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Your Business Opportunity

If you have recently lost your job then you aren't the only one. The current unemployment figure is around 1.6 million people in the UK! We believe there simply shouldn't be that many people unemployed in the UK. That's a lot of people sitting around doing nothing!

On the flip side of that coin there are currently around 31 million employed in the UK.

So many times on the television we hear the same old thing - "I've lost my job and I have no hope of getting a job, nobody will employ me". Well you might be right in one aspect - that due to the current economic climate you may well be virtually unemployable.

But the case is simple you have missed the one person who will employ you!

That's right there is one person in the world who will employ you - YOU!

Rather than working for someone else who may lose you your job through no fault of your own - isn't it time you took the responsibility yourself? Take control of your own destiny - start your own business. Once you've taken on the responsibility of starting your own business you will likely never look back.

So you are taking the plunge and starting your own business! Congratulations! It could be the best financial move you’ve ever made . . . or the worst! It’s very true that you will never make a fortune working for someone else. You might be comfortable, you might have a great retirement, and some people will get rich if they rise to the executive levels, but most of us will never earn as much working for someone else as we will with our own business. But if we go into our new business unprepared, we could lose everything we have and possibly even ruin our ability to re-enter the job force on the same terms we were on before. It can be more difficult to land a good job after being self-employed for an extended period of time. Of course, there are ways to deal with this issue, but that is beyond the scope of this article.

Our goal here is to get you prepared to succeed.

The phenomenon of a worker who may have been in the work force for 40 years suddenly starting a new career at 50 or over is a trend that is exploding as baby boomers hit that age bracket. There has always been a phenomenon of older workers trying something new but the trend has hit such a new high in the baby boomer retirement picture. So you have to wonder what about baby boomers makes them want to start new careers late in life. Part of it has to do with the way business has functioned in the last few decades. In our parents working years, the norm was to work for the same company and be a “company man” for 40-50 years, get that old watch and retire with a handsome retirement package. That formula just doesn’t work any more.

For one thing, retirement plans supported by employers have become a thing of the past. Savings for retirement have plummeted as the financial demands of life are all most people can keep up with. So the concept of working on into what used to be called retirement years is now a given if for no other reason than financial necessity.

The model we just laid out of employees staying with the same company for their entire adult lives is simply no longer a reality for all but a few in the modern work force. Most baby boomers have worked for dozens of companies in their adult lives so their retirement packages, if they exist at all, are small. Part of this can be attributed to the entrepreneurial spirit of baby boomers. But there has been a discernable shift in the way business works as well. Companies don’t like the idea of keeping employees that long. Add to that the fact that so many companies have gone out of business, been absorbed in huge corporate buy outs, or undergone drastic downsizing that by the time most boomers hit their 50s and 60s, the idea of keeping one single career moving forward is pretty hard to sustain.

But these negative explanations are not all there is to why baby boomers are starting over late in life. Boomers never did accept that the rules of life or aging applied to them. They are ambitious, adventurous and willing to strike on new paths with much less fear than previous generations. As boomers have faced some of the challenges of the economy and the modern business world, they have responded aggressively by starting businesses or changing their careers entirely late in life. And they are just as willing to pay their dues and stick with that new career until they are successful as they were when they were 30.

Many workers find a line of work and learn they can pay the bills and raise the kids early in life but they do not follow their dream career at that time. So when the time in life comes that the kids are out of the nest, the house paid off and the adventure of living has settled down somewhat, many baby boomers see that as the chance to finally throw off that boring old career and go after their dream career once and for all.

It’s inspirational to see someone in that stage of life setting the standard for not settling for anything less than realizing their dream by launching a new career doing what they always wanted to do all along. Who can fault boomers from wanting that kind of gratification of finding success in a career that fulfills their passions? So God bless the late in life boomers who go for the brass ring in their golden years. They will be an inspiration for many coming behind them to be as bold about their lives as well.

We have advice in 46,719 different U.K. Business Sectors

You can use our search box or work through the full list of the sectors below

Index of Businesses Beginning With E.

Search for your business sector today.

Start your new business now!

