Flourishing Tech Areas in the UK

With Brexit hanging over the UK like a grey cloud, many businesses have begun to struggle. Although the UK employment rate is at its lowest for decades, there are indications that Brexit has affected the country’s economy, especially in the banking and industrial sectors. Investment has also stagnated at worse rates than experts predicted, causing panic to small businesses and worry for some foreign companies that set up shop on British soil. However, among the dark clouds is a silver lining. There are many areas of technology in the UK where business is booming. Here are some of the promising signs in the UK’s current tech industries.


tech in the UK

Online Gambling

Government research by the Gambling Commission shows that nearly half of UK residents gamble and that figure has increased of late. There may be many reasons for this, but one reason must come down to the excellent work by UK casinos and online UK casinos. They have been providing residents with fantastic and safe gaming experiences through their adoption of the latest technology. InTouch Games is one UK company that stands out from the pack and even picked up the Digital Business of the Year award for their hard work.

Great British Academic Institutes

One gateway to starting innovative and unique tech companies is education. The likes of Oxford University and Cambridge University have helped many researchers and students pave the way to technological success. Some examples of their contributions to the country’s tech industry include Cambridge’s Darktrace, a cyber defence creation, and Oxford’s ‘DNA sequencer’ known as Nanopore, which has gone global.

Silicon Roundabout

The USA may have Silicon Valley, but London has its own epicentre of technological enterprises. Social media companies, financial technology businesses and even Google hold the keys to London’s tech real estate. This tech neighbourhood collectively contributes to an annual turnover of more than £150 billion.

Up the M1

Even though London boasted over 650,000 startups last year, just a trip up the M1 to the north of England and you will discover similar cities supporting new tech businesses and tech growth. Manchester is one city where tech gurus are flocking to due to similar opportunities as London, but with much more costly office spaces. The city has even been the home of the BBC for years, and the base for tech companies such as alternative broadcaster ITV and MediaCityUk.

Unicorns Exist in the UK

In technology circles, a unicorn is defined as a tech company that has a turnover in excess of $1 billion. In the UK, there appear to be many unicorns around. Due to stellar education and more opportunities than ever, the UK is facilitating the growth of the best technological inventions and ideas. It is estimated that the UK is home to 15 of these successful tech companies – and they span across five different cities.

Brexit may be causing uncertainty and a stagnation of investment in some industries, but the tech sector appears to be pushing through and continuing to flourish on UK soil. How this will play out as the Brexit departure date draws closer remains to be seen.

How Online Study Can Help You Climb The Business Ladder

Being a hard and enthusiastic worker will get you noticed, whatever kind of office or business environment you work in, but to make the most of your potential you can often need something a little extra: advanced degree qualifications. Holding a master’s level degree in a business related subject can help you gain the management positions that can lead to directorships, and the good news is that you can now study at the same time as holding down your job.

student_entrepreneur

Online degrees at leading universities such as Suffolk University of Boston, Massachusetts are open to candidates from across the world, meaning that you can fit study around your work and business commitments. Here are just some of the vital business skills you can learn or improve thanks to online study, and they can really help you climb the office career ladder.

Core Business Skills

To rise to the top of the office or business world, you’ll need to be competent in a range of core business skills. These include strategic thinking and planning, allowing you to see the full picture rather than just one aspect of the operation, business law, economics, statistical analysis and the use of information technology within a modern business environment. These skills are the key to business success, and they also form the foundations of the Master of Business Administration degree from Suffolk University Online. Having the letters MBA after your name, especially from such a well respected institution, shows your employers that you have the skills they need to help drive the business forward.

Communication Skills

Business managers and leaders come in many different forms, but one thing they all share is an ability to communicate effectively, whoever you talk to. That’s why one of the key advantages of completing a Master of Business Administration degree is that you’ll learn the theory behind better communication, and then be able to put it into practice. When you’re an excellent communicator, you’ll be able to impress your workers, peers, and those in senior management positions, and that can be key to gaining the promotions you deserve.

