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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

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Index of Businesses Beginning With O.

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Oak Bedroom Furniture

Oak Dining Furniture

Oak Furniture

Oak Wood

Oakland Athletics Fansite

Oakland Blog

Oakland Raiders Fansite

Oars

Oat Bran

Oat Bran Bagels

Oat Farm

Oat Flour

Oatmeal

Oatmeal Baby Food Cereal

Oatmeal Cereal

Oatmeal Cookies

Oatmeal Snack Cookies

Oatmeal Soap

Oats

Object Oriented Programming

Oboe Bags and Cases

Oboe Parts

Oboe Reeds

Oboes

Obstetricians Centre

Obstetricians Centre

Ocarinas

Occasion Personalisation Service

Occasion Personalisation Service

Occupational Health and Safety Services

Occupational Therapist

Occupational Therapy

Occupational Therapy Aids

Ocean Drums

Ocean Wave Power

Oceanside Blog

Octane Boosters

Octophones

Octopus

Octopus Fishing

Odell Beckham Blog

Odessa Blog

Odometers

Odour and Drain Maintainers

Odour Control Service

OEM Parts

OEM Wheels

Off Licence

Off Licence

Off Road Driving Centre

Off Road Driving Centre

Off Road Dune Buggies

Off Road Tyres

Off Road Tyres

Off Track Betting Parlour

Office and School Paper

Office and School Supplies

Office Binder Supplies

Office Binders

Office Binding Machine Supplies

Office Book Carts

Office Book Rack Dividers

Office Book Racks

Office Book Rings

Office Bookcase

Office Bookends

Office Bookends and Book Racks

Office Bridges and Connectors

Office Building Cleaning Services

Office Cabinets

Office Cabinets Racks and Shelves

Office Calculator Accessories

Office Calculators

Office Carrying Cases

Office Carts and Stands

Office Chair Mats

Office Chairs

Office Chairs and Sofas

Office Chest File Cabinets

Office Cleaners

Office Cleaning Services

Office Clips Clamps and Rings

Office Coffee Service

Office Collating Machinery

Office Computer Desks

Office Computer Furniture

Office Computers

Office Conference Tables

Office Copiers

Office Credenzas

Office Cubicles

Office Cutting Tools

Office Desk Call Bells

Office Desk Chairs

Office Desk Flags

Office Desk Furniture

Office Desks

Office Desks and Workstations

Office Drafting Chairs

Office Electronics

Office Electronics Accessories

Office Electronics Products

Office Electronics Services

Office Equipment

Office Equipment Repairs

Office Feng Shui

Office Filing Cabinets

Office Filing Supplies

Office Fitters

Office Flat Files

Office Footrests

Office Furnishings

Office Furniture

Office Furniture Accessories

Office Furniture and Equipment Rental

Office Furniture and Lighting

Office Furniture Casters

Office Furniture Chairs

Office Furniture Outlet

Office Furniture Partitions

Office Furniture Rental

Office Furniture Store

Office Furniture Systems

Office Gadgets

Office Glue and Adhesives

Office Hole Punchers

Office Hooks and Hangers

Office Industrial Cleaning Services

Office Labelling Tapes

Office Labels and Stickers

Office Laminating Supplies

Office LAN Stations

Office Lateral File Cabinets

Office Lighting

Office Machine Maintenance Service

Office Machine Repair Service

Office Machines

Office Management Service

Office Management Software

Office Memo Holders

Office Overhead Supplies

Office Paper

Office Paper Clamps

Office Pedestal Files

Office Pest Control Services

Office Platforms Stands and Shelves

Office Presentation Laminators

Office Presentation Pointers

Office Presentation Products

Office Presentation Remotes

Office Presentation Supplies

Office Printers

Office Products

Office Projection Screens

Office Racks and Displays

Office Record Destruction Service

Office Records Storage

Office Screw Post Binders

Office Services

Office Shelving and Office Storage

Office Signs

Office Sofas and Office Loveseats

Office Space for Rent

Office Stackable Chairs

Office Stamp Creation Systems

