Before all sales people, associates and affiliates panic let me explain that the above headline applies only to Financial Services Products in UK.
The UK Financial Services Authority have had concerns for some time that financial services products are too often recommended by unscrupulous financial advisers on the basis of the amount of commission they receive rather [...]
Category Archive for 'Planning'
Business Systems
Posted in Planning on Aug 7th, 2009
Have you ever felt you were running harder and faster in your business and yet appear to be staying in the same place. If so you probably know the feeling; the working days get longer, the backlog gets larger, leisure time gets shorter (or even disappears altogether). Running a business can tie you down rather [...]
Partnership
Posted in Planning on Aug 14th, 2008
A Business Partnership can have unlimited or limited liability. A normal partnership has unlimited liability but a Limited Liability Partnership (LLP) has similar advantages to a Limited Company. As such it needs to be registered at Companies House.
Operating a business as an unlimited partnership is similar to operating as a sole trader from a legal perspective. The key [...]
Limited Company
Posted in Planning on Aug 13th, 2008
There are two types of limited liability company in UK. Private Companies are designated as Ltd or Limited, Public Companies are designated as Plc. I shall just deal with Private Limited Companies in this article as they are the most appropriate for small businesses.
The main point of a limited company is to give personal protection [...]
Sole Trader
Posted in Planning on Aug 13th, 2008
Sole Trader is the simplest business format of all. You can trade under your own name or a business name and you can set up almost anytime, anywhere with little restriction or red tape. There are a few key things you need to do first though:
Register with HM Revenue and Customs (HMRC) - For Tax and National [...]
Company or Sole Trader?
Posted in Planning on Aug 13th, 2008
A key decision facing the new business is what business format to choose when starting out. Basically there are a number of options which will be influenced by factors such as:
How many of you will there be running the business?
What potential risks and liabilities will you face?
What are the tax implications of each option?
How much [...]
Be Your Own Boss Reborn!
Posted in Marketing, Online Marketing, Planning on Jul 22nd, 2008
Be Your Own Boss has had a long overdue ‘makeover’.
It’s been rebuilt using WordPress, a great tool for content managed websites, incorporating some of the latest Web 2.0 features. This makes it much easier to incorporate new content, so now I have no excuse for not adding lots of new information on the subject of [...]
Know Your Destination
Posted in Planning on Jul 15th, 2008
You wouldn’t get on a bus or train without knowing where you want to go, would you? Yet thousands of people go into business with only a vague idea of where they want their business to be in say 5 years time.
Whether you are starting a new business or growing an existing one, success depends [...]
Many people looking for a business idea or opportunity look outside of themselves and their own interests. Yet the things we are most enthusiastic about are ourselves and our own interests! So why not make them work for you?
Running a business based on something you enjoy will ensure you work harder, enjoy your work and [...]
Going Solo
Posted in Planning on Jul 14th, 2008
Did you ever hear the saying, “Nobody ever got rich working for someone else!”?
On the other hand, around 80% of new businesses fail within the first 5 years!
So what makes being your own boss so attractive if the end result is most likely failure? The answer given by most would-be entrepreneurs is …
FREEDOM.
So how can [...]