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Today, thanks largely to the advent of the internet, it is possible to mount a profitable business with little investment. The first aspect to consider before getting started is to have someone to advise you properly.In order to start a profitable and practical business - a successful business it is not to imply that we should invest heavily in order to operate it. It is essential to be informed in advance of all relevant data and information when starting a business, and in this way, you will ensure no mistakes happen, without starting a business completely blind.Before taking any step you must know the amount of money you need to open your business, the products that are sold and the purchase of furniture or equipment, among other possibilities.For many, the experience teaches you that the best investments are the ones you do not act on.More and more people decide to start their own business and become their own bosses. Generally, entrepreneurs often do not have enough investment to create a huge infrastructure in your business capital.It is precisely for this reason that a large majority of freelancers or entrepreneurs choose businesses that require a low investment, but in turn offer high returns. So what are the essential keys when starting a business with low investment and high returns?Key 1: Create a Business Plan: Creating a business plan is a key step for any company which must be perfectly suited to what clients there are, the market you are targeting and the approximate time of a return on investment. Also, the quality of the products, the investment needed etc.Key 2: Small Business: The smartest idea is to definitely start a small business and let the size grow with time. At first, it is appropriate to make an interesting offer to attract new users or customers visiting your business.Key 3: Professional Relationships: Maintain professional relationships with people who are dedicated to the same industry, which are in the same environment as your business, such as experts like Your Virtual office London. Allow yourself to cultivate interesting alliances. Also, you can meet and learn about updates and relevant industry information.Key 4: Licenses required: Opening a business, whether online or offline, involves having all necessary licenses to operate your business that can operate as normal, and most importantly, quite legally. Also, make sure to register your brand and, of course, to pay taxes.Key 5: Trust: Having confidence in yourself is vital to mount any type of business. Never give up; you must have a winning mentality, especially if you put yourself in charge of your own business. Although at first may be difficult to start, remember that success in business is not impossible, and if you have enough confidence in yourself, you will get the successful business of your dreamsNow that you know to mount the 5 key profitable business ideas with little investment, you can no doubt start your own business with little or no money to invest. If you can drive your business ideas and reinforce them, you can surely make a success of your business guaranteed.Your Virtual Office London have helped many businesses become successful. We can help you achieve the goals you have set yourself, we can assist in company formation and taxation services with an affordable business accountant who can help support your business.Your Virtual Office London can also assist in improving the corporate image of your business, we specialise in virtual office services which include a mail forwarding address, registered office service and a director address service. If you would like to discuss any points raised in this article please do get in touch with us today, we are always happy to help.

1Rebel gym startup raises £1.5 million via Crowdcube. The boutique gym, 1Rebel, found 304 investors from Crowdcube who pledged £1.5 million for the new launch of the gym at Shoreditch. The pitch was very popular and was oversubscribed with a whopping £1,559,370 worth of investment.The pitch reached its target of £1.15 million within 11 days of it first appearing on the crowd funding site Crowdcube. The opportunity eventually attracted 304 investors with a stake of 34.03% in the company.The company was founded by James Balfour and Giles Dean, both have worked on the well-known Fitness First brand.1Rebel is a gym that is contract free which allows members pay for and book classes online, providing a pay as you go service.The first gym is expected to open in Shoreditch later this year.

Your Virtual Office London

We have helped many start-ups become successful brands, many of our successful clients have not needed investment in order to progress into larger businesses. Our services are designed to be affordable, Your Virtual Office London understand that keeping overheads down to a minimum is important in the early stages of a new start up.Your Virtual office London have designed products to help improve the image of your company, our mail forwarding service address is a prime example of how our virtual office services can boost your companies commercial presence without having to drastically increase spending.A registered office address in London is another great way to boost your corporate image within your market sector; the registered office can help your company appear larger by showing clients that your address is one in a prominent area within the heart of London.For many of our customers they have also found our telephone answering service beneficial to their progression. You can read more on our telephone answering services here.

