Extract . . .
"Without decent software your small business IT infrastructure is pretty much useless. Buying software can be as easy as visiting your local computer store, paying some money and getting a set of software. But this is not necessarily the most cost effective way of making such a purchase. Anyway, how do you know that your hardware will be able to run the software? Is it vital that you have the latest version of software to run your business or can older software do the trick?"
Link
http://www.bytestart.co.uk/content/15/buying-software-guide.shtml
Tuesday, August 31
Government-backed venture capital fund finally sees the light of day
Extract . . .
"The Chancellor's pre-Budget statement contained few bright ideas about how to pay down the national debt. But there was a good sprinkling of semi-formed suggestions that, for business owners and entrepreneurs, provided food for thought."
Link
http://www.telegraph.co.uk/finance/yourbusiness/brightideas/6796148/Government-backed-venture-capital-fund-finally-sees-the-light-of-day.html
"The Chancellor's pre-Budget statement contained few bright ideas about how to pay down the national debt. But there was a good sprinkling of semi-formed suggestions that, for business owners and entrepreneurs, provided food for thought."
Link
http://www.telegraph.co.uk/finance/yourbusiness/brightideas/6796148/Government-backed-venture-capital-fund-finally-sees-the-light-of-day.html
The Age Old Question . . . Sole Trader or Limited Company
Extract . . .
"There is no easy answer to this question. There are a number of factors that need to be considered before the decision should be made."
For more information on the main factors:
FACTOR 1 – LIMITATION OF LIABILITY
FACTOR 2 – FINANCIAL STATEMENTS
FACTOR 3 – ADMINISTRATION, MANAGEMENT AND BUSINESS STANDING
FACTOR 4 – TAXATION
follow this Link
http://www.rawbusiness.com/business-articles/the-age-old-question-sole-trader-or-limited-company-45.php
"There is no easy answer to this question. There are a number of factors that need to be considered before the decision should be made."
For more information on the main factors:
FACTOR 1 – LIMITATION OF LIABILITY
FACTOR 2 – FINANCIAL STATEMENTS
FACTOR 3 – ADMINISTRATION, MANAGEMENT AND BUSINESS STANDING
FACTOR 4 – TAXATION
follow this Link
http://www.rawbusiness.com/business-articles/the-age-old-question-sole-trader-or-limited-company-45.php
Get a free website for your business
Extract . . .
"If you are thinking of developing a website for your business, you will be pleased to know that there is a new scheme which allows you to create your own customised website for free."
Link
http://www.bytestart.co.uk/content/15/15_1/free-business-website.shtml
"If you are thinking of developing a website for your business, you will be pleased to know that there is a new scheme which allows you to create your own customised website for free."
Link
http://www.bytestart.co.uk/content/15/15_1/free-business-website.shtml
Young entrepreneurs show what can be done with £10 and some hard work
Extract . . .
"There's knowing your market and then there's really knowing your market. Beth Mondon, 13, now knows.
She and three classmates from Avonbourne School, Bournemouth, have set up Internet Rangers to teach grandparents how to use the internet. They have held one session so far, and having learnt a few lessons, plan to run one a week from June. "
Link
http://www.telegraph.co.uk/finance/yourbusiness/brightideas/7728995/Young-entrepreneurs-show-what-can-be-done-with-10-and-some-hard-work.html
"There's knowing your market and then there's really knowing your market. Beth Mondon, 13, now knows.
She and three classmates from Avonbourne School, Bournemouth, have set up Internet Rangers to teach grandparents how to use the internet. They have held one session so far, and having learnt a few lessons, plan to run one a week from June. "
Link
http://www.telegraph.co.uk/finance/yourbusiness/brightideas/7728995/Young-entrepreneurs-show-what-can-be-done-with-10-and-some-hard-work.html
Kraft plans heat proof chocolate bars
Extract . . .
"US food giant Kraft is searching for hi-tech chocolate bar packaging that will prevent them from melting at temperatures of up to 40C." Maybe you can help?