Office Staplers and Hole Punches

Office Staples

Office Stationery

Office Stools

Office Storage Cabinets

Office Storage Lockers

Office Storage Supplies

Office Supplies

Office Supplies and Stationery Store

Office Supply Store

Office Support Services

Office Table and Chair Sets

Office Tables

Office Tape

Office Tape Dispensers

Office Task Chairs

Office Vertical Files

Office Waste Bins

Off-Road Motorcycle Trail Tyres

Off-Road Motorcycle Trail Tyres

Off-Road Motorcycle Tyres

Off-Road Motorcycle Tyres

Off-Road Motorcycle Wheels

Off-Road Vehicle Wheels

Offset Inks

Offset Photo Printing

Offset Printing

Offshore Company Consultant

Offshore Fishing Reels

Offshore Fishing Rods

Offshore Mutual Fund

Offshore Rod and Reel Combos

Off-the-Road Snow Chains

OH Blog

Ohelo Berries

Ohio Blog

Ohio Bobcats Fansite

Ohio State Buckeyes Fansite

Ohmmeters

Oil

Oil Additives

Oil and Fluid Additives

Oil and Gas Drill Bits

Oil Based Additives

Oil Bottles

Oil Breather and Filter Caps

Oil Change

Oil Cleaners

Oil Cleanup Absorbers

Oil Diffusers

Oil Dispensing Bottles

Oil Dispensing Cruets

Oil Dispensing Oil Sprayers

Oil Dispensing Pumps

Oil Drains

Oil Drill Bits

Oil Filler Caps

Oil Filter Gaskets

Oil Filter Relocation Kit

Oil Filter Wrenches

Oil Filters

Oil Filters and Accessories

Oil Fired Heating Equipment

Oil Funnels

Oil Furnaces

Oil Gaskets

Oil Gauges

Oil Generators

Oil Kernels

Oil Lamps

Oil Lamps and Accessories

Oil Level Relays

Oil Level Sensors

Oil Line Drip

Oil Lube Systems

Oil Measuring and Dispensing Pumps

Oil Measuring Pumps

Oil Nuts

Oil Paintings Art Gallery

Oil Pan Gasket Sets

Oil Pan Gaskets

Oil Pressure Gauges

Oil Pressure Relief Valve Gaskets

Oil Pressure Switches

Oil Pump Gaskets

Oil Pump Pick-Up Tubes and Screens

Oil Pump Primers and Drives

Oil Pump Pushrods

Oil Pump Repair Kits

Oil Pumps

Oil Pumps and Parts

Oil Purifiers

Oil Recycling

Oil Restrictors

Oil Seals

Oil Sprayers and Dispensers

Oil Storage Tanks

Oil System Tools

Oil Temperature Gauges

Oil Waste Disposal

Oil Waste Recycling

Oilcloth

Oiling Fabrics

Oiling Raincoats

Oiling Textiles

Oils

Oils and Fluids

Oilseed and Grain Combination Farm

Oilseed Cake

Oilseed Crushing Machinery

Oilseed Extracting Machinery

Oilseed Farm

Oilseeds

Ojimes

OK Blog

Okami Fansite

Okara

Oklahoma Blog

Oklahoma City Blog

Oklahoma City Thunder Fansite

Oklahoma Sooners Fansite

Oklahoma State Cowboys Fansite

Okra

Okra Farm

Okras

Olathe Blog

Old Age Home Without Nursing Care

Old Dominion Monarchs Fansite

Old Fashioned Glasses

Old School Rap Music Blog

Ole Miss Rebels Fansite

OLED TVs

Olive Dishes

Olive Farm

Olive Leaf Supplements

Olive Oil

Olive Oil Made From Purchased Oils

Olive Oils

Olive Spoons

Olive Spreads

Olives

Olives Pickles and Relishes

Olivia Culpo Fansite

Olivia Munn Fansite

Olly Murs Fansite

Olympia Blog

Olympiacos FC Fansite

Olympique de Marseille Fansite

Olympique Lyonnais Fansite

Omaha Blog

Omega 3 Supplements

Omega 3-6-9 Oil Supplements

Omega Oil Supplements

Omega-6 Oil Supplements

Omega-9 Oil Supplements

Omelette Pans

Omi Fansite

Omni Massage Roller

On Site Computer Repairs

On-Camera Video Lights

Oncidium Orchid Plants

On-Course Golf Accessories

One Direction Fansite

One Piece Swimsuits

One Piece Swimwear

One Piece Toilets

OneRepublic Fansite

Onesies

One-Stroke Art Paint Brushes

Onion Farm

Onion Powder

Onion Powder and Flakes

Onion Snack Dips

Onions

Onitsha Blog

Online Access

Online Access Provider

Online Access Service

Online Access Software

Online Adult Store

Online Advertising

Online Advertising Service

Online Affiliate Marketing Programme

Online Affiliate Marketing Programme

Online Alarm Clock

Online Application System

Online Auctions

Online Audio Books

Online Audio Broadcasting

Online Auto Loans

Online Auto Parts Store

Online Auto Repair Manuals

Online Baby Clothing

