Business-Accumen - Numberjuice Blog Category

Struggles of young entrepreneurs

21/10/2016 12:26:28

Being young entrepreneurs, you’ll come across many struggles during your start-up journey but pushing on through these is what helps to make your business a success. Below, we take a look at three of the biggest struggles young people face when starting their own businesses.

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Networking like a pro

21/10/2016 14:01:37

Business owners are always told that networking is the key to success, whether it’s securing a client or building your brand. Despite this, many people still have no idea where to start when it comes to networking and tend to put it off for fear of embarrassment or rejection. Thankfully, there are a few things you can do to turn your networking nightmare into a success and start networking like a pro.

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Your Tax Responsibilities as a Small Business

21/10/2016 14:26:50

Tax returns and payrolls can seem light a living nightmare for small businesses and without an accountant, you might find that you are not always aware of your responsibilities. This guide will help you to better understand the different taxes and payroll systems you must register for in order to fulfil your legal business obligations.

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4 things to help you survive the teething period

21/10/2016 14:18:26

Are you looking into starting a small business?

It’s important not to rush into this. It doesn’t matter if you’re going to be self-employed as a sole-trader or you’re starting up an actual company. The facts are three-quarters of start-ups fail within the first three years and a third of those fall by the wayside in the first six months.

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Tips and tricks to improve your Instagram page

21/10/2016 12:32:03

Instagram is used by millions of users every day, so if you aren’t already making use of this exciting app, then why not start today? We’ve listed some of the best tips and tricks you can use to turn your company’s Instagram page into a powerful marketing tool.

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Benefits of being a sole trader

21/10/2016 11:35:54

If you’re considering starting your own business, then you’ve probably thought about whether you should set up as a sole trader or limited company.

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How to get your first clients as a freelancer

21/10/2016 13:09:05

So you’ve decided to drop it all and go solo. Being a self-employed freelancer isn’t an easy gig but it can be incredibly rewarding if you get it right. Whilst you might have some fantastic skills and a great website, this isn’t always enough to get your first client. If you sit around waiting for work to come to you, you’ll find yourself sitting at home very bored and very poor.

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Get paid quickly with professional invoices

21/10/2016 17:35:42

Getting paid on time is seriously important for small businesses. An interruption in cash flow can lead to issues that damage your sales and the reputation of your company. Fortunately, you can improve payments times with a more professional looking invoice and this guide will show you how.

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How To Be An Effective Leader

21/10/2016 17:25:34

As many successful entrepreneurs will tell you, running a profitable business isn’t just about the deals you make or how well you manage your finances. A fruitful business is also about the people behind the name and without a good leader, your company might just struggle to move forward.

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Hiring An Employee For The First Time

21/10/2016 17:20:40

Thinking about hiring your first employee? Our helpful guide shows you the most important steps you’ll have to take as a new employer.

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20 tips for women in business

21/10/2016 11:14:43

Being your own boss is fun and rewarding but it’s definitely a whole lot of hard work too. These 20 business tips will help you to achieve your goals and be the best businesswoman you can be.

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Setting up a small business

21/10/2016 14:32:46

Setting up a small business requires you to be strategic, as it is often about risks which could make or break your fledging business. For your small SME to really make it, I’ve written some basic tips to keep you ahead of the pack.

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Business licences and work permits when setting up a business

21/10/2016 17:09:56
 

 

How to obtain the correct work permits and licences when setting up a business

Business Licences

Work Permits

If you’re setting up a small business, you might need to obtain a licence from your local authority. These can include, but are not limited to, businesses in the food sector, animal shops, hotels and beauty parlours. If you are planning to sell or distribute alcohol, you will also need a licence for this as well. The licence types you may require before you start can include software licences, data protection licences or health and safety licences.

With so many different types of business licence out there, understanding which ones you need to run your business legally can be incredibly overwhelming. Thankfully, there is a step by step guide you can use to figure out the types of licences necessary for your sector.

To find out whether you need a licence to operate, you can use the GOV.UK licence finder tool, which gives potential new business owners more detailed explanations of the types of licensing available.

Obtaining a licence

If you find that you do need a licence to operate, you’ll need to apply through the local authority in the area where your business is located. It’s easy to apply for a licence form through the local authority office or you can do it online, through the GOV.UK website.

Personal licences will normally last for 10 years but this can be subject to change depending on the person and the sector.

 

Work Permits

If you’re employing someone from outside of the EEA or are from a non-EEA country yourself and are looking to set up your own business in the UK, you’ll need some type of work permit to get started.

Tier 1 Entrepreneur Visa – If you’re not from the EEA but want to set up a business here, this is the permit you’ll need. There is a range of requirements you’ll have to meet before you can obtain this permit and they can be found here, along with other important details.

UK Visa Sponsorship Licence – If you’re employing someone from outside of the EEA, you may need a sponsorship licence to employ them. You’ll need to check you’re eligible, decide upon the type of licence you need, (this will depend on the worker), and have a designated person to manage the sponsorship, (this can be you).

More information about sponsor licences can be found on theGOV.UK website.

There are a range of different work permits available for employees overseas and this can complicate things if you’re trying to hire someone. This comprehensive list tells you more about each visa type and what work they allow a person to undertake inside the UK.

Obtaining the correct licences and checking potential employee’s permits is essential for running your business legally. It can be a difficult and tiresome process but taking the time to do the research now, will save you both time and stress in the long run.