Change Management

The world we live in is changing rapidly, and that includes the business world too, which is why our offices and working places are being transformed year upon year. It’s also why change management skills are so important, as they mean that the manager can assess the need for change, and then make the changes as efficiently as possible that will allow them to keep ahead of the game, rather than chasing the pack. This brand of fast, forward thinking is one of the most essential skills that a business leader can possess in today’s volatile corporate climate.

Business Analysis

All business generate a vast number of statistics, and follow a number of common patterns, so being able to recognize these patterns and correctly assess the statistics is a key business skill. This advanced level of statistical analysis, and the business awareness that is needed alongside it, doesn’t come naturally to all managers, but it is a skill that can be learnt or improved upon as part of a course of online study for a Master of Business Administration degree. When you know what the data is really saying, then you’ll have a significant advantage over other businesses who only have a superficial or momentary understanding of their data.

Accounting

An MBA isn’t the only invaluable business degree that can be studied online with Suffolk University. Their Master of Science in Accounting course helps students gain advanced knowledge of forensic accounting and corporate accounting. This can prove invaluable not only when it comes to the time to file tax returns, but also for the creation of business plans, and the production of accurate forecasts which can help businesses gain additional funding and investment. This degree also provides a perfect springboard for people who wish to take professional accountancy qualifications such as the CPA and CMA exams.

Corporate Finance

Accounting is closely linked to business finance, but a Master of Science in Finance Online degree can help you gain a more complete understanding of the financial and economic factors that can help a business become more successful. Completing this higher degree means that you’ll understand business finance on a global scale, and that you’ll understand how investments work, including portfolio management, security valuations and the mechanisms of capital markets. People who have business finance degrees at a master’s level are not only attractive to their employers and potential future employers, they can typically expect to attract a higher salary, and be offered roles with more responsibility and a greater prospect of promotions. A degree in finance can supplement professional qualifications such as the CFA accreditation. 

Business Analytics

A Master of Art in Business Analytics degree is also available online, making this vital subject accessible to more people than ever before. There are many tools available today for advanced business analysis, including SQL, SAS, and SAP, so having a good knowledge of all these systems and more is a skill which is in growing demand. As an expert in business analytics, you’ll also have that all important business mindset, which means that you’ll be able to quickly assess factors affecting the business you work in, and take decisive business decisions that make a positive outcome more likely. It’s also possible to specialize in this area for people who work within, or who are looking to work within, healthcare management, marketing, finance and accounting.

Online business courses provide master’s degree knowledge and qualifications to students from across the world, helping to forge some of the global business leaders of tomorrow. You’ll learn from highly experienced business tutors, including leading entrepreneurs who’ve enjoyed great success in their field. This can be highly motivational to online students, and you’ll also have the chance to engage with your fellow students, allowing you to fully enjoy the study experience, wherever you’re based. Studying online also means that you can study where you want, whenever you want, so you can put these powerful business skills into practice at the same time as you’re studying them.

Exploring the World: 10 Must-Have Smartphone Apps to Make your Travels a Breeze

 

Your smartphone has become almost as essential as your passport when you are traveling and there are a number of apps available that can make your journey go smoothly.

Here are ten of the must-have smartphone apps that need to be on your travel arrangements checklist.

travel

Budget better when you pay later

The general purpose of any app is to make your life easier and help you get what you want or where you want to be in the easiest and quickest way possible.

One app that aims to do all those things for you is ePayLater – Buy Now Pay Later.

If you want to book an Uber, order some food, or make some travel arrangements, these are all things you can do with the app and settle the bill later, which makes budgeting a whole lot easier.

Here is a quick explanation of how the app works on Uber.
screenshot 27th may

Keep up to date with flight information

There is nothing more annoying than hanging around at the airport because there is a delay and it’s better to stay informed via your phone rather than staring at a board every few minutes while you wait for an update.