Online Backup Storage

Online Bank Chequing Accounts

Online Bank Chequing Accounts

Online Banking Service

Online Beauty Products

Online Belt Store

Online Bingo

Online Birthday Cards

Online BMI Calculator

Online Book Store

Online Booking System

Online Boots Store

Online Broadcasting

Online Business Advertising

Online Business Bank Accounts

Online Business Card Designer

Online Business Cards

Online Business Cash Advance

Online Business Coach

Online Business College

Online Business Degree

Online Business Degree Programmes

Online Business Degree Programmes

Online Business Directory

Online Business Games

Online Business Management Courses

Online Business Management Degree

Online Business Marketing

Online Business School

Online Business System

Online Button Store

Online Cafe

Online Calculators

Online Calendar Publisher

Online Car Dealer

Online Car Insurance Comparison Website

Online Card School

Online Cardigan Store

Online Cash Advances

Online Casino

Online Casino Gaming

Online Casino Software

Online Catalogue

Online Catalogue

Online Chat Rooms

Online Checkers

Online Chequing Accounts

Online Chequing Accounts

Online Chess

Online Childrens Book Publisher

Online Childs Books

Online Chocolate

Online Cigar Store

Online Classified Ads

Online Classified Advertising

Online Classifieds

Online Clothing Store

Online Coat Store

Online Comic Book Publisher

Online Comic Book Store

Online Commerce

Online Commodity Trading

Online Computer Auctions

Online Computer Courses

Online Computer Games

Online Computer Networking

Online Computer Service

Online Computer Support

Online Computer Training

Online Consultant

Online Continuing Education

Online Conversion Calculator

Online Corporate Banking

Online Correspondence School

Online Cosmetics

Online Counselling

Online Counselling

Online Coupons

Online Courses

Online Credit Card Processing

Online Credit Online

Online Credit Repair

Online Currency Forex Trading

Online Currency Trading

Online Customer Surveys

Online Data Backup Service

Online Data Backup Storage

Online Data Recovery

Online Data Storage

Online Dating

Online Dating Agency

Online Dating Blog

Online Dating Website

Online Department Store

Online Diary Publisher

Online Dictionary Publisher

Online Directories

Online Directory and Mailing List

Online Directory Publisher

Online Directory Service

Online Discount Furniture

Online Discount Shoes

Online Discount Shopping

Online Discount Store

Online Distance Learning School

Online Domain Registration

Online Dress Designer

Online Dress Store

Online Driving School

Online Dungarees Store

Online Early Childhood Education

Online Education Courses

Online Education Programmes

Online Education Programmes

Online Electric Guitar Lessons

Online Electronic Cigarettes

Online Electronics Store

Online Email Marketing

Online Encyclopaedia Publishers

Online Entertainment Booking

Online Entertainment Website

Online Fabric Store

Online Fashion Accessories

Online Fashion Accessory Store

Online File Storage

Online Fleece Store

Online Flight Bookings

Online Florist

Online Flower Basket Delivery

Online Flower Delivery

Online Flower Seeds

Online Flower Store

Online Forex Currency Trading

Online Forex Trading

Online Fruit Baskets

Online Furniture Store

Online Gambling Website

Online Games

Online Gloves Store

Online Golf Games

Online GPS Tracking

Online Graphic Design

Online Greeting Gift Cards

Online Grocery Store

Online Guide Book Publisher

Online Guitar Lessons

Online Hair Accessory Store

Online Headgear Store

Online Health Website

Online Herbal Products

Online Home and Garden Store

Online Homeopathic Store

Online Hotel Booking

Online Hotel Deals

Online Identity Protection

Online Institutional Pharmacy

Online Insurance Comparison Website

Online Investment Advice

Online Investor Trading Provider

Online Jeans Store

