Those entrepreneurs who would like a business partner to share the load often form a partnership. However, the meaning of a partnership has changed as people have added more features to what this special relationship stands for. There are several different types of partnerships, all with various features. We’ve listed them here so you can… Continue reading Business Partnerships: A Guide to the Different Types
Author: Rajesh Velayuthasamy
How to Fund a Startup in the UK: A Beginner’s Guide
Starting your own company can be a daunting but rewarding process. While a great business plan is crucial for founders, financing is one of the most important elements a company needs to succeed. Finding funding can be the hardest part of getting your business off the ground but also the most rewarding. With over 600,000… Continue reading How to Fund a Startup in the UK: A Beginner’s Guide
How to Register a Company to Buy a Property: An Easy Guide
If you are a contractor, business owner or independent professional operating via a limited company, you may have considered buying a property through your business. The biggest trend in the property market in recent years is the huge and sudden shift in people buying properties within companies. It used to be the case that only… Continue reading How to Register a Company to Buy a Property: An Easy Guide
What Is a Sole Trader
A sole trader is a self-employed individual that runs their business as a single person with no other additional employees. As a sole trader, there usually isn’t any legal distinction between the person offering the services and the business itself. Essentially, a sole trader is their business. Sole traders are their own bosses. They have… Continue reading What Is a Sole Trader
A Guide to Starting a Business While Working Full Time
Millions of people in the UK have plans to start their own small business — 3.2 million, to be exact. That’s 10% of the country’s working population; a big chunk of the current employment crop. The problem is, most individuals can’t quit their full-time job and start a business. According to BalanceSMB, it takes anywhere… Continue reading A Guide to Starting a Business While Working Full Time
6 Small Business Ideas Perfect for Anyone
It’s a story we’ve heard a thousand times before. Plenty of people are passionate about the idea of starting a small business themselves — and enjoying all the perks that come with it. They want to start a small business and make money, but they don’t know what business to start. Common concerns include: Not… Continue reading 6 Small Business Ideas Perfect for Anyone
The Most Successful Types of Small Business
Thinking about starting a small business? You aren’t alone. Nearly 6 million SMEs are operating in the UK right now — with just over 600,000 joining this number every year. However, there is also a more alarming figure to consider. 60% of small businesses will fail within the first three years, with 20% going under… Continue reading The Most Successful Types of Small Business
How to Start a Business with No Money
Financial freedom is something many of us dream of — the ability to live without concern for another day’s work in our life. This doesn’t mean obtaining wealth beyond our wildest dreams, but instead a secure nest-egg that sustains a modest lifestyle. One of the best ways to achieve this goal is by starting a… Continue reading How to Start a Business with No Money
How to Start a Business: 8-Step Roadmap to Domination
Starting a Small Business? You’ve Found Your Complete Guide! Read time: 18 minutes The small business community is thriving. There are 5.9 million SMEs operating within the UK. In 2019 alone, 200,000 new small businesses launched. Projections suggest that this trend will only continue, with many more entrepreneurs planning to set up a company in… Continue reading How to Start a Business: 8-Step Roadmap to Domination
Explained: How Do I Get a UTR Number?
What Is a UTR Number? UTR stands for Unique Tax Reference, a 10 digit code assigned to you and you alone. Your UTR exists entirely for tax management. It cannot be used as any other form of identification. Do You Need a UTR Number? Yes, you do need a UTR number. Every single piece of… Continue reading Explained: How Do I Get a UTR Number?