We reveal the tips to sell your garments effectively to maximise profits. Adam Breeden is the 42 year old entrepreneur who is the brains behind a host of hugely successful social entertainment venues, including All Star Lanes, Bounce Ping Pong - and now, HiJingo!. It's the million-dollar question facing all parents - how best to balance work and family commitments. While there's no silver bullet, self-employment is an often-overlooked option, yet one that can provide flexibility when you need it most, says communications consultant Laura White.
She tells her story of setting up her business after her daughter was born and gives tips for others. Millions of small businesses are losing out on growth in their early years as owners grapple to understand regulation and struggle to keep adequate financial records. The Spring Statement brought a crackdown on late payments that affect four out of five small businesses. The government is being urged to delay the Making Tax Digital programme amid fears that businesses won't be ready to meet the 1 April deadline due to lack of understanding and high costs of compliance.
According to figures from the Office for Budget Responsibility today, just 37, businesses have signed up. However, by the end of April this is predicted to rise to around , The simple fact is anybody can be a successful entrepreneur. People from all walks of life can tread the path of creating a successful business but it depends on your approach. We take a look. The typical Briton is subscribed to at least two online services covering everything from film, music and car hire to socks, pills and dog food services, research shows. The likes of Monzo and Starling Bank have soaked up a lot of attention in the fintech space, but there's a new player that appears to be taking the business banking sector by storm.
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A no-deal Brexit is likely to cause a spike in legal claims against directors of listed companies if those in charge are deemed not to have adequately prepared, experts have warned. Entrepreneur and start-up mentor and investor Andy Yates shares five tips any new business needs to survive and thrive in a competitive market for investment. They are designed to address the challenges stemming from the rise of the gig economy where businesses and organisations rely more on short-term contracts or freelance staff than they do on permanent employees.
A crackdown on off-payroll working is designed to stop workers and companies dodging national insurance, but entrepreneur John Steele says it could limit his firm's expansion. Wix has launched 'one stop shop' Ascend, which cuts out the need for entrepreneurs to hire expensive website designers and boasts 20 tools to help market websites more easily. These loan deals are can be quite loose in structure and allow the recipients to make repayments once the business has generated some reasonable inflows.
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While low-key activities like a game of pool or even a pub visit may suffice for some companies, there is value in offering more thrilling and novel experiences to help a team bond. How can I know if an institutional lender, high street bank, challenger or alternative finance provider is right for me? Chinaware store Govier's, which opened in Sidmouth in , is expected to close by the end of the year. Owner Alan Morgenroth says high business rates are partly to blame. Eighteen months ago, changes to rates led to higher bills for more than half a million shops, restaurants and pubs, and many say a relief package has not worked,.
With just over two weeks to go until the Budget, Philip Hammond was urged to create a 'level playing field' for regular shops as they face an onslaught from online giants. Money can be tight in the early stages of running a business so anything that helps to cut costs would be a God-send for many budding entrepreneurs. The need to hire talent is a good indication that your business is scaling up, but entrepreneurs looking to make new additions should proceed with caution. Making a dud hire could inhibit your firm's growth and firing an employee can be a headache as you'd have to dedicate even more time and resources to that and finding a replacement.
We get a top recruiter's tips. A lot has been said about actions employers can take to close the gender pay gap, but one business owner has claimed to have cracked it. Here's how he did it. Nearly half of independent retailers blamed the lack of a local bank branch for poor trading - and a significant third of owners said they are considering shutting up shop to go online. Our Start-up Doctor Andy Yates, a successful entrepreneur and angel investor, explores how entrepreneurs can raise cash for their start-up.
My relationship with my wife has unfortunately broken down beyond repair and we've agreed to get a divorce - although nothing has been signed. I've been running a graphic design business as a sole trader long before meeting my partner and she has not contributed a single penny to it, could she still get some of the assets? Only a third of people who work for themselves said they would stay auto-enrolled in a pension, while a quarter would quit and the rest don't know, a survey by a trade body found. The campaign for justice for the small and medium sized enterprises SMEs bullied into submission by the Global Restructuring Group at RBS has come to a shuddering halt.
Business cash advances have emerged as a popular funding avenue for small business owners - particularly those who have been denied a bank loan. But they shouldn't be considered a silver bullet for poorly funded firms. We take a closer look.
