From one-man-bands working from home who need space to employ one more person, or those planning to expand for different logistical or business reasons, scaling-up is a good choice, but flexibility is key.
If you’re registered as a limited or public limited company it’s highly likely that you’re eligible to claim back cash from the
UK Tax Authority (HMRC) on money that you spent developing your business,
including staff, contractors, software, and other costs.
In my experience many of them go through 5 distinct phases which I have decided to call The 5 Phases of Failure (yes - shocking title I know!). Here’s a very brief summary of the 5 phases of failure...
Build a website (then realise that traffic is hard to get)
Attend networking groups and events (until you find that they are attended by the wrong type of people for your business)
Switch to LinkedIn (until...
Employing an international workforce is becoming more commonplace today, even for new business and SMEs. However as smaller companies explore the opportunities that the global market can bring, the burden of understanding these markets from a managerial perspective becomes more tricky. Here are some of the things to consider when you look to expand or hire abroad.