Ear and Body Piercing

Ear Care Products

Ear Clamps

Ear Drops

Ear Piercing Service

Ear Plugs

Ear Syringes

Ear Thermometers


Early Childhood Day Care

Early Childhood Development

Early Childhood Education Materials

Early Development Activity Centre

Early Development Activity Centre

Early Development Science Toys

Early Development Toys

Early Learning Classroom Supplies

Early Music Music Blog



Earring Backs and Findings


Earth Sciences and Geology Kits

EarthBound Fansite


Earthenware Flower Pots

Earthenware Table Articles

Earthenware Towel Bar Holders

Earthenware Vases

Earwax Removal Products

Easel Carrying Cases

Easel Flip Charts

Easel Style Dry Erase Boards

East Carolina Pirates Fansite

East Coast Rap Music Blog

Easter Baskets

Easter Cakes

Easter Candy

Easter Cookies

Easter Decorations

Easter Dresses

Easter Eggs

Easter Music Blog

Eastern Cape Blog

Eastern Michigan Eagles Fansite

Easy Listening Music Blog

Easy Recording Software

Eating Disorder Treatment Centre

Eating Disorder Treatment Centre

Eating Out Blog

Eating Utensils

Eazy-E Fansite

eBay Auction Services

eBay Store

eBay Trader

eBay Users Blog


ECH Rubber Raw Materials

Echinacea Herbal Supplements


ECM Wiring Relays

Eco Friendly Appliance Store

Eco Friendly Bath Products Store

Eco Friendly Bath Store

Eco Friendly Bedding Store

Eco Friendly Furniture Store

Eco Friendly Home Improvement Store

Eco Friendly Kitchen Store

Eco Friendly Office Store

Eco Friendly Pest Control Store

Eco Friendly Yard and Garden Store

Eco Household Product Store

Eco Investor

Eco-friendly Retailer

Ecological Consultant



ecommerce Software

ecommerce Website Designer

ecommerce Websites



Economy Piston Rings

Ecu Tuning

Eczema Psoriasis and Rosacea Care

Eczema Treatment

Ed Sheeran Fansite

Edamame Pods

Eddie Murphy Fansite

Eden Hazard Fansite

Edge Clamps

Edge Treatment Router Bits


Edible Arrangements

Edible Cornmeal

Edible Fats

Edible Fruit Baskets

Edible Gelatine

Edible Gifts

Edible Glasses

Edible Ink Printers

Edible Nuts

Edible Oils

Edible Oils and Fats

Edible Organ Meat

Edible Printer Ink and Paper

Edible Sensual Delights

Edible Variety Meats

Edible Wedding Favours

Edinburgh Blog

Editing Service

Editing Software

EDM Machines

Edmonton Blog

Edmonton Eskimos Fansite

Edmonton Oilers Fansite

Education and Reference Software

Education Apps

Education Grants

Education Portal

Education Service


Educational Administration

Educational Blog

Educational Books

Educational Charts and Posters

Educational Childrens Books

Educational Computer Games

Educational Consultant

Educational Financing

Educational Games

Educational Grants

Educational Institution

Educational Internet Games

Educational Materials

Educational Online Games

Educational Services

Educational Software

Educational Summer Camp

Educational Supplies

Educational Tours

Educational Toys

Educational Toys for Children

Educational Toys for Infants

Educational Website for Kids

Eel Fishing


Effervescent Denture Cleaners

Effervescent Salts

Efficiency Management Consultant

Egg Cartons

Egg Cookers

Egg Custards

Egg Drop Containers

Egg Duck and Goose Eggs

Egg Noodles

Egg Poachers

Egg Producer and Packer

Egg Separators

Egg Substitutes


Eggnog Mix Powder


Eggplant Farm



EGI Relays

eGift Cards

EGR Control Relays

EGR Time Delay Switches

EGR Valve Control Switches

EGR Valve Position Sensors

EGR Valves

Egyptian Cotton Sheets

Eintracht Frankfurt Fansite


El Cajon Blog

El Monte Blog

El Paso Blog


Elastic Arm Bands

Elastic Fabrics

Elastic Orthopaedic Hosiery

Elastic Waistbands


Elbow Braces

Elder Care Service


Elderberry Supplements

Elderly Care Home

Elderly Companion Service

Elderly Day Care Centre

Elderly Day Care Centre

Elderly Group Home

Elderly Home Health Care

Elderly Medical Home

Elderly Person Activity Centre

Elderly Person Activity Centre

Elderly Persons Home



eLearning Courses

eLearning Programme Developer

eLearning Programme Developer

eLearning Software

Electric Adjustable Beds

Electric Air Fresheners

Electric and Nonelectric Searchlights

Electric Animal Hair Clippers

Electric Appliance Heating Units

Electric Appliance Repair Shop

Electric Appliance Store

Electric Assist Choke Controls

Electric Automobiles

Electric Baseboard Heaters

Electric Bass Guitars

Electric Bed Coverings

Electric Bells

Electric Bicycles

Electric Bike Kits

Electric Bikes

Electric Blankets

Electric Blowers

Electric Blues Music Blog

Electric Brake Assemblies

Electric Can Openers

Electric Caps and Plugs

Electric Cars

Electric Carving Knives

Electric Ceilings Panel

Electric Chimes

Electric Choke Conversion Kits

Electric Choke Sensors

