Seeking Advice on Employee Benefits Conversations Hello everyone! I manage a small business with four employees, and discussions around employee benefits come up pretty regularly. As a remote company, I prioritize flexibility in our work arrangements. I allow staff to handle personal matters like school runs, doctor’s appointments, and assemblies without stressing about making up Read more…
Category: smallbusinessuk
Do I need an EORI code as an individual just starting out?
Do I need an EORI code as an individual just getting started? I’m considering launching an online shop as a hobby to test the waters for starting a business. I’ve already secured a domain and website, and I’m looking into ordering stock from places like Alibaba. I came across information about needing an EORI code Read more…
10 years in. I’m closing the business.
After a decade of running my business, I’ve made the difficult decision to close it down. In short: Times are tough, and I need to find a traditional job. I initially started my mobile phone repair business as a side gig, and for the first seven years, things were fantastic. However, over the last three Read more…
How’s it going for UK Hospitality businesses
How Are UK Hospitality Businesses Holding Up? Our restaurant celebrated its 10th anniversary this year. Before the pandemic, we were enjoying a consistent growth of 15% year-on-year and everything seemed to be going well. However, over the past six months, we’ve seen our sales drop to the lowest levels since Covid struck. Customer numbers are Read more…
Looking for a Graphic Designer that ticks certain boxes
Subject: Seeking a Graphic Designer with Specific Criteria Hello everyone! I’m on the lookout for a Graphic Designer, but I have a few specific criteria that need to be met. I’m hoping to find a platform or directory that allows me to target candidates more effectively, rather than sending out generic outreach on LinkedIn or Read more…
Personal Training – Items used with a specific client to provide service – An expense of Cost or COGS?
Personal Training: Are Specific Client Items an Expense or Cost of Goods Sold? Hi everyone, I recently started providing one-on-one personal training sessions using specialized Electro Muscle Stimulation equipment. As part of the training program, each client purchases special undergarments (for hygiene purposes) that must be worn under the equipment. I source these undergarments directly Read more…
So whose doing financially well in the UK then?
Who’s thriving financially in the UK these days? I’m in need of some positive updates, as all I’ve been hearing is negativity surrounding the UK economy and the challenges faced by small businesses. Personally, I’m doing alright. It takes a lot of effort to grow my business, especially since the average spend per customer has Read more…
Does anyone else feel constantly conned?
Does anyone else feel like they’re constantly being taken advantage of? I never thought of myself as naive or impulsive. I always made sure to hire people based on recommendations or thorough research. Yet, no matter how careful I was, it seems I’ve been let down by nearly everyone I’ve worked with. Take the SEO Read more…
I’m Richard, a UK funding specialist helping SMEs secure finance (£10k to £200m) for over 10 years—Ask Me Anything!
Hello, I’m Richard—a UK funding specialist with over a decade of experience in securing financing for SMEs ranging from £10k to £200m. I’ve encountered a wide variety of situations throughout my career, and I’m here to share insights and offer guidance. Feel free to ask me anything—I’m not here for self-promotion or leads, just to Read more…
How to learn how to setup a business?
How to Set Up a Business: A Beginner’s Journey I’m currently a software engineer, but I’ve had an entrepreneurial spirit since childhood, selling various items. Recently, I’ve ventured into selling enamel pins and have made around £2,000 in profit over the past three years, steadily growing my small enterprise. Additionally, I’m developing a gym app Read more…