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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.

Also in the news this week - 17 July 2015

17 July 2015

Brits dream of turning their passions into pounds

Most Brits would happily ditch their day job to do something they love - as long as money was no object. New research by Amway UK has found that 80% of British workers want to run a business based on their hobby or passion; 49% have little or no interest in their current career; and for 56%, the work-related passion has gone by the age of 45. Entrepreneurs who have followed their dream are top role models, including Richard Branson, JK Rowling, Lord Sugar, Jamie Oliver and David Beckham.

Small firms to put more into staff pensions

As over one million small and micro firms get ready for auto-enrolment, the number of SME employers that plan to contribute more than the legislative minimum has nearly doubled in the past year, according to a survey by NOW: Pensions. Of the 400 SMEs polled, 30% say they plan to, or will consider, contributing more than the legislative minimum when they enrol their employees into a workplace pension. This compares to 17% of SMEs surveyed last year. Over half (57%) of those surveyed who intend to pay more say it will help with the recruitment and retention of employees.

Who pays the bills when you work from home?

Most home workers in small firms are having to meet the costs of equipping and maintaining their workspace themselves according to research by Regus. Its survey of over 2,000 small firms found that only 42% of people working from home received contributions from their firm towards kitting out their home office. According to the Regus, the average cost of running a home office in the UK is almost £2,000 a year.

In praise of the PA

New research suggests that your personal assistant (PA) could be your most valuable employee. A new psychological study commissioned by Avery UK with Executive Secretary Magazine has found that, compared to other workers, PAs are better at handling stress even though they are more likely to work overtime. Researchers also found that PAs are likely to be more agreeable, more emotionally stable, more conscientious and more self-disciplined than other staff. They also have higher levels of emotional intelligence. Fiona Mills, marketing director at Avery UK, said: "There's a lot that many of us could learn from PAs. If there were more staff in the office with these traits, it could mean a more productive, efficient and enjoyable workplace."

Free parking boosts high street sales

High street shopkeepers in Cardigan, West Wales have seen their sales rise by a staggering 50% after vandals damaged all the main pay-and-display parking machines in the town. It's proof, if proof were needed, that parking really is a major problem for small retailers across the UK. The town's traders have reportedly queued up to tell local councillors how the unexpected advent of free parking in the town has given them such a significant boost in sales.

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