Starting a Business
Starting a business is a lot of fun and work. There are many challenges to overcome. Most entrepreneurs love doing what they do. The size of the business does not matter, but we always welcome a helping hand to get us going.
Our business start guides are written to be practical and to the point. From planning to setting up your online shop, we have you covered.
How To Set Up A Subsidiary Company
Setting up a subsidiary company isn’t a decision that business owners take lightly, but it can have significant advantages for an organisation. As a subsidiary company operates separately from its parent company, a subsidiary company can benefit the organisation it belongs to in terms of taxation, regulations and financial liabilities. It can also be sued…
Setting Up A Business While You’re Employed
setting up a business whilst already employed can seem daunting and a little treacherous. Many people worry about losing the security of their employment and being sanctioned for moonlighting if their employer was to find out. However, plenty of entrepreneurs successfully started their own businesses whilst working for someone else. Notable examples include Twitter founder…
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Business Address vs Shipping Address: Key Differences
What is a business address? A business address is a general contact address that you can provide to any customer or client who uses your business. Such as suppliers, service providers, manufacturers, banks, shareholders, investors and members of the public. Your business address also functions as your invoice and billing address. Your business address can…
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A Quick Guide To Share Capital
When a limited company gets incorporated, which you can do for free at MachFast, it must assign a ‘nominal’ value to each share upon incorporation, i.e. £1 or £0.10. This nominal value represents the sum the shareholders must pay for each share they own, should the company go bankrupt – this is known as the…
The 4 Potential Implications of a Company’s Registered Address
When starting a new business there are a whole range of business plan questions to consider. What will it be called? What services will it offer? Who is your competition? Who is your target market? What is your price point? In amongst all of these considerations, new businesses with low start-up capital must also make…
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How To Write A One-page Business Plan
A template for a simple plan to impress investors and consolidate your business idea Whether you are setting up a one-person limited company or trying to start a multi-million dollar enterprise, a business plan is crucial. Plans allow you to: See the constituent parts of your businessSee what you’ve missed in the initial inception of your business…
How to become a Mumtrepreneur?
Between wrestling with mummy duties and finding yourself mind-numbingly bored on maternity leave, you’ll seek out new ways to stimulate yourself and keep busy. This has led to many a mum realising an excellent idea for a business. Whether you want to call it being a mumtrepreneur, mumpreneur, or more plainly an entrepreneur with young…
How to think about Online vs Physical Stores?
Deciding whether your business will have a physical store or an online store is an important step for many businesses. It reflects your business plan making it easier to develop your business for the future. Many enterprises may have both a physical and online store. This blog aims to help small business owners decide which…
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How to research your business idea?
You have obtained your business idea, but are you wondering whether it will survive once acted upon? This blog should help you conclude whether or not you should start your business and invest both time and money into your idea. 1. Identify a target market You won’t be able to accurately quantify your model’s potential…
How To Start Your Business On A Limited Budget (6 Tips)
Starting a business can be, quite rightly, a little daunting. One of the main fears about starting a business is the money you need to invest into it. However, many micro-businesses can get started for as little as $3000 or less while home-based franchises can be started for as little as $1000-5000, according to Forbes.…
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Top 10 Tips and Tricks for Researching your Competitors
A competitor is a rival business which is roughly the same size as yours and makes similar products to you. Your competitor will challenge your business for the same target market due to the similarities between your companies. Therefore it is in your best interest to take any advantage you can get to keep your…
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Research A New Business Idea – Top 5 Questions
When you research a new business idea, you may want to answer a few basic questions. When you are thinking of starting your own business, research plays a very important part. After all, you want to know who your customers are, what do they want, who are the main competitors and how much you can…
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Top 10 Business Plan Questions You Need To Answer
When you are starting a business, a simple business plan will help you get organized. You want to think through how you will set up and run your business. A business plan does not need to be scary. You do not have to be a numbers person or even have prior business experience. What you…
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10 Must Follow Steps When Starting A Business
”How to start a business?’ is one of the first questions that most new and aspiring business owners ask. Starting a business is a long term commitment that is rewarding and full of challenges. The UK is home to over 5 million small and medium sized businesses. Small businesses are diverse. A freelancer is a…
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How to generate a business name
The best way to generate a business name is to brainstorm different ideas with your friends, family, & colleagues. Your business name is the foundation of your brand. The name can ‘say what it does on the tin’ or it can be abstract and empower you to nurture its meaning with design, slogans and iconography.…