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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.

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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.

The rising appeal of independent retailers

15 January 2016

The rising appeal of independent retailersThe number of consumers that prefer to shop in independent retailers is increasing, according to new research.

A survey by The Leadership Factor, conducted on behalf of delivery service myHermes, has revealed that one in five British consumers now shop with independent retailers. And this rises to 30% in the 18-24 year old age group, suggesting that independents could expect more customers over time.

The poll surveyed 2,000 adults and found that 85% shop at independent retailers every month, 55% visit every week or more frequently and 8% shop in local independents on a daily basis.

The attractions of independent retailers include their proximity (48%), their trusted payment options (33%), a good website (29%) and reliable delivery options (29%). Four in ten of those surveyed said they visited independent retailers because of recommendations from family and friends.

Service is also a key factor for consumers: 38% agreed that independent retailers offered better customer service, 23% said their products/services were of better quality and 22% said that the internet had made it easier to shop with independents.

Overall, 13% said they actively sought to shop in independents. In London, 19% said they were most likely to shop with an independent small business.

Methods of shopping were also analysed by the researchers. The results show that shopping in-store was the most popular method, followed by e-commerce (33%) and shopping at market stalls (24%).

Joanne Morley, head of marketing at myHermes, said: "We're encouraged by the results of this research that show not only do we shop with independent retailers more than we did a year ago, but many of us are actively looking to support independent retailers over the retail giants. This research helps independent business owners understand what they need to do to grow in an increasingly competitive marketplace and attract new customers - both online and offline."

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