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Having a online success in business is difficult nowadays, but not impossible. Creating a business plan is one of the best steps that should come first. The importance of the business plan is that it helps to launch ideas into action. Ideas are what separate success from failure much of the time, so rushed ones will not suffice.In difficult times, no one is guaranteed financial success, especially those with poor ideas. To avoid being part of that group of people who set themselves unrealistic targets, who make excused, or those that procrastinate, you need to eliminate thoughts such as:

• I can not create an online business, it is something only for very smart people
• I've already tried it and it didn`t work
• I can`t pay for the product, I'm broke
• It's too hard for me ... you have done it because you are geniuses!
• To make money online? It is impossible. ... it may not work
• This is not for me, I'm happy as I am
• That's all talk ... tell me how to get rich quickly without working much

The important thing is not to get to retirement age and realise that you have not tried, and lost too much time in your life doing something that didn't allow you to live as you dream.Obviously creating a business online is not the only way to get to get rich, there are many other options, and what really matters is that you work hard and consistently to get it.There is an effective formula for becoming a successful person, for a person to get a windfall throughout his life, and it is therefore necessary to have beneficial and real ideas to achieve good profits.Your Virtual Office London can help your new business flourish and thrive. We provide innovative business services aimed at professionals and business owners. Our wide ranging product portfolio can help your business idea turn into a reality sooner than you may think. We provide company formation services to help get your business idea up and running and we then help to improve the chances of success in the first year by offering complimentary services to enhance your corporate image. Our virtual office services can really boost your companies image, it gives your company a real presence in the heart of London.Our mail forwarding service can help give your business the London look, if you want to impress clients there is no better way then showing them a business card or website address with a prestigious London address. It adds instant prestige to any business and it helps you save costs when compared to renting an address in London for a physical office space. Similarly a registered office address can help make sure your Limited company has an official address in London providing your company with a corporate image in a commercial area of the city.

One concern when you have your own business is how to get credibility and prestige, especially when you're starting. This is because there is much emphasis on the importance of positioning yourself as an expert, to stand out from the others and especially to create credibility online, which always costs more.More than anything, you should not have any limiting beliefs when you've just started. I`m not enough of an expert, I have to be this or do that, I cannot compete with the competition, etc. These are typical negative thoughts that block you and will not let you advance in your profession. Worse, they do not allow you to help others as well as you could.So how do you get that credibility, how do you feel more sure of yourself and offer your services with confidence?

You can get credibility with the four key factors

1: Experience

If you're going to spend on a particular area, your own experience gives you a lot of credibility and helps you to help others going through the same situation. For example, people seek out help from others in their field, thus gaining experience every time.The same goes for those who want a business promoting online services. Your personal history is key to giving you credibility. Another example of a credible path is that of becoming a coach. This is an experience that attracts many people who want to do the same thing, gain knowledge in a field and then pass it on to others. This is a perfect example of how to use your own experience and history to be credible, without the need to invent anything.When you form a strong emphasis on coaching, you do not necessarily need plenty more knowledge or experience than your customers. It is built upon self belief and when it comes to positioning yourself, a person can identify and be interested with your career, meaning they will trust you.

2: Training

Training gives you credibility and builds trust for the simple reason that you learn specific skills that can help your customers. Training is important whenever you have a clear goal and you can use it to increase your credibility. Just do not you fall into the common mistake of talking about yourself and your titles too much, because your customers care about what you can do for them, not how many masters you have.

3: Specialisations

The more you like to specialise in something, the easier it will be to excel, stand out, position yourself and charge more for your services. Being specialised in a topic or a specific group makes people prefer you immediately. Who doesn't want someone skilled in the area they`re interested in?For example, if you are a scientist and want a coach, what catches your eye - a coach for everyone or one who specialises in science? In a world over-saturated with information, expertise is power.

4: Evidence

This is probably the most important point of all, on which all the others hinge on. If you have evidence of customers you have helped and achieved their goals, then this gives you instant credibility. Of course, there are always people who think you can invent testimonials and so it is recommended to have full names, photos, etc. Having helped others who were in the same situation is the final proof that you are a good professional.And how do you get testimonials? First, don`t squander the opportunity to take a testimonial every time. But mostly, by simply being a good professional, because the important thing is that you are good at what you do. It is the real key to everything.Your Virtual Office London can help boost your businesses presence, we provide a wide range of services that are aimed to help improve your companies bottom line. Our professional services have been developed over many years and they offer a cost effective way of ensuring a professioanl commercial image for clients and customer alike. Our virtual office services consist of mail forwarding address, registered office address, and call answering. If you would like to discuss any of the points raised in this article please do contct our expert team today.