Admit it, there has been a point in your career where you've felt you're not being paid enough. We ask James Reed of reed. In our regular series, Andy Yates, successful serial entrepreneur and angel investor, gives start-ups and growth companies tips and advice on how to overcome challenges and achieve their goals. Find out what monthly payments would be on a loan and the total cost over its lifetime, where interest is charged monthly. For all you budding entrepreneurs out there, the good news is that it has never been easier and cheaper to start a business in the UK.
And it's far better to bootstrap your business than have to give it the boot because you run out of cash. So here are some golden tips money-savvy, and money-starved, entrepreneurs can't afford to ignore. I've started up a small business as a sole trader.
If something goes wrong and it doesn't work out will I be personally liable? Are my family home and savings at risk if I ever face legal issues? Entrepreneur and start-up mentor and investor Andy Yates shares five tips any new business needs to survive and thrive. Whether or not you choose to allow your bank to provide access to your information to a third party - such as a budgeting app for example - it always pays to do everything you can to stay safe online. A good pitch could land you the backing of an investor who can help get your business off the ground, while a bad one is likely to leave you with your tail between your legs.
I run a small digital marketing business and a couple of my regular clients have asked if they can pay their invoices in bitcoin. Can I even do this? Perks such as a dental plan, flexible working times and a bumper holiday allowance can coax skilled workers to turn their backs on big corporates and help you to scale your modest enterprise. How we can help Contact us. Toggle Search. How this female founder turned her passion for dance into a business - and why she banned men from investing Bonnie Lister Parsons, founder of dance school Seen on Screen explains why she didn't want any male investors in her business and how being a dancer helped to prepare her to become an entrepreneur.
Can you really make a six figure salary through direct selling? Here's what you should know about the industry before signing up Some claim you can make millions from direct selling while others compare the industry to a pyramid scheme. Here's our guide Here's our guide. Meet the man who's bedded F1 drivers, cricketers AND Harry Kane: We find out how Mammoth's founder built a mattress business helping sports stars and those with bad backs sleep better Mammoth has been going for 10 years, quietly but determinedly growing its mattress fan base among the world's sports elite and those needing better sleep.
Most of Britain's small businesses want to grow, so the next Prime Minister should back their optimism and help, says EMMA JONES Small business leaders are optimistic about the future of their firms' growth - in spite of ongoing political uncertainty in the corridors of power. Could you list your business or home as a venue to earn cash? Start-up Cajoot aims to make it easier to find a space to hire for events Independent restaurants, shops and cafes are often left in a conundrum about what to do with the extra space - Alexandra Hoppe, pictured, believes she has the answer.
From selling vape products to creating a senior dating website Profits with purpose: Meet 10 entrepreneurs who say solving the world's toughest problems and being green is as important as making cash Pollution, health, waste and joblessness - start-ups globally are finding solutions to the world's toughest problems and making money too.
Could this replace sugar and sweeteners? We need to change the financial landscape for female entrepreneurs and backers, says angel investor trade boss JENNY TOOTH In spite of a number of high profile female business angels the gender balance in the angel investment community is off, with women making up just 14 per cent of investors.
The entrepreneur getting fans together to watch sports for free on giant screens For those who can't bag a ticket to a major sporting event but do want to watch en-masse, there is another increasingly popular option - a public big screen. How important terms and conditions are - and how to check if yours are up-to-scratch Just because a set of terms and conditions are in the small print of a contract does not necessarily mean they are binding. Dubbed the Airbnb of campers, Camplify is helping Britons explore the great outdoors We have NOT reached 'peak gin' yet claims Brockmans founder who is convinced that Britain has years more 'ginnovation' in it yet The UK is in the midst of a 'ginaissance'.
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Investing in Renewable Energy: Making Money on Green Chip Stocks (Angel Series)
Keeping business in the family! Meet the brother and sister in-law founders of granola brand Spoon which won the backing of Dragons' Den investors Building a start-up is risky at the best of times, but going into business with your girlfriend's sister poses a unique challenge for an obvious reason: What happens if the relationship breaks down? From helping businesses to better service customers using data to VR technology: The Great British Entrepreneur Winners revealed Our quest to find some of the most promising entrepreneurs and businesses across Britain has reached a successful conclusion.
Who's in the running to win the Great British Entrepreneur Challenge? This year's finalists revealed The Great British Entrepreneur Challenge has been bigger and better than ever in and after a flood of entries, we are proud to announce the shortlist of start-ups who've made the final. From ruck to beer truck!