Electric Christmas Tree Ornaments

Electric Cigarette Lighters

Electric Clutch Assemblies

Electric Coffee Blade Grinders

Electric Coffee Percolators

Electric Cooking Equipment

Electric Cooling Automobile Fans

Electric Cooling Car Fans

Electric Cord Connectors

Electric Crock Pots

Electric Curling Irons

Electric Desk Fans

Electric Desk Lamps

Electric Dog Fence

Electric Double Breast Pumps

Electric Dryers

Electric Dynamos

Electric Engine Fans

Electric Erasers

Electric Fan Motors

Electric Fans

Electric Fences

Electric Filament Bulbs

Electric Filament Tubes

Electric Fireplace Heaters

Electric Fireplace Logs

Electric Fireplace Stoves

Electric Fireplaces

Electric Floor Polishers

Electric Floor Waxers

Electric Foil Hair Shavers

Electric Fuel Pumps

Electric Fuse Blocks

Electric Fuse Clips

Electric Fuses

Electric Gear Motors

Electric Generators

Electric Golf Carts

Electric Gongs

Electric Graphite Brushes

Electric Griddles

Electric Grill Shop

Electric Guitar Bags and Cases

Electric Guitar Beginner Kits

Electric Guitar Bindings and Trim

Electric Guitar Bodies

Electric Guitar Electronics

Electric Guitar Frets

Electric Guitar Hardware

Electric Guitar Inlay Material

Electric Guitar Knobs

Electric Guitar Necks

Electric Guitar Nuts

Electric Guitar Pick Guards

Electric Guitar Saddles

Electric Guitar Stands

Electric Guitar Strings

Electric Guitar Tailpieces

Electric Guitar Tuning Keys

Electric Guitars

Electric Hair Clippers

Electric Hair Curlers

Electric Hair Driers

Electric Hair Shaver Accessories

Electric Handheld Irons

Electric Handheld Vacuum Cleaners

Electric Heat Limit Controls

Electric Heaters

Electric Heating Contractor

Electric Heating Pads

Electric Hedge Trimmers

Electric Hinges

Electric Hoists

Electric Hot Pots

Electric Hotplates

Electric Household Fans

Electric Household Ovens

Electric Household Vacuum Cleaners

Electric Household Water Pulsating Devices

Electric Household Whippers

Electric Housewares

Electric Immersion Heaters

Electric Insect Lamps

Electric Irons

Electric Juice Extractors

Electric Kettles

Electric Kitchen Fans

Electric Knives

Electric Knives and Slicers

Electric Lamp Bulb Filaments

Electric Lamp Bulb Parts

Electric Lamp Lead Wires

Electric Lamps

Electric Lanterns

Electric Lawn Mowers

Electric Light Bulb Glass Blanks

Electric Light Bulbs

Electric Light Fixtures

Electric Lighting

Electric Lighting Fixtures

Electric Lighting Lamps

Electric Massagers

Electric Mattress Pads

Electric Measuring Instruments

Electric Measuring Meters

Electric Medical Probes

Electric Mixers

Electric Motor Accessories

Electric Motor Controls

Electric Motor Dealer

Electric Motor Mounts

Electric Motor Parts and Repairs

Electric Motor Shop

Electric Motorbikes

Electric Motorcycles

Electric Motors

Electric Musical Instruments

Electric Office Staplers

Electric Outboard Motors

Electric Outlets and Accessories

Electric Ovens

Electric Pendant Lamps

Electric Percolators

Electric Plug Cords

Electric Plugs

Electric Popcorn Poppers

Electric Portable Space Heaters

Electric Power Generation

Electric Power Switches

Electric Power Wind Generation

Electric Pressure Cookers

Electric Pushbutton Switches

Electric Radiant Heating

Electric Radiators

Electric Ranges

Electric Razors

Electric RC Aeroplanes

Electric RC Aeroplanes

Electric RC Cars

Electric Recessed Light Housings

Electric Residential Recessed Lighting

Electric Roasters

Electric Room Heaters

Electric Rotary Hair Shavers

Electric Sandwich Grills

Electric Sandwich Toasters

Electric Sauna Heaters

Electric Scissors

Electric Scooters

Electric Scooters for Kids

Electric Searchlights

Electric Shavers

Electric Shoe Polishers

Electric Shoes Buffer

Electric Showers

Electric Signs

Electric Single Breast Pumps

Electric Skateboards

Electric Skillets

Electric Snap Power Switches

Electric Snow Melting Cable

Electric Sockets

Electric Solar Lighting Fixtures

Electric Space Heaters

Electric Starting Motors

Electric Stoves

Electric Surge Suppressor Service

Electric Switchboard Cubicles

Electric Switches

Electric Synchronous Condensers

Electric Teakettles

Electric Thermo-Cycling Switches

Electric Timing Motors

Electric Toaster Ovens

Electric Toasters

Electric Tool Repair Shop

Electric Tool Shop

Electric Toothbrushes

Electric Torque Motors

Electric Toy Trains and Equipment

Electric Transformers

Electric Trouser Pressers

Electric Truck Pumps

Electric Tubes

Electric Tumbler Switches

Electric Unit Heaters

Electric Upright Basses

Electric Vacuum Cleaner Canisters

Electric Vacuum Cleaners and Sweepers

Electric Vapour Lamps

Electric Vapour Lamps

Electric Vapourizers

Electric Vapourizers

Electric Vehicle Charging Equipment

