Best business startup ideas

The best business startup ideas: Here’s how to find them

 

If you would also like to go for it and launch a startup yourself, you’ll need good ideas and a ton of organisation. We’ve got some inspiration for both! How do you systematically approach the search for the next ‘big thing’? How have others written their success stories? And...

 

Creating a web store: the cornerstone of seed money

Seed money for your online shop

 

When planning the finer details of your online shop, rushing through your financial plan can lead to chaos. It’s important to be aware of how much money you need to spend, and only an extensive finance plan can provide the necessary security for the development of your web store....

 

Start a side business

Starting a side business

 

Are you planning on setting up a side business and want to know how to go about it? Starting your own side business while working full time is a great way to minimise your financial risk. Test the waters, but first make sure you are legally registered and that you are even...

 

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...

 

Declaration of intent

Declaration of intent–what’s behind it?

Shopping for bread at the bakery, grabbing a coffee at the station, ordering online: Every day, we get involved in legal transactions, and each time, we enter a declaration of intent. From a legal perspective, the process covers many different aspects. Which elements belong to a declaration of intent, and what types exist? We’ll explain the meaning of a declaration of intent with some examples.

Business permits for start-ups

Starting a business: entrepreneur vs business owner

Starting a business can be a dream come true for many entrepreneurs. Once you’ve decided on the right legal structure and told HMRC about your plans, you may think you’re ready to get going. But depending on the type of business you operate you may have to apply for a licence or permit to sell goods or services. Here’s what you need to know.

Guarantor

What are guarantors?

Getting a loan sometimes doesn’t work out because the bank is not certain that the applicant can afford the instalments. A guarantee helps secure this. But what is a guarantee ? It gives a creditor additional security for an agreed payment: in an emergency, the guarantor pays the amount owed. This can be a private person, but also an insurance company or a bank, for example. What exactly is a...

Register as a sole trader

How to register as a sole trader

It’s easy to become self-employed in the UK. All you need to get started is a business idea and a bit of courage. The one-person business does require registration with the HMRC and there are a few other requirements you will need to fulfil. It’s important to understand the risks and costs that could arise when you’re registering as a sole trader.

What is a sole trader?

The sole trader: Everything a business founder should know

Sole traders or sole proprietors are the most popular business form in the UK. Compared to other enterprise structures, the set-up costs are low and start-up funding can be low depending on your business. Registering as a sole trader makes it easy to become self-employed. However, if you’re planning to start your own business, you should be aware of the steps and risks involved.

Start social enterprise

How do you start a social enterprise – a manual

Starting a social enterprise can be a great way to give back to the community or support a cause that you are passionate about. More and more charitable start-ups are considering the business structure because of associated benefits such as limited liability protection, a flexible company structure, tax breaks and access to certain forms of finance. But if your annual business income exceeds...

What is social enterprise

Social enterprise: What is it and how does it work?

For social entrepreneurs and individuals looking to start-up their own social or charitable companies, choosing the right legal form for their business matters greatly. Registering as a charity or charitable incorporate organisation (CIO) offers plenty of advantages including tax exemption, limited liabilities, access to grants and the prestige of a formal structure. But what exactly is a social...

Choosing a Company Name

How You Can Choose the Perfect Company Name

Finding a company name has caused many a headache: How can you choose a name that’s compelling and imaginative, and at the same time succinctly describes your line of business? What’s more, it needs to comply with legal requirements. We explain how to choose an ideal business name and what you should keep in mind.

Applying for UTR

Applying for your UTR: A step-by-step guide

Whenever you have contact with HMRC for tax reasons, you are required to provide a tax identification number, known in the UK as your UTR number. It can seem like a lot of administrative work to apply for a UTR, but just give yourself a bit of time, and you’ll crack it! Here’s a step by step guide to getting for your UTR.

Get Started

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.


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