Relevant Life Insurance

Relevant Life Insurance

Relevant Life Insurance – Why pay for life cover yourself when your business can? One of the valuable benefits that many employees enjoy is a death in service benefit. A comprehensive employment benefits package may also include earnings replacement and pension...
Protecting Your IP

Protecting Your IP

What you Need to Know About Protecting your IP Intellectual property (IP) is often overlooked as to its value, scope and importance within business … particularly with small businesses. There is a lot of specific and complex legislation around protecting your IP and...
The Importance of Office Cleaning

The Importance of Office Cleaning

The Importance of Office Cleaning Not only does a freshly cleaned office create a healthy working environment for your staff, it tells your visitors a lot about your organisation. Providing and maintaining a clean and tidy office environment serves as a constant...
Businesses Requiring Licences

Businesses Requiring Licences

Businesses Requiring Licences Licences and registrations are applicable to many types of business and you need to know what is required to undertake your business activity. A simple example might be the requirement of gaining a food hygiene certificate before you can...
Business Insurance -an overview

Business Insurance -an overview

Business Insurance -an overview Why is business insurance important? Business and commercial insurance is critical for all business to help them manage and control risks of external factors having a financial impact on the organisation. This could be unforeseen risks...
Business Law

Business Law

Business Law Whatever your view on business rules and regulations, they are there and, as such, non compliance is not an option. Although this is not the most exciting part of planning a business, the simple fact is that if there are regulatory or legislative factors...
Registering with HMRC

Registering with HMRC

Registering with HMRC If you register with HMRC as a self-employed person (i.e. sole trader or partnership) you will pay tax on any profits your business makes at the end of your trading year. This is not just on any personal earnings but the bottom line on your year...
Appointing a Good Solicitor

Appointing a Good Solicitor

Appointing a Good Solicitor The timing of choosing a solicitor can be really tricky and not conducive to a well thought through strategy. It’s often because a legal issue has arisen out of the blue, or there is a planned transaction such as a building purchase or...
Planning Permission

Planning Permission

Planning Permission In another article we talked about working from home and the considerations that need to be taken before deciding if it is the right place for your business. If you have decided or are seriously considering working from home it is worth noting...
Telecoms for a new business

Telecoms for a new business

Telecoms for a new business Editors Note: Expert content needs an expert content writer and Yorkshire Powerhouse is pleased to publish this business advice article on Telecoms for SME’s, kindly written by a real expert in his field – Matthew Cranney from Flex...
Business Premises

Business Premises

Business Premises Commitment to take on business premises (bought or rented) is a very big decision for a business but especially a start-up. The considerations required if you decide that business premises are needed are some which should involve thorough research to...
Working From Home

Working From Home

Working From Home Working from home might seem like the dream. No traffic to battle through, no set hours in the office, no structure of when to take your break and for how long. But it isn’t always the dream it is made out to be. It requires serious consideration...
Finding a business coach

Finding a business coach

Coaching for new businesses Why use a coach when you are starting up your own business? Finding a business coach can viewed as finding your critical friend who isn’t there to tell you what to do. A business coach is there to support you achieve the goals you have set...
Planning

Planning

Planning – an introduction to this section Quick Links: There are literally hundreds of business advice articles within the Yorkshire Powerhouse website for planning related content – for some of the main sections please simply click on: Pre-planning your business...
Understanding limiting beliefs

Understanding limiting beliefs

Understanding limiting beliefs Here is a process you can go through to get your entrepreneurial mindset right so you can become the best entrepreneur and the best version of ‘you’ possible. It all starts with your limiting beliefs What is a limiting belief and how do...
What is the entrepreneurial mindset?

What is the entrepreneurial mindset?

What is the entrepreneurial mindset? Entrepreneurs seem to have a specific mindset and approach to their businesses … missing these particular traits can really hinder the person’s progress to true entrepreneurialism. This may be why in Yorkshire 25,000 businesses...
What the heck is NLP?