Electric Vehicle Charging Station

Electric Vehicle Generators

Electric Vehicles

Electric Violins

Electric Waffle Irons

Electric Wall Lamps

Electric Warm Air Furnace

Electric Warming Trays

Electric Water Heaters

Electric Water Pulsating Devices

Electric Watt Hour Meters

Electric Wheelchairs

Electric Winches

Electric Windows

Electric Wine Bottle Openers

Electric Wiring

Electric Woks

Electric Yard Lights

Electrical Accessories

Electrical Adapters

Electrical Adapters and Outlets

Electrical and Electronic Relays

Electrical Appliance Cords

Electrical Appliance Repairs

Electrical Appliances

Electrical Appliances Merchant

Electrical Ballasts

Electrical Battery Testers

Electrical Bicycle Motor Kits

Electrical Bicycles

Electrical Bike Battery Packs

Electrical Blog

Electrical Box Conduits

Electrical Box Fittings

Electrical Boxes

Electrical Brackets

Electrical Bridges

Electrical Cable Staples

Electrical Cable Ties

Electrical Cables

Electrical Cables and Chains

Electrical Cam Type Connectors

Electrical Carbon Contacts

Electrical Cleaners

Electrical Components

Electrical Conduit Mounts

Electrical Conduits

Electrical Conduits and Fittings

Electrical Connectors

Electrical Connectors and Terminals

Electrical Contractor

Electrical Control Gear

Electrical Convention Ovens

Electrical Cooking Appliances

Electrical Cord Adapters

Electrical Cord Management

Electrical Cords

Electrical Counters

Electrical Distribution Modulators

Electrical Distribution Panels

Electrical Distribution Products

Electrical Distributor

Electrical Engineer

Electrical Equipment

Electrical Fish Tapes

Electrical Flytraps

Electrical Fuses

Electrical Gaskets

Electrical Generators

Electrical Goods Recycling Service

Electrical Graphic Meters

Electrical Grounding Bars

Electrical Heating

Electrical Hubs

Electrical Ignition Cable Sets

Electrical Indicating Instruments

Electrical Inspecting and Testing

Electrical Instruments

Electrical Insulators

Electrical Inverters

Electrical Kelvin Bridges

Electrical Light Switches

Electrical Lugs

Electrical Meter Sockets

Electrical Meters

Electrical Microwave Ovens

Electrical Motor Controls

Electrical Motor Vehicle Generators

Electrical Multi Outlets

Electrical Outlet Boxes

Electrical Outlet Covers

Electrical Outlet Switches

Electrical Outlets

Electrical Panel Boxes

Electrical Parking Meters

Electrical Parts

Electrical Phase Converters

Electrical Pocket Meters

Electrical Porcelain Insulators

Electrical Pulling Grips

Electrical Receptacles

Electrical Recording Meters

Electrical Relays

Electrical Repair Service

Electrical Resistance Instruments

Electrical Rotary Equipment

Electrical Safety Baby Products

Electrical Services

Electrical Signs

Electrical Split Bolt Connectors

Electrical Supplies Store

Electrical Switchboard

Electrical Switches

Electrical Switchgear

Electrical System Relays

Electrical System Switches

Electrical System Tools

Electrical Systems

Electrical Tape

Electrical Terminals

Electrical Testers

Electrical Testers and Test Leads

Electrical Testing

Electrical Timers

Electrical Tools and Hardware

Electrical Transformers

Electrical Transmission Equipment

Electrical Wall Plates

Electrical Wall Switches

Electrical Wire

Electrical Wire and Cable

Electrical Wiring

Electrical Wiring Boxes

Electrical Wiring Harnesses

Electrical Wiring Junction Boxes

Electrical Wiring Outlet Boxes

Electrical Wiring Switch Boxes

Electrical Wiring Tumbler Switches

Electrical Work

Electrical Work Benches

Electrically Heated Bed Coverings


Electricians Rubber Gloves

Electricity Cable Laying


Electro House Music Blog

Electro Music Blog

Electro Pop Music Blog

Electrochemistry Accessories

Electrode Holder Welding


Electrogas Welding

Electroless Plating Service

Electrolysis Hair Removal

Electrolysis Hair Removal Products

Electrolysis Treatments

Electrolyte Drinks

Electrolyte Solutions


Electromagnetic Locks

Electromechanical Controllers

Electromechanical Products

Electron Microscopes

Electron Spectrometers

Electron Tubes

Electronic Appliances

Electronic Auto Transaxle Relays

Electronic Basketball Games

Electronic Battery and Wind-Up Toy

Electronic Battery and Wind-Up Toy Blog

Electronic Birthday Cards

Electronic Books

Electronic Cables and Accessories

Electronic Capacitors

Electronic Carbon Monoxide Detectors

Electronic Chokes

Electronic Cigarettes

Electronic Circuits

Electronic Clipping Service

Electronic Coils

Electronic Component Inductors

Electronic Component Motors

Electronic Component Rectifiers

Electronic Component Sensors

Electronic Components

Electronic Condensers

Electronic Connectors

Electronic Containment Fencing

