small business

EU Referendum – Are Small Businesses Better Off In or Out?

EU in or out?

EU Referendum: In or out? Pic courtesy: eureferendum.blogspot.com

The hot topic in the UK right now is the EU Referendum on whether Britain should remain in the European Union (EU) or not.

Why should I concern myself with this really? And how does staying or leaving affect my business and other small businesses in the UK. Well, because the Government and all other stakeholders say so. I am not concerning myself with the opinion of the military, immigration chiefs etc but SMEs and business leaders in general. So, is this ‘common market’ worth staying in? or should us small business owners be looking at taking the future into our own hands and exit the EU?

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The Musician's Friend is today's Small Business Making Big Waves

The Musician’s Friend is today’s Small Business Making Big Waves

The Musician’s Friend

Every once in a while I like to acknowledge start-ups making waves in their chosen market or industry. Starting up is probably one of the most difficult business decisions to make hence my constant advice to do it properly. However, starting up properly is not enough these days; a combination of business intelligence, luck and dedication, at the right moment, at the right time sure enough puts any start-up on the proverbial path to success.

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Embrace Every Form of Competition

“A flower does not think of competing with the flower next to it. It just blooms.” Zen Shin

While sitting with another business owner recently, I gleaned yet another piece of advice which I must say is quite important to all entrepreneurs. All the advice i’ve gotten so far is absolutely essential to all business owners as well as aspiring ones; this is why I share them with you lovely people.

Ok, so here goes; competition, of whatever form was a death sentence to many entrepreneurs – myself included. It can happen that you’ve been nursing a business idea and just when you are about to implement it, along comes another entrepreneur who has the same idea and gone a step ahead to launch it. It can also happen that you are already in the early stages of start up or launch and you are in the process of stabilising your business or experiencing some early teething problems and next door the same business (as yours) springs up and probably hit the ground running. This can be quite devastating to many entrepreneurs.

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 The Difference Is Important

It’s National Small Business Week. Hooray! Small businesses are the backbone of this country. They create jobs, come up with new ways of doing old things, and help keep money in the local community. Without small businesses, we’d be in a bigger economic mess.

Among those of us with small businesses, there’s confusion between the terms Small-Business Owner and Entrepreneur. Both can have small businesses, but they have different styles of leadership and thoughts on running their business. One is not better than the other, they’re just different. How do you fit in to these 4 scenarios?

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