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Rising star: Piers Daniell
Still only 26, Piers Daniell has taken internet service provider Fluidata from the confines of his bedroom to a £2 million business in the space of two years
Business loans for starting up abroad
There is no reason in principle you cannot finance the purchase of an overseas business in the UK. The Business Banking Code says that before a bank lends you any money, they will assess whether they feel that you will be able to repay it.
Learning the language
Like it or not, setting up business abroad in all probability means you will have to learn the local language to a reasonable standard in order to have a decent shot at success. Just filling in tax and registration forms can require a fluent speaker, let alone actually doing business.
Being tax savvy
When it comes to relocating and setting up a business overseas, there are a multitude of issues that have to be considered. Getting your tax position in order pre-departure should be high on your list of priorities.
Setting up business in France
For many Britons, France is the obvious choice to start a business, given its proximity, excellent transport links with the UK and the fact that many UK expatriates are located over the Channel, meaning a potential ready-made British market awaits. However, there are several things to bear in mind before you book your Eurostar ticket.
10 tips to help launch your business
Many people think of making a new start by setting up in business for themselves, but are not sure where to begin and so never do. Check out these top tips to get a better idea of what you need to do to get started.
The franchise safety net
If you don’t have the necessary experience starting a business alone, your best bet could be to take advantage of the support that a franchise network offers. To find out what it takes, SmallBusiness.co.uk spoke to a franchisee and asked why he chose to go down that route.
Podcast: The Franchise Show
The Franchise Show is a monthly podcast featuring industry news, interviews and how-to guides. With contributions from franchisors, franchise bankers, lawyers and consultants.
Women suited to franchising
Nearly half of the UK’s franchisees are now solely or jointly female-operated, which does not surprise Cathryn Hayes, Head of Franchising for HSBC Bank, who believes franchising is a business model that particularly suits women.
Take your time selecting a franchise
Most people have heard of the phrase ‘marry in haste repent at leisure’. Well this is also appropriate in the world of franchising. A decision to purchase a franchise is not to be rushed into, as there are many aspects to investigate, questions to be asked and professionals to consult.
Watch out for the hidden costs of franchising!
In addition to an initial franchise fee and ongoing service fee, there may be other, less obvious costs associated with setting up a franchise, all of which must be taken into account when arranging funding for your business
Webchat: Tim Campbell - A generation of bedroom entrepreneurs
Apprentice winner Tim Campbell offers exclusive advice to prospective online money-makers.
James Murray Wells, founder of Glassesdirect.co.uk
James Murray Wells started Glassesdirect.co.uk with the last £1,000 of his student loan. With the help of VCs, he is now aiming to turn it into a £1 billion company.
Business plan mistakes to avoid
Around 80 per cent of bids to raise cash for business fail, often due to lack of preparation for investor meetings. A business plan will help you to answer questions about where the business is going and how funds will be invested. This guide points to some of the common pitfalls of producing a business plan.
Who wants to be a self-made millionaire?
SmallBusiness.co.uk asks self-made millionaire Charlie Mullins, who built his company, Pimlico Plumbers, into a multi-million pound business, to give us his top tips.