Online Jeweller

Online Jeweller

Online Jewellery Store

Online Jewellery Store

Online Jigsaw Puzzles

Online Job Listings

Online Job Search

Online Karaoke

Online Karaoke Store

Online Kids Books

Online Kids Clothing

Online Ladies Fashion Clothing

Online Learning Centre

Online Learning Centre

Online Learning Games

Online Learning System

Online Legal Document Service

Online Lessons

Online Letting Agency

Online Lingerie Store

Online Live Streaming

Online Mail Order Catalogue

Online Mail Order Catalogue

Online Mailing List

Online Mailing List Publisher

Online Map Publisher

Online Market Research Surveys

Online Marketing

Online Marketing Campaigns

Online Marketing Service

Online Maternity Store

Online Math Tutor

Online MBA Programmes

Online MBA Programmes

Online Media Marketing

Online Mediation Service

Online Medical Billing Course

Online Medical Coding

Online Medical Journal Publisher

Online Meetings

Online Mens Clothing

Online Mens Designer Clothing

Online Merchant Account

Online Merchant Services

Online MLM

Online Mobile Phone Store

Online Models

Online Mortgage Comparison Website

Online Mothers Day Flower Delivery

Online Movies

Online Music Instrument Store

Online Music Store

Online Music Studio

Online Network Marketing

Online News Publisher

Online Newsletter Publisher

Online Nutritional Supplement Store

Online Office Furniture Store

Online Order Taking for Clients

Online Passenger Reservation System

Online Payday Loan Advance

Online Payroll Calculator

Online Payroll Processing

Online Perfume Store

Online Personals

Online Pet Foods

Online Pet Medication

Online Pet Store

Online Pharmacy

Online Phone Directories

Online Photo Album Maker

Online Photo Albums

Online Pizza

Online Plumbing Supplies

Online Poker

Online Poker Rooms

Online Polo Shirt Store

Online Print Shop

Online Printing

Online Programmes

Online Programmes

Online Protection

Online Provider

Online Publisher

Online Racing Form Publisher

Online Racing Games

Online Radio Station

Online Real Estate Agency

Online Real Estate Training

Online Reputation Service

Online Reservation System

Online Retail Store

Online Robe Store

Online Same Day Flower Delivery

Online Satellite Radio

Online Satellite TV

Online School

Online Scrap Metal Prices Site

Online Search Portals

Online Search Website

Online Secure Data Backup

Online Seminars

Online Service Provider

Online Service Provider Using Cable

Online Service Provider Using DSL

Online Services

Online Shirt Store

Online Shoe Store

Online Shooting Games

Online Shopping Carts

Online Shopping Mall

Online Skin Care Products

Online Skirts Store

Online Slot Machines

Online Slots Games

Online Small Business Cash Advances

Online Social Networking

Online Socks Store

Online Software Service

Online Software Training

Online Sporting Goods Store

Online Sports Betting

Online Sports Store

Online Stock Day Trading Training

Online Stock Trading

Online Stockbroker

Online Storage

Online Store

Online Store Software

Online Strategy Games

Online Streaming

Online Street Guide Publisher

Online Street Map Publisher

Online Suit Store

Online Superstore

Online Surveys

Online Sweatshirt Store

Online Swimwear Store

Online T Shirts

Online Technical Magazine Publisher

Online Technical Manual Publisher

Online Telephone Directory

Online Text Book Auction Site

Online Text Book Exchange Site

Online Tool Store

Online Toupee Store

Online Trade Journal Publisher

Online Trading

Online Trainers Store

Online Training

Online Training Courses

Online Translator

Online Travel Agency

Online Tutor

Online TV Series

Online TV Shows

Online TV Streaming

Online Vintage Clothing

Online Vitamin Store

Online Vitamin Supplements

Online Watch Store

Online Waterproofs Store

Online Weather

Online Website Design

Online Wedding Flowers

Online Wedding Invitations

Online Wedding Speeches

Online Wedding Store

