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Showing posts with the label Self-employed

Is coworking right for you?

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Coworking is becoming an increasingly popular option for small businesses and freelancers, but why should you consider coworking rather than working from home? Check out these advantages to find out if coworking is the right option for you and your business... 1) Join a community Working from home can be very isolating and you may go for days at a time without any face to face contact, working in a shared office space allows you to join a community of likeminded people in a similar situation to you, have people to chat to and socialise. 2) Create a work-life balance Whilst working from home can be great, the lines between your work life and your home life often become blurred. Hotdesking in a coworking space can allow you to create some separation between work and home. 3) Use professional meeting spaces One of the key benefits of coworking is that many spaces have dedicated meeting rooms that can be used. Inviting clients or prospects to a meeting room shows pr...

The challenges of running a small business

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With political and economic uncertainty and ever changing technology, all UK businesses are facing a tough time and running a small business can be particularly challenging. Many businesses are struggling to survive and further challenges lie ahead. Amid a changing business landscape it’s key that small businesses are successful in overcoming challenges and avoiding mistakes others have made in the past. Key challenges that need to be considered by those running small businesses are… Recruiting and retaining employees Recruiting and retaining employees can often be costly and time consuming for small businesses. Writing contracts, conducting interviews, training employees and ensuring all necessary HR processes and policies are in place are amongst the requirements for businesses and can be challenging, especially when resources are limited. Regulation and compliance One challenge when running a small business is ensuring compliance with government regulations. Am...

Setting up your own business – the essentials

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Becoming self-employed has become increasingly popular over the last couple of decades with the number of self-employed workers has increased from 3.3 million in 2001 to 4.8 million in 2017 . The benefits of owning your own business include doing something you’re passionate about, having more control over you income and working hours and being able to work around other commitments. Although you may have your business idea in place, setting up your own business may seem overwhelming, so we have put together an essential guide to help you with key parts of the process… 1) Look for help available from the Government There’s plenty of government-backed advice available in the UK to help you with creating a business plan, market research and more. Depending where you live there’s different resources available, check out the Business Wales website to find out the support available in Wales. 2) Decide the best structure for you There are several different types of self-empl...