FlightAware saves you downloading all individual airline apps and gives you real-time data, allowing to track your flight via your smartphone.

 

Head for the lounge

Delays and extending waiting times are an integral aspect of airline travel and you might as well kill time in comfortable surroundings.

LoungeBuddy is an app that aims to guide you toward the nearest airport lounge and give you access on a pay-by-use basis.

 

All your travel plans in one place

Keeping track of your travel itinerary can be a real challenge and a way to beat that problem is to have access to all the details in one place.

The Tripit app works in line with your mailbox and it makes it much easier to pull up booking numbers and other details in an instant. Google Trips also helps plan and manage trips.

 

Don’t get stung with currency calculations

Traveling to different places in the world means trying to get to grips with local currencies and it can be a nightmare when you realize that you have got your calculations horribly wrong and handed over too much cash.

If you use a currency exchange app like XE in can do the math for you and help you avoid making a mistake with your money. 

 

Stay online

It always helps to have access to WiFi whenever you want it and it can be a challenge finding a reliable connection when you are traveling around.

An app such as Wifispc helps you stay online by providing you with a list of available WiFi networks and passwords.

 

When you need to go

We have all had some experience of being desperate to find a toilet but not knowing where to look because we are in an unfamiliar area.

Flush is an app to help you contend with that dilemma as it uses the GPS to find the closest public toilets.

 

What’s the weather like?

There are plenty of weather apps around and that’s because most of us want to know what the day is going to bring so that we can plan and dress accordingly.

One app that is worth considering is WeatherPRO, which has a handy UV index and water temperatures, giving you a clear idea of what to expect when you head for the beach.

 

A translation app that still delivers

Google translate has been around for ages and there are plenty of newer apps that have tried to steal their thunder but it still ticks a lot of boxes for plenty of travelers.

 

A handy feature on the Google app allows you to aim your camera at some foreign language text you need deciphering and, in a matter of moments, the translation appears before your eyes.

 

Dealing with a minor medical issue

 

Accidents and injuries happen, and they can throw your vacation into turmoil if you don’t know some basic first aid.

The American Red Cross app gives you some handy tips and shows how to prepare for a medical emergency.

If you are planning on exploring the world and want to make the experience as rewarding and easy as possible it makes sense to load your smartphone with some apps that will come in handy in all sorts of different situations.

 

How To Use Trade Shows To Grow Your Business

 

 

 

Trade shows have many benefits to exhibiting the business and its product. They create a powerful platform for meeting prospective customers through its visibility or informing the industry about their credibility.   Your trade show booth communicates your story, your brand, and emphasizes your unique benefit to the industry aka why consumers should choose your product or service over the competition.

SXSW-Trade-Show-2018-photo-by-merrick-ales-1439x810

The entire process of showcasing at a trade show can be tedious and expensive unless you have the right partner who is focused on your success through unique solutions and the best exhibits with portable trade show displays.

All portable trade show displays are not the same. Some are strong, while others are fragile. Some can withstand trade show abuse from year to year while others will make you have to apologize for your display.  Everyone wants an incredible bargain, but there is definitely a reason why the saying “you get what you pay for” is so popular. The type and design of your chosen trade show booth will promote your product or service, reflect your business objectives, and will give you a higher return on investment (ROI).  Also, choose a pop up display that can showcase attention-grabbing graphics, whether a full mural or velcro-attached to fabric panels.

You should be asking the right questions: Plastic versus metal, easy to install or complicated, light or heavy duty?  What is better?: a reputable company or a rare, cheap company that both offer a lifetime warranty?  False benefit differences are not nonessential like magnet-to-magnet versus magnet-to-metal or individual versus attached channels bars.

Quality matters!    

