Insights, Ideas, Results
While the UK economy may have grown at a rate 0.7% during the second quarter of 2015, the level of sentiment that existed after the Conservatives landslide victory has dissipated somewhat. With a potential collapse in the Chinese economy and issues surrounding Britain’s future relationship with Europe, it is crucial that businesses remain vigilant and pay attention to even minute details if they are to succeed in 2015 and beyond.
While the term “family business” may still bring to mind the little Mom and Pop store on the corner, the reality is that family businesses make up a huge segment of the economy, in the United States and worldwide.
Earlier this year, The Center for Family Business at the University of St. Gallen produced the Global Family Business Index, which lists the 500 largest family-owned businesses worldwide. With huge names like Wal-Mart, Ford Motor Company, and Berkshire Hathaway included, it’s not surprising to find that the combined annual revenue of these 500 firms is over $6.5 trillion!
WASHINGTON — U.S. Rep. Vern Buchanan, R-FL, today announced the introduction of bipartisan legislation that would make it easier and less costly for an entrepreneur to start a new business.
Buchanan’s “Support our Start-Ups Act” (H.R. 2524) would quadruple the amount of start-up costs small business owners can deduct from their federal income taxes, raising it from $5,000 to $20,000.
We are living in the Golden Age of technology innovation. If you look around technology startups are popping up everywhere targeting numerous industries and business applications. The arrival of cloud computing, mobile technology and social media has enabled anyone with innovative idea, and willingness to work hard, to launch a startup for mere few thousand dollars. No wonder Silicon Valley is overflowing with number of twenty year old looking to strike it rich with a startup.
With entrepreneur-led tech companies on the rise, it can be difficult to stand out to potential customers. If you are in the beginning stages of launching your own tech company, it is important that you do it right in order to generate sales and grow your business. Read on for three tips that new entrepreneurs should know as they develop and grow in the tech industry.
As any entrepreneur who has gone through starting and funding his business will tell you it can be very challenging to obtain money for the start-up. Traditional banks are very risk averse and will not provide you money if they sense risk in your business, which is what all start-ups inherently have. Fortunately, number of other alternative sources of funding have opened up that can help entrepreneurs get funding without having to go through the hassle of traditional funding route. Not all unconventional sources of funding are equal, however and you need to do proper research before jumping on this bandwagon.Here are some of the pros and cons of unconventional start-up funding that you may want to consider if you are not going the traditional route with the funding of your UK business.
business handshake
Of course you need to have a name of the business ready before you can form a legal entity with that name. Trade names are usually protected as intellectual property, so make sure you’re not infringing on someone else’s property rights when you name your company. If you’re going into business with someone else, choose a nominated partner and register with HM Revenue and Customs (HMRC). The nominated partner is responsible for managing the partnerships tax returns and keeping records.
There are several ways to set up the business as a partnership as explained below.
Starting a new business is complicated, and can be a minefield of financial decisions. Do you start as a sole trader or a limited company? Do you need business insurance? Should you hire an accountant? Many financial decisions require careful thought for avoiding the risk of financial penalties and mistakes. Making a wrong decision not only will cost you money now, but will continue to haunt you for a long time. To help you make the best start here are 3 questions you must ask yourself before launching a new business.
When you run a successful company, it may seem counter-intuitive to think about leaving for a few days. However, taking a break, whether it’s for a vacation or for a work retreat where you’ll learn new tactics, is integral to keeping up with your success. With the demands of entrepreneurship it is easy to get exhausted and burned out. Taking few days off allows you to get rejuvenated to keep the engine going. Still need more convincing? Read on to see why you need to take that time away or sign up for that retreat you’ve been considering.
Crowdfunding platforms such as gofundme and Kickstarter have made headway as vehicles allowing millions of people to realize their financial goals. Whether it’s paying for the surgery of a beloved pet, or raising capital to make the movie of your dreams, these instruments of fundraising have revolutionized the moneymaking process. It was only a matter of time before this type of platform was utilized for start-up businesses to connect with investors. But what is crowdfunding and who is it for? Here is a concise guide to help you understand this newest phenomenon.