Online Wig Store

Online Wills

Online Wine Store

Online Womens Clothing Store

Online Womens Shoes Store

Online Writing Courses

Ontario Blog

Oolong Tea

Oolong Tea Beverages

Open Ended Investment Fund

Open Ended Mutual Fund

Open Field Herb Farm

Open Gratings

Open Source Software

Open Space Improvement

Open Storage Bins

Open-End Wrenches

Open-Faced Message Boards and Signs

Opera Glasses

Opera Hats

Opera Music Blog

Operating Door Devices

Operating Room Tables

Operating Systems Software

Operation Controllers

Ophthalmic

Ophthalmic Frames

Ophthalmic Lenses

Ophthalmologist

Ophthalmometers

Ophthalmoscopes

Opinion Research Service

Opium Derivatives

Opportunity Investigator

Oprah Winfrey Fansite

Optic Covers

Optic Rings

Optic Transceivers

Optical Alignment Instruments

Optical Blanks

Optical Comparators

Optical Disk Drives

Optical Drives

Optical Glass Blanks

Optical Goods Store

Optical Gun Sights

Optical Inspection Apparatus

Optical Instruments

Optical Lens Grinding

Optical Lens Making and Grinding Machinery

Optical Lenses

Optical Magnifying Instruments

Optical Measurement

Optical Measuring Tools

Optical Mirrors

Optical Readers and Scanners

Optical Reflectors

Optical Scanners

Optical Scanning Service

Optical Sensors

Optical Store

Optical Test and Inspection Equipment

Optician

Optimal Sensors

Optimisation Services

Optimisation Services

Optimisation Software

Optimisation Software

Optimisation Tools

Optimisation Tools

Option Trading Broker

Options Broker

Optocouplers

Optoelectronic Devices

Optoelectronic Displays

Optoelectronic Lamps

Optoelectronic Products

Optoisolators

Optometers

Optometric Equipment

Optometrist

OR Blog

Oral and Maxillofacial Dentist

Oral Care Blog

Oral Care Products

Oral Contraceptive Preparations

Oral Hygiene and Preventive Care

Oral Irrigators

Oral Pain Relief Medications

Oral Pain Treatments

Oral Sedation Dentist

Oral Surgeon

Oral Thermometers

Orange Blog

Orange Chrome Pigment

Orange Groves

Orange Juices

Orange Oil

Oranges

Orbital Shakers

Orchard

Orchard Bracing Service

Orchard Grass Seed Farm

Orchard Grass Seeds

Orchard Planting Service

Orchard Pruning Service

Orchard Spraying Service

Orchestra Musical Instruments

Orchestral Instrument Strings

Orchestral Music Blog

Orchestral Pop Music Blog

Orchestral String Instrument Bags

Orchestral String Instrument Cases

Orchestral String Instrument Parts

Orchestral String Instrument Rosin

Orchestral String Instruments

Order Fulfilment Service

Order Management System

Order Taking for Clients

Ordnance Projectors

Ore Concentrates

Oregano

Oregano Oil Capsules

Oregano Supplements

Oregon Blog

Oregon Ducks Fansite

Oregon State Beavers Fansite

Ores

Organ Accessories

Organ Knobs

Organ Pipes

Organ Store

Organic Acids

Organic Acne Treatment

Organic Beauty Products

Organic Beauty Salon

Organic Bleach

Organic Cafe

Organic Catnip

Organic Chemicals

Organic Colour Pigments

Organic Colour Pigments

Organic Compounds

Organic Conditioners

Organic Deodorants

Organic Dyes

Organic Fair Trade Coffee

Organic Farm

Organic Fertilisers

Organic Fertilisers

Organic Flower Delivery

Organic Food Delivery

Organic Food Store

Organic Foods

Organic Fuel Propellants

Organic Gardening Supply

Organic Grocery Store

Organic Health Care

Organic Meats

Organic Peroxides

Organic Pigments

Organic Potassium Compounds

Organic Produce

Organic Products

Organic Reagents

Organic Restaurant

Organic Skin Care Products

Organs

Oriental Acupuncture Clinic

Oriental Carpet and Rug Dealer

Oriental Carpet Cleaning

Oriental Food Store

Oriental Goods Store

Oriental Medical Practitioner

Oriental Rug Cleaning

Oriental Rug Store

Oriental Store

Oriental Therapy Clinic

Oriental Trading Consultant

Orienteering Blog

Orifice Flanges

Orifice Plates

Orifice Tube Repair Kits

Origami Blog

Origami Jewellery

Origami Jewellery