The Quadro Floating Graphic Pop Up (FGS) is the world’s strongest pop up frame and it is designed to last forever.  It is a lightweight, high-quality, and easy-to-assemble portable display. The floating vibrant graphics are interchangeable, quick, and cost-effective meaning you can change them from show to show depending on your marketing message. The frame expands in seconds so you will be “show ready” in no time when you choose an 8 ft., 10 ft., or 20 ft. kit (note: Overstock shares that a 10’ graphic display attracts 74% more attention than a traditional velcro display at your trade show booth).  The Quadro Floating Graphic Pop Up offers a fast set up without tools, a portable roto-molded case, and Lifetime Frame Warranty, among other impressive features.  

Every retailer and business has different goals, different budgets, and different experiences.  As Exhibits NW states, hire a consultant company that gives you peace of mind.  Ultimately, you want an exhibit consultant that can provide you with quality portable displays and are focused on YOU-nique solutions.  

After all of this information, you have one question: Do you want a portable trade show display that is cheap and disposable, expensive and over-engineered, or reasonable and indestructible?

How to Cut Costs as a New Entrepreneur

 

When you’re a new entrepreneur, you face several challenges. Before you get to a point where your business is in a stable place, you’re likely to go through a number of ups and downs. This is a normal part of life, so how much more in the world of business? To help you get to a point of stability, managing your finances is a must. You need to know how to do so in your business as well as your personal life. Without good money management, your business is more likely to fail. In this article, you’ll see how you can cut costs as an entrepreneur.

student_entrepreneur

Buy Used Equipment

The first tip for cutting costs as an entrepreneur is buying used equipment. Unless you’re running an e-commerce site, you’re going to need different types to help you run your company. You can check on platforms such as Amazon or e-Bay for the equipment that you need. However, it’s important that you check reviews and make sure you have some type of a warranty in case it stops working or has one too many faults.

 

Budget

Know how much you can afford to spend every month and stick to that budget. Look for ways to reduce your expenses so that you aren’t going over. Also, budgeting in your personal finances is just as important as doing so in your business. Make sure you separate your business account from your personal finances. If you’re in need of a loan until you next get paid, try guaranteed loans instead of dipping into your business account.

 

Stick to Part-Time Employees

Hiring full-time employees can cost far too much when you’re a new entrepreneur. List out the different roles that you need filled and make a note of ones that don’t need to work from the office full-time. You can offer them part-time contracts so that they only work when you need them to. Embracing remote working could also cut out overhead costs. Examples of roles that fit this description are writers, social media, and web developers to name a few.

 

Use Free Tech

Technology is a must for businesses these days. Without it, your business may not work as efficiently. Look for free software that will help you streamline your business and carry out everyday tasks. In terms of the types of software that is out there, you could use Canva if you have graphic design needs that you’re trying to fulfill for social media or your website.

 

MailChimp is another great free tool that can be used to do marketing campaigns. Another example is Hootsuite, which is ideal for scheduling social media posts. Aside from these, you’ll also find free software for HR or accounting.

 

Negotiate

 

Get good at bargaining and negotiating if you want to cut costs in your business. Doing so will help you experience significant savings when purchasing items and services. Negotiate with both vendors and service providers until you’re able to get an affordable deal.

 

Business can be an exciting journey, especially if you’re someone who wants to establish something of their own. Watching your vision come to life can be a gratifying feeling and you also get to meet a need in the process. Hopefully, the above money saving tips make your journey a lot easier.

Mentorship is Hard to Find for Today’s Business Owners

 

One of the problems with business ownership right now is that there is a lack of mentorship. Sure, there is a lot of mentorship available from people who are a lot older, more experienced, and who have started and run businesses in a different era, but in the age of the internet, it’s hard to find people who you can relate to and who can relate to you in a meaningful way to help you along your entrepreneurial journey. That means that a lot of business owners don’t have anyone to look up to and to model themselves after close to home. It’s not a bad thing, it just means we need to celebrate the people who are breaking out and doing their own things more often.