Electronic Controllers

Electronic Cooling Fans

Electronic Counters

Electronic Crystals

Electronic Cylindrical Connectors

Electronic Dance Mats

Electronic Devices

Electronic Digital Scales

Electronic Drum Accessories

Electronic Drum Amps

Electronic Drum Controllers

Electronic Drum Pads

Electronic Drum Sets

Electronic Drum Triggers

Electronic Drums

Electronic Engine Control Relays

Electronic Engineers

Electronic English Dictionaries

Electronic Equipment

Electronic Equipment Servicing

Electronic Ferrites

Electronic Filing

Electronic Filters

Electronic Flow Meters

Electronic Frequency Meters

Electronic Gadgets

Electronic Games

Electronic Garden Appliances

Electronic Gift Certificates

Electronic Greetings Card Website

Electronic Guidance System and Equipment

Electronic Hearing Aids

Electronic Indicators

Electronic Inductors

Electronic Keyboards

Electronic Kits

Electronic Language Dictionaries

Electronic Language Translators

Electronic Learning Cartridges

Electronic Learning Products

Electronic Learning Toys

Electronic Mail Service

Electronic Music Blog

Electronic Music Equipment

Electronic Music Fansite

Electronic Navigational Instruments

Electronic Organisers

Electronic Organisers

Electronic Parts

Electronic Pets

Electronic Pipettors

Electronic Prepress Service

Electronic Publishing

Electronic Publishing Software

Electronic Rectifiers

Electronic Repairs

Electronic Resistors

Electronic Rheostats

Electronic Rock Music Blog

Electronic Scales

Electronic Services

Electronic Sign Boards

Electronic Solenoid Applications

Electronic Speed Governors

Electronic Switches

Electronic Test Equipment

Electronic Testing Service

Electronic Thesauruses

Electronic Top Loading Balances

Electronic Totalising Counters

Electronic Totalising Counters

Electronic Toys

Electronic Transformers

Electronic Tubes

Electronic White Boards

Electronica Music Blog


Electronics Accessories

Electronics and Gadgets

Electronics Blog

Electronics Cables

Electronics Engineering

Electronics for Kids

Electronics Installation Services

Electronics Mounts

Electronics Outlet

Electronics Power Protection

Electronics Recycling

Electronics Repair

Electronics Store

Electronics Workbench

Electrophoresis Accessories

Electrophoresis Apparatus

Electrophoresis Instruments

Electrophoresis Systems


Electroplating Machinery

Electroplating Service


Electroscopes and Van de Graffs

Electrostatic Air Purifiers

Electrostatic Toners

Electro-swing Music Blog

Element Collecting Blog

Elemental Analysers

Elemental Analysers

Elementary School

Elephant Lamps

Elephants Ear

Elevator Bolts

Elevator Contractor

Elevator Repairs

Elf On The Shelf Blog

Elgin Blog

Eli Manning Fansite

Elizabeth Blog

Elk Calls and Lures

Elk Farm

Elk Grove Blog

Elk Meat

Ella Henderson Fansite

Ellen Degeneres Fansite

Ellie Goulding Fansite

Elliptical Machines

Elliptical Training Machines

Elton John Fansite

Ely Blog

eMail and Domain Registration

eMail Bulk Service

eMail Filtering Software

eMail Lists

eMail Management

eMail Marketing

eMail Marketing Campaigns

eMail Marketing Lists

eMail Marketing Software

eMail Newsletter

eMail Service Provider

eMail Software

E-marketing Consultant

Embalming Fluids

Embalming Service



Embossing Accessories

Embossing Folders

Embossing Leather

Embossing Stamps

Embossing Supplies

Embossing Textiles and Fabrics

Embossing Tools and Tool Sets

Embroidered Baby Blankets


Embroidering On Textiles


Embroidery and Crewel Needles

Embroidery and Sewing Machines

Embroidery Blog

Embroidery Floss

Embroidery for T Shirts

Embroidery Hoops

Embroidery Kits

Embroidery Machine Needles

Embroidery Machine Thread

Embroidery Machines

Embroidery Needlework

Embroidery Service

Embroidery Spun Yarns

Embroidery Storage

Embroidery Supplies

Embroidery Thread

Embroidery Thread and Floss


Emergency Air Conditioner

Emergency and Safety Equipment

Emergency and Survival Kits

Emergency Cash Loans

Emergency Dental Care Products

Emergency Dentist

Emergency Escape Ladders

Emergency Eyewash Solutions

Emergency Food Supplies

Emergency Generators

Emergency Home Kits

Emergency Light Fixtures

Emergency Light Sticks

Emergency Lighting

Emergency Medical Services

Emergency Notification System

Emergency Oxygen

Emergency Payday Loans

Emergency Physician Service

Emergency Plumbing

Emergency Response Equipment

Emergency Road Service

Emergency Shelters

Emergency Supplies

Emergency Survival Kits

Emergency Warning Sensors

Emergency Water Damage Restoration

Emery Coated Paper

EMF Meters

Emily Blunt Fansite

Eminem Fansite

Emission Air Bypass Valves

Emission Air Check Valves

Emission AIR Pipes

Emission Air Pump Check Valves