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.

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.

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.

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.

The UK's service sector has slowed in the last quarter leading up to August. The growth is the slowest in one year, however there is optimism from service provider firms. More companies are now upbeat about growth and the economy as a whole.More firms are also looking to take on employees as a result of the increased optimism. Also further to the optimism many businesses in the service sector, which includes bars, leisure companies and bars are looking to invest in more hardware such as vehicles and equipment.The service sector slowing is an early indication of how the economy as a whole will slow in the second half of the current year.The number of people employed in the service sector has reached its highest peak for over 7 years. However there is now a concern for a lack of skilled workers and professionals needed to meet the demands of a growing service sector.

Why use our Virtual Office services?

Your Virtual Office London can help your service business really take off. We provide professional services within the services sector. Our services are designed to help small and start-up businesses; we provide support for many companies who are often just starting up within the service sector.Our virtual office service combines a mail forwarding address in London, telephone answering service and registered office address. It can help improve the image of your business, which can in turn increase sign ups and sales. Whatever industry you work in please get in contact with our expert team who will be happy to discuss your individual requirements.Expectations for employment growth in the next quarter reached a record high. However, a shortage of professional and clerical staff is expected to act as a brake on growth.

When it comes to a new company forming, everything points towards a realistic and well thought out business plan. However, there is another factors that should have your more attention, such as knowing who your customers are.This is because all your services and products offered need to be placed into context with who and where there is a need in the market for them. After all, those who need and can purchase the products or services that you offer are our potential customers. Without these customers (market) your business literally can not exist: it is they who will give life and movement to your company; they who with their purchases will give you the financial support to pay rent, salaries, expenses and something extra which will be your utility (gain).For these reasons you must be careful and respect your customers to continue purchasing products or services. It is also very important to know who they are, where they are, what they do, why they need these services or products, etc., because without this knowledge you cannot be efficient in your processes and marketing plans.Now, you will wonder how you will get to know your clients if you`ve not yet start your company. The truth is, that it is a little difficult, but if you want to succeed in your new business, you`ll will have to investigate and try to know your market before starting your business. For example, if you wanted to start a bakery, you would want to know what the expected consumption would be and who the potential customers are. Therefore, visit all the supermarkets in the area, talk to employees, owners, and customers about their thoughts on the produce, the quality, prices and sales volume.You may not always get the required information, but by applying a little common sense, you could project the possible sales during the year. Also, market research and checking out the competition can serve to create a list of prospects.Another tool you can use is information and statistics regarding market trends for your business. These can be found on the Internet, the census in libraries, publications at chambers of commerce, and especially in publications of associations and journals in the industry you choose.If you found this blog helpful you can read more interesting and insightful articles within our business blog.

The BGF (Business Growth Fund) has invested heavily into the sustainable energy producer and install Ecovision. The BGF backed Ecovision with over £3.6 million worth of funding.Ecovision is an installer of heat pumps, biomass boilers and solar panels. Founded in 2005 Ecovision has become one of the UK`s leading sustainable energy installers. The company has installed over 5,000 systems across the UK and it is now predicted to increase revenue to over £20 million in the current year.In May this year, Ecovision sold its Photovoltaic system to the well known insurer Aviva, which gave an excellent return for its investors.It has since decided to increase its interest in Hassle Free Boilers, this is an eco-friendly boiler which can greatly reduce energy costs with savings of over £300 per year. The advantage of the hassle free boiler is that there are no upfront costs, the consumer pays on a monthly basis for the service and maintenance.The BGF`s funding is designed to increase the scope and range of the services, helping the company to rely on increased contract revenues. There are also plans to increase the businesses Air Source Heat Pumps, which are designed to replace the energy from usual household heaters.Ecovision was founded by Peter Randall; Peter was one of the founders of Telco-ISP, which sold for $250m before the company merged with Tiscali. Peter said he is delighted to be working with the BGF who are providing the company with much needed with growth capital and access to expert networks.If you are thinking of forming a company Your Virtual Office London can help get your business up and running. We provide business start-up services, from company formation to mail forwarding addresses, whatever your need get in touch with us today.