Running a business can be hugely satisfying, but small businesses often struggle because of the inexperience of management. Here, the partners at Moore Stephens East Midlands share their top tips for small business owners.
97 Ways To Market Your Accountancy BusinessBoogles
97 Ways To Market Your Accountancy Business is written for accountants & bookkeepers who are looking for ways in which they can market and promote their businesses. Nothing happens in a business until 'someone sells something' and this book will help you to think about how you can market your products and services so that customers beat a path to your front door. This is a follow-up to the first book 'How To Start Your Own Bookkeeping Business'. Award-winning entrepreneur and author, Lisa Newton started her own bookkeeping business in 2004 with just £150. Every penny was spent on marketing. The book outlines 97 ways to market your accountancy business in A-Z order, each way is given a rating from easy to difficult, and has an effectiveness score from 1 to 5, and a cost of low to high. Each method is also listed by rating, score and cost so you have a quick reference guide too.
Best Ideas for Beauty parlor set up from homevFabShine
After running successful Parlor for years, here I am listing few of my experience. These are tried and tested and many of my friends are running there so called small start-up successfully.
Starting your own business can be one of the most challenging and rewarding things you will ever do. But where do you start?
Here’s a quick introduction to the various elements you’ll need to consider.
Quick tips about what to consider when starting a new business. For more tips on entrepreneurship and small business, check https://ferasantoonreports.com
In today’s competitive business environment all innovative entrepreneurs are constantly looking for new ingenious strategies which can take their commercial venture to new heights.
The Center for An Urban Future has released a new report titled, "Small Business Success." The report is a blueprint for turning more of New York City's small businesses into medium-sized and large businesses. The centerpiece of the report is a series of 21 profiles of New York City-based small businesses that have managed to grow in recent years.
97 Ways To Market Your Accountancy BusinessBoogles
97 Ways To Market Your Accountancy Business is written for accountants & bookkeepers who are looking for ways in which they can market and promote their businesses. Nothing happens in a business until 'someone sells something' and this book will help you to think about how you can market your products and services so that customers beat a path to your front door. This is a follow-up to the first book 'How To Start Your Own Bookkeeping Business'. Award-winning entrepreneur and author, Lisa Newton started her own bookkeeping business in 2004 with just £150. Every penny was spent on marketing. The book outlines 97 ways to market your accountancy business in A-Z order, each way is given a rating from easy to difficult, and has an effectiveness score from 1 to 5, and a cost of low to high. Each method is also listed by rating, score and cost so you have a quick reference guide too.
Best Ideas for Beauty parlor set up from homevFabShine
After running successful Parlor for years, here I am listing few of my experience. These are tried and tested and many of my friends are running there so called small start-up successfully.
Starting your own business can be one of the most challenging and rewarding things you will ever do. But where do you start?
Here’s a quick introduction to the various elements you’ll need to consider.
Quick tips about what to consider when starting a new business. For more tips on entrepreneurship and small business, check https://ferasantoonreports.com
In today’s competitive business environment all innovative entrepreneurs are constantly looking for new ingenious strategies which can take their commercial venture to new heights.
The Center for An Urban Future has released a new report titled, "Small Business Success." The report is a blueprint for turning more of New York City's small businesses into medium-sized and large businesses. The centerpiece of the report is a series of 21 profiles of New York City-based small businesses that have managed to grow in recent years.
Finding new ways to grow and improve your small business can be tough. Direct Capital has put together 10 tips to help small business owners achieve success and continued prosperity.
For more information on Direct Capital and how we can help your small business, visit our website: www.directcapital.com or send us a Tweet @DirectCapital!
You know how to create the business strategy for business success. Strong strategic planning is critical to the success of every organization. let's now learn about Top 7 best strategies for business success. For more detail visit:- http://www.wesrch.com
78 entrepreneurial tips for success in a small business Dennis Zink *****
78 Entrepreneurial Tips for Success in a Small Business
These success tips represent first hand knowledge and experience which I have gained in my business career spanning over 30 years. To a large extent, small business failures stem from not learning from others mistakes. Instead of reinventing the wheel, just changing the spokes, may be all that is required for a successful idea to take hold.. The challenge is in execution, that is what separates the successes from the failures. These tips are geared to help you do the right things and execute effectively.
Small Business Survival Guide: 28 tips to unlock you own success story [eBook]Line//Shape//Space
For all the advice you need to make your small business survive and thrive check out this small business tips ebook, bought to you by Line Shape Space.