Emission and Exhaust Products

Emission Anti-Backfire Valves

Emission Bowl Vent Solenoids

Emission Canister Purge Valves

Emission Control Relays

Emission Control Units

Emission Dash Pots

Emission Diverter Valves

Emission EGR Bleed Filters

Emission EGR Valve Gaskets

Emission EGR Valve Vacuum Solenoids

Emission EGR Valves

Emission Idle Stop Solenoids

Emission Mixture Control Solenoids

Emission PCV Valves and Breathers

Emission Secondary Diaphragms

Emission Smog Pumps

Emission Sole Pots

Emission Solenoids

Emission Spark Delay Valves

Emission Systems

Emission Three-Way Solenoids

Emission Vacuum Tee Connectors

Emission Vacuum Valves

Emission Vapour Canisters

Emission Vapour Canisters

Emissions Analysers

Emissions Analysers

Emissions Testing

Emma Watson Fansite

Employee Benefits Consultant

Employee Bus Service

Employee Drug Testing Service

Employee Fitness Service

Employee Payroll Service

Employee Pension Plans

Employee Portal

Employee Recognition Awards

Employee Relocation Service

Employee Retirement Plans

Employee Scheduling Software

Employee Shuttle Service

Employee Training

Employees Payroll

Employment Agency

Employment and Training

Employment Background Checks

Employment Consultant

Employment Recruiter

Employment Screening Service

EMT Training

Emu Farm

Emu Meat

Emu Oil


Emulsion Paints

En Avant Guingamp Fansite

Enamel Cast Iron Cookware


Enamelling Ovens


Enchilada Sauce

Enclosed Cargo Trailers

Enclosed Message Boards and Signs

Enclosed Trailers

Enclosures and Cases

Encyclopaedias Software

End Mill Holders

End Mills

End Tab Classification Folders

End Tab File Jackets and Pockets

End Tables


Endive Farm


Endoscopic Equipment

Endpin Rests

Endrin Insecticides

Endurance and Energy Bars

Endurance and Energy Candy

Endurance and Energy Chews and Gels

Endurance and Energy Drinks

Endurance and Energy Patches

Endurance and Energy Powders

Endurance and Energy Products

Endurance and Energy Shots

Endurance and Energy Strips

Endurance and Energy Supplements

Energy Bars

Energy Conservation Consultant

Energy Drinks

Energy Efficient Windows

Energy Star Qualified ACs

Engagement and Wedding Jewellery

Engagement and Wedding Jewellery

Engagement Parties

Engagement Ring Designer

Engine Air Cleaner Housings

Engine and Oil Fluid Additives

Engine and Parts Fluid Cleaners

Engine Balance Shaft Parts

Engine Blocks

Engine Cam and Lifter Kits

Engine Cam Bearings

Engine Camshaft Buttons

Engine Camshaft Dowel Pins

Engine Camshaft Followers

Engine Camshaft Plugs

Engine Camshafts

Engine Camshafts and Parts

Engine Case Guards

Engine Cast Piston Ring Kits

Engine Cleaners and Degreasers

Engine Compartment Switches

Engine Compression Gauges

Engine Computers

Engine Connecting Rod Bearings

Engine Connecting Rod Parts

Engine Connecting Rods

Engine Connecting Rods and Parts

Engine Coolant Recovery Kits

Engine Cooler Accessories

Engine Coolers

Engine Coolers and Accessories

Engine Cooling and Climate Control

Engine Cooling Systems

Engine Crankshaft Pulleys

Engine Crankshafts

Engine Cylinder Head Dowel Pins

Engine Cylinder Heads

Engine Degreasers

Engine Diagnostics

Engine Dipsticks and Tubes

Engine Dowel Pins

Engine Dress-Up Kits

Engine Dress-Up Parts

Engine Exhaust Tools

Engine Exhaust Valves

Engine Expansion Plug Kits

Engine Expansion Plugs

Engine Fan Clutches

Engine Fan Electric Controls

Engine Fan Flexes

Engine Fan Heavy Duty Flexes

Engine Fan Kits

Engine Fan Non-Thermal Clutches

Engine Fan Spacers

Engine Fan Thermal Clutches

Engine Fans

Engine Fans and Parts

Engine Flushes

Engine Flywheel and Pulley Tools

Engine Fuel Conversion Service

Engine Fuel Injection Systems

Engine Harmonic Balancers

Engine Head Bolt Sets

Engine Heater Accessories

Engine Heaters

Engine Heaters and Accessories

Engine Hoist Rental

Engine Hoists and Stands

Engine Intake and Exhaust Valves

Engine Intake Manifold and Parts

Engine Intake Manifold Bolts

Engine Intake Manifold Spacers

Engine Intake Manifolds

Engine Intake Manifolds and Parts

Engine Intake Valves

Engine Kit Gasket Sets

Engine Kit Products

Engine Kits

Engine Knurled Head Bolts

Engine Lifter Kits

Engine Lifters

Engine Main Bearings

Engine Main Bolts and Studs

Engine Management Systems

Engine Mechanic

Engine Mounts

Engine Oil

Engine Oil Drain Plugs

Engine Oil Pans

Engine Oil Pans and Drain Plugs

Engine Oil Pressure Tools

Engine Oil Pump Primers and Drives

Engine Oil Pump Pushrods

Engine Oil Pump Repair Kits

Engine Oil Pumps

Engine Oil Pumps and Parts

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eZine Publisher

Once you have our Business Plan

You can get your Business financed properly.

