Why Micro Business Owners Undervalue Their Worth & What To Do About It

The small canteen was normally empty at this time of day. I sat at the table and started eating my lunch. It wasn’t long before the door opened and in walked one of the owners of building where I rented an office. He got a drink and sat down in front of me. We’d not […]

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 […]

10 Tax Advantages of Home Working: James Bond Style

Imagine you’re James Bond… You’ve dispatched the Bad Guys, and now you’re setting up shop on a tropical island, offering spy services. Judi Dench has promised you some referrals, you’ve got a brand new office in a corner of your grass hut, and of course, you’re a sole trader. No limited kind of company for […]

How to expand your micro business and keep your sanity intact

Running a business is hard work, whatever size you’re at. Even more so if you’re a burgeoning one, eyeing or going through expansion. Speak to many an entrepreneur and they’ll likely tell you that in the growth stage you’ll be working in some shape or form 24/7.  They’ve got a point. As that god awful […]

Three Inspirational Micro Business Expansion Tales

It can be hard to be positive about business in the current climate. Read a paper, turn on your TV or tune in your DAB, and you’ll likely be greeted with a mass of doom and gloom, especially where business is concerned. It can all be a bit bleak. As these three start up success […]

Seven Tips For Managing Expansion Successfully

So you’ve formulated a business plan, chosen your company structure and raised the cash needed to fuel your micro businesses growth. Expansion is in sight. All that was tough enough but it’s just about to get trickier…now you’ve got to actually manage the process. In many ways it’s a balancing act. Should you be overzealous, […]

How To Choose The Right Business Structure For Your Micro Business Expansion

Expansion can prove a considerable burden on your finances, a litany of funds often needed to fuel growth and ensure that your business is capable of coping with new capital outlays. Regardless of whether you’re bootstrapping, or whether you’re actively seeking external investment, the structure of your business will have an impact upon the amount […]

How To Construct A Business Plan To Achieve Your New Year Expansion Plans

First off, Happy New Year and congratulations for surviving all those armageddon based predictions. Can’t believe I bought into that nonsense. I’m not sure about you, but with my renewed lease of life and a fresh new year, I’m filled with renewed optimism and hope that the perpetual credit crisis will begin to alleviate. Moreover, […]

What To Do If Your Cash Flow Has Dried Up?

It’s all too easy to think that if your business is bringing in sales, it must also be earning cash. Sadly this is often not the case. There are bills and taxes to pay, and you may find your customers don’t always pay you when they should – and this can easily lead to your […]

Here’s What To Do If Your Outgoings Exceed Your Incomings

It’s very easy, when you’re running a business, to fall into the trap of spending more than you’re earning. The little costs, like software packages, trips to visit clients or attend networking events, small gifts for your customers, as well as the overheads of running your business such as internet connection and heating for your […]