Aug 8 2010

Write your own business plan.

That’s right, you want to draw up your own business plan. It’s the first step for any entrepreneur looking to launch a startup and you’ll need one to succeed. Having a business plan is vital to document how your company aims to achieve its goals and what strategy and actions are required to reach them. [...]

Jun 30 2010

Business Link goes – thank god for that.

Mark Prisk said the network, subject to speculation about its future for several weeks, is to be shut down due to the amount of money spent on telling entrepreneurs where to get advice. “The regional Business Links have spent too much time signposting and not enough time actually advising,” the MP told Real Business. “We’re going [...]

Jun 21 2010

The Chasm

It is fairly common for people who are considering business or franchise ownership to look at a directory of business or franchises; magazine lists of “top” franchises and businesses.  Many in business are severely skeptical about these lists. I am one of them. Is that really a smart way to find a business or franchise that is [...]

Jun 5 2010

Fancy some higher interest rates?

Investors struggling to find decent interest rates are being targeted by a new “social lender” offering returns of between six and nine per cent. The Funding Circle hopes to emulate the success of Zopa, which is the most well-known social lender in the UK. In fact there’s already a new company on the social lending [...]

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May 18 2010

What brought down China’s businessman?

Huang Guangyu used to be known as the “price butcher”. He was famous for founding Gome, a chain of electronics stores that stretched across China. He’s still the company’s biggest shareholder. But he’s no longer in charge. Once the country’s wealthiest man, he’s now one of its most famous convicts. A court in Beijing has sentenced Huang Guangyu [...]

May 16 2010

Franchises and business comment – Born in the storm.

The recession may be over but the turbulent last couple years has taken its toll leaving many people out of work and redundant. With the current unemployment figure being the highest since the mid 1990’s, it’s obvious that there are many looking for work or wondering how best to get their lives back on track. For [...]

May 9 2010

What do you want to earn in that first year in business and thereafter?

I wonder how many of us would join a company without knowing our salary and on target earnings. Not many I guess. When I ask people when they are thinking of setting up a business what they want to earn in their first year that simple question sometimes seems to confuse them. I get answers [...]