Category

Starting a Business

Advice on how to start your own business, with guides to help you plan, develop and finance a start-up company, plus recommendations on registering the business, its legal structure and finding financial backing for growth. Whether you are just beginning or have already taken the first steps and want to keep everything on track, our expert articles will give you the knowledge to help lead you to success, whilst maintaining a good work-life balance.

Starting a business can initially seem daunting, but with good support and a strong idea you can quickly pass through the key stages of the setting-up process and be able to launch your company with a solid foundation.

Topics covered include: regulations and requirements for company owners, finding and selecting the professional services you may need (such as banking, insurance, accountancy etc.), legal structure options (self-employed person, sole trader, a partnership or a limited company), business planning, UK start up funding sources and finding your first customers.

How to become a driving instructor

Do you want to become a driving instructor? Here we explain the need-to-knows such as what the tests entail and franchise vs independent

Business Ideas & Planning

Sole trader

Setting up as a sole trader – a business is born

Setting up as a sole trader is the preferred option for many businesses starting out. James Johnson guides you through what to do

Sole trader

How to become a sole trader

Setting up as a self-employed sole trader is a simple way to start a business. In this guide, we show you how to do it.

Business Ideas & Planning

Should I go sole trader, partnership or limited company?

We explore different types of company formation – sole trader, partnership, limited liability partnership and limited company

Sole trader

What is the definition of a sole trader and being self-employed

What does it mean to be a 'sole trader'? Is there any difference between a sole trader and being ‘self employed’?

Advice

Starting your own currency brokerage firm is a horrible idea

Sole trader

Tax advantages of a limited company versus sole trader

Haydn Rogan explains the tax advantages and disadvantages of status as a limited company and as a sole trader.

Advice

How to start your own coffee shop

Fancy opening your own coffee shop? We explain what you need to know about cash flow, hiring staff and of course, finding the right coffee.

Setting up a company

Forming a company: Choose your trading type

Joanne Harris of accountants Nixon Williams shows you the different options when it comes to setting up on your own and working for yourself

Business Ideas & Planning

How to get more from your business plan

Is your business plan gathering dust in a draw somewhere? Here’s why it’s time to adopt a fresh approach that will inject new life into your enterprise

Advice

Tips on running a B&B

What should I know about running a B&B?

Business Ideas & Planning

Five successful small business ideas for 2021

James Birch of Colour Graphics shares the five most successful business ideas to launch in 2021, including businesses you can run from home

Accounts & Tax

5 most common tax mistakes when you’re self-employed

Getting on the wrong side of the taxman can be extremely unpleasant and costly. Simon Thomas offers 5 tips to help you stay out of trouble

Sole trader

Childcare support if self-employed

I have set up my own business after the birth of my daughter. It was impossible, due to an inflexible employer, to continue in employment. I would like to know if there are any childcare voucher schemes available to self-employed parents similar to those offered to employed parents?

Partner content

Can businesses save money on CBILS repayment costs by refinancing for a RLS loan?

Your business could save money on CBILS repayments by refinancing for an RLS loan – Funding Options tells us how

Partner content

How to grow your team

Andrew Walsh, founder of AW Repair Group, takes a look at some of the key issues that small businesses face as they scale up

Partner content

How to build your business

Andrew Walsh, founder of AW Repair Group, explains why you need to invest in your branding – even if you're a small business

Partner content

Embrace your unconventional superpowers

Brij Thankey, CEO of Precision FM, explains how taking focus away from the numbers and putting it on his team has benefited his business