The advantages of buying an existing business

In our previous piece, we examined what you should look for in the brand of an existing business that you’re interested in acquiring, outlining three key elements of branding that you should consider when you’ve made up your mind to buy a pre-existing business.

In this week’s blog, we’re going to go slightly earlier in the acquisition process, and discuss some of the advantages that buying an existing business has over starti... Continue Reading

Buying a pre-existing brand? The three things to look for

There are numerous upsides that can make buying an existing business more attractive than starting one up from scratch.

For one, there’s less risk and less work. Buying a pre-existing business gives you instant access to an income, a customer base, a client list, contacts and a trained workforce. From the moment you come in, you can start to focus on growth.

One that is particularly attractive, especially in today’s... Continue Reading

What will the election result mean for your imports and exports?

Continuing our series examining the potential impacts of last month’s stunning election result on small businesses like yours, in this piece we’ll assess what the Conservative Party’s landmark victory means for your international trade, in the EU and beyond.

The past few years have seen an astonishing array of political upsets worldwide, but it would take one of the biggest yet to prevent the UK from finally leaving the EU at ... Continue Reading

What will the election result mean for your freelance workforce?

Following almost a decade of coalition governments, hung parliaments and uncertainty on everything from Scottish independence to Brexit, the December 12th UK General Election returned a decisive result, with Boris Johnson’s Conservative Party winning a significant majority.

If you’re a small business owner, chances are that you’ve been feeling the effects of all these years of political, economic and social uncertainty, and yo... Continue Reading

4 steps to brand engagement

In our last piece, 4 steps to building your brand as a small business, we talked you through some of the ways you can utilise your status as a small business to build a brand that will mark you out from your competitors and really resonate with customers.

You may have built an impressive brand, but if you can’t get it noti... Continue Reading

4 steps to building your brand as a small business

It’s hard to stand out in today’s jam-packed marketplace, especially if you’re a small business. On the one hand, pretty much every industry is dominated by its giant companies. The household names that everybody knows. On the other hand, your market is just as likely to be crowded with other small businesses that are your direct competitors.

In this crowd, standing out might seem like a near impossible task. That’s where bu... Continue Reading

Finding the right business for you

So, you’ve decided to take the plunge and invest in, or maybe even buy, your first business. These are very exciting but possibly scary times.

While there’s no doubt that going through this process the first time round will be a learning curve and that you might make mistakes along the way, one thing you absolutely want to get right is the business you go for.

In this guide, we’ll look at five things to consider ... Continue Reading

Launching a business post-Brexit

Brexit has created an understandable level of uncertainty in the business world and it’s not just big banks and international corporations that are being affected. Britain’s SMEs are also feeling the fear.

According to PwC research, 66 per cent of Britain’s small businesses want the government to focus on agreeing continued access to the European Union’s single market, while 62 per cent say they want trade deals that provide ... Continue Reading

You’ve sold your company. Now what?

Whatever the reason may have been for selling your company, it’s done and dusted. But you must be thinking: now what?

Stepping away from your business can come as a shock to the system, especially if it was your brainchild, your bread and butter, and your entire professional life for a very long time. Leaving the company can be difficult, given the time and energy you would have put into it in the first place, but this doesn’t m... Continue Reading

Be a mentor to boost your own business

Today’s economy is flooded with young entrepreneurs, who naturally are the future of business in years to come. And while you may view them as competitors and a threat to your well-established company’s practice, engaging and mentoring such individuals can boost your own business in unprecedented ways. After all, you, too, were once just a budding businessman, and imparting your wisdom to those just starting out can yield results in a win-win... Continue Reading

Should you hire freelancers or permanent employees?

The so-called “gig economy” is transforming the world of work and the freelancers who comprise it are transforming the British economy and workforce. According to PeoplePerHour, one of the biggest online platforms for freelance workers, freelancers contribute almost £300 billion to the UK economy per year.

Consultancy UK estimates that there are 2 million British freelancers working across all sectors as of 2018. Meanwhile, som... Continue Reading

Which is the best social media channel for your business?

As a small business owner, it is your duty to conduct your own marketing in order to rope in as many customers as possible – after all, how else is your business expected to stay afloat? The more customers you have, the better your business will perform in terms of revenue and profits, but to get the clients on board, your advertising needs to be right.

In today’s world, it is imperative that you have a digital advertising strat... Continue Reading

Finding the right buyer for your business

If you're getting ready to sell your business it's likely you're very keen that it falls into experienced hands, particularly if you've built it from scratch. There are many ways to market the sale of your business and in many ways, it is this process that will dictate the type of buyer who shows interest in your company.

However, there are also many other ways of attracting the right type of buyer and making the... Continue Reading

Getting the right business buyers on board

Your potential buyer should the sole focus as you prepare to sell your business, and getting the right buyer on board is imperative to making your sale a successful one.

In order to get the right acquirer, you need to assess your company as objectively as possible and see what kind of buyer will be most attracted and suited to your company at all. Will the buyer in question be looking to make a strategic acquisition so as t... Continue Reading

Buying a business: What red flags do I need to be aware of?

There are many things to consider when purchasing a business, and all aspects need to be assessed thoroughly before taking the next step towards acquisition. Evaluating how well the company in question fits with your existing portfolio and strategy, its reputation and size, and its ability to boost your revenue down the line are all factors that need heavy consideration.

However, what also ought to be addressed is the number of red ... Continue Reading