Monthly Archives: September 2021

What is the difference between types of companies?

For anyone starting up their own company, it can be daunting to figure out what type of company you would like to create. When it comes to types of companies, it matters because they do not all function the same way. It depends on the type of business on how it functions. There are different types of companies that can be formed in the UK, below is a brief summary of each company.

Types of company

Public limited company

Public limited company is known as a ‘public company’, anyone in the public can own this business and buy the shares. Before the business can become a public limited company they must have a share capital of at least £50,000. It is also a legal requirement for at least two directors to be appointed.

Private company limited by guarantee

This is...

why tax legalisation is important

Tax legalisation changes frequently and it is important that every company gets it right. This is so that every employee pays the right amount of tax. Companies will need to legalise certain documents before they can use be used for business transactions. In this blog, we will be discussing the importance of tax legalisation.

What is tax legalisation?

Taxation is a compulsory system that governments use to collect taxes from people and businesses, based on their income, assets, or transaction values. The main purpose of taxation is to raise revenue for the government. All governments’ needs revenue. Tax is one of the ways that government can make revenue and use it to pay for public goods and services. Without the help of tax, our goods and services would not run smoothly. Tax must be kept at a reasonable...

Reasons why start-ups fail

When it comes to start-ups, there are many reasons why they aren’t successful. Start-ups are risky and need a lot of attention as there are lots to think about. If you are planning to start your own start-ups then, read on to find more about how start-ups fail.

Reasons why start-ups fail

Your product is not in demand/ not selling

One reason why start-ups fail is that their product is not in demand. First, you got to think about the target audience of your product. The product could be focused on the customer’s wants and needs. This would mean they need to keep makings changes to their products or services and pilot them until they reach their customers wants and needs. They can use the feedback of each pivot and create a product that is in demand for...

The three types of Forecasting every business should know

Forecasting is a technique that uses previous archived data from your business. This data is used as inputs to make informed estimates that are predictive in determining the direction of future trends. Forecasting allows you to get an overview of the progress your business is making. This blog will help you to understand the different types of forecasting that every business should implement into their analysis.  

3 Types of Business Forecasting: General, Sales, Capital

1. General Business Forecast: No business runs solely on fixed conditions, and hence a general business forecast is undertaken. This forecast will look ahead at the local, regional and national-wide conditions that could impact your business, not just the business itself. Political conditions, fiscal policy, controls, population and national income etc. have direct bearing on the...

A Guide on How to Start Your Own Business

Starting your own business can be an exciting yet nerve-wracking journey. There are many components that contribute to preparing the launch of a brand. Before delving into any entrepreneur venture, it is important to get to grips with the fundamentals. Continue to read and we will provide you with a step by step guide on how to start your own business from scratch.

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