Company mission, vision, values

Mission statement vs. vision statement

 

Even if prices are raised and there are more affordable alternatives on the market, we will often continue to buy products from the same brand. The reason for this is the same as explaining why we always choose to fly with the same airline or get our coffee from the same place:...

 

Business plan creation

Writing a business plan: here’s how to plan your venture

 

Before a business idea can be implemented, it is necessary to create a business plan. This serves as the founder’s roadmap, and summarises all necessary information about planning and finances. However, the business plan is also highly relevant for investors as well as potential...

 

What is a small business?

Small businesses, explained

 

According to the Her Majesty’s Revenue & Customs (HMRC), a small business is a privately-owned and operated business with a small scale of trade and a small number of employees, depending on the industry. Small businesses are commonly referred to by the European term “SME” which...

 

Blue Ocean – more success with the right strategy

The fight for significant market shares is particularly difficult for young companies. But even large, established companies can’t be successful in a market that’s going nowhere. In order to increase your profits sustainably, you should leave the competition behind and open up a completely new market. The Blue Ocean Strategy reveals how you can achieve more success with innovations.

An overview of the different business structures in the UK

The business structure determines a business’s legal aspects. It regulates the relationship between partners and shareholders as well as their relationship to the state and the environment. Here, we provide an overview of the most common business structures in the UK and explain what you should bear in mind when choosing which legal entity is right for you.

Establishing a limited partnership: liability, costs, and more

A limited partnership is an attractive business model for people looking to start a commercial sector enterprise. It enables shareholders to reap the successes of a business without having to participate in management. Under what circumstances can a limited partnership actually be formed? What should future shareholders bear in mind when setting up a limited partnership?

What is a limited partnership?

When two or more people join together to operate a business, they often choose a limited partnership as their legal structure. Whilst it is fairly simple process to start a limited partnership, provisions regarding liability can sometimes pose major challenges to shareholders. Whoever enters into a limited partnership doesn’t just take over a part of the management duties, they also become...

General partner in a limited partnership: both managing director and general partner

All the risk, but all the freedom – this is one way you can describe being a general partner in a limited partnership. Whilst the other shareholders are “only” reliable for their own capital contribution, the general partner is liable with their total assets. Being a general partner comes with additional special rights – they are the only ones entitled to manage and represent the company.

Limited partner: definition, rights, and duties

If several people or entities want to operate a commercial business together, their first step is finding a suitable legal form for their business. An interesting, common solution is a limited partnership. This is comprised of general partners, with unlimited liability, and limited partners, with limited liability. How is liability regulated amongst limited partners? What rights and obligations...

Elements of a business plan

There are a number of very important tasks involved with starting your own business. In order to do these tasks justice, it is absolutely necessary to create a business plan. This should always be done in writing. But what are the contents of a buiness plan, what functions does it fulfill, and what is its structure like? We provide a complete overview for all prospective business founders.

Earn-out when purchasing a company: guaranteed success or cause for conflict?

Buying a company is costly and risky. An earn-out clause in the contract reduces the risk for the buyer and creates a monetary incentive for the seller to support the new direction. This is because the earn-out promises a fluid, profit-orientated adjustment to the purchasing price in addition to the basic amount. However, this option has its pitfalls. If you want to use the earn-out model...

Registering as self-employed

What constitutes as self-employed? Who needs to register themselves? And how does the process work? Registering as self-employed in the UK is quite straightforward, but to give you peace of mind, we take you step-by-step through the process as well as explain what the Self Assessment tax form is and when it needs to be filled out.

Registering your business: the steps you need to take

Running your own business can be a challenge, as well as highly rewarding. Having to deal with paperwork often seems like a necessary evil, but preparing yourself for individual steps can help break it down. Registering your company need not be stressful – we’ve got a guide here on how to register your business to help you along the way!

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Starting a business can be challenging. In this category, prospective entrepreneurs will find everything from coming up with a sustainable idea and creating a strong business plan, to funding, legalities, and the key steps required to get a project off the ground.