Click on a post title to read the full post. Start Up A Bed And Breakfast August 24th, 2010 » Comments (0) As more and more people travel either on holiday or on business there is an increasing demand for comfortable accommodation in most parts of the country. Bed and breakfasts satisfy this need and are …
This year over one million new businesses started in the UK and over ten million new businesses started in the USA will fail. Why? Well various government departments, consultants and the press will no doubt produce reports and stories explaining that it’s down to lack of capital, the recession, the credit crunch, red tape or whatever the excuse of …
This creative destruction can take on a number of forms: New markets/products. New equipment. New sources of labour or raw materials. New methods of organisation or management. New methods of inventory management. New methods of distribution. New methods of communication. New methods of advertising and marketing. New financial instruments. New political lobbing or new legal …
Although my first ‘business’ was a software/web development consultancy, my first proper business was Internet based. It was hardly a revolutionary new Internet business idea, but it was a good, simple and profitable business idea and it ended up being the foundation from which the rest of our Internet businesses grew. The idea was to develop …
Creativity and innovation are essential in business and the continuing development and implementation of new business ideas is crucial to our economy. Finding New Business Ideas Most new business ideas evolve from a process known as creative destruction. Creative destruction can take on a number of forms: New markets/products. New equipment. New sources of labour or raw materials. …
The ability to analyse and make capital investment decisions allows you as the owner or manager of a business to ensure that your limited resources are allocated to the project or projects that will best achieve your strategic goals (hence they are also sometimes referred to as strategic investment decisions). Such decisions could relate to …
I get a lot of emails asking for my opinion and advice on opening a shop. I suppose it makes sense, given that the ‘corner shop’ is the small business idea that most of us are familiar with before we quit our jobs and become entrepreneurs. Britain has after all long been considered ‘a nation …
When it comes to businesses the proverb: Failing to plan is planning to fail is true, however if you look at many of the books or guides on how to write a business plan it can seem like a daunting prospect. You’ll be advised that a good business plan contains most if not all of …
I’d like to start a business but I’ve no spare cash after paying my debts. How can I start a business with no money/for free? If you have no money and are in debt then perhaps starting a business is not the right thing for you. It might be quicker (and easier) to get a …
How much does it cost to start a business in the UK? Unfortunately asking “how much does it cost to start up a business” is like asking “how long is a piece of string”. There is no simple, one size fits all answer. However there are a number of typical business start-up costs that you …