Russia seems to be flexing its power once again. The country has stated there could be a shortage of gas for the region including Ukraine, suggesting that Ukraine will need to siphon off gas supplies from the main supply to Europe in order to avoid gas shortage.Russia has stated that the Ukraine`s reserves have reached a critical point. The country has stated that the Ukraine needs to store more gas underground in order to avoid a shortage. If a shortage did occur then the Ukraine would need to use gas from the transit pipelines in order to meet the shortage, however this would directly affect the EU`s own supply.It is not the fast time the gas supply to the EU and Ukraine has come into the spotlight, in June Russia stopped its supplied to Ukraine over a price dispute. The EU was still able to receive large volumes from Russia even when this dispute was at its peak.Many European countries rely heavily on Russian gas supplies, the main supplier in Russia is Gazprom, a state owned company.Gas supply security is the main priority for the EU, and is probably one of the main reasons why no military action from the EU or UN has really taken place in Ukraine. Russia currently holds the ace card in terms of supply to the EU and with winter rapidly approaching, there seems to be very little the EU and USA can do about the situation.The latest sanctions from the EU will hit the oil industry hard but not the gas sector which is vital for the EU.

If we analyse the many business ventures that come and go, there always seem to be certain factors that represent failure and others that lead closer to success. If you want to know these factors or steps, here we present them briefly so you can apply them to start a successful business.

The 8 steps to start a successful business:

So you can lay down the path of success in your business, it is essential that from the beginning you take the appropriate steps. These are:1. See what you love: The first step in starting a successful business is to discover what you are passionate about, interested and motivated for, and it is also essential to develop skills and leadership. Many believe that the first thing is to choose the notion of entrepreneurship, but it is actually taking the decision to initiate and realise that idea into something real.2. Select something you're passionate about. Now it's time to think and realise the idea. To do this, choose the business opportunities that really interest you, because you will be willing to fight and work with motivation for these.3. Meet with more entrepreneurs: You can only achieve success, but as a team it is much simpler. So join other entrepreneurs who drive the same passion and energy that you have, and thus have more ideas to come out the project. Find people with complementary skills.4. Find and learn about your idea: To do this, it is essential to investigate successful companies that move in the industry in which you are interested in. Please review its origin and history and analyse its performance. You can learn a lot from them.5. Design your business. Use the data you got from the previous step and complement it with new ideas. Create a profitable model making clear what will be done in your business; how, with whom, for whom, and what resources they will use, etc.6. Make your budget: Now you know how your business works, you will know what needs to go. Now make your budget so you know how much money you need to put the idea in motion. Do not forget the details and get in touch with experts like Your Virtual Office London for more advice.7. Looking for funding: If you do not have enough money to start, look for ways to find it. While this is not so simple, you can choose to seek financing companies, government support programs, campaigns, investors, etc.8. Design a marketing plan: At this point you already have almost everything to start your business successfully. You just need to create your marketing strategy with which you can then promote it. Use different media, online and offline, and focus much of your energy on this.

Key elements to start a successful business:

With the above given steps you can create and secure your venture going on the right track. In any case you should be clear that there are three key elements that you must have to succeed: These are vision, patience and perseverance. It is these that tell you to get where you want and give you strength to do so.

Every business needs to know and understand successful accounting principles. Business accounting represents the intelligent and logical transactions and resources of a company. You need to be aware of some important accounting tips to help new companies.

Here are some recommendations that are linked to this fundamental discipline for the company.

1) The accounting is the main tool for the control of management. Keep hold of all accounting records for the company business. It aims to be a true reflection of the reality of a company.2) You can not do business if the basics of accounting are not known. Large corporate losses are caused by accounting distortions.3) Accounting is directly linked to the business; it reflects the business. It isn`t all just about numbers, though they need to be very well kept. Numbers must corroborate with that of the marketing strategies and tactics.4) No indiscretions on the accounting numbers. If accounting is the basis for the reality of their business and control its management, any falsehoods will lead to wrong decisions. Financial institutions are specialists in measuring risk and targeting unrealistic figures.5) It should avoid crossings with the accounting subsidies between companies of the same group and/or shareholders. Loans to shareholders should be very limited and carefully followed. It is vital that the shareholder is disciplined and "takes care of" your company, whilst avoiding mixing the petty cash in your own pocket. This is key to successful long-term.6) The accounts must be evaluated over time and by the industry. Compare data over several years and this will identify positive and negative trends of the business and print a dynamic assessment.Finally, keep in mind that the structure of industrial accounting is very different to that of a company, for example, in retail sales or services. For this reason, it is good to compare the financial statements of companies in the same sector and who are leading companies as well.Speak to our business accountant today, they specialise in small and new business start ups.