Businessman working in office

Business ownership is not what it used to be. With today’s technology and ability to work from virtually (and literally) anyway, business owners come in all shapes and sizes are no longer just managers in office buildings counting the minutes until closing time. Business owners from previous generations were very focused on management of business, whereas today’s business owners are focused on growth and reach. Making an impact is as important to business owners as is making money. The motivations of today’s business owners are very different from those motivations of previous generations. Again, this can make it difficult for business owners to reach out and ask for help when they feel a disconnect from those who are working alongside them, perhaps in the same industry, but are approaching business from a different perspective.

What’s more, because business owners can work from anywhere, say a coworking space in Austin today, or a chalet in the mountains of Banff, Alberta tomorrow, it means more flexibility and reachability. Business owners who came up through the ranks over the last twenty or thirty years, in many cases, are still trying to convert their boots-on-the-ground business to a digital version. It’s hard to find ways to relate. However, if business owners that are just getting started are looking for mentorship, it’s important to reach out to these established and experienced business owners anyway.

There are a few reasons for this. The first reason is that despite the industry or time in which one is operating a business, much of the underlying issues are the same. They might manifest in different ways, but they are essentially the same. Many business owners suffer from issues with self-confidence, management, employee hiring and firing, raising capital, and day-to-day operations. As long as both parties recognize the differences and are willing to try to apply them in new and interesting ways, a mentoring relationship might be more than effective. If you pretend that there’s no differences at all, you’ll be doing yourself a disservice and you’ll miss out on opportunities to collaborate, problem solve, and improve procedures. Having said that, if you don’t extend a hand and ask for the help you need, or if you think you don’t need help, you’ll also have problems in the long run. Nobody does this on their own. Every business owner needs help in some way from someone at some point in their career.

Another reason you might want to reach out and work with an established business owner, regardless of the time they got started, or evening they wrapped up their operation, is that you can learn a lot from the mistakes of others. If you leave the ego at the door and approach a potential mentor or advisor with questions that put their skills to use and give them the floor, and don’t make the mentoring relationship all about you, you’ll have a much more effective meeting and get a lot further than if you just bombard your mentor with questions and expect them to solve all your problems.

Mutual respect goes a long way in a mentoring relationship, and whether you are working with someone via  the internet from thousands of miles away from each other or you are enjoying coffee at a local shop, you’ll find that mentorship is a two-way street and you need to give as much as you get. Whether you believe you have anything of value to offer people or not, just offering to listen to someone as they work through problems can go a long way to help them feel like they are getting as much as they are giving.

Why Every Business Needs an Online Pay Stub Generator

Why do businesses fail? According to one survey, around 82 percent of new businesses fail due to poor cash flow management.

If you’re self-employed, you can always be vulnerable to financial challenges.  That’s why it’s especially important to track your income and outgoings. 

Remember, there’s nobody watching your back. It is your responsibility to make sure you manage your accounts and pay your business taxes on time. 

You need all the help you can get. You need an online pay stub generator! Check out why every business needs a pay stub generator below. how to write a business plan

  1. Fast and Convenient 

Your online pay stub generator makes everything easier.  Just set up a template with your basic information (e.g. basic salary, business expenses). 

Every time you go to generate a pay stub henceforth you’ll be given your template. Then, you just fill out the pay stub with the relevant information for the week or month. After this, print it off if you want or leave it saved in the system.

You’re done!

Do you normally spend hours and hours calculating hours and payments? With an online pay stub generator, you can achieve the same results in a fraction of the time. 

  1. Professional Appearance

Whether you’re self-employed or a small business, it’s important that you show professionalism wherever you can.

You need to show clients that your business is a legitimate and trustworthy operation.

People no longer consider pay stubs written down on a scrap of paper with a cheap pen professional. 

If you want to keep up your competitors, you need to make sure you follow the trends in how to operate as a business.

As more and more companies already use an online pay stub generator, you should too!  

  1. Consistent and Accurate 

It’s important to avoid any inaccuracies and mistakes on your pay stub. You could find yourself in trouble with the tax man if you’re not careful.

