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For a successful business, you need a viable business idea, the skills to make it work and the funding. Discover whether your idea has what it takes.
Forming your business correctly is essential to ensure you are protected and you comply with the rules. Learn how to set up your business.
Advice on protecting your wellbeing, self-confidence and mental health from the pressures of starting and running a business.
Learn why business planning is an essential exercise if your business is to start and grow successfully, attract funding or target new markets.
It is likely you will need funding to start your business unless you have your own money. Discover some of the main sources of start up funding.
Businesses and individuals must account for and pay various taxes. Understand your tax obligations and how to file, account and pay any taxes you owe.
Businesses are required to comply with a wide range of business laws. We introduce the main rules and regulations you must comply with.
Marketing matters. It drives sales and helps promote your brand and products. Discover how to market your business and reach your target customers.
Some businesses need a high street location whilst others can be run from home. Understand the key factors from cost to location, size to security.
Your employees can your biggest asset. They can also be your biggest challenge. We explain how to recruitment and manage staff successfully.
It is likely your business could not function without some form of IT. Learn how to specify, buy, maintain and secure your business IT.
Few businesses manage the leap from start up to high-growth business. Learn what it takes to scale up and take your business to the next level.
If you are starting a new business or running a new start-up, it's easy to get caught up in dealing with day-to-day issues. Taking the time to look at your business strategy helps you to think about the bigger picture and the longer term.
A good business strategy helps you identify what the best opportunities are and how you can make the most of them. It also helps you think about what your priorities are and how your business needs to fit in with these. For example, a working parent who wants to start a part-time business will need a strategy that takes all their commitments into account.
Equally, stepping back to think about strategy helps you avoid the misguided beliefs that trip up new businesses.
For a new business, a SWOT analysis can be a good starting point. This helps you to understand what the strengths and weaknesses of your business are, the opportunities you could exploit and the threats you face.
If your business is already operating, you might also want to use benchmarking. This helps you learn from competitors and other businesses by looking at how they do things and comparing their performance against yours.
Understanding your customers and the competition is vital, so the more market research you can do the better. You may find it useful to put together a detailed marketing plan along with a broader business plan.