Follow these tips to keep records of your business:

• Do not complicate things. The simpler your records are, the less likely you are to make mistakes. It also decreases the time it takes to update your data.
• Update your data frequently. Be sure to update your records regularly so you will not miss anything.
• Do not forget the details. Include specific details about your business. It is important to keep track of all your business operations, even for small businesses.

Include the following in your system for keeping records of your business:

• A business checking account to keep track of your business transactions.
• Your monthly income or how much you earn each month.
• Your monthly expenses. Record how you spend money every month.
• The inventory. It's important to keep a record with the value of stock, including all products and supplies.
• Keep tabs on your assets (depreciation schedule). Over time, your assets will be depreciated. You must keep track of changes in value.
• Control of income (income statement). This will help you calculate your gain or loss for a specified period. Learn how to prepare statements.
• Cash flow. Keep track of the ins and outs of cash to manage their finances.
• Balance sheet. This is important to calculate the net worth of your company.

Locate personal information in your business by talking to the sales staff, human resources, accounting and external service providers. This way you can get a complete overview. Each type of information has different types of risks.Pay particular attention to records of personally identifiable information: Security numbers, credit card information and general financial and other sensitive data. These are most commonly used by thieves to commit fraud or identity theft incurring data.If you found this blog helpful you can read more business tips and advice articles in our help section.

When talking about economic issues, one of the main problems in small businesses is financial planning. Knowing how to properly manage your resources and prepare for an emergency fund through hard times is key. It happens with many companies, when they start to go well forget to plan and lose sight of the risks encountered, especially in times like these when the economy is so volatile.

Here are some recommendations to make good use of your resources.

1 - Stick to a plan. Whenever you need to have a budget of income and expenses (outflows) for your business, it`s important to stick to your financial decisions. Inflation and exchange rate are indicators that will help to project clearly how your money is moving.2 - Know your territory. A good way to gain more knowledge on how to better manage money is to analyse some data on the sector in which you operate. Find out how much your sales activity decreased in the past and what the worst months were?3 - Clear accounts. Keep a daily record of your income and expenses. That flow of inputs and outputs is the basis for creating your strategy for administration. It allows you to plan your payments and, in turn, define your balance, i.e. what are the immediate debts and how much capital you have available to pay them off.However, there are other ideas that you can consider to multiply your resources, as long as you have made an assessment of what it means to start growing your business with a loan:- If it is a high-tech company you can turn to venture capital or angel investors.- If you have had a loan on microfinance, then there is the alternative of returning it to them, ensuring that the new line of business represents good yields.Your Virtual Office London can help your new business take off. We provide a range of services for the start up entrepreneur, from a mail forwarding address and telephone answering through to company formations services including a central office location and company incorporation. Our services and products have been designed to give you an edge of the competition.We understand when starting a new venture keeping overheads to a minimum is crucial if you are to really give success a good shot; that is why all Your Virtual Office London products have been made exceptionally affordable without lacking quality. We are proud of our service and have been helping thousands of businesses progress to become successful organisations.

It is a somewhat chastening fact that when you begin to realise how difficult it is to own a business, you must focus not only on the core business of the company but also towards those the financial rules.For most people, the word accounting can generate fear or concern and this feeling is probably stronger in the case of young entrepreneurs. Bad accounting in the short term cannot affect your business and you can, in time, correct the flaws. However, in the long run, you can risk being audited and lose control of the company, which would potentially result in large losses of money.According to Entrepreneur Magazine, to prevent this from happening, there are three unspoken rules to take better control of your new business` finances and accounting:

Start on the right foot:

In the same way you check your emails every day or do an inventory every week, start the same habits in the accounting of your business. Set yourself up notices or memos on a calendar monthly, or at least once a month, the frequency will depend on you. This way, the routine will become engrained and the finances will remain stable at all times.

