
Guide
- Business Advice
Peninsula Group, HR and Health & Safety Experts
(Last updated )
Peninsula Group, HR and Health & Safety Experts
(Last updated )
New tax laws for small businesses often confuse small business owners. Peninsula clears up confusion with small business VAT & taxes for small business owners.
Good business advice can carry a company for years. Both start up companies and established businesses can benefit from solid general business advice.
Running a business needs more than just a reliable cash flow and financial support. It needs the best team, the right business idea, and a strong business plan.
It’s essential to be knowledgeable about everything from employee relations advice to how to run online businesses.
Lacking this knowledge can create issues down the line, or even at the beginning of your business.
For example, competing against a business that has a well-functioning, visually alluring website while you don’t have one at all. This will open plenty of potential online business to your competitor, with customers that could have been yours.
From new start ups to successful entrepreneurs, business advice and guidance can make a world of difference.
Running an SME can be difficult. Confusion can arise from many different issues.
Understanding what typically trips up new businesses can be invaluable, such as:
You also need to know how much to pay yourself and how to treat your employees fairly.
There are some simple steps you can take when starting an SME, but eventually, you’ll need advanced advice.
Business plans and ideas set in place by successful entrepreneurs can be incredibly helpful.
David Price, from Peninsula's Advice Service, provides advice and ideas. These can greatly help SMEs when taking over another business.
SMEs also benefit from advice and help when facing tough decisions, such as redundancy. Services like RightSize are essential for these times.
Other useful tips for running business come from other innovative entrepreneurs, including:
It’s vital for a human resource team understands employment law and employment legislation.
Occasionally, an HR team may have to work together with external parties. This includes trade unions if your employees ever call upon them.
Small businesses may need help with more HR matters, such as employment contracts.
Free business advice can only get your company so far. For the best advice for business owners, get in touch with our team of experts.
Got a question? Check whether we’ve already answered it for you…
See for yourself why Peninsula is the UK’s favourite HR and health & safety provider. Tap below to unlock free advice, policies, e-learning, and more.