Origami Paper

Original Score Music Blog

O-Rings

Orlando Blog

Orlando Bloom Fansite

Orlando City SC Fansite

Orlando Magic Fansite

Orlando Predators Fansite

Orlando Pride Fansite

Orlistat Supplements

Ornamental and Architectural Mouldings

Ornamental and Architectural Mouldings

Ornamental and Architectural Plaster Work

Ornamental Brass Work

Ornamental Cornices

Ornamental Fish Farm

Ornamental Growing Plants

Ornamental Ironwork

Ornamental Mantels

Ornamental Metal Grillwork

Ornamental Metal Partitions

Ornamental Metalwork

Ornamental Plaster Columns

Ornamental Plaster Mantels

Ornamental Plaster Mouldings

Ornamental Plaster Mouldings

Ornamental Plaster Work

Ornamental Plastering

Ornamental Precast Concrete

Ornamental Shrub and Tree Service

Ornamental Shrub Pruning Service

Ornamental Tree and Shrub Service

Ornamental Tree Pruning Service

Ornamental Trees

Ornamental Woodwork

Ornaments

Ornaments Store

Ornate Gold

Orris Oil

Orthodontic Appliances

Orthodontic Dentist

Orthodontic Supplies

Orthodontist

Orthopaedic Abdominal Supports

Orthopaedic Ankle Supports

Orthopaedic Arch Supports

Orthopaedic Bandages

Orthopaedic Boots

Orthopaedic Canes

Orthopaedic Childrens Footwear

Orthopaedic Clinic

Orthopaedic Devices

Orthopaedic Dog Beds

Orthopaedic Dressings

Orthopaedic Elastic Hosiery

Orthopaedic Equipment and Supplies

Orthopaedic Extension Shoes

Orthopaedic Foot Appliances

Orthopaedic Footwear

Orthopaedic Goods

Orthopaedic Kneecap Supports

Orthopaedic Shoes Store

Orthopaedic Supplies

Orthopaedic Support Hosiery

Orthopaedic Supports

Orthopaedic Womens Footwear

Orthopaedist

Orthotists Clinic

Orzo Pasta

OS2 Operating System Software

Osaka Blog

Oscillating Power Tools

Oscillating Tool Accessories

Oscillating Tool Accessory Kits

Oscillating Tool Blades

Oscillating Tool Sanding Pads

Oscillators

Oscillograph Recorder

Oscilloscope Accessories

Oscilloscope Probes

Oscilloscopes

OSHA Training

Oshawa Blog

Oshogbo Blog

Osmometers

Osteopath

Osteoporosis Treatment

Ostomy Supplies

Ostrich Farm

Ostrich Feathers

Ostrich Meat

Ostrich Oil

Ostwald-Folin Pipettes

Otolaryngologist

Otoscopes

Ottawa Blog

Ottawa Redblacks Fansite

Ottawa Senators Fansite

Ottoman Furniture

Ottomans and Storage Ottomans

Ouagadougou Blog

Out of School Club

Outboard Boat Motors

Outboard Engines

Outboard Motor Repairs

Outboard Motorboat Repair Service

Outboard Motorboats

Outboard Motors

Outdoor Activity Centre

Outdoor Activity Centre

Outdoor Adventure

Outdoor Advertising

Outdoor Advertising Billboards

Outdoor Aquatic Plants

Outdoor Audio Speakers

Outdoor Awnings and Canopies

Outdoor Backpack Accessories

Outdoor Backpack Pack Covers

Outdoor Backpack Pack Pockets

Outdoor Backpack Reservoirs

Outdoor Bar Sets

Outdoor BBQ Catering

Outdoor Benches

Outdoor Bird Feeder Accessories

Outdoor Brick Fireplaces

Outdoor Canopies

Outdoor Canvas Awnings

Outdoor Cat Pens

Outdoor Chair Cushions

Outdoor Chandeliers

Outdoor Christmas Lights

Outdoor Clocks

Outdoor Clothing

Outdoor Composting and Waste Bins

Outdoor Composting Bins

Outdoor Composting Tumblers

Outdoor Cooking

Outdoor Cooking Replacement Parts

Outdoor Cooking Tools

Outdoor Cooking Woks

Outdoor Curtains

Outdoor Cushions

Outdoor Cushions and Pillows

Outdoor Deck Lights

Outdoor Decor Mobiles

Outdoor Decorative Stones

Outdoor Dining Tables

Outdoor Display Advertising Service

Outdoor Dog Pens

Outdoor Doormats

Outdoor Equipment

Outdoor Faucets

Outdoor Figurine Lights

Outdoor Fire Pits

Outdoor Fire Tables

Outdoor Fireplace Parts

Outdoor Fireplaces

Outdoor Firewood Racks

Outdoor Flags

Outdoor Flags and Banners

Outdoor Floor Lamps

Outdoor Fountain Accessories

Outdoor Fountains

Outdoor Freestanding Fountains

Outdoor Fryer Accessories

Outdoor Fryers

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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.