Five Reasons New Business Ventures Fail

Top Five

1. No market for the product or service. Hands down! This is the main reason for business failure. If there is no (or little) market need for your product or service then your business venture will fail. Closely related to this are: The market does not understand your product or service. The market is not […]

Up to 40% GRANT funding for business projects.

If you are based in North East England up to 40% Government GRANT funding is available towards 3rd party costs on: Business growth planning. Improvements to systems – such as stock control & cash flow. Financial restructuring. Coaching and Mentoring. This means when you appoint us to carry out a project you get MONEY FROM […]

Stepchange Business Growth is now a member of MAKE UK

We are delighted that we are now members of Make UK. We believe that our experience working in and growing Manufacturing SMEs over the last 20 years will be a great asset to to the Make UK community and look forward to working with Make UK and its members in the future. Growth in manufacturing […]

IR35 Draft Legislation

It’s here! The government has released its draft legislation for its Off-Payroll private sector proposals today. This legislation will be incorporated into next year’s Finance Bill and if there are no changes in the meantime, the impact on medium sized private sector companies and their subcontractors will be massive. The key points which you need […]

Exit Planning: Selling into a growth story

It’s an unfortunate fact the most SMEs do not have an exit strategy and because of this they are often sold well below their potential value. I understand why this is the case – it’s simple, most SME owners think about exiting when they are considering retirement or when they realise the family is not […]

Is your finance department preventing fraud?

In 2018 it was estimated that the financial cost of fraud for the UK was £110 billion and globally over £3 trillion*. In fact, over half of UK businesses have been hit by fraud in a two- year period. There is a high chance that many SME owners reading this article will see their company […]

The importance of monitoring sales per employee.

In this Article Mark Marsh considers the importance of Sales per Employee within the SME and for whole of the United Kingdom. One of the most important KPIS you’ve forgotten Previous articles can be found here.

Setting Up a US company as a UK-Resident: Business Location & Taxes.

This is my third article designed to help UK companies which are considering setting up a USA subsidiary. For the purposes of this article we will assume a UK resident has decided to set up a C Corporation. We will also assume that the subsidiary has no “presence” in multiple states. Business location is one […]

Setting Up a US company as a UK-Resident: State of Incorporation

This is my second article designed to help UK companies which are considering setting up a USA subsidiary. For the purposes of this article we will assume a UK resident has decided to set up a C Corporation. We will also assume that the subsidiary is not a pure “internet based” business. The difference between […]