U.K. Businesses

Get the right look for your Business

And start telling everyone about your Business

The Legal and Tax Aspects

There are many legal forms for your new business to take. You can be an unincorporated business and report your income for tax purposes.You can form your business as a Limited Liability Company, which has many of the best tax characteristics of a Corporation and a partnership. Which should you choose? In general terms, you want the income of the business to pass through to you and be taxed on your personal return. This is generally true for most small businesses. If you are unincorporated, this happens automatically, but being unincorporated is generally not the best idea from a legal standpoint.

When you’re in business, you open yourself up to claims and risks that you don’t have as an employee. Your customers or vendors might sue you. Your bank might sue you. Competitors may issue claims against you for copyright infringement or any number of other things. You want to insulate yourself against these extra risks so that third parties can come after your business but not your house or other personal assets. Being unincorporated doesn’t help you. Organizing your business as a partnership doesn’t help you because you remain personally liable. So you want to be a Limited Liability Company. Since we have established we want to pay taxes at the individual level, you can still be self-employed working for a business you actually own.

Why then, are we saying it’s better to report the income of the business on your personal return rather than on a business return? Because if the income is reported at the corporate level, you will end up being taxed twice on the profits: once at the corporate level and again as a dividend when you take your profits out of the corporation. The company does not get a deduction for dividends paid to its shareholders. To avoid the double taxation, you would have to be careful to pay yourself a salary each year equal to the full profits of the corporation. This can get tricky since you won’t always know the taxable income of the corporation before year-end.

Now that you’re legal and ready to roll, you need a plan. I don’t mean a plan you carry in your head, ideas you’ve had over the years in bits and pieces. I mean a solid, written plan that lays out all the details about your business. Describe your business, your products, your competition, your advantages, your target market, demographic information, your marketing plan, your management team, strategic alliances you have with other companies and your financial forecasts. Do not cut this process short! By doing the research necessary to complete these steps you may find out that your business cannot make it as you had originally planned. You might discover changes you have to make. You will improve your chances of success.

You might ask if you can use one of the many software packages on the market for producing your business plan. It depends on what you’re using the plan for. If your plan is only for you to use internally, they are fine. If you want to go after venture capital or bank financing, forget them! Your business plan will look just like a thousand others they’ve seen and will be lost in the clutter. To obtain financing you want to create a distinctive business and marketing plan that stands out from the rest and doesn’t look like it was created via the cookie-cutter approach. Resolve to do it yourself from scratch or hire professionals to do it for you with your input. If you hire professionals, be prepared to participate heavily in the process since it is your business and you presumably know more about the business than your consultants will. Another benefit to using consultants is that they represent a sounding board for your ideas. If you can’t afford them, do the plan yourself and use your friends and trusted business associates as your sounding board.

Your business is now organized and properly authorized to do business in your locality. You now need to consider how to monitor and account for your daily business transactions. Too many businesses make the mistake of running their enterprise by guesswork. Accounting tasks are rarely anyone’s idea of fun, nor are they considered important relative to the other daily tasks of running a business. But you need to fight this idea if that’s the way you think. Just as you wouldn’t spend thousands of pounds a year without some method of tracking the results of your efforts, you can’t run your business without some method of tracking your daily results. Your bank account will not provide you with the information you need. I won’t get into a long discourse about the differences in accrual and cash accounting, but there are a few things you need to understand.

Let’s say you make sales of £2,500 on account on the last day of your first month in business and these were your very first sales. You won’t receive the cash for several days. Did you have any sales for your first month? On the cash basis of accounting, you didn’t. On the accrual basis of accounting, you did. Which is correct?

On the other side of the coin, you purchased £2,000 of office supplies on the last day of the month but didn’t use any of them during the day. This was the only expense you had during the month. Did you have any expenses for your first month in business? On the cash basis of accounting, you did. On the accrual basis of accounting, you didn’t. Which is correct?

On the cash basis of accounting you report income when received in cash and expenses when paid in cash. There are some exceptions, however, such as inventory purchases, which must still be accounted for as inventory rather than an expense. On the accrual basis of accounting you report income when earned and expenses when incurred.

So back to our question; which is correct? If you ever need audited financial statements, your financial statements will have to be prepared on the accrual basis of accounting because it more clearly reflects income. If you need to present your financial statements to third parties, you should have them prepared on the accrual basis. If you want to manage your business using financial data that is meaningful, you need to have accrual basis financial statements.

