Category plan your business

Entries 48 Total

The Real Deal – Don’t Accept Anything Less

Mar 19, ’12 8:55 PM

Entrepreneur Conferences need a business health warning. November and March are always the biggest months for Enterprise and Entrepreneurship conferences. Last week, I was lucky enough to be in Liverpool for the Global Entrepreneurship Congress. Last year it was in Dubai and next year it’s in Rio de Janeiro so we were lucky to have…

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Design. Redesign. Scale.

Apr 16, ’11 10:15 PM

Design your product or service and get it out to customers. Don’t be coy about it, tell people you just designed it and then let them critique it. They are not insulting you, if they are critical – they are helping you – you should be thankful. Redesign your offer according to the critique, you…

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Planning for Small Business Success

Feb 24, ’11 8:17 PM

Embarking on a new business venture or project can often be a difficult and stressful period for a business owner. This can often be made even worse due to a lack of sufficient planning to guide them through the turbulence. In my many years in business I’ve learnt than nothing is more important than planning…

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Discounted Cashflow

Apr 29, ’08 2:39 AM

It can be difficult to accurately place a value on a potential investment. A common mistake is to estimate using historical data such as previous profits or assets owned, when in actuality it is far more useful to try and work out the future potential of the company. This is known as the investment approach…

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Takeover Disasters

Apr 22, ’08 1:34 AM

The process of taking over another company can be a very exciting time for you and your business, but it can very quickly turn into an unpleasant experience with serious lasting consequences. Here are some of the biggest mistakes made by companies during takeovers: Inadequate due diligence – You need to have done extensive research…

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VAT Issues

Apr 14, ’08 11:57 PM

If you decide to buy an already existing small business it is useful to be aware of some of the VAT issues involved. Overlooking the importance of VAT will at best result in delays closing the deal and at worst could cost you a lot of money. Of course, you should always consult a specialist…

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Negotiation

Apr 8, ’08 2:05 AM

As a small business owner it is possible that at some point in the future you will find yourself entering negotiations with another company, perhaps because you have become so successful that you wish to buy a competitor or because you feel it is time to sell up and move on. Negotiations are delicate processes…

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Family Business

Mar 31, ’08 4:55 PM

Recent research at LSE into the productivity gap between which leaves the UK trailing behind the US, France and Germany has found the main problem to be family-run firms. This somewhat surprising conclusion suggests that family-run businesses suffer from poor management practices. The report author Nick Bloom was so convinced of his findings that he…

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Change of Business Ownership

Mar 17, ’08 4:49 PM

An important consideration for a small business owner when looking towards the future is the possibility that the ownership of their business may change. In fact, a third of privately owned businesses in the UK expect that this will happen to them within the next ten years, a slightly higher amount than the worldwide average.…

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Franchising – What should be in the contract?

Feb 19, ’08 11:19 AM

Many of you seem to be looking at franchising to get into business, while this can be a relatively painless start to your own small business, caution is essential. I thought I write down some pointers of what you should have in any franchise contract, this is not a nice to have list, but the…

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