Business Guides
If you’re starting a new business, or if you're thinking of setting up a company for the first time, how do you know if it’s the right thing to do? Here are some useful guides to help you run your new enterprise.
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Business valuation – how much is your company worth?
Whether you’re thinking of selling or seeking more capital to grow your business, a valuation will give you a clearer picture of your company’s financial health. And more leverage in those all-important negotiations.
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What a cashflow forecast is used for, including templates
A cashflow forecast will enable your company to predict its future financial health. By capturing expected expenditure alongside predicted sales, this tool can provide a guide to your company’s cash fluidity over the coming weeks or months.
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What are trade marks? A guide for company owners
A trade mark is a way of clearly identifying your brand while also legally protecting the trade mark from being used or copied by a rival company to promote their own goods or services. Some trade marks, such as Coca Cola, Apple, Nike etc., are recognised around the globe and have achieved almost iconic status, […]
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Running your company – dealing with late payment problems
Late payments can cause small businesses a serious cash flow headache and in some cases, lead to the company going out of business altogether.
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Steps you must take when you hire your first employee
Hiring your first employee can feel like a strange and daunting task for any small company owner, particularly as it means handing over a great deal of responsibility to another person. As a business owner, you will have a new level of responsibility to ensure your staff members are paid properly, are treated correctly, and […]
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How to choose a limited company bank account
When it comes to forming a limited company, one of the key decisions you face is choosing the best bank account to support your business.
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How to use LinkedIn to market your business
As a professional, it’s the one platform you can’t afford to ignore because simply put, LinkedIn is all about business – so how do use LinkedIn to market your goods or services?
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20 questions to ask before you set up a new business
Running your own small company can be the most rewarding experience for many – but there are risks involved, and many small businesses fail within the first few years. Good preparation is essential to give you the best chance of building a long-lasting and thriving business. At LCH, we’ve set up and run several small […]
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Are you allowed to run your business from home?
The answer to this much-asked question depends on where you live, whether you’re the property owner or tenant, and the kind of business you want to run from home.
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Start-up ideas – How to set up a coffee shop
The UK has seen a boom in coffee culture in the past decade which shows no sign of slowing down. So what exactly does it take to start a coffee shop? Our step-by-step guide will help you get up and running.
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Start-up ideas – How to set up a gardening business
If you love the idea of running your own gardening business but don’t know how or where to start, our straightforward guide tells you all you need to know.
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What are patents and how do I get one?
If you’ve designed a new product or process that you believe is unique you may want to protect your invention by taking out a patent. But what exactly is a patent, what level of protection does it offer, and how easy is it to apply for one?