How to Start a Business While Still Employed

Balancing Act
Many people who work for someone else dream of becoming their own boss and owning a business. Who has not experienced boredom or become fed up with their boss at least once in their working life. While running your own business is not a bad idea it does come with its own risks. Financial risk in particular is the one that holds many people back. You are not only giving up your guaranteed income, but also risking your own money in the business with uncertain outcome. That is why it is advisable to start a business on a part-time basis while you are still employed. There are couple of important items you need to take care of if you pursue this path.

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3 Must Follow Tips for Self Employed

Self Employed
Running a business of your own is everyone’s dream, but it also is one that you need to think long and hard before chasing. As with everything in life there are pros and cons of being a self-employed. Among the big benefits are the fact that you will be your own boss, leaving you free to work hours that suit you and pick your own holiday times. This is great, but you also have to factor in cons like the loss of sick pay, paid holiday time and job security, as well as having to handle things like your own accounts. If you are still on board for self-employment, we will look at three ways of ensuring it is a success.

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5 Actions You Must Take Now to Protect Your Startup

Startup Risk
Starting a business has never been easier – but there are still a few pitfalls that catch many people out. If you have a great idea, make sure you put the following protections in place to ensure you don’t slip up. They are a lot easier to do, and it makes complete sense to get started right away – tomorrow, even. Don’t forget – because Murphy’s Law suggests you will live to regret it.

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How Poor Financial Management can Hurt New Business

Out of Business
For most people, running a business is to do with the freedom of being their own boss and the opportunity to make good money, with the potential to make a lot of money in the future.

That means you need to get the financial side of your business in the best shape you can, because if you don’t, then the chances are it will drag you down.

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Infographic: How to Become Your Own Boss through Franchise Ownership

Be your own boss
There is nothing more representative of “the American Dream” than owning your own business and becoming your own boss. As an entrepreneur, you have the ability to build your own prosperity and success from the ground up and create a better life for not only yourself and your family but also your employees and your community.

Sounds great, right? Unfortunately, entrepreneurship is an “easier said than done” concept. As many Americans launch their own businesses, they’re too often met with unexpected barriers to their success: too few funds, a disjointed marketing plan and even the burden of managing taxes and legal documents. As much as people want to become their own boss, starting up a new business is simply not easy. That’s where the franchise model comes in.

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7 Golden Rules to Drive Your New Business to Success

Businessman celebrating with trophy in hand
All new businesses set out with one common goal: be successful. The way you define that word can vary from company to company, but hitting those targets is a must.

There is no one route to business success, but there are a number of practices that will stand you in great stead. Getting those fundamental features in place should be a priority at all times. Pay close attention to the following seven aspects, and your chances of reaching those goals will be greatly increased.

What are you waiting for? Let’s get started.

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How to Run a Successful Steel Fabrication Business

Fabrication
Starting a steel fabrication business is a fantastic move if you want to make a healthy living. You’ll need a lot of investment to get the company off the ground. However, it’s one of the few industries that’s still thriving in both the US and across the pond. Most people working in that field will complete custom jobs for their clients. So, the products are not suitable for mass production. That is the primary element that has stopped countries like China from taking the helm. You might spend one day creating a steel fence for business premises, and the next building supports for the construction world.

The possibilities are endless, and so is your potential for making a profit. You just need to ensure you research the market ahead of time. Take a look at some of the biggest players, and work out which elements led to their success.

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What do You Need to Set up a Car Dealership

Car Dealership
Much like setting up any other type of business, starting your own car dealership requires lots of planning, budgeting, and paperwork. Depending on your circumstances, you have to declare your status to HMRC, whether that is registering as self-employed, or registering as a limited company. As you move on with your business, registering as a limited company may be more of benefit to you, as well as things like getting more appropriate cover from your insurer. Below we discuss several points to consider when setting up a car dealership.

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What do You Need to Know before Starting an Engineering Business

Engineering
Engineering is one of the most reliable, thriving industries out there. No matter how the economy is performing, there will always be a demand for good engineers. We will always continue to build higher, explore further, and invent new technologies. Engineers are at the heart of these industries, and there’s a secure, exciting future ahead. However, not all of us fit the mold for working at a traditional engineering firm.

Some engineers also have an entrepreneurial heart. After all, the engineers are the world’s best inventors. So, how does an engineer start building a business? How do they compete with the biggest companies in the industry? In this post, we’ll dig into the specifics of starting an engineering company. Think you’ve got what it takes?

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5 Keys to Building a Successful Online Startup

Success
There has never been a more exciting time to launch an online business. As such, more and more entrepreneurs are turning their attention to this arena every year. If you’re looking to step into the world of ecommerce in 2016, it is imperative that you start on a positive foundation. Great planning is central to establishing a successful online venture. There are several key areas an online startup needs to focus on for this strong foundation. Here are five of the most important areas you need to worry about.

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