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What Happens When You Declare Bankruptcy In The UK?

Posted on by Murray & Lamb

Bankruptcy is a method of dealing with and clearing your debts. However, it should only be considered as something of a last resort due to its severe consequences. If you can’t pay back your debts and you have exhausted all other options open to you – such as debt relief orders or individual voluntary arrangements … Continue reading

What Happens When You Don’t Pay Your Taxes UK

Posted on by Murray & Lamb

Tax evasion is where an individual or corporation illegally avoids paying their due tax. Tax discrepancies can be because of miscalculations or mistakes; however, deliberate misrepresentation can also occur where the taxpayer intentionally reports their income or profit to be less than it is, reducing the apparent taxable amount. This criminal behaviour applies to all … Continue reading

What Are The Fastest Growing Industries In The UK?

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When it comes to winning investment, a business’s growth will be a big influence. Business growth is inextricably linked to rises in revenue, stock value and the subsequent profit that investors can make. It can be a complex process to predict how well individual companies will fare, but on an industry level, the trends are … Continue reading

Characteristics of successful entrepreneurs

Posted on by Murray & Lamb

A great number of new businesses are founded and registered every year, however, few will go on to become hugely successful. Although there are many factors which can affect the success of a business startup, an influential one, particularly in the early stages, is the character of the entrepreneur. As the driving force and visionary … Continue reading

5 Characteristics of Successful Entrepreneurs

Posted on by Murray & Lamb

A great number of new businesses are founded and registered every year, however, few will go on to become hugely successful. Although there are many factors which can affect the success of a business startup, an influential one, particularly in the early stages, is the character of the entrepreneur. As the driving force and visionary … Continue reading

How to Forecast Profit & Loss For Business Owners

Posted on by Murray & Lamb

Creating a profit and loss forecast is an important part of financial planning but can seem like a daunting prospect, especially for start-ups. Working out estimates for revenues and costs will ensure that your business plan is feasible and will allow you to make adjustments to allow profitability, or breaking even, in the face of … Continue reading

5 Things That Make A Long-Term Business Plan Reliable

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Most entrepreneurs will have an idea of what they want their business to achieve, but not all will solidify this in a long-term business plan. Long-term strategy and planning can help focus and guide all that your business does, leading to more successful results and allowing you to achieve definitive goals. Although putting ideas to … Continue reading

5 Things to Consider When Hiring Your First Employee

Posted on by Murray & Lamb

When Should I Hire My First Employee? A monumental step to take when your business is expanding is hiring your first employee. Whether you’re worked off your feet, or are encountering tasks which require more knowledgeable input, at some point in all businesses it’s time to add to your solo enterprise. Hiring an employee should be … Continue reading

Should I Hire an Accountant?

Posted on by Murray & Lamb

When to Hire an Accountant If you’re running your own business, there are many occasions in which the aid of a professional accountant can make your life easier. Without the necessary understanding of business finance and legislation, it is common for business owners to get bogged down and confused by their financial figures. For this … Continue reading

How to Pitch your Business Idea

Posted on by Murray & Lamb

Your business pitch is often the deciding factor in whether you attract interest to your company or not. Whether you’re pitching for investment, mentorship, during networking or for other reasons, it is an undeniably vital part of getting your business idea off the ground. However, the skill of pitching is unlikely to be something that … Continue reading