Risk Assessment and Management

Health and safety is something of a nightmare for many business owners, and as a new business the last thing you want is to get tangled up in red tape. Some people have a certain perception of risk assessment practices as overly cautious and more of a burden than anything else. However, getting professional consultation on UK health and safety issues is vital across many different industries, and you can’t afford to get this wrong when you’re just starting out. Here are some of the different areas you might need to consider depending on your niche.


In the construction industry, health and safety is obviously an issue due to the involvement of heavy machinery, working in potentially unsafe buildings and so on. However, risk assessment in this field should go far beyond the obvious. Hazardous chemicals used on sites such as paint and substances used to treat wood or metal can have devastating long term health effects. Cancer rates within construction are particularly high, which has largely been attributed to asbestos but is also closely linked to fumes from paint and petrol. Excessive noise and vibration must also be assessed formally as these pose a high risk. Continue reading


Shipping Solutions For Start-Ups

If you’re running a business online then there are infinite considerations to be made, which you will have realised already by this point. However, one of the most important steps in taking your idea from concept to reality is figuring out the logistics of distributing your product. How you are going to sell it, where it’s going to be available and who is going to transport it from you to your customer are just a few of the crucial points to decide before you get started.

1) Local Logistics

Firstly, let’s start by imagining that someone places an order with your business and it’s a relatively local delivery. For example, you might be based in London and find you have more than enough customers in the region to get you started before expanding to the whole of the UK. The chances are you’re going to be best off working with a local specialist who is able to make your deliveries regularly and keep costs low, so a cheap man and van hire in London is going to be suitable at this level. This involves your chosen delivery company visiting you once or twice a day to pick up your goods and get them shipped to your buyers. You can enjoy the benefits of a quick, local and reliable service that will be happy to do business with you, until you need to cast a much wider net, that is. Continue reading

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Using Online Resources To Help Your Business

The Internet, as we all know by now, is an indispensably powerful and handy tool that no aspiring business owner should go without using. With the inter-connectivity of the world wide web, aspiring and experienced businesses owners alike can benefit in a huge range of ways.

Here’s one idea for you to go away and think about: many expert services are widely sought after by other businesses who don’t have people in house to deal with certain tasks. For example, translation services to negotiate any cross-country legal issues or help your business spread over the global market are usually in high demand. This may be useful to you, but also to other business you can sell your services to. The actual translation work can easily be outsourced to a third party so you are effectively just a middle man taking a healthy cut of the money. Outsourcing services and coordinating them might be a great idea to supplement your main business, and the Internet makes this possible. Continue reading

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How To Set Up A New Business

In order to set up a company, a proper plan must be developed. This should include basic information like the business name, address, website address and any contact information. If using an email address, use a professional sounding address, preferably with the company name as part of the email address. Avoid using any available services that offer free email addresses. Another important tip to consider is that the company owner will need to know and understand every aspect of the business, including the legal aspects. Document translation may be needed for those who English isn’t their first language. This is crucial when setting up a business that everything is clear and accurate.

Start by indicating the type of business to be started and the legal form of it – sole trader, partnership or limited company. Provide a vision, or detailed description of just what the business is about and what it will do. Provide information about the industry within which the company will operate, as well as a description of products or services and what makes these products or services different than any that may already be on the market. Continue reading


How To Set Up A Company

When setting up a company in the UK, you need to select a specific structure for the type of business or organisation. Basically there are three types: sole traders, partnerships and limited companies. Sole traders are considered to be self-employed which means they typically work for themselves and will need to register as a sole trader. If conducting it as a partnership or a limited one, you must live in the UK or have an office that is registered and one director residing in the country. UK leading experts and specialise in limited company formation and registration, which is easily carried out through an online process. Company registration is different for each of the three types of businesses.

Registering as a Sole Trader

Getting set up as a sole trader is perhaps the easiest method of formation. Sole traders must calculate their own tax liability which requires registering for self-assessment tax with HMRC (HM Revenue and Customs). Some sole traders find it easier to employ the services of an accountant to assist in these tax calculations. A National Insurance (NI) number is required as well. Sole traders may conduct business under a company name or using their own name.

Registering as a Partnership

This operates like a sole trader except there are several owners rather than just one. Each partner may run the business as an individual but responsibility is shared between all partners including any bills incurred and any losses. As with the sole trader business, partnerships must also register for the self-assessment tax with HMRC and pay for National Insurance. Each partner must also pay their own income tax on the individual share of their profits from the partnership.

There are also specific rules for naming a partnership. For example, terms like “limited” or “limited liability partnership” are not allowed. The name of the partnership must not closely resemble any similar registered trademark or allude to any connection with government authorities. Partnerships must include the names of all partners along with the business name on any official forms like letters, invoices, etc. Continue reading

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Thinking Like A Customer

Starting a business has, from time to time, been a consideration for a high proportion of people working in business environments. It’s increasingly easy to do it yourself without much outside help, and the benefits can be great.

But, as any experienced entrepreneur would remind you, starting a business from scratch begins with a strong game plan, clear goals and the best business ideas. Opening one’s own business allows for unprecedented freedom at work, a self sense of pride and the feeling of a job well done. Running a business, however, also requires consistent responsibility and a steady pool of creativity to draw from. You need to keep in mind that setting up or expanding a business is very demanding and in the first few months, it could be difficult to handle. By knowing where to find the best help and ideas, such as thinking like a consumer, utilising online resources, and working with others, any aspiring entrepreneur can take the first steps to their very own business.

As we often hear, customers are the life and blood of every profitable business. In one’s journey to find the best business ideas, make a pit stop for shopping is vital. By noticing one’s own habits and behaviours while shopping, a young entrepreneur can begin to see patterns for success. Notice the way in which customers move about a floor plan, which displays impressed you and others, and what kind of products seem to be the most eye catching. Simply put, some of the best strategies can be derived from what is already being done best. In the harsh and competitive world of business, it is a simple advantage to utilise what is known to work effectively. Continue reading