of turbulence, there are signs to suggest that life may soon return to normal. The Government has outlined a roadmap out of lockdown, and if the current trends are maintained, then most British adults will have received a vaccination by Summer’s end. With restrictions on socialising and non-essential retail currently set to be lifted on the 21st of June, many are already looking forward to the return of ‘normal’ activities like eating at a restaurant, going to the gym, or spending a night on the town.

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As climate change becomes a growing concern across the world, eco-friendly efforts have skyrocketed. According to HSBC’s Made for the Future Report, around 50% of UK businesses plan to invest more heavily in sustainability efforts during 2021. This should help them meet new regulations, keep up with their competitors and help the government reach current net-zero carbon emission targets.

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Perhaps your small business has had a rocky time during the pandemic. You might have realised that you’ll need to adapt in order to thrive in a changing world.

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There are no limitations on how anyone can become a great entrepreneur. To start something that might become the next big success, you don’t need a college degree, a lot of money in the bank, or even business experience. Europe is a context of enormous potential. There are so many reasons why starting up a business in Europe is a good step, from the opportunity to extend your business to new areas of the world to low corporate tax ties. Thanks to new entrepreneurial ideas, profits can be made in Europe.

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As a limited company director, if you’re at the crossroads of determining the future of your business and wish to settle on a suitable exit route, there are multiple factors to take into consideration. If you wish to facilitate a time-sensitive exit, the estimated length of the process will influence your decision. If you would like to generate maximum returns from your investment, you may spend longer on the process to achieve this.

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There are numerous reasons you may wish to close your limited company, from approaching retirement, switching operating structures due to IR35 reform or as your business has reached its natural end. Driving factors behind operating through a limited company may be the financial set-up and the associated credibility, however, as legislative measures change and employment opportunities vary, limited company contractors may switch structures.

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Once you’ve started up a new venture, you’ll need to ensure that you have banking facilities in place before you can start trading. So, do you need to set up a small business bank account for your business, or can you use your own personal bank account?

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Every small business wants success, but achieving this goal can be challenging and demanding. The good news is that there are ways to capture your audience’s attention and assist them on their journey to find your products. There are plenty of eCommerce strategies that can help you impress customers enough so that they come back for more products and services.

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2020 has brought on more challenges than small businesses were prepared to deal with. One of them is the rise in cyber attacks taking advantage of the panic caused by the pandemic. To give businesses some breathing room, we’ll be exploring what no-logs VPNs are and how they can stem the tide of hacking activity and mass surveillance.

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If you are facing business challenges, they can conspire to make us feel down and sap our energy and enthusiasm, which is not good for business. Consider what it would be like if you could have a positive mindset permanently! If these things didn’t affect you negatively but could be faced without fear or stress?

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It is always a good idea to go global if your business is already doing well locally. The benefits and opportunities that emerge from going global are endless. Among them is that:

  • There is a chance to find lower production costs overseas.
  • You get access to new markets and customers which increases your revenue.
  • Globalisation also helps you tap in on the latest innovation and technology that exists in the market.
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There are several great reasons why every business should strive to operate sustainably. Firstly, it’s mostly a money-saver. Using sustainable resources and processes might take some upfront investment, but it reduces your costs in the long run. Secondly, it’s great for PR. There’s an excellent chance that your target audience will think better of you if you go green.

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We live in a digital era. The era in which remote work is no longer a growing trend but a part of our everyday lives. Being able to work from home or any place in the world has allowed people to finally fulfil their dreams of becoming small business owners. If you are one of those people that thinks launching a business isn’t difficult, then think again. Building a business from scratch and running a remote team takes enormous effort.

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The full impact of the pandemic has been felt across all sectors and industries, and it’s well known that SMEs are among the hit hardest by lockdown measures across the world. The need for increased investment has grown, and many businesses are turning to novel technological solutions to offset the worst of the disruption caused by Covid-19 – especially as new lockdowns are increasingly likely to be reintroduced. But while technology can certainly help it requires careful analysis and smart decision making to ensure it adds genuine business value and has a lasting effect.

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The mobile apps trend is here to stay. If you haven’t heard of this term, get ready. With the increase in the variety of smartphones, the number of available apps also grows. Also, people are spending more time with their devices and decreasing the use of desktop computers and notebooks.

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Small print and hidden fees affect all types of customers and businesses. However, their impact on small businesses is highly detrimental as they already run on tight cash flows and strict budgets.

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