Starting a business can be an adventure, even more so when you have just graduated. After leaving university, for the first time you are exposed to the real world. It’s also the time that you make the moves and take the steps to define the person you are going to be and the career you will have. You might be ready to dive into an office job by being an employee or you might have ideas that could make you your own boss.
Wired Magazine predicts that coding could become the next main blue-collar job which, if true, means that many small business owners will need increasing number of employees with programming skills in the near future. The problem affecting all businesses is that, without action, the UK could fall well behind other parts of the world in training for the future. This will affect our economy overall as well as our individual businesses.
Gus Bartholomew is the latest entrepreneur to feature in our success stories. Gus is the co-founder of SupplyCompass, a company that helps clients in the UK get in touch with manufacturers in India. In this success story, Gus discusses working with a partner and working in both the UK and India.
Where do you find your motivation, is it by following in the footsteps of your idols, or reading motivational quotes? Words have the power to achieve great things and coming from the right person, have the power to reignite fire in you, and give you the motivation you need.
Some people are comfortable with the routine and regular income that comes from being an employee. If being an employee suits you then that’s great. However, for some people being an employee can feel like an inescapable trap. If you start feeling like that then you should consider starting your own business. You will need certain skills to thrive as a business owner, but most importantly you need to be a leader and be focused in order to be a good entrepreneur.
Alex Eid the founder of Homie, a platform to help renters find a home with a help of a personal home finder, is the latest entrepreneur to be featured in our success story. Alex has raised $4 million in seed funding to set up and grow his business. In his story, he discusses workplace culture and advice for any prospective, aspiring entrepreneurs.
When you are running a business you will need to be organised, or at least attempt to be, in order to run it successfully. There are so many parts of the business that you will need to simultaneously take care of so you will need a system to ensure that you are managing all areas effectively. Whether you are focusing on tax or the your employees’ holidays, you need to have your small business in order.
As a business owner you should have an exit strategy in place for your small business. It can vary from selling, to retiring, to moving onto another business idea, to even passing your business down to your children. You can keep your options open when it comes to deciding what you want to do with your business in the long term, however it is highly advisable to have an exit strategy in place. This can help you prepare for the future of your business ensuring that you choose the most beneficial and profitable option for you.
When you’re caught up in the day-to-day pressure of running a business it can be hard to focus on your longer-term retirement planning. By investing a little time to review the fees being charged on retirement and investment plans many business owners could retire earlier. Hannah Goldsmith from Goldsmith Financial Solutions explains how this is possible.
Being a business owner and being your own boss can be a dream come true for many people. Breaking free from the shackles that can come from traditional jobs, can seem liberating. However, there are challenges that self-employed face, whether they are freelancers, entrepreneurs or small business owners. Running your own business can be very challenging as it will push you to your limits and force you to take control and display leadership.
With a £250, 000 prize money for business investment up for grabs, as well as partnership with Lord Sugar, the Apprentice is a huge business opportunity for the candidates. With only one week left of the battle to win Lord Sugar over, the show is coming to a close. The two finalists have been revealed, James White and Sarah Lynn, despite one of them being fired from their previous job.
Running a business is no small feat, though with the right finances, support, and expertise, most challenges can be overcome. But while small and medium-sized enterprises (SMEs) owners might possess proficiency in their specialist field, how do they secure sufficient cash flow and support to setup a long-term and prosperous business model? These are the biggest challenges businesses faced in 2017 – but technology is making it easier to solve them.
Getting less than 7 – 8 hours of sleep per night on a regular basis can have severe repercussions for your health. Your brain functions, your mood and the way you interact with people will be affected. Those are all vital aspects for small business owners, so the smart thing to do would be not to lose sleep.
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.
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 entirely 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.
So you’re starting a new business? What a crazy thing! I mean, you’re up against established brands, multi-million pound budgets, vast resources and a retail and supply network that’s well entrenched. What makes you think you can succeed? Rafael Rozenson, the CEO & Founder of Vieve (a protein water brand), answers all these questions from personal experience and gives his top five tips to compete with the big companies.
To run a business and to do it well you need to have a certain skill set. Being an entrepreneur is rewarding, and although you may not have all these skills it doesn’t mean you can’t start your own business. The list of skills will give you an idea of what is needed to run a business successfully. Also, running a business is a continuous learning process, and you are bound to pick up skills on the journey of being a business owner.
Entrepreneurs’ Relief was created to incentivise people to set up and grow businesses by providing a reduced level of Capital Gains Tax on business disposals.
A new survey of small company owners shows how partners and spouses are a valuable, trusted, and cheap source of support.