Check out: http://lineshapespace.com/
Small Business Roundtable
July 11, 2012
Earl Hadden presented 'The Keys to Small Business Success' at the July Small Business Roundtable. Hadden, who has more than 30 years of consulting and small business experience, has developed a proven accountability system that will keep your business on track. The Roundtable discussion covered the six factors that lead to dramatic business improvement and how to implement them. Hadden also discussed three action items that will help improve your business immediately.
Keys toSuccess: Business Intelligence Proven, Practical Strategies That WorkSenturus
Keys you need to know to achieve BI success. View the webinar video recording and download this deck: http://www.senturus.com/resources/keys-to-success-in-business-intelligence/.
With realistic advice taken from Senturus CEO and co-founder John Peterson, he shares 16+ years of real world expertise working with over 1000 clients and 2000 projects to describe how you can truly optimize BI investments.
Senturus, a business analytics consulting firm, has a resource library with hundreds of free recorded webinars, trainings, demos and unbiased product reviews. Take a look and share them with your colleagues and friends: http://www.senturus.com/resources/.
Here are the 7 key considerations you need to know before starting off.
These considerations are intended to give you
a reality check before you make investments.
Entrepreneurship is the ability and readiness to develop, organize and run a business enterprise, along with any of its uncertainties in order to make a profit. The most prominent example of entrepreneurship is the starting of new businesses.
What Is Entrepreneurship
In economics, entrepreneurship connected with land, labour, natural resources and capital can generate a profit. The entrepreneurial vision is defined by discovery and risk-taking and is an indispensable part of a nation’s capacity to succeed in an ever-changing and more competitive global marketplace.
The entrepreneur is defined as someone who has the ability and desire to establish, administer and succeed in a startup venture along with risk entitled to it, to make profits. The best example of entrepreneurship is the starting of a new business venture. The entrepreneurs are often known as a source of new ideas or innovators, and bring new ideas in the market by replacing old with a new invention.
It can be classified into small or home business to multinational companies. In economics, the profits that an entrepreneur makes is with a combination of land, natural resources, labour and capital.
In a nutshell, anyone who has the will and determination to start a new company and deals with all the risks that go with it can become an Entrepreneur.
7 Fatal Pitch Deck Mistakes Scaring Away Investors - Don't Be A Little PitchBryce North
Ahh…rejected pitch decks. Having a hard time attracting investors or not sure how to get their attention? Don't waste another minute building investment presentations that are doomed to fail! This presentation is for anyone who has spent hours chasing investors that never close.
Find more great resources here --> www.dontbealittlepitch.com
For many of us, the feeling of inevitable doom when we start writing our investment strategy can be overwhelming. Just how much effort should we put into creating something that might just get shut down? Or worse, ignored. It all feels so defeating and before you know it, you are quickly running out of cash. Major heartburn.
Check out our successful pitch deck master class: https://www.dontbealittlepitch.com/pitch-deck-master-course
30 Entrepreneurs Share How They are Being DisruptiveCEO Blog Nation
For the past 20 years, the theory of disruptive innovation has been enormously influential in business circles and a powerful tool for predicting which industry entrants will succeed.
Bellwether Magazine from Blytheco - The Ecommerce Issue - Q1 2014Blytheco
Hi everyone! This quarter of Bellwether we are focused on eCommerce. We have actually found that eCommerce means a lot of things to different people. In fact, the misconception is that it is all about a shopping cart. If that was the case, we wouldn’t have dedicated an entire issue to breaking through some of those misconceptions. We hope to shed some light on why this may be an important area for you to take a look at for your business. As our cover highlights by the myriad of words, eCommerce has a lot more to it than meets the eye.
How do you define a successful business? Earl R. DavisEarl R. Davis
Earl R. Davis believes that some marketplaces are more competitive than others. If you try to enter an industry that is already saturated, you will quickly have to compete on price to get clients. It's challenging to grow when you're battling for every morsel of nourishment. Again, do some demand research before making a decision.
The first year of opening a business can be overwhelming and business owners need to be prepared to endure on the unpredictable ride. In efforts to make that ride more gratifying, here is a closer look at 10 tips on how to thrive and survive the first year of business.
This module will let individuals see the importance of branding your company, the challenges you will face in relation to growth, the expenses that you will be out that you may have perhaps not thought of and how to resolve problems relating to cost based pricing.
Similar to 19 Tips for Small Business Success (20)
What You're Going to Learn
- How These 4 Leaks Force You To Work Longer And Harder in order to grow your income… improve just one of these and the impact could be life changing.