Link
http://www.telegraph.co.uk/finance/yourbusiness/7950841/Kraft-plans-heat-proof-chocolate-bars.html
"US food giant Kraft is searching for hi-tech chocolate bar packaging that will prevent them from melting at temperatures of up to 40C." Maybe you can help?
Link
http://www.telegraph.co.uk/finance/yourbusiness/7950841/Kraft-plans-heat-proof-chocolate-bars.html
Adventures in Micro Business
Extract . . .
Each month, Professor Russell Smith answers your queries.
Link
http://www.independent.co.uk/news/business/sme/adventures-in-micro-business-2054207.html
Each month, Professor Russell Smith answers your queries.
Link
http://www.independent.co.uk/news/business/sme/adventures-in-micro-business-2054207.html
Small Business Profile: Tracey Jefferies
Extract . . .
“It’s a bit of a cliché”, says Tracey Jefferies, “but turning 40 back in 2004 really is what prompted me to start my own business. However, my first problem was in deciding what I could sell that customers would want to buy.”
Link
http://www.independent.co.uk/news/business/sme/small-business-profile-tracey-jefferies-2054209.html
“It’s a bit of a cliché”, says Tracey Jefferies, “but turning 40 back in 2004 really is what prompted me to start my own business. However, my first problem was in deciding what I could sell that customers would want to buy.”
Link
http://www.independent.co.uk/news/business/sme/small-business-profile-tracey-jefferies-2054209.html
Guru Q&A/Angel investors
Question
Who exactly are angel investors?
Answer
Opinions vary somewhat but in our experience angel investors are high net-worth individuals who invest in entrepreneurial companies, usually at an early stage.
Typically they provide cash to young companies and take equity in return.
The amounts that angel investors typically invest is small (in the UK between £5k and £50k) when compared venture capitalists do. Generally, but not exclusively, entrepreneurs engage with business angels once they have exhausted their "friends and family" financing options and are either fearful of, or perhaps too small to consider engaging with VCs for capital.
Some angel investors are members of informal groups. This helps them increase their access to investment opportunities (e.g. more than one business angel searching for opportunities) and by investing jointly with other angels they mitigate their risk. Some networks might require a registration fee.
Gobetween Ltd here don’t charge a joining fee and they don’t charge a registration fee either. In fact at Gobetween Ltd there are no fees whatsoever chargeable to the entrepreneur.
Who exactly are angel investors?
Answer
Opinions vary somewhat but in our experience angel investors are high net-worth individuals who invest in entrepreneurial companies, usually at an early stage.
Typically they provide cash to young companies and take equity in return.
The amounts that angel investors typically invest is small (in the UK between £5k and £50k) when compared venture capitalists do. Generally, but not exclusively, entrepreneurs engage with business angels once they have exhausted their "friends and family" financing options and are either fearful of, or perhaps too small to consider engaging with VCs for capital.
Some angel investors are members of informal groups. This helps them increase their access to investment opportunities (e.g. more than one business angel searching for opportunities) and by investing jointly with other angels they mitigate their risk. Some networks might require a registration fee.
Gobetween Ltd here don’t charge a joining fee and they don’t charge a registration fee either. In fact at Gobetween Ltd there are no fees whatsoever chargeable to the entrepreneur.
Businesses 'paying more' to borrow than last year
Extract . . .
Bank fees and costs for small and medium-sized enterprises (SMEs) have risen since the end of last year.
The Institute of Chartered Accountants in England and Wales (ICAEW) says many small businesses are unable to borrow from banks, because their lending criteria are too restrictive.
Banks say demand has fallen as firms focus on paying back existing loans.
Link
http://www.bbc.co.uk/news/business-11043081
Bank fees and costs for small and medium-sized enterprises (SMEs) have risen since the end of last year.
The Institute of Chartered Accountants in England and Wales (ICAEW) says many small businesses are unable to borrow from banks, because their lending criteria are too restrictive.
Banks say demand has fallen as firms focus on paying back existing loans.
Link
http://www.bbc.co.uk/news/business-11043081
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