Archive for the ‘Running a business’ Category

Do I need a Business Partner?

Thursday, July 13, 2017 9:29 1 Comment

Business Partners can be a help to every business from start-ups to established companies. A Business Partner will: Bring additional or complementary skills Have ideas that when added to your own create new opportunities Provide support and motivation when times are tough Share the workload May have contacts and some funding to grow the business [...]

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Once you have a business idea how quickly should you start it?

Monday, April 10, 2017 11:23 2 Comments

Business ideas are like freshly buttered warm toast, they look wonderful. But if put to one side for long enough they get cold, stale and uninviting. The first surge of excitement at discovering an opportunity needs to then have action to build a momentum, which in turn drives further action. If the initial process of [...]

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Fed up with working for someone else?

Monday, January 23, 2017 14:13 2 Comments

Working for a company can bring security (less now than in the past) and for those that are fortunate, job satisfaction. However it also can bring the stress of not being in control of your own destiny and there is nothing like creating your own business, perhaps following a passion and using fully your skills. [...]

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Should you have a Business Partner?

Thursday, December 1, 2016 17:04 No Comments

Running a business is a lot easier when you have a business partner to share the highs and lows, as well as all the work. You may of course have all the skills needed for your business, but have you the time? Or are there some areas that you love doing and excel at, but [...]

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Small business marketing ideas

Tuesday, May 17, 2016 10:21 1 Comment

Small businesses can have great products and services but struggle to get sufficient customers to allow them to expand. Often this is because the owners of the business are too busy dealing with day to day activities to have time to plan or initiate the marketing activity. Yet it need not be an overly arduous [...]

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Good reasons for the use of Business Angel investment

Wednesday, March 30, 2016 11:30 No Comments

One of the key bits of information that Business Angels or Investors into a venture will want to see is how the funds are going to be used. I’ve seen every possible use given, from the perfectly sensible – “product development”, to the unlikely to succeed – “no one will lend to me any more [...]

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Business Partner pitfalls and how to avoid!

Monday, February 15, 2016 10:45 No Comments

Having a Business Partner can be a great benefit. They bring additional skills and resources, you also have someone to bounce ideas off and to share the stress & risk. But in some cases the partnership can go wrong. Occasionally it is because there was not enough due-diligence in checking the background of the potential [...]

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What Type of Business Partnership Should I have?

Tuesday, January 5, 2016 11:59 No Comments

Every enterprise that isn’t a sole trader will have people who are working together as partners to drive that business towards its goals. This can be in a business that is registered as a legal partnership (see below), fellow directors of a company, or at its most simple just 2 people working together with no [...]

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Make your business scalable – the Investor holy grail

Thursday, November 12, 2015 12:09 No Comments

Firstly let me say what I mean by scalable. That each new customer produces additional revenue for very little addition cost. Think of software for example, once the costs of developing and producing the first copy are met, each additional sale of the software has minimal costs.  Whereas a service orientated business such as consulting [...]

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The difference between a Business Partner and an Investor

Friday, August 21, 2015 16:59 1 Comment

Company Partners provide access to both Business Partners and Investors so what is the difference and when would you have one but not the other? Certainly an Investor is a business partner of sorts and can bring many of the benefits of a business partner. A Business Partner could in some circumstances end up investing [...]

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