Learn the accounting language:

Sometimes the biggest obstacle is the accounting terminology. This is because when we hear words like chart of accounts, more passive, active workbook; it`s easy to not understand completely. In these cases it is advisable to take some time to understand accounting basics and for this, the internet can be a very useful tool.

Rate good advice:

The chances are, if you spend a lot of time trying to find an error in your accounting, you will eventually find the solution. The reality is though, that you have a business to run and there is a degree of urgency about the declaration of taxes you must do both monthly and annually. There`s no need to worry though, there are many resources out there to help, such as those at Capital Office.Ultimately, the business of accounting is not as scary as you might think and can be more fun than it sounds. After all, it is what allows us to see the growth of our business.

Your Virtual Office London

If are thinking about starting a business, or if you have already taken the leap from idea to reality why don't you speak to an accountant? We have qualified accountants who are experienced in working with small and start up business. They are happy to help explain the requirements needed when you start a business, information is power and we can help get your business functioning correctly for a long and prosperous future.

The BCC has upgraded the UK's growth forecast. A strong labour market in the UK has helped increase the growth prediction of the UK`s GDP.The economy is expected to grow faster than expected according to the British Chambers of Commerce (BCC). It was originally forecasted to grow 3.1% and now it has been upgraded to 3.2%.However the BCC has also expected lower UK exports which could ultimately effect long term growth.Exports are key for a more stable economy, at the moment the UK relies heavily on consumer spending for growth. Strong international trade growth is going to be an important key factor if the UK is to continue with the economic growth.The Bank of England has upgraded its growth forecast from 3.4% to 3.5%.If you enjoyed this informative economy article you can find more insightful posts in our economy blog archive.

Here are the three important stages of starting a new business:

Business Purpose

One of the initial steps to creating a new business is the business purpose. The owner should write a bit about the dream they have, for example maybe they want to start a business selling clothing for children from newborn to eight, etc. They should further describe here all they want for their business.

Type of Business

The second point to develop is the type of business, where there is added more detailed information about the business, including:

• The name you want to use
• The products or services that you offer
• The experience and knowledge you have regarding this type of business
• The trends of the industry in general
• Opportunities and threats for these businesses

Some of these issues can be answered for yourself and others should be investigated, perhaps through the Internet, library or media, chambers of commerce, associations and publications, preferably related to your type of business or industry. Once investigated and analysed, these points should give a good idea of the overall situation of your business within the economic, social and political environment.

Initial Idea

Every business plan is built around an idea that arises from the detection of a business opportunity. The emergence of the idea to start a business varies depending on the circumstances of each person / people. There are many factors that can lead a person to favour a particular business. In general, the factors that determine the choice of the idea are:Repeating others' experiences – this reflects new businesses, which frequently occurs in times of economic expansion.New business opportunities in freshly supplied markets, creating new or high growth rate.Technical knowledge about markets, sectors or businesses.An entrepreneur who has been employee or officer of another business that seeks independence.When an innovative product becomes known that is estimated to generate a successful market.When it comes to business or activities of low complexity that allow any person to become self-employed in such an activity.

How can Your Virtual Office London help?

Your Virtual Office London are leading experts in company formation and virtual office services. Small businesses and new start ups can greatly benefit from a virtual office service, our service enables a start up to appear more established through use of a prestigious mail forwarding address, a telephone answering service and a registered office address. Using these services can really help maximise your new business potential for succeeding, it is a well known fact that many businesses fail in the first year. Our service is designed to give your business the best possible chance of survival.Your Virtual Office London can also assist in forming a company, if you have started a business you may have become a sole trader however there may be tax advantages of becoming a Limited Company. If you would like to discuss this or any other points raised in the informative article please do get in touch with our expert team. We are always happy to help no matter how small or complex the question.