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.…

Continue reading →

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.…

Continue reading →

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.…

Continue reading →

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.…

Continue reading →

Which Services Can a Taxi Company Outsource?

Outsourcing is a great resource for any growing business. It provides you with the extra facilities required to be able to take care of all of your company’s needs, even if you don’t have the resources to do so on your own. Done properly, outsourcing can save you both time and money, permitting your company to grow, expand and flourish.

Taxicab in San Francisco

This holds true when you run a taxi company. In rapid growth periods, outsourcing will enable your taxi business to keep up with additional or unexpected demands on resources. It can also help you to improve efficiency by outsourcing specific services to highly experienced providers, which can also ensure a greater degree of operational control.…

Continue reading →

Help to Make a Decision on Creating a Mobile App

Creating a mobile app can be of great benefit to a business, both in terms of attracting consumers and increasing productivity, but there are a few things for you to consider before jumping in and developing your own; namely how much it will cost in both time and money, how the app will relate to your customers, and how it would be used internally, as well as the logistical elements involved.

Mobile apps

Mobile apps can help businesses relate to their consumers; display content, products and services; provide sales support and promote themselves, as well as being used by employees. However, it may be costly and time-consuming to develop and maintain your own app, for example, or you may find that the market is already saturated with similar ideas.…

Continue reading →

Payroll Doesn’t Have to Be a Chore

Business owners may find that some of the more routine tasks they are required to undertake are also some of the more tedious, and payroll and wage administration can be one of those selfsame tasks. Nonetheless, the administration of payroll, even if the business is a one person operation, is essential from both a regulatory and legal perspective. It also makes sense to streamline payroll from an efficiency point of view.

Payroll and tax forms

Contractor pay solutions can take the difficulties out of payroll for business owners. By outsourcing payroll administration, a business can remove the difficulties for itself of tracking different wage systems and associated costs.…

Continue reading →

Four Ways to Improve your Business’ Eco-friendliness

Offices contribute to over 3% of global emissions and cause 1.54 gigatons of greenhouse gases to escape into the atmosphere each year. In order to make positive changes to the environment, it’s imperative that businesses start taking eco-friendliness more seriously.

Reducing your carbon emissions won’t just help the environment, it will also reflect positively on your finances. Less emissions means less bills, which in turn leads to greater profits. In addition, as more consumers begin to acknowledge the importance of protecting the environment, it could lead to more customers.

If you’re looking for ways to improve eco-friendliness around your office, consider taking these four simple steps.…

Continue reading →

Keeping Up with Business Regulations

It is of vital importance that you stay up to date on business regulations in your sector to keep pace with new rules and practices. Compliance with business regulations should never be compromised because there can be serious repercussions for a company if it is discovered that there is a lack of compliance.

Business regulations

Failure to comply with regulations can result in huge fines in some industries, and compliance is important from business start-up through to sale. If a business is found to be ignoring some part of business law it can result in negative publicity that can damage a business image and brand permanently.…

Continue reading →

Business Lessons You Don’t Need to Learn the Hard Way!

There are several lessons that business owners throughout history have already learned for you.

Why would anyone readily agree to learn these lessons the hard way?

Business lessons

1. Niche Selection: Pick One You Actually Understand

Like Tony Robbins has famously said many times “find something that gets you outta bed early and keeps you up late at night.”

That’s the first step. You also need to have intimate knowledge of your chosen niche industry – the products that sell, positives and negatives that will affect a successful operation, and most important: the types of customers you’ll be serving.

Even venture capitalists who make a dozen deals a week still make sure they know the industry they’re investing in, or have a trustworthy expert at their side advising them on the nuances of the business.…

Continue reading →