It’s an old problem facing owners of small businesses – is it worth keeping the office open between Christmas and the New Year? Can you afford to give your staff a well-earned break, or do you stay open for the benefit of your customers and your bottom line?
Many people dream of taking the plunge and becoming business owners – but first you have to come up with a workable idea. So the big question is, where do entrepreneurs get their ideas from?
The inception of any business is both thrilling and terrifying. In order to rapidly grow your company, it’s important to consider taking calculated risks, but you need to have confidence that these will pay off. Getting your business to the stage of being able to expand its workforce is a major milestone for any startup owner, but employing extra staff too soon, or creating unnecessary roles, can have a costly effect and in some cases, spell the end of your dream of being your own boss. So what are the signs that your business is ready to make its first hire?
Virtual meetings have an important role to play in a digital age, but face-to-face meetings are still as vital as ever. Instead of replacing traditional meetings, Skype, video conferencing and digital tools now complement them, helping colleagues and clients to stay in touch via a range of channels.
Starting a business is a daunting task, not least due to the financial costs that it often involves, but if you’re a budding entrepreneur who has always dreamed of running their own business, don’t let finances stand in your way!