Ryan Patrick

Are you willing to kickstart your entrepreneurship journey with minimal or zero capital? Say no more. Amazon dropshipping is the way to go. The report has it that e-commerce retailers that use dropshipping earn 50% more than other retailers. This automatically means that as a new entrepreneur, you can earn

According to research, PayPal has 426 million active users, including consumers and merchants in over 165 countries worldwide with a CAGR growth of 10.76% over the past five years. PayPal is considered one of the most popular money transfer companies in the payment services industry. Individuals and corporations use

Every business undergoes a supply chain network from the raw materials stage, through the production process and the eventual distribution of products to the final consumer. Private Label serves as a middleman between the production and the final consumer. Although it allows you to take ownership of the product you

The dream of every young entrepreneur is to scale up their business. It is cool to start the business as a sole trader till you eventually find your feet and become more established. When you decide to start a business, you must choose which option to set up: Sole Trader

After suggesting a new business idea, an entrepreneur first thinks about the capital required to bring the concept into realisation. It takes intentional thinking to develop a concept and finance to fund it. While these concerns are valid, you have less to worry about how to start a business with

Besides fierce competition, most startups have limited resources, meaning investing in cybersecurity may not be a priority. As a result, cybersecurity often takes a back seat, as it's viewed as a LUXURY reserved for established corporations. After all, who is bothered with a startup? Regardless, cybersecurity is a

In the early stages, most small business owners face difficult times. The thought, will I ever make profits? Will my business get off the ground? These questions may linger in the minds of business owners in the beginning. The ultimate goal for any business is taking off and making profits.

As a freelancer or independent contractor, you enjoy the freedom to work on your own time. However, in the UK, you may find it hard to get regular projects due to tax risks or issues with employment rights. To solve these issues, you need to work under an umbrella company.

The UK has different company registries in Scotland, England, Wales, and Northern Ireland. This means if a company is registered in Scotland, they must have their registered office in Scotland and can't move their registered office in other jurisdictions. A company cannot change the country of registration, so

A limited company can operate without employees, especially if it's a sole proprietorship. During the formation of a limited company, one person must be appointed as director. The director is enough to run the company and ensure it complies with all legislation. However, it's not a

The United Kingdom's ecommerce market is the fourth in the world, making it RIPE for selling products online. Launching an online business is simple and fast if you have the right idea or service. With such a vibrant market for ecommerce stores, there are many platforms to facilitate

You're obligated to inform Companies House when you move house or make other changes in your company like issuing new shares. Just as the incorporation process is open and transparent, so is running a company in the UK. All information presented to Companies House during incorporation must remain

Hiring the right people in your company is key to establishing a profitable business that is compliant with the law. One of the most sensitive roles in a company is the position of a company secretary, and it needs a qualified candidate. Managing a company, whether a startup or an

Companies release preferred shares or stocks to raise capital. Preferred shares or stocks have the characteristics of debt and equity investments. They're considered hybrid securities that allow shareholders to receive dividends before equity shareholders. When a company faces financial challenges like a loss or winding up, the first

Are you a small business owner in the UK looking to buy or lease company cars for your workers or yourself? If this sounds like you, it's crucial to understand what leasing a company car means in terms of taxes. Please spare a few minutes to read our

Venturing into business is exciting, but there’s more to do to ensure your business is safe from lawsuits, damages, or cost claims. Insurance policies protect your company from unexpected risks that can arise during normal business operations. There are several insurance options business owners can choose from to keep

The self-assessment tax return is the system HMRC uses to deduct income tax from self-employed individuals or any other income that isn't taxed through PAYE. If your employer doesn't tax your income, you must DECLARE it to HMRC and pay the appropriate tax via an assessment

The Accounting Reference Date (ARD) is the day that determines where a company's financial year begins and ends in the United Kingdom. On this day, companies must file their annual accounts with the UK's registrar of companies, Companies House. Company directors are responsible for setting this

Many limited companies within the UK adopt the model articles when they don’t wish to create a bespoke company’s articles of association. This used to be a normal and legally sensible act until recently when a judgment from a high court case questioned the use of model articles

As an artist or crafter within the UK, one way you can monetize your skills without having to spend a lot is by setting up an Etsy shop. Etsy provides a platform for creative individuals to produce and sell uniquely designed items. With it you can come up with several

Credit is a company’s lifeblood in today’s business world. While a low credit score can keep doors of opportunities closed, a high credit score can lead to new opportunities. As a business owner, you need to be aware of and take care of your credit score. This comprehensive

Obtaining capital is usually the most important factor in every business venture since it provides the necessary driving force to turn entrepreneurial ideas into reality. Navigating the numerous funding sources in the ever-changing UK business ecosystem can be difficult but essential to success. Seeking financial support necessitates a thorough comprehension

In a business world full of competition, safeguarding confidential company information is necessary to guarantee your business's success. A non-disclosure agreement (NDA) is a vital legal framework that protects sensitive business information. Whether you're a start-up, an established company owner, an employee, or a consultant, you

A company may issue shares during or after formation. The shareholders who purchase these shares must pay for them in full during the issuance. However, there are circumstances where a company may allot nil-paid shares. Nil-paid shares are shares that aren't paid for, but the shareholders have already