Running a Business in The Present – Planning for The Future

For the owner of a small business, it’s easy just to concentrate on the day-to-day operations of the organization, especially if it’s doing well or in the throes of expansion. Responsibilities include looking after employees, creating detailed business plans, and drawing up budgets. It can be hard to look into the future when everything is so busy, but it should be an important consideration for any business owner to contemplate and plan for retirement.

Plan for the future

Business owners need to realize that it’s likely that the bulk of the funds for retirement will land on their shoulders, so some long-term thinking and preparation should enable them to benefit from the fruits of their labor when they decide to retire.…

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Need a Job: Read This

If you’re looking for a job and struggling, I can help you. What I’m going to reveal to you in this article a lot of people overlook when applying for a job. I never really paid it much attention until I saw this infographic that gives out lots of facts on social media use and its role when employers are considering hiring people. You can learn a lot and drastically improve your employability rate.

Social media job search

Let’s start with the basics. The majority of employers will spy on your social media profiles before hiring you. This is a fact and it’s one you need to be well aware of.…

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How ERP can Help my Business

It’s a tough job running a business – many outsiders simply don’t realize how time consuming it can be. What can come as a shock to many business owners, however, is just how much of that time is spent on small repetitive tasks such as employee coordination and data management. It’s so easy to get into the habit of dealing with these on a day-to-day basis that managers lose track of how ridiculous it is – after all, most of them don’t require a great deal of skill, and it’s amazing to think about what might be accomplished if that time were spent on something else instead.…

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ReachLocal’s guide to Online Reviews

The proliferation of the Internet has made it easier for consumers to conduct their own research and inquire with other consumers. In the same token, it has made it easier for anyone and everyone to become publishers in their own right. However, the anonymity of the online space also opens this up to deception and fakers who write embellished reviews beyond what they can show factually. In the legal sense, this is often referred to as defamation.

Online review guide

As the Internet industry matures, so do the legalities surrounding many variables that can happen in the online space – in most cases, the law simply extends itself to online.…

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How to Make Your Small Business Marketing More Interesting

Marketing a small business is absolutely essential. Whereas larger companies tend to have already made a name for themselves, it’s usually the case that smaller companies have yet to achieve widespread recognition. Marketing your business is the best way of growing your company’s reputation and winning more customers.

Shop mascot

Keeping the Customers You Have

Before you go off hunting for new customers, it’s important to make sure you’re retaining the ones you already have. It’s actually much more cost-effective to keep existing customers than it is to try to gain new ones, so you should concentrate some of your efforts on improving and maintaining satisfaction and loyalty.…

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Remaining Compliant as a Small Business Owner: 3 Things to Keep in Mind

While it is often overshadowed by the importance of commercial growth and performance, compliance with British laws and regulations remains extremely crucial. This is a challenge that has come into focus recently, with Google Glass business users being urged to ensure that they comply fully with existing data protection laws.

Business regulations

This is just one of the many compliance issues facing small business owners, however, as concepts such as health and safety, taxation and building regulations must be given careful attention at all times. If you fail to do this, you could impede your businesses long-term growth and ultimately cost you significant sums of money.…

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Expanding your Business: How to Tap into an Overseas Market

Whether you are a small or large business owner, the current economic climate is conducive to growth and significant expansion. Just because there is a clear and obvious opportunity to develop a commercial venture, however, this does not mean that the process is as simple as investing capital and taking on additional work.

Expanding to overseas market

In fact, business owners must adopt a strategic approach to investing their capital and cultivating growth. This is especially true if you are aiming to take a domestic business overseas and tap into a vast international market. The challenges of replicating national success on a wider scale are significant, regardless of whether you are a novice or a seasoned entrepreneur.…

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Establishing Your Own Festival Supermarket

If you have a passion for both food and music, it makes obvious sense to combine the two and establish your own festival supermarket. Right now, we’re stuck in the middle of festival season, so if you begin planning and prepping to implement your own market, you should be ready to launch at the beginning of next summer, ready to provide happy festival goers with the produce they need. So, what will it take to get your festival supermarket off the ground?

Summer fest

What’s the Plan?

As with any business, you need to generate a robust business plan that includes, but isn’t limited to the following:

  • The vision of the project and why you want to embark on it
  • The aims/goal of the project
  • Who will be involved in it
  • What you intend to sell
  • How you’re going to fund the project

You might have noticed that these questions start out relatively trivially, but that by the end, you’ll need to spend a lot of time researching and doing calculations to address the questions in the appropriate detail.…

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Business Insolvency: What to Do Next

Insolvency can be a tough time for you and your business. Just the terminology itself can be intimidating and unnerving. But it doesn’t have to be and there are ways of making the process transpire as smoothly and pain-free as possible. Business insolvency is legally defined as a company which is unable to pay its debts. This can be either one of the two; the company is unable to pay debts as they fall due, or the company does not have enough assets to cover its debts.

Insolvent business

If your company is facing insolvency and you are struggling to pay your debts, help is available.…

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The Art of Business Investment: How to Establish a Warehouse and Viable Logistics Operation

There is a genuine sense of optimism around small businesses in the UK at present, and this positive sentiment is encouraging entrepreneurs to spend higher volumes of capital. This trend is prevalent across multiple areas of business, with small and medium-sized businesses forecast to spend an estimated £8 million more on technology alone this year than they did in 2013.

Warehouse solution

The technology spend is expected to increase across software, outsourcing and office equipment, especially in the fields of warehouse management and logistic operations. For small business owners that sell and distribute products directly to the consumer market, it is imperative that they invest in a viable infrastructure that can help them to minimise costs and maximise profitability over time.…

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