Can you really run your own business?

What sort of person are you? Do you like to act on impulse or do you normally consider all the angles before making a decision? If you belong to the first category, no doubt you have enjoyed the fun and the excitement of doing something on the spur of the moment. However, if you want […]

HMRC’s Good News for Micro Business Owners

Keeping up with changes in the law which affect micro businesses is not always easy. Today I want to highlight some good news which is mainly available to self-employed individuals. You may not be aware that accounts and your Self-Assessment Tax Return should always be prepared on what is known as an “accrual basis”. This […]

What Is Good Value For Money?

I heard the expression “value for money” for the first time nearly 30 years ago. Since then it has always been important for me to give value for money and to ensure I get value for money. The expression means different things to different people. To understand people’s views on the subject I started a […]

How To Set The Right Price For What You Sell

When running a micro business what do you think is the most important factor in determining the level of business needed to make a success of it? Simply put it’s your “Breakeven point”   What is a Breakeven Point? A breakeven point is the point at which all costs are covered. Anything above that is […]

Do You Think Like an Entrepreneur?

Opportunities never end, and often opportunities may come your way when you least expect them. You may be on the train, or watching the news, or interacting with someone. Have you ever heard any of the various stories surrounding the invention of the cat’s eyes? Apparently children visiting the factory where cat’s eyes were made were […]

3 Rules For Being Radical In 2013

Is it time for radical thinking? In business we tend to make decisions based on experience, tested methods and empirical knowledge. Empirical knowledge comes from observation only. Even though we may not know exactly what causes a reaction to a given event, we have observed it so many times that we have become used to […]

6 Tips for Successful Micro Business Sales

Have you ever seen an item in a shop that was incorrectly priced? When I was studying law I learnt that a shop owner can accept or refuse to sell the item to you, you cannot force the shop owner to sell. In contract law this is called offer and acceptance.  The buyer is making an […]

Top 5 Qualities of a Successful Micro Business Owner

I think you will agree with me that doing business in the current climate is different from the perception we used to have. Words such as “recession”, “business failure”, “Insolvency” and so on seem to be recurring in many news articles and discussions. However, to some extent, the ingredients needed to run a successful business […]