What the heck is NLP?

What the heck is NLP? Now – there’s a question … and if you were to ask 50 different NLP experts the very same question you would get 50 different answers. NLP is such a big subject with so many amazing applications, backed by science and serious study, that to try to...
Market Analysis / Research

Market Analysis / Research

Market Analysis & Research Having a skill or being knowledgeable or experienced in an area that you feel can be turned into a business is no guarantee of success. No matter which way you look at it, there has to be demand; it’s straight forward – without a...
Seeking Support

Seeking Support

Seeking support for your business idea Small business support When starting a business it is unwise to be totally self-reliant. Sure, the idea, the execution and the rewards will be down to you but there is a vast amount of support available to make the easy decisions...
Are You an Entrepreneur?

Are You an Entrepreneur?

Are You an Entrepreneur? BIG decision!! Before you start planning a business venture you need to consider a number of things. Not least is a critical analysis of your personal attributes, experience, knowledge and skills that will make your business successful....
Business Idea

Business Idea

Developing Your Business Idea Many sources can be the basis for you to generate a good business idea. It’s fair to say that most are influenced by existing skills, your previous experience or the knowledge that you already have … often coming from your existing work...
SWOT / PEST Analysis

SWOT / PEST Analysis

SWOT Analysis / PEST Analysis Completing a SWOT / PEST analysis is a fundamental part of planning a business – remember to download our FREE planning resources which will include layouts for these documents.  Just click on this link for FREE downloads! SWOT...
Compliance Considerations

Compliance Considerations

Compliance Considerations It is so important for an entrepreneur to concentrate on growing and building their business. However, to do this with no distractions, the foundations of good compliance must be in place. Food handling, food retailers or restaurants must...
Home or Premises

Home or Premises

Home or Premises The numbers of people starting business from a bedroom at home are increasing as every year goes by, facilitated by home communication and developed IT products. In Yorkshire, this tradition goes back to the Industrial Revolution where the wool...
Suppliers & Partners

Suppliers & Partners

Suppliers & Partners When planning your business idea, it is worth taking the time to consider who your suppliers and partners will be. This is a little more complicated than just doing a search on Google. When your business margins are tight and you aim to make a...
Competitor Analysis

Competitor Analysis

Competitor Analysis Completing ‘competitor analysis’ is a fundamental part of planning a business – remember to download our FREE planning resources which will include layouts for these documents.  Just click on this link for FREE downloads! It is...
Pricing Your Product or Service

Pricing Your Product or Service

Pricing Your Product or Service Setting your prices at the right level requires an in-depth knowledge of your market and who you are looking to sell to. Your research on potential customers and competitors is key to getting this right. Whether it’s ‘expensive and...
Setting Your Visions and Goals

Setting Your Visions and Goals

Goal Setting There is a well used acronym to help define goals (not just business but it can also be personal or any other walk of life) known as SMART. When you are writing your business plan, you should absolutely define goals and ambitions to help you measure your...
Business Types & Structures

Business Types & Structures

Business Type & Structure You will need to elect a business type or structure for your business and getting this right is essential – making the wrong choice can change how much tax you pay and how you account for your business. Once you have completed your...
Naming Your Business

Naming Your Business

Naming Your Business Thinking of a good business name can be an enjoyable task. It is something you can have fun with but there is a serious consideration to be taken into account. This will be your projected image to the world and one of your primary marketing tools....
The One Page Business Plan Concept

The One Page Business Plan Concept

The One Page Business Plan Concept Condensing your full business plan into a one page plan is a great idea – remember to download our FREE planning resources which will include example layouts for these documents.  Just click on this link for FREE downloads!...
Disruption and Disruptive Business Models