You’re probably protesting that you’d need to be an accountant to do this! Well, you should have an accountant for a variety of reasons, but you don’t have to have one to keep your books on the accrual basis. It’s simple. Get a software package to do the work for you. An accounting software package does not simply give you an input screen into which to put accounting transactions. It will give you software that will allow you to input your business transactions and will automatically create your books and records for you. For example, you use a sales order entry screen to enter your sales information; the accounting system will make the proper entries for you. By entering the sales order information, you’re also getting the ability to print professional looking sales orders, track sales orders, convert the sales orders into invoices, record the invoices as receivables, and apply cash receipts to those receivables. These are all tools you need anyway to manage your business properly. The accounting for the transactions happens behind the scenes automatically. The same thing happens with your payables, your payroll, your job costing, or whatever other functions you require. Granted, you may need some help in setting up your system to make all this occur seamlessly, but once that’s done, you won’t have to worry about it anymore. Anytime a third party needs your financial statements, you simply print them out. You’ll have tools to help you know where you stand financially, what your receivables are, what your payables are, what the status of your orders are, what you have in inventory and so forth.

You might be a great potential entrepreneur but you still need to spell out exactly what it is you plan to do, who needs it, and how it will make money. A good starting point is to look around and see if anyone is dissatisfied with their present suppliers. Unhappy customers are fertile ground for new businesses to work in.

One dissatisfied customer is not enough to start a business for. Check out and make sure that unhappiness is reasonably widespread, as that will give you a feel for how many customers might be prepared to defect. Once you have an idea of the size of the potential market you can quickly see if your business idea is a money making proposition.

The easiest way to fill an endurable need is to tap into one or more of these triggers:

  • Cost reduction and economy. Anything that saves customers money is always an attractive proposition. Lastminute.com’s appeal is that it acts as a ‘warehouse’ for unsold hotel rooms and airline tickets that you can have at a heavy discount.

  • Anything that offers the prospect of making exceptional returns is always a winner. Competitors’ Companion, a magazine aimed at helping anyone become a regular competition winner, was an immediate success. The proposition was simple. Subscribe and you get your money back if you don’t win a competition prize worth at least your subscription. The magazine provided details of every competition being run that week, details of how to enter, the factual answers to all the questions and pointers on how to answer any tiebreakers. They also provided the inspiration to ensure success with this sentence: You have to enter competitions in order to have a chance of winning them.

  • Niche markets. Big markets are usually the habitat of big business – encroach on their territory at your peril. New businesses thrive in markets that are too small to even be an appetite wetter to established firms. These market niches are often easy prey to new entrants as they have usually been neglected, ignored or ill-served in the past.

  • Differentiation. Consumers can be a pretty fickle bunch. Just dangle something, faster, brighter or just plain newer and you can usually grab
    their attention. Your difference doesn’t have to be profound or even high-tech to capture a slice of the market. Book buyers rushed in droves
    to Waterstones’ for no more profound a reason than that their doors remained open in the evenings and on Sundays, when most other established bookshops were firmly closed.

Now you have the day to day details of running your business so how do you keep going?

There are several things to look at here:

  • What are you good at and what do you enjoy doing? Make two lists - one of the jobs you like and one of the jobs you don't do very well. Take the second list and have a look at what you might outsource or automate. Do you love doing those accounts or would your time be better spent in forward planning while your accountant does the sums? Must you personally reply to every enquiry or could you create a FAQ which you can post on your website and refer people to by autoresponder? In the early stages of your business you might find you don't have the money to pay someone to do the jobs you hate. Could you swap skills to get the help you need?

  • Why are you doing this? You need to be motivated to start a business and keep it going. The best way to do this is to know what the effort is for. What really moves you to get up in the morning and do what you need to do even when you don't really feel like it? Write your reasons down. Find pictures of that house, or that holiday and put them where you can see them.

  • How do you deal with those bumps in the road? Not everything you do will be perfect - sometimes things you've tried will be a disaster - it's the way you react to problems that matters. If you curl up in a ball and give up at the first sign of failure you'd better not be in business. It's all about attitude.

  • Have a plan and stick to it as far as possible but be prepared to be flexible and open minded. Sometimes the most unexpected opportunities come and you need to be ready to seize them. - as Joe Vitale says 'Money likes speed'.

  • Get a mentor - learn from someone who has done it. Someone to bounce ideas off and who can encourage you when things get tough is invaluable.

And most importantly, never let anyone put you down and never be afraid of failure:

"It is not the critic who counts, not the man who points out how the strong man stumbled, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena; whose face is marred by dust and sweat and blood; who strives valiantly; who errs and comes short again and again; who knows the great enthusiasms, the great devotions, and spends himself in a worthy cause; who at the best, knows in the end the triumph of high achievement; and who, at worst, if he fails at least fails while daring greatly, so that his place shall never be with those cold and timid souls who know neither victory nor defeat" - Theodore Roosevelt.

A Great British Business did not just happen - It was planned that way.