When you look back in time, you probably want your business to be a success story. Starting small is the usual route many business owners take. However, it’s about where and how the business grows in the future that will be the defining moment for you. That’s why you’re probably here, wondering how to grow…

There’s one common denominator that equally affects all businesses, regardless of industry, size, location, target market, or experience. This is pricing. Getting your price right will dictate how successful you are in your niche, and luckily, this decision doesn’t have to rely on intuition. In the following sections, we explore different pricing strategies, uncovering their…

There are important steps you need to take before you launch a business. One of the first and most important ones is to register a business name in the UK. This step isn’t just a legal requirement. It also helps you build a unique brand identity, gain legal recognition, boost credibility, and protect against misuse….

If you’ve always dreamed of running your own business but you could never quite settle on an idea that aligns with your interests and budget, this post is for you. Below, we’ve curated more than 70 small business ideas which can be quick to launch and budget-friendly. In our list, you’ll discover everything from tradesman…

Handling EU VAT rules can be complex, especially for businesses operating across multiple borders. Each member state sets its own VAT rates according to the guidelines of the EuropeanCommission. There are various exceptions and reduced rates for specific sectors such as medicalequipment, restaurantandcateringservices, and socialservices.  It’s crucial to understand how these rates apply and stay updated on…

Understanding UK VAT compliance is important for businesses operating in cross-border and high-risk sectors. One of the mechanisms designed to streamline VAT reporting and reduce fraud is the reversechargeVATsystem. This procedure shifts the responsibility for reporting VAT from the seller to the buyer, introducing a different set of obligations and opportunities. In this guide, we’ll explore howVATreversechargeworks,…

The travel and tourism industry in the United Kingdom (UK) is on the rise again. After the Covid-19 pandemic and lockdown orders eased, people are keen to see exotic parts of the world again and enjoy amazing travel experiences. To tap into this niche, you’ll want to know how to start a travel agency. This…

If you’re into fashion but also have a flair for business, starting your own clothing brand might just be the perfect next step in your personal and career growth. But before you make this important decision, it’s essential to gain as much information as you can on the market, proven best practices, marketing strategies, and…

Does starting an Airbnb business look like a tempting idea? If you have properties that you don’t currently use or plan to invest your funds into this type of asset, getting started with vacation rentals might turn out to be the best next move for you. In the next sections, we offer an in-depth guide…

If you have a flair for teaching, starting a private tuition business can be a great side hustle but also a promising long-term venture. The COVID-19 pandemic triggered numerous changes in the education sector as a result of the shift towards a remote work environment. This naturally created opportunities for private tutors and exposed some…

Are you a business enthusiast with a passion for design and craftsmanship? At the same time, are you looking for a high-demand, rewarding venture that can offer a substantial markup? In that case, creating your own jewerly business might be just the right next step for you. Throughout the following sections, we go into detail…

Selling food as part of a catering service can turn into a profitable business entity and a business model that can bring home substantial revenue.  In the UK, the catering industry is valued at £1.6 billion in 2024. At the same time, forecasts suggest that the number of catering businesses will continue increasing, making this…

Payment fraud is one of the most serious challenges for businesses in the UK, no matter the size or the type of business. With more and more fraudsters taking advantage of system weaknesses, companies are exposed to significant threats. But what can you do as a merchant to avoid these issues? In the following sections,…

Every merchant requires a business bank account to comply with the relevant UK regulations and manage their business finances more efficiently. However, the process of opening such an account can often be difficult and time-consuming. Fortunately, many online banking platforms and payment service providers have emerged to provide small businesses with many options.  Yet, amid…