Monthly Archives: April 2013

Three Essentials For Starting Up Your Own Business

    It all starts with a great idea; but only some ideas ever turn a profit.  According to recent research by the Office of National Statistics, between 2008 and 2012, there was a 10% rise in self employment, that coincided with the economic downturn. Here’s some advice for the 10% who are venturing out alone, that can provide a sure-fire advantage.

A Business Plan

Having a business plan focuses goals, and solidifies cash flow into a monetized action plan.  The business plan itself should be focused on a couple of key areas: the executive summary, the vision, sales and marketing and finances. Goal setting and a comprehensive risk analysis, are the first steps in the right direction.


One of the most important aspects of being self employed, is putting aside tax for the first yearly self-assessment. A self employed business owner normally pays their first round of tax on the 31st of January, following their first complete tax year.  Therefore it’s essential to have impeccable record keeping practices, to avoid any issues. Also, remember that a self employed person is only required to register for VAT once their annual turnover exceeds £77,000. This figure is raised in line with inflation every year.

There are more complicated taxation laws affecting the self-employed. In most cases, seeking taxation advice from an accountant is wise.

 Business Insurance

Plenty of self employed people use their home as an office. It’s important to remember that home offices must comply with the Health and Safety Act. This means that standard risk assessments of the property are required.  This could be as simple as child-proofing the work area, or testing the electrical wiring in the property.  To ensure that you, your customers and your products are covered, investing in home business insurance is a smart idea. Business from home insurance will include cover for business-related money and stock, and may also include public liability cover to provide cover against a member of the public injuring themselves on the site of your home business. Although hopefully you’ll never need it, this sort of cover is essential if things go wrong.

With some pragmatic actions in setting up the business, you can minimise financial risk. Then it’s onwards and upwards towards success!

Frauds And Ripoff Reports

    Imagine an individual who goes into a business he has never dealt with before. This lone consumer does not know if he can trust the business. He may come out smelling like a rose, or he can end up losing money.   If he loses a small amount, he may not worry about the problem as much. If it is a large amount of money, such as a bill for a car repair or a home repair, he may be out hundreds or thousands of dollars. Bad business deals may cause the individual to run into expenses that are millions of dollars.   Someone who wants to avoid this problem should visit the Can You Trust Them website.

The Can You Trust Them website offers frauds and ripoff reports.  These reports can help a consumer from dealing with a disreputable business. There are times when these reviews can help someone from making a mistake.  In fact, if there are a number of such reports on these websites, it is a clear indication that an individual should avoid a particular business.  It only takes a few minutes to search for the business on this website.  Why not check them out before making a decision that could cost a person hundreds or thousands of dollars?

How To File A PPI Claim

    There are lots of people all across the UK in need of help in filing a PPI claim. A PPI claim is a claim that pertains to the payments protection insurance that many bank customers took out without their consent and without receiving full information as required by the law. The law is very clear regarding such matters.

Whenever a customer is subscribing to a financial service, the provider of the service will be required by law to provide them with all the relevant information necessary so they make an informed decision. Any borrower or loan holder with a bank who is suspicious regarding their loan can have a claims management company have a look at their contract. Such a company is able to provide suitable advice and information to the client and help confirm whether they qualify to file a ppi claim.

The process is normally easy and straight forward. A bank customer who believes their contract doesn’t feel right can have the claims management firm have a look at it. If there are anomalies such as unknown caveats and so on regarding insurance payments such as PPI, then the customer may be justified in proving to the government they have a case and deserve compensation.