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Articles & Books From Colin Barrow
Get well on your way to business success Starting & Running a Business All-in-One For Dummies is a treasure trove of useful information for new or would-be business owners in the UK. This comprehensive guide will help with every part of starting your own business and keeping it running. Generate great business ideas, navigate legal considerations, finance your new business, create a solid business plan, and spread the word through marketing.
Cheat Sheet / Updated 08-02-2023
So you've decided to start running your own business but are at a bit of a loss when it comes to some of the basics? Here, you find useful breakdowns of everything from how to plan, run, and most importantly, profit from your new and exciting venture.Key considerations for starting a businessRead these useful tips to get an idea about what sorts of questions you should be asking yourself as you consider setting up your own business:
Get everyone involved in setting goals and objectives.
With the economic impacts of Covid-19 and Brexit, starting a new business in the United Kingdom is more complicated than ever. But don't let that stop you. This newly updated guide has all you need to navigate the journey, including practical business plan templates, information about new sources of finance and grants, and real-life examples of businesses that survived and thrived during the pandemic.
Having an understanding of your company's finances is crucial for both small business owners and corporate managers with budget responsibilities. Understanding Business Accounting For Dummies simplifies the key elements of UK business accounting, covering everything from evaluating profit margins to writing financial reports.
Cheat Sheet / Updated 03-09-2022
Getting a business off the ground may not be easy but it can be great fun, especially if it gets off to a flying start. This cheat sheet serves up key ways to make sure that your business gets the initial boost that it deserves.How to create great business plansBankers and other people reading business plans see hundreds of them every year.
Article / Updated 03-26-2016
Growing your business requires that you generate possible options and then make decisions as to which of those will work best for your business. Here are the tools most commonly used to help you set out the options.
Ansoff’s Growth Matrix
Igor Ansoff, while Professor of Industrial Administration in the Graduate School at Carnegie Mellon University, published his landmark book, Corporate Strategy (1965), where he explained a way of categorising strategies as an aid to understanding the nature of the risks involved in them.
Article / Updated 03-26-2016
Calculating the VAT (Value Added Tax) element of any transaction can be a confusing conundrum. By following these three simple steps, you can get the sum right first time:
Take the gross amount of any sum (items you sell or buy) – that is, the total including any VAT – and divide it by 120, if the VAT rate is 20 per cent.
Article / Updated 03-26-2016
A business doesn’t have to do all the activities that it wants to carry out, from creative design, through manufacture, to selling, out of its own retail outlets. Other businesses are almost certainly better at elements of the process. For example, most businesses don’t sell the products they manufacture, and even within the same industry companies take different approaches.
Article / Updated 03-26-2016
Preparing your business plan is a key stage in launching your business successfully and objectives – sales and profit targets, for example – are the measurable element of your plan. Management by objectives (MBO) is a management system in which the objectives of an organisation are discussed and agreed on so that everyone in the organisation understands the way forward and their role in the task ahead.
Whether you're buying a second home or looking to invest, the smart money is heading to Eastern Europe. Plan every aspect of your property investment with this expert guide that walks you step-by-step through the property market in 14 countries and helps you weigh up the rewards and the risks of choosing one location over another.