Recent content by SillyBill

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    Beware the union rep

    U.K. seems to want to catch France up at a rate of knots in terms of size of State (fastest tax growth in the developed world) / workplace protections yet we're nowhere near as productive as the French per hour worked - this reads really terribly to me for UK growth prospects (and I mean private...
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    Companies will have to pay UK supplier invoices within 60 days or face fines

    IME most big businesses do at least pay lip service to the law, codes of practice (as now) can be totally ignored. So I personally welcome this, do I think it will be wholesale change to the payment landscape? No... but it will mean 60 is the most big business can ask for upfront in contracts...
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    Whatsapp Business Advice

    We use an email app/tool called Missive. I am not paid to promote them, we're not affialated in any way, we pay for their services. In any event it links to all our "incoming" lines of communication, including e-mails/whatsapps, a whatsapp for us visually (and practically) looks no different to...
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    Race to the bottom

    Its best to not even give these operations a second of mind bandwidth, no shortage of people who will sell for pennies online, I class them as essentially unemployed, but in denial.
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    Do these still impress people?

    It depends, cjd's is genuinely impressive so that sort of stuff is worth shouting about. Lesser stuff (some regional prize noone will have ever heard of) can make you seem tinpot. Silly claims on websites like "UK's leading XYZ manufacturer" is something SMEs do too much and its absolutely...
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    THE COMPANY CHRISTMAS PARTY - Please don't force staff to go...!

    We do a Xmas party and a few people never come, doesn't bother me as the boss, I don't personally believe in enforced fun and the basis of our invitation is basically " if you want to". I always state to my GM to make it clear its not an expectation to come so noone feels forced. We are a very...
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    Just started my own business...

    I think 5 seconds is fair as it not much more than what you have to even pull the interest in so they will listen to the other 25 seconds+. If it starts like a word salad its already lost.
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    Should I sell my profitable company?

    £2m for a business that is heavily linked to a founder/owner would be a tall price. I would say that businesses that fetch more get interest and approaches over the years which itself can inform how attractive your business is. Your competitors or other businesses looking to diversify would've...
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    Is technology killing business?

    Feels a little like late stage capitalism at times, where the whole system is eating itself, particularly now globalism is well-entrenched after a good 2-3 decade run. I am not convinced there are enough customers who value high quality customer support enough to pay an actual premium. So we...
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    What’s the state of play out there for UK Business

    Well my energy bill quadrupled in 2022 from c. £40k/year to £160kyear. Its now running about £80k/year. So basically an extra employee equivalent on the books every year, for no return. In that time Corp tax was also increased by almost a third, basically meaning my business has/had £tens of k...
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    Physical Retail Shops - Is it worth it?

    Statements of vitality or death are one thing, the other is trend. And the trend for B&M retail is not done going down, that is my personal opinion. The whole sector remains a risk until the trend bottom plateaus or reverses - I personally can't see it for a good while. I see so many factors...
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    Banks said no. So I built my own funding system.

    Its an idea I haven't heard before, so in a crowded space of ideas, it was worth exploring and well done for that. My view though is that it reads like a very low value lottery, credible business people want certainty, not a game of chance. Perhaps I'm of a size of business which doesn't...
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    Is It Too Risky to Start a Business in the UK Right Now?

    One thing that frustrates me is numbers are rarely inflation adjusted. We often compare today's income with yesterday's without accounting for inflation. We should be earning a few % more nominally than the last few years to stand still (get the same in inflaton adjusted income). So an actual...
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    Is It Too Risky to Start a Business in the UK Right Now?

    Yes they matter a lot. It's not south east homeowners leaving the country to become potentially unemployed in another country, what has changed for them to go, they've been getting richer by property appreciation still? We are accounting for a very dramatic spike so the logical thing is to look...
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    Is It Too Risky to Start a Business in the UK Right Now?

    That is the sort of comment that wouldn't be out of place at a Unite rally. But reinforces my point of the increasing hostilty to wealth in the country. We changed the rules on non-doms, so not sure what is your point here? We are agreeing that we have driven high net worth people out by our...
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