Disruption and Disruptive Business Models

Disruption and Disruptive Business Models Harvard started lecturing on the concept of ‘disruptive innovation’ in 1995 – so this whole subject is not a new thing. In researching this article, I’ve read articles, books, papers and blogs, I’ve watched webinars and...
The Core Principles for a Strong Business

The Core Principles for a Strong Business

The Core Principles for a Strong Business Model Strong businesses are resilient and based on an ethic that protects them from harm. Yorkshire Powerhouse was privately set up to encourage strong and profitable businesses … this is good for everyone as a strong business...
Strategic Business Models

Strategic Business Models

Strategic Business Models One trap many new start businesses fall into is to simply start competing in an existing market in the same way that all the other competitors already do! Sure, they might be cheaper or have a slight difference with their delivery but many...
The Wheel of Life Exercise

The Wheel of Life Exercise

The Wheel of Life Exercise Completing the Wheel of Life exercise is a way to review and balance 8 important areas in life, each of which elude to a ‘successful life’. In the pursuit of goals, it is mentally important to ensure that all areas of life within this wheel...
Be a goal getter not a goal dreamer

Be a goal getter not a goal dreamer

Be a goal getter not a goal dreamer SMART goal setting is a globally renowned way to set goals but that really is just the tip of the iceberg. The true purpose of goal setting is to motivate a person into Goal Direct Activity. That activity repeated in the right...
Selecting Business Values

Selecting Business Values

How your business values can help you succeed When you are setting up your business you want it to reflect what you believe as it grows – and you also want it to stand out from the crowd. Values help with both these which is why they are the foundations of a strong...
9 Key Measures for Data Protection and IT Security

9 Key Measures for Data Protection and IT Security

9 Key Measures for Data Protection and IT Security Editors Note: Expert content needs an expert content writer and Yorkshire Powerhouse is pleased to publish this business advice article on IT Security and Data Protection, kindly written by a real expert in his field...
Planning your marketing and Writing a Marketing Plan

Planning your marketing and Writing a Marketing Plan

Planning your marketing and writing a marketing plan Editors Note: Expert content needs an expert content writer and Yorkshire Powerhouse is pleased to publish this business advice article on Marketing Planning and Marketing Strategy, kindly written by a real expert...
Planning Your Business Finances and Requirements

Planning Your Business Finances and Requirements

Planning Your Business Finances and Requirements Good financial planning is a vital requirement of starting a business and has complex aspects, particularly in the cash flow projections. Tax, VAT, payment terms, debt collection, projections and credit ratings amongst...
A ‘customer focused’ new business

A ‘customer focused’ new business

Why your new business should be customer focused When you are starting a new business, you have a lot to plan and do. You may have a new product or service which you are certain will take the market by storm, and so you focus on how to promote it. Your focus though,...
Writing a Business Plan

Writing a Business Plan

Writing a Business Plan The business plan is a means to an end. It forms a platform for the management or owner which forces them to think through all element of their business. Whilst a good business plan alone can’t guarantee success, we can confidently endorse the...
Pre-Planning Your Business Idea

Pre-Planning Your Business Idea

Pre-Planning Your Business Idea If you’re thinking of setting up a business, you should do enough pre-planning, but not too much! The real key to pre-planning is to do enough to ensure that the idea is sound, be clear on what you are going to do, how you are going to...
BREXIT and your Insurance

BREXIT and your Insurance

BREXIT and your Insurance The UKs exit from the EU and your Insurance As the BREXIT transition period ends, there will be a point where the UK leaves the EU, likely to be the 1st January 2021 depending on what agreements, if any, are made. Whilst we can deal with...
Cyber insurance – an overview

Cyber insurance – an overview

Cyber insurance – an overview Cyber insurance is now becoming something that most businesses are considering as the reliance on digital assets, methods of communication and flexible working practices become the norm for UK SMEs. GDPR and Covid related lockdowns have...
Following up on prospects