- How to SHUT DOWN the revolving door of Income Stagnation… you know, where new sales come into your magazine while at the same time existing sponsors exit.
- How to transform your magazine business by fixing the 4 “DON’Ts”...
#1 LEADS Don’t Book
#2 PROSPECTS Don’t Show
#3 PROSPECTS Don’t Buy
#4 CLIENTS Don’t Stay
- How to identify which leak to fix first so you get the biggest bang for your income.
- Get actionable strategies you can use right away to improve your bookings, sales and retention.
Salma Karina Hayat is Conscious Digital Transformation Leader at Kudos | Empowering SMEs via CRM & Digital Automation | Award-Winning Entrepreneur & Philanthropist | Education & Homelessness Advocate
When listening about building new Ventures, Marketplaces ideas are something very frequent. On this session we will discuss reasons why you should stay away from it :P , by sharing real stories and misconceptions around them. If you still insist to go for it however, you will at least get an idea of the important and critical strategies to optimize for success like Product, Business Development & Marketing, Operations :)
Reflect Festival Limassol May 2024.
Michael Economou is an Entrepreneur, with Business & Technology foundations and a passion for Innovation. He is working with his team to launch a new venture – Exyde, an AI powered booking platform for Activities & Experiences, aspiring to revolutionize the way we travel and experience the world. Michael has extensive entrepreneurial experience as the co-founder of Ideas2life, AtYourService as well as Foody, an online delivery platform and one of the most prominent ventures in Cyprus’ digital landscape, acquired by Delivery Hero group in 2019. This journey & experience marks a vast expertise in building and scaling marketplaces, enhancing everyday life through technology and making meaningful impact on local communities, which is what Michael and his team are pursuing doing once more with Exyde www.goExyde.com
Best Crypto Marketing Ideas to Lead Your Project to SuccessIntelisync
In this comprehensive slideshow presentation, we delve into the intricacies of crypto marketing, offering invaluable insights and strategies to propel your project to success in the dynamic cryptocurrency landscape. From understanding market trends to building a robust brand identity, engaging with influencers, and analyzing performance metrics, we cover all aspects essential for effective marketing in the crypto space.
Also Intelisync, our cutting-edge service designed to streamline and optimize your marketing efforts, leveraging data-driven insights and innovative strategies to drive growth and visibility for your project.
With a data-driven approach, transparent communication, and a commitment to excellence, InteliSync is your trusted partner for driving meaningful impact in the fast-paced world of Web3. Contact us today to learn more and embark on a journey to crypto marketing mastery!
Ready to elevate your Web3 project to new heights? Contact InteliSync now and unleash the full potential of your crypto venture!
2. PRECISE. PROVEN. PERFORMANCE.PRECISE. PROVEN. PERFORMANCE.www.moorestephens.co.uk/eastmidlands
Running a
business can be
hugely satisfying,
but…
many struggle
because of the
inexperience of
management.
PRECISE. PROVEN. PERFORMANCE.
3. PRECISE. PROVEN. PERFORMANCE.PRECISE. PROVEN. PERFORMANCE.
Here are our top tips for small
business success…
www.moorestephens.co.uk/eastmidlands PRECISE. PROVEN. PERFORMANCE.
4. PRECISE. PROVEN. PERFORMANCE.PRECISE. PROVEN. PERFORMANCE.
LOOK BEFORE YOU LEAP
www.moorestephens.co.uk/eastmidlands PRECISE. PROVEN. PERFORMANCE.
• Is it what you really want?
• What will be involved?
• What are the skills you need
to run the business and have
you got them?
Think carefully before you start:
#1
5. PRECISE. PROVEN. PERFORMANCE.PRECISE. PROVEN. PERFORMANCE.
IN YOUR PRODUCT OR
SERVICE
www.moorestephens.co.uk/eastmidlands PRECISE. PROVEN. PERFORMANCE.
#2
6. PRECISE. PROVEN. PERFORMANCE.PRECISE. PROVEN. PERFORMANCE.www.moorestephens.co.uk/eastmidlands PRECISE. PROVEN. PERFORMANCE.
If you don’t, it is
unlikely you’ll be able
to sell it.
Businesses that grow tend
to have owners who
understand how the product
or service makes a
difference to the customer
and the wider society.
7. PRECISE. PROVEN. PERFORMANCE.PRECISE. PROVEN. PERFORMANCE.
HAVE A CLEAR
PLAN
www.moorestephens.co.uk/eastmidlands PRECISE. PROVEN. PERFORMANCE.