However, the pay stub software leaves little room for error. You can even produce the entire record of a single employee. 

By removing the chance of human error almost completely, you can be confident that your calculations are correct with a pay stub generator. 

  1. Organized Administration Online

Instead of filing away your pay stubs to get forgotten or lost, an online pay stub generator allows you to keep everything organized.

Each pay stub generated is also saved on the system. If you need to find a previous month’s pay stub you know where to find it.

You can find any pay stub you need with a click of the button.  

 

 

The Best CBSE Class 10 Reference Books If You’re Looking For A Career In Science

Class 10 is the first major decider in your academic journey. It is the first time in your life when you have to appear for the Board examination and face competition on an all-India level. So, your preparation needs to be top-notch.

We all know the importance of class 10 result in your career. To ensure that you get the choice to opt for your favorite stream, you have to score well in your Board examination. As every candidate is aspiring for the same, you need to put in that extra effort and only the right choice of books can help you in doing so.

For that, you would require a guide in the form of a list of the best reference books for Class 10 CBSE and we are right here to help you with that.

In the library - Aisian female student with books working in a university library.

Build Your Concepts with NCERT Books

When it comes to CBSE, nothing can beat the NCERT books. Only after you have thoroughly gone through each and every line of these NCERT books, you can move to the other reference books. Here are some tips on how you can make the most of the NCERT books:

Read every line and paragraph: CBSE follows the trend of asking one line questions from inside the chapter. So, it will be helpful if you go through every line and every paragraph of the chapter. Memorize the important facts and if required, make your own questions and note them down with your answers.

Refer to tables and diagrams for better memory: Facts presented in tabular form helps you to remember them better. A concept becomes easy to grasp if it is presented with the help of a diagram. When process-based questions are asked in the exam, you need to represent your answer with a suitable diagram.

Make use of the examples for easy understanding: The examples given in between the chapter help to increase conceptual clarity. The theoretical examples provide you with an insight on how to frame the answers and the numerical examples teach you the approach you need to take to solve the questions.

Answer the exercise questions to measure your performance: After you have thoroughly gone through the concepts mentioned in the chapter, it is time to test your understanding of the concepts. For that, exercise questions have been provided at the end of each chapter. Solve each of these questions.

Other CBSE Class 10 Science Reference Books

Though NCERT books provide you with a basic understanding of the concepts, it is suggested that you supplement your knowledge by going through some additional reference books. Some of the best reference books for CBSE Class 10 Science are:

Physics:

a) Physics for Class 10 (Lakmir Singh and Manjit Kaur): This book strictly follows the CBSE syllabus and complies with the guidelines laid down by CBSE. The best part about this book is it contains a variety of questions in accordance with the Continuous and Comprehensive Education (CCE) Pattern of school education. The easy language of the book makes it a favorite among the students.

b) Principles of Physics Class 10 by S.Chand Publication (V. K. Mehta and Rohit Mehta): In this book, the subject matter has been systematically developed. This book lays special emphasis on concepts and has numerous mathematical derivations. Illustrations have been provided for easy understanding of the topics. This book is a perfect balance of theory and numerical examples.

c) Fundamentals of Physics for Class 10 by Pradeep Publication (Dr. K.L. Gomber and Surindra Lal): The book has been designed by keeping in mind the current syllabus of class 10. This book attempts to explain the complicated theories of Physics in a lucid language and the solved numericals and derivations strengthen the numerical aptitude of the students.

d) Foundation Science (Physics) for Class 10 (H C Verma): Authored by one of the leading professors of Physics, this book captivates the minds of the young students and develops their interest in the subject. Easy definitions and lucid experiments illustrated with diagrams make this book one of the best reference books of Physics.

