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Lemonade CompanyWhen life gives you lemons, make lemonade and sell them to supermarkets! I’m not joking, a friend of min...
17/04/2024

Lemonade Company
When life gives you lemons, make lemonade and sell them to supermarkets! I’m not joking, a friend of mine runs WeMadeDrinks, a drinks company which started as a lemonade company at university. The demand for soft drinks continues to rise, as companies like Coca-Cola make a killing (low sugar healthy soft drinks are a current trend you could tap into).
To get started you’ll need lemons, also a production facility, bottling equipment (asset finance is an option if you want to spread the cost) and much more alongside the relevant licenses whether you’re using a home or commercial premises to produce the lemonade/alternate soft drink.
You also need to build an attractive brand, website and marketing materials. You can sell directly into supermarkets (though the margins may be low and its time consuming to get such contracts) or you can start simply with a mobile lemonade stand you can take to festivals, community events and high traffic locations (Innocent tested their first smoothies at a festival).

Removals CompanyMoving to a new house or office is one of the most stressful and laborious tasks anyone can undertake, i...
10/04/2024

Removals Company
Moving to a new house or office is one of the most stressful and laborious tasks anyone can undertake, in many cases due to the sheer volume of things to pack and move, the majority of people/businesses will hire professional movers.
To start a removals company, you’ll need a decent-sized truck or van and a clean driving license, and professional driving experience will also help (from a safety perspective given the amount you’ll be driving). Fuel will be a big part of your costs; you should consider investing in an electric van or truck, which although expensive upfront cost a fraction of what it costs to run a traditional petrol or diesel vehicle. You’ll also need access to packing supplies and at least one other person to help you move large quantities of goods or heavy objects.
Given that businesses and individuals only move on average every seven years, this business in the short term is very much about constantly acquiring new customers. To market your removal business, you can list yourself in local directories and partner with estate agents to offer your services to their clients.

Holiday RentalsIf you have a spare room or are going away on holiday, you can rent out your entire property/ a single ro...
03/04/2024

Holiday Rentals
If you have a spare room or are going away on holiday, you can rent out your entire property/ a single room as a short-term rental. You can rent this space on platforms like Airbnb and Booking.com to instantly access a large market of short term renters (holidaymakers and business people) and its relatively easy to set up an account (they’ll even insure your property for up to $1m in damages).
To get started, you need to create an account and list your property/room for rental and the periods it’s available. You’ll need to provide a detailed subscription, photos and set pricing (look at other properties similar in the local area to get an average price).
Getting bookings on short-term rental platforms is all about photos and reviews. So, make sure you have professional photos of your property (some platforms will do this for you) and set your price at the lower end of average to get bookings/ those all-important positive reviews (you can increase the pricing later on to market average or beyond based on occupancy).
Bear in mind short term rental platforms do charge commission, if you don’t want to pay these fees, you can also set up a website and booking system (using WordPress or another CMS), a little bit more complex but no booking fee. In terms of marketing for your booking website, you’ll want to focus on gaining relevant search ranking through content or using PPC to target searches, for terms relevant (i.e. London holidays homes).

FranchiseeFranchising is where you pay an upfront fee and an ongoing fee to use the trademark, systems and model of an e...
26/03/2024

Franchisee
Franchising is where you pay an upfront fee and an ongoing fee to use the trademark, systems and model of an existing successful business. In essence, it means if you’re stuck for a business idea or want an already successful brand/business model, you can buy it.
Popular franchises include McDonald’s, Pizza hut, Green thumb and many more. Smaller franchise examples include Greenthumb a lawn care and treatment business, who have franchises in different areas across the country.
To begin to explore franchising, you should take a look at the franchises available, then carry out market research to establish whether a particular franchise brand/business model would do well in your area. Make sure to check for existing versions of any franchise in your area; franchisees are unlikely to allow multiple franchises in the same market/locat
ion.
Once you’ve decided on the potential franchises you’d like to buy into; it’s now time to contact the companies and find out about the terms they offer alongside initial investment cost (paying particular attention to the ongoing fees). When you’ve chosen the franchise, you’d like to open it’s all about pouring money and resources into setting up (location, staff, equipment), this is the opposite of a low-cost business idea in most cases!
The beauty of franchising is that you are buying into an already successful brand/business model with a clear plan to scale. This said to be wary of businesses offering franchises where they have not proven the model to be successful themselves; there are cowboys in this market.

Debt CollectorAverage Household debt in the UK stands at over £59,000 with small business debt on average at over £30,00...
26/03/2024

Debt Collector
Average Household debt in the UK stands at over £59,000 with small business debt on average at over £30,000. A good proportion of these debts are serviced (meaning interest and repayments are made as agreed), a sizable number of debtors fail to meet repayment terms. At this point, if the debtor is unreachable or unsuccessful in resolving payment of the debt, the lender will typically apply to send in the debt collectors.
The role of debt collectors is to recover the amount owed to the lender from the debtor. The ideal result of this is the debtor will then pay the debt collectors in full, sometimes this may also mean agreeing and enforcing a payment plan if the debtor is unable to make full payment upfront. If the debtor is unable to pay in some cases, assets may be sized providing the debt collectors have the relevant paperwork (such as a county court judgement). Debt collectors are typically paid via fixed service fee or from a % of the debt recovered (sometimes a mix of both payment types). To start a debt collecting agency, you need some basic understanding of the law and excellent interpersonal/communication skills (also some safety gear is advisable). Debt collecting businesses are also a popular franchise option (if you’re looking to take an already successful agencies business model, brand and systems).
Debt collection can be a very lucrative small business idea, but there is an element of safety/danger to consider, it’s common for debt collectors to receive verbal and physical threats from debtors who are unable to pay or don’t want to pay (it’s not for the faint of heart).

FranchiseeFranchising is where you pay an upfront fee and an ongoing fee to use the trademark, systems and model of an e...
26/03/2024

Franchisee
Franchising is where you pay an upfront fee and an ongoing fee to use the trademark, systems and model of an existing successful business. In essence, it means if you’re stuck for a business idea or want an already successful brand/business model, you can buy it.
Popular franchises include McDonald’s, Pizza hut, Green thumb and many more. Smaller franchise examples include Greenthumb a lawn care and treatment business, who have franchises in different areas across the country.
To begin to explore franchising, you should take a look at the franchises available, then carry out market research to establish whether a particular franchise brand/business model would do well in your area. Make sure to check for existing versions of any franchise in your area; franchisees are unlikely to allow multiple franchises in the same market/location.
Once you’ve decided on the potential franchises you’d like to buy into; it’s now time to contact the companies and find out about the terms they offer alongside initial investment cost (paying particular attention to the ongoing fees). When you’ve chosen the franchise, you’d like to open it’s all about pouring money and resources into setting up (location, staff, equipment), this is the opposite of a low-cost business idea in most cases!
The beauty of franchising is that you are buying into an already successful brand/business model with a clear plan to scale. This said to be wary of businesses offering franchises where they have not proven the model to be successful themselves; there are cowboys in this market.

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