Your business plan should
be reviewed and refined
ANNUALLY at the least.
Documentation can be
seen as red tape but if
kept simple it can help you
keep on track and avoid
misunderstandings.
#3
8. PRECISE. PROVEN. PERFORMANCE.PRECISE. PROVEN. PERFORMANCE.www.moorestephens.co.uk/eastmidlands PRECISE. PROVEN. PERFORMANCE.
Know when to ‘test the
water’. Being in business is
about taking calculated risks
and getting a suitable
return, so even if you can
see possible downsides to a
proposed new venture, don’t
necessarily rule it out
straight away.
Be brave but not
reckless.
#4
BE PREPARED
TO TAKE RISKS
9. PRECISE. PROVEN. PERFORMANCE.PRECISE. PROVEN. PERFORMANCE.www.moorestephens.co.uk/eastmidlands PRECISE. PROVEN. PERFORMANCE.
Write the story of
how it went wrong, make
changes to your plans to
mitigate against those risks
in future and re-evaluate.
It is unlikely that you’ll
succeed without
making a few mistakes
along the way, but
these don’t need to
define you.
#5
LEARN FROM YOUR
MISTAKES
10. PRECISE. PROVEN. PERFORMANCE.PRECISE. PROVEN. PERFORMANCE.
Disgruntled employees
can damage your
business. Build a team of
committed people who pull
together and trust each
other.
www.moorestephens.co.uk/eastmidlands PRECISE. PROVEN. PERFORMANCE.
Build a
motivated
team
Ensure your key team
members are suitably
rewarded and incentivised
(you want to keep them!).
#6
11. PRECISE. PROVEN. PERFORMANCE.PRECISE. PROVEN. PERFORMANCE.www.moorestephens.co.uk/eastmidlands PRECISE. PROVEN. PERFORMANCE.
Make sure
individuals
focus on what
they do best
Don’t have your best
salesperson doing your
paperwork. Make sure every
one is clear as to their
specific roles and that they
have the skills and
experience for the tasks
involved.
#7
12. PRECISE. PROVEN. PERFORMANCE.PRECISE. PROVEN. PERFORMANCE.
GET THE RIGHT
EXTERNAL
SUPPORT.
www.moorestephens.co.uk/eastmidlands PRECISE. PROVEN. PERFORMANCE.
Small businesses often have limited access internally to
specialists. Establish a team of external partners to work
with you to help you achieve your goals. Having a good
accountant is paramount!
#8
13. PRECISE. PROVEN. PERFORMANCE.PRECISE. PROVEN. PERFORMANCE.www.moorestephens.co.uk/eastmidlands
Manage cashflows efficiently
& protect against
unnecessary shortages.
Maintain accurate cashflow
projections to highlight any
potential cash ‘squeezes’
before they occur, allowing
for planning to ensure
appropriate funding is in
place.
#9
CASH IS KING
PRECISE. PROVEN. PERFORMANCE.
14. PRECISE. PROVEN. PERFORMANCE.PRECISE. PROVEN. PERFORMANCE.www.moorestephens.co.uk/eastmidlands PRECISE. PROVEN. PERFORMANCE.
#10
• Agree your business terms IN
WRITING, these could include
early settlement discounts and
interest charges for late
payments.
• Assess the credit worthiness of
potential customers and
suppliers.
• Establish a credit control
policy with clearly defined
credit limits for customers.
HAVE A ROBUST
CREDIT CONTROL
SYSTEM IN PLACE
15. PRECISE. PROVEN. PERFORMANCE.PRECISE. PROVEN. PERFORMANCE.
Make sure the price you
charge for your product
or service reflects the
value that a purchaser
believes they are getting.
www.moorestephens.co.uk/eastmidlands PRECISE. PROVEN. PERFORMANCE.
#11
The price
MUST be right.
16. PRECISE. PROVEN. PERFORMANCE.PRECISE. PROVEN. PERFORMANCE.
There are a number of grants, incentives and
tax reliefs available for small businesses, but
many miss out because they’re unsure what
they can claim for.
Incentives such as small business rates retail
relief, National Insurance employment
allowance and R&D relief can all make a BIG
DIFFERENCE.
www.moorestephens.co.uk/eastmidlands PRECISE. PROVEN. PERFORMANCE.
#12
MAKE THE MOST
OF AVAILABLE
TAX RELIEFS AND
REBATES.