Chemistry:

a) Chemistry for Class 10 (Lakmir Singh and Manjit Kaur): This is an

ideal book from where students can start learning about the chemical reactions and other important topics of Chemistry. Relevant and concise information has been provided in this book.

b) Principles of Chemistry for Class 10 by S.Chand: This book explains the topics in a student-friendly way. Modern-day principles and concepts of Chemistry have been presented in a concise manner for easy understanding.

c) Fundamentals of Chemistry for Class 10 by Pradeep Publication

(S.C. Kheterpal and S.N.Dhawan): The content is easy and simple to understand so that students can understand the topics with ease. The book follows the latest syllabus of CBSE.

d) Foundation Science (Chemistry) for Class 10 (A K Singh): This book

has been designed according to the latest syllabus of CBSE. In this book, definitions have been provided, wherever necessary, to help students understand the topics better. Practice questions and assignments provided at the end of each of the chapters help students in practicing and getting their concepts cleared.

Biology:

a) Biology for Class 10 (Lakmir Singh and Manjit Kaur): The content of

the book has been made in such a way that students can easily relate to the topics and can enhance their knowledge about the subject. The language of the book is simple and easy to understand.

b) Principles of Biology for Class 10 by S.Chand: The book has been

comprehensively written and explains the essential principles, processes,

and methodologies involved in the subject. At the end of every chapter, many practice questions have been provided for revision.

c) Fundamentals of Biology for Class 10 by Pradeep Publication (G

Chopra and H N Srivastava): The revised edition of this book provides all the topics of Biology Class 10 in such a language which is easy to understand and can be grasped quickly. The clear diagrams and detailed labeling are icing on the cake.

d) Foundation Science (Biology) for Class 10 (N K Mishra and L C

Saha): This book is an apt choice for all class 10 students. The experiments and activities have been provided in the book in a comprehensive manner so that students can easily get to know the topics in detail and can achieve excellence in this subject.

We hope this list of the best books for each of the subjects – Physics, Chemistry, and Biology prove helpful for you. If you want to add any other reference book of your choice to this list, you can do so.

Now that you have a list of reference books, start with your preparation right away.

How To Start An Online Business And Make it Successful

It might seem daunting to start a business, but in this digital age, it’s easier than ever before. In the 21st century, starting a business isn’t as risky, or as time-consuming as it once was. Anyone can start something on the side, and make some money. You don’t need to quit your job to start — all it takes is some initiative, some smarts, and some courage, and with a little bit of luck, you could soon have your own little online business.

how to write a business plan

Start small and then spread your wings:

It’s okay to start small. Many digital businesses can be run with minimal setup costs — it costs next to nothing to start a website or an Instagram page, and all you need is internet access (remember to do a speed check of your internet connection).  Experiment. See what works. If the initial response is encouraging, put some more money into your business. 

If your business takes off, go all in

Your business is now more than an idea. It’s making some initial money, and you have your first few customers. This is your moment — don’t lose it. You must assess your business has potential, and then pounce — put in some more money, take loans from friends and family if necessary. If you see the potential, strike when the iron is hot. Keep an eye on the time through the iwc pilot — your competitors aren’t going to wait while you sit by twiddling your thumbs. 

Set up a company

Get things formalized. The sooner you set up a company, the sooner you’ll be able to deal with bigger clients, and win bigger contracts.  Setting up a company might seem daunting at first — there’s some paperwork involved, and some running around — but the effort will pay off in the long run.

Take expert help

Now your business is seriously big. But while you count the dollars, it’s also important to keep an eye on other things. You might need expert help. Your website could be vulnerable to hacks, you might need to hire lawyers, or you might need the help with your finances. Expert help is usually worth it.

 

Make a business plan

If you think your business has potential, you might want to raise external capital. But you’ll need to convince people with money to invest in you. For that, they would need to see potential in the business, and the chance of making a fat return. For that, you need a business plan to show how your business expects to grow over the next few years — how much money you’ll put in, and how much money it’s going to end up making. Take note that a good business plan should be transparent and comprehensive. 

 

Get investors on board

Once you have investors on board, you officially have partners in your business! They aren’t only your co-owners, but these people are experienced, and can help guide you with your business decisions.