Ex-Saracens players set up a microbrewery after retirement - and Wolfpack is now in pubs nationwide In spite of fierce competition, two former Saracens rugby players Alistair Hargreaves and Chris Wyles created a thriving microbrewery business in London. Warning for small businesses over invoice scams: Staff being tricked into making payments straight to fraudsters One in seven small-to-medium sized firms in Britain has fallen victim to an invoice scam in the last 12 months, according to Barclays.
Do you need a better bank account for your start-up? We list the best small business current accounts with interest overdrafts and bonuses At their simplest, business accounts simply offer a cheque and paying-in book. Baffled by working out your tax? Five of the best accounting software tools for freelancers and small businesses It was once commonly accepted that if you were a small business, there was a simple choice between splashing out on Sage or QuickBooks.
Should you hire a consultant to help you grow your business? We look at what they can offer Is it a good idea to shell out for someone else to tell you how to run things? Leaving work to go it alone? Our guide to the pros and cons of freelancing Although there are positives to being self-employed, there are also pitfalls.
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Our guide to the pros and cons of freelancing. Which is the best mobile card reader for your small business? Four of the best gadgets for taking payments compared To maximise profits made during the peak Christmas trading season, small businesses need to take card payments. I want to find out what my business is worth to maybe sell it in the future, where do I start? How to get your business idea off the ground and win customers: We get Innocent Drinks founder Richard Reed's start-up tips The story of Innocent and how three founders got it off the ground is a classic of 21st century British entrepreneurship.
Meet the Dutch Willy Wonka making ethical chocolate: As Tony's Chocolonely launches in the UK, we speak to its 'chief chocolate officer' Tony's Chocolonely wants to increase consumer awareness around child slavery in chocolate production and challenge the industry to embrace socially responsible principles. Can you really walk your way to wealth? From flight to fight! Would you eat salmon skin crisps? Is your small business ready for the Make Tax Digital leap?
One third of firms still write down expenses and keep receipts in a bag What small businesses need to know. Crackdown on late payments that close 50, firms a year: What the Spring Statement means for small businesses The Spring Statement brought a crackdown on late payments that affect four out of five small businesses. Budget watchdog predicts huge last minute surge in firms going digital with tax - as business body urges the rollout deadline to be delayed The government is being urged to delay the Making Tax Digital programme amid fears that businesses won't be ready to meet the 1 April deadline due to lack of understanding and high costs of compliance.
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Who wants to be a successful entrepreneur? Take our quiz now to find out The simple fact is anybody can be a successful entrepreneur. We've become a nation of subscribers, from holidays to films, medicine to socks: here's why it's booming and investors love the model The typical Briton is subscribed to at least two online services covering everything from film, music and car hire to socks, pills and dog food services, research shows. Company directors could face legal claims and fines for failing to adequately prepare for no-deal Brexit A no-deal Brexit is likely to cause a spike in legal claims against directors of listed companies if those in charge are deemed not to have adequately prepared, experts have warned.
How to beat the odds and other start-ups to win investment: Five secrets to raising money for your business Entrepreneur and start-up mentor and investor Andy Yates shares five tips any new business needs to survive and thrive in a competitive market for investment. Chuck Saletta, AOL. There's an old saying about making money that "the first million is the hardest. Eye-rolling aside, however, it's instructive to examine what it takes to reach that first seven-figure milestone using specific dollar amounts and investing returns.
And it's really fascinating to see how quickly one can get to that second million-dollar mark. Let's start with what you've got and see how far it can take you. Everyone Plays by the Same Rules There are three key tools at your disposal to help you build wealth.
They are:. For that first tool to do you any good, you need to be willing and able to structure your life to have cash available to invest in the first place. Obviously, heirs and Facebook founders have a good leg up on the rest of us in terms of cash on hand. But we've all got to start somewhere. So see what you can scrounge up. For the other two -- well, it almost goes without saying that the more you've already got socked away, the more these factors help get your fortune growing. While that rate of return may sound a bit steep, if it comes in the form of 6 percent growth and 2 percent dividends that are reinvested, it starts looking more attainable.
Absolutely key to your success, though, is an "all of the above" approach: Invest the cash, let it grow, and reinvest the dividends along the way.
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The chart below shows how the three work together: Source: Author's calculations. Here, again, you see the "all of the above" approach in action:. The cash you add to your nest egg does much of the work to get you started. Your first million in this scenario takes a few decades to reach. That second million? It takes less than one decade. Fortunately, you probably don't have to come up with that full amount from your own pocket to put that kind of cash to work for you.