17. PRECISE. PROVEN. PERFORMANCE.PRECISE. PROVEN. PERFORMANCE.
All businesses with a VAT
taxable turnover of more than
£81k must be VAT registered
and submit a quarterly VAT
return.
Make sure you choose the
right VAT scheme – depending
on your industry sector you
may benefit from being on the
flat-rate VAT scheme
(designed to simplify VAT
accounting for smaller
businesses) or other VAT
scheme.
www.moorestephens.co.uk/eastmidlands PRECISE. PROVEN. PERFORMANCE.
#13
DON’T FALL
FOUL OF VAT
18. PRECISE. PROVEN. PERFORMANCE.PRECISE. PROVEN. PERFORMANCE.
Make sure you get
the best possible
rent terms for your
business. Getting
it wrong can lead to
significant costs in
future.
www.moorestephens.co.uk/eastmidlands PRECISE. PROVEN. PERFORMANCE.
#14
Negotiate
commercial
property leases
carefully.
19. PRECISE. PROVEN. PERFORMANCE.PRECISE. PROVEN. PERFORMANCE.
Ask for break clauses
to be included and
make sure the length
of the lease is
adequate for your
business purposes.
Getting a good
commercial property
solicitor involved at an
early stage can ensure
you get a fair deal.
www.moorestephens.co.uk/eastmidlands PRECISE. PROVEN. PERFORMANCE.
#14
Negotiate
commercial
property leases
carefully.
20. PRECISE. PROVEN. PERFORMANCE.PRECISE. PROVEN. PERFORMANCE.
Make sure you
have adequate
insurance
www.moorestephens.co.uk/eastmidlands PRECISE. PROVEN. PERFORMANCE.
#15
Employers’ liability insurance
is a legal requirement if you
employ staff, and if you have
visitors to your place of work
or if you visit customers on
their premises you might
need public liability insurance
to provide cover in case of
accident or damage to
property.
21. PRECISE. PROVEN. PERFORMANCE.PRECISE. PROVEN. PERFORMANCE.
Satisfied customers are vital to
business success. Listen to
what your customers want and
adapt your approach
accordingly. Make sure you
understand why customers buy
from you – what needs does
your product or service satisfy?
How necessary is it that they
buy what you provide?
Remember, the customer is
always right!
www.moorestephens.co.uk/eastmidlands PRECISE. PROVEN. PERFORMANCE.
#16
PUT YOUR
CUSTOMERS
FIRST
22. PRECISE. PROVEN. PERFORMANCE.PRECISE. PROVEN. PERFORMANCE.
Your business should
become known for its
reliability and consistency
and so you need to set
internal standards and lead
by example.
www.moorestephens.co.uk/eastmidlands PRECISE. PROVEN. PERFORMANCE.
#17BE CONSISTENT
Strike the right balance
between a standardised
approach and allowing
people space for flexibility
and initiative.
23. PRECISE. PROVEN. PERFORMANCE.PRECISE. PROVEN. PERFORMANCE.
Don’t neglect your marketing.
Customers won’t purchase from
you if they don’t know who you are
or what you offer!
Effective marketing doesn’t have to
cost a fortune. A low-cost DIY
template website can be as little as
£3 per month, and most social
media sites are free to use, yet a
survey by Yodle showed that only
about half of small businesses have
a website and only 1 in 10 are
using social media.
www.moorestephens.co.uk/eastmidlands PRECISE. PROVEN. PERFORMANCE.
#18
STAND OUT
FROM THE
CROWD.
24. PRECISE. PROVEN. PERFORMANCE.PRECISE. PROVEN. PERFORMANCE.
GET THE RIGHT
BALANCE
www.moorestephens.co.uk/eastmidlands PRECISE. PROVEN. PERFORMANCE.
Many business owners work
very long hours. Sometimes
this is a lifestyle choice
because running the
business brings great
satisfaction & fulfilment.
For others the business can
become a slave driver; and
long hours can put pressure
on family life.
Boundaries need to be
discussed, set and adhered
to.
#19
25. PRECISE. PROVEN. PERFORMANCE.PRECISE. PROVEN. PERFORMANCE.
Moore Stephens East Midlands
www.moorestephens.co.uk/eastmidlands PRECISE. PROVEN. PERFORMANCE.
@MS_EastMidlands
Moore Stephens East Midlands
Moore Stephens East Midlands
(Corby and Peterborough
offices)
Peterborough
T 01733 397300
Corby
T 01536 461900
www.moorestephens.co.uk/eastmidlands