Coaching, Training & Personal Develoment in East London since 2001.

Category Archive: Business Start-up

Thursday 24 September

10 Reasons why 60+ is a Great Time to Start a Business

Independent Coffee House Owner

  1. You have a living toolbox full of valuable skills and experience – someone somewhere wants them.
  2. You’ve survived bossy bosses, boring jobs, filing, frustrating meetings, the colleague from hell, career hiccups, financial crises, sleepless nights …. running your own business will be a doddle.
  3. You can use your Oyster 60+ card or bus pass to get to client meetings and networking free!
  4. You have a lifetime’s worth of contacts, some in positions of influence. Now’s the time to call in those favours!
  5. You can shamelessly exploit your children’s ICT skills to set up your website and social media accounts, or to design your business cards and adverts. If they complain, remind them that you taught them to use the toilet.
  6. You get concessionary rates on events at the City Business Library and others!
  7. The internet means you can do business from anywhere, even with your feet up.
  8. Save on medical bills! Running a business will definitely keep you active, one of the few proven ways to help stave off age related decline.
  9. It’s a whole lot more fun than Bingo.
  10. Because if you’ve got an idea that won’t go away, you need to do something about it. No matter how old you are.

Whether you’re 60+, or just feel like it sometimes, if you’d like help turning your idea into a business get in touch. Our Business Brainstormer workshop is the ideal place to try out your ideas and think through all the options with a professional coach. If you decide to go for it, Business Companion will see you through the whole start up process. Get in touch – we love to talk start ups!  (And yes, we’re over 60!)

Saturday 30 August

Keep learning, keep growing

Growing plantBoth Phil and I come from a background in education and September 1st always feels like the new year for us. It’s a time to review how far we’ve come and make plans for the year ahead, especially thinking about new training needs for the people we work with, and of course for us personally!  This year I’ll be studying for a Diploma in Small Business Coaching from the Coaching Academy, aiming to build on my long interest in helping entrepreneurs (and would-be entrepreneurs!) with a more coaching approach.

There’s plenty of evidence that learning and exercising your brain keeps you young! What will be your new learning? What will be your new goals for the year ahead?

PS If you work in education check out our special offer on personal workshops and coaching: a small appreciation for all the hard work that’s about to start for you again!

Friday 5 April

5 New Financial Year Resolutions for Small Business Starters

accounts6th April and a new financial year – time to make some new year’s resolutions for your business?

If you run your business alone or part-time (alongside umpteen other responsibilities!) it’s horribly easy to lose track of your finances. Believe me – I’ve had my share of year end panic: turning out drawers to find lost receipts, racking my brains over mysterious entries on statements and unreadable cheque stubs!

So here are 5 financial resolutions I wish I’d kept better…

1. I will keep and organise ALL my receipts

Minimum solution: find a biscuit tin, label it 13-14 and throw them in there- at least they’ll all be in one place! If you aspire to a slightly more professional approach, log them at least once a month (see 4!), tick with a highlighter to remind you they’re logged, clip them in order and file.

2. I will log ALL my mileage

At 45p a car mile (or 20p if like Phil you cycle everywhere!) you’ll be amazed how it adds up! These days you can even get a mileage app to make your life easier.

3. I will send out my invoices promptly

It sounds ridiculous but starting out you can get so busy thinking about the next job (and maybe so excited about actually having customers at all!) that you don’t get around to sending your invoice for the last one. Make sure your invoice includes payment dates and methods – bank transfer if possible- and keep track of outstanding payments.

4. I will do my books at least once a month

Get an accounts package, download a free app, set up a simple spreadsheet – or do it the old fashioned way in a book, but set a time and do it.

5 I will schedule reminders for essential payment dates NOW

Companies House, HMRC, credit cards, banks: late payment = automatic fine, costly AND annoying! You’ve worked hard for your profit, don’t give it away through plain forgetfulness!

Are you running a small business? With the 2013-14 Tax Year starting this week, what new year resolutions would YOU add?