Employee ownership is one of the most important elements of successful transformations. In fact, it is the number one factor that distinguishes transformational change efforts from others. To understand why, we conducted research across multiple industries to determine what percentage of employees must participate in a transformation to see significant benefits. We found that a…
A limited company is a legal structure used for businesses where one person owns the whole thing. This includes everything from small local shops to large corporations such as Tesco. In some cases, it might even be possible to set up a limited company yourself. Here are our top tips for setting up a limited…
Determine whether your proposed business name is available. If you are looking for a new business name, it’s important to check if it’s already taken. This will save you money, time, and effort. If the name isn’t available, there are ways to find one that is. The easiest way to do this is to use…
Running a business while retired is very different than running one during working hours. There are many things to consider when deciding whether or not to close down your business. Here are some questions to ask yourself about closing down your business: 1. Do I want to run my business while retired? 2. Will I…
Employees are often confused about how to complete the employee statement form. We’ve put together a list of the most common answers and what they mean. The employee statement gives HMRC information about your employment history and earnings over the last six months. You’ll use it to find out whether you’re eligible for certain benefits…
The best way to stand out from the crowd is to make your bid unique. You want to do something different, something special, something that no one else is doing. You must think about how you are going to present yourself. How you are going to communicate with the client? What information will you provide?…
An accountant can help you save money and make sure you pay less tax. They can even give you tips on how to start your own business. Here are some things an accountant does for you: 1. Helping You Save Money If you’re self-employed, you’ll probably spend most of your income on expenses like rent,…
Full-time workers get 28 days of paid vacation. Part-time workers? Full-time employees are entitled 5 days per month. If you work more than 40 hours per week, you are considered a full-time employee. You are entitled to five days of paid annual leave. However, if you work less than 40 hours per week you are…
What’s the difference between a grant and a loan for a small business? A small business grant is often used to help start up businesses, while a loan is usually used to grow existing ones. But there are some key differences between the two. Small Business Grants These are typically awarded to people starting out…
Self funding a business is risky, especially if you are running low on cash before you pay back the loan. The riskiest option is self-fund a business without any outside investment. This is called bootstrapping. A credit card offers high interest rates, so do not take out a personal loan to finance your business. Bootstrapping…