UK Business

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How to Eliminate Money Leaks to Maximise Profit

Are you in entrepreneurial poverty? Are you left with so little every month, even if you work to the best of your abilities? In this context, we will be talking about eliminating money leaks to maximise profit. It might be that there are simply money leaks in your business! Imagine a water tank that you fill …

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Should I be a Sole Trader or Limited Company?

Join our exclusive training session The Wealth Lab this coming September to learn and build your implementable Profit Plan. In this article, the main highlight of whether to be a sole trader or limited company. When it comes to legal business structures, entrepreneurs have an option to register as a sole trader (or partnership) or …

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Are You Embarrassed By Your Profit?

The thing with doing business is that everyone around you almost always thinks that you’ve got it good. You’re earning heartily, and you have hours on end to spare. Most people attribute “doing business” to being well-off or financially stable. However, that is not always the case – isn’t it? In this article, we will …

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Habits of a Profitable Entrepreneur

You won’t read here the same old “make sure you get to sleep, exercise, and eat right,” because these habits are important for anyone’s life, not just for a profitable entrepreneur. That said, let’s assume that you already have those healthy habits in place. However, there are five habits that I believe are incredibly important, …

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How To Close Down Your Business Responsibly

The COVID crisis has been one of the most damaging world events in recent history. The United Kingdom is still battling its apparent hold on our population. This has also led to many other issues. The world market is crashing, and many local businesses are suffering because of it. Here’s an ideal insight on how to close …

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When Does A Business Become Insolvent?

The coronavirus 2019 has been cruel to humanity for the past few months. It has forced the world into a screeching halt. People’s lives were changed in just a span of a few weeks, and millions of people are now affected by the said virus, businesses are becoming insolvent. As the world stopped, though, another …

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How to Set and Raise Your Prices in Online Business?

Many entrepreneurs and businesses, especially startups, often fear one thing: Losing opportunities to sell and profit. This fear also often cripples them and prevents them from moving forward with their business, and they end up missing out on opportunities that they could have profited more from online business. One such instance when this fear is …

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How To Price Your Services?

When you are starting, one of the biggest concerns that you may have about running a business is identifying at which price point you should offer your services to clients. When you are a product-based business, this situation plays out differently. You can determine your pricing based on the computations you have on raw materials, …

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