Following up on prospects

Following up on prospects Editors Note: Expert content needs an expert content writer and Yorkshire Powerhouse is pleased to publish this business advice article on Marketing Planning and Marketing Strategy, kindly written by a real expert in her field – Margaret...
Making Your First Sale

Making Your First Sale

Making Your First Sale Editors Note: Expert content needs an expert content writer and Yorkshire Powerhouse is pleased to publish this business advice article on Marketing Planning and Marketing Strategy, kindly written by a real expert in her field – Margaret...
Communicating Your USP

Communicating Your USP

Communicating Your USP Editors Note: Expert content needs an expert content writer and Yorkshire Powerhouse is pleased to publish this business advice article on Marketing Planning and Marketing Strategy, kindly written by a real expert in her field – Margaret...
Defining Your Unique Selling Point

Defining Your Unique Selling Point

Defining Your Unique Selling Point Editors Note: Expert content needs an expert content writer and Yorkshire Powerhouse is pleased to publish this business advice article on Marketing Planning and Marketing Strategy, kindly written by a real expert in her field –...
Marketing Metrics

Marketing Metrics

Marketing Metrics – The Importance of Measurement Editors Note: Expert content needs an expert content writer and Yorkshire Powerhouse is pleased to publish this business advice article on Marketing Planning and Marketing Strategy, kindly written by a real expert in...
Understanding the Marketing Mix

Understanding the Marketing Mix

Understanding the Marketing Mix Editors Note: Expert content needs an expert content writer and Yorkshire Powerhouse is pleased to publish this business advice article on Marketing Planning and Marketing Strategy, kindly written by a real expert in her field –...
A Guide to GDPR

A Guide to GDPR

A Guide to GDPR GDPR objectives The General Data Protection Regulations give individuals control over personal data. The legislation was introduced to show businesses how to think seriously about personal data, how it is managed, stored and therefore ultimately used....
Sources of Finance

Sources of Finance

Sources of Finance You need to work out how you are going to finance your business and raise the funds to make a start. Unless you have plenty of spare cash (in the experience of Yorkshire Powerhouse this is highly unlikely!) the odds are you will be looking to use a...
Start-up Costs

Start-up Costs

Start-up Costs Keeping start up costs to a minimum is a natural instinct. However, taking this approach can sometimes contradict activity that the business would ideally like to do in order to get the best possible start. The main thing is that you spend money on what...
Personal Survival Budget

Personal Survival Budget

Personal Survival Budget It is always important that you establish what you want from your business in regard to your personal financial reward. As part of your initial planning for your business, you should establish what your Personal Survival Budget figure is. Do...
Understanding Cash Flow

Understanding Cash Flow

Understanding Cash Flow Inside your Business and Out – Part 1: Your Business Every business needs to be effective in managing the money coming in and going out. Effectively managing cash flow forms the life blood of any business and needs to be one of the key priority...
Mapping your customer journeys

Mapping your customer journeys

Mapping Customer Journeys You have probably heard or read about the need to create a sales funnel – a series of touchpoints for potential customers to become aware of your business and eventually buy from you. However, if you just create a sales funnel you have only...
Building Employee Engagement

Building Employee Engagement

The 3 key elements to building employee engagement I work with many businesses who want to be customer focused. Many of them are confused when I recommend starting with their employees – until I explain why. You need to think of your employees as customers and...
Why Your Business Needs Cloud Back-Up

Why Your Business Needs Cloud Back-Up

Why Your Business Needs Cloud Back-Up Editors Note: Expert content needs an expert content writer and Yorkshire Powerhouse is pleased to publish this business advice article on IT Security and Data Protection, kindly written by a real expert in his field – James...
Laptop Security – How Secure is Your Data?

Laptop Security – How Secure is Your Data?

Laptop Security – How Secure is Your Data? Editors Note: Expert content needs an expert content writer and Yorkshire Powerhouse is pleased to publish this business advice article on IT Security and Data Protection, kindly written by a real expert in his field – James...

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