Guiding you to a better future

For a successful business, you need a viable business idea, the skills to make it work and the funding. Discover whether your idea has what it takes.

Forming your business correctly is essential to ensure you are protected and you comply with the rules. Learn how to set up your business.

It is likely you will need funding to start your business unless you have your own money. Discover some of the main sources of start up funding.

Businesses and individuals must account for and pay various taxes. Understand your tax obligations and how to file, account and pay any taxes you owe.

Businesses are required to comply with a wide range of business laws. We introduce the main rules and regulations you must comply with.

Learn why business planning is an essential exercise if your business is to start and grow successfully, attract funding or target new markets.

Marketing matters. It drives sales and helps promote your brand and products. Discover how to market your business and reach your target customers.

Some businesses need a high street location whilst others can be run from home. Understand the key factors from cost to location, size to security.

Your employees can your biggest asset. They can also be your biggest challenge. We explain how to recruitment and manage staff successfully.

It is likely your business could not function without some form of IT. Learn how to specify, buy, maintain and secure your business IT.

Few businesses manage the leap from start up to high-growth business. Learn what it takes to scale up and take your business to the next level.

Exporting is "huge opportunity" for online businesses

28 February 2018

Exporting is "huge opportunity" for online businessesOne in three small online firms in the UK doesn't export, according to a new study by the Royal Mail.

The survey by the Royal Mail reveals that 30% of UK SME online retailers don't export any goods; 23% don't import; and 11% don't import or export at all.

Yet international trading represents a "huge opportunity" according to the Royal Mail. For December 2017, the value of UK exports and imports was £29.6 billion and £39.1 billion respectively, according to HMRC. The report finds that "targeting overseas customers presents a huge opportunity for UK SME online retailers".

Almost two-thirds of UK SME online retailers (64%) say they are aiming to increase international sales revenues in 2018.

The study found that eight in ten (38%) online retailers have a physical store as well as a presence online. Other popular ways to sell goods include catalogues (14%), telephone marketing (21%) and exhibitions (12%). Eight in ten (78%) sell via their own website and 54% sell on a marketplace.

Looking to the year ahead, 52% of small firms polled say they are planning to sell through new channels, including online marketplaces.

A spokesperson for Royal Mail Parcels said: "The ecommerce sector is becoming increasingly globalised and SME online retailers especially should look at opportunities to expand the international side of their business.

"It is a particularly good time for UK businesses to explore exporting options, given the current state of the pound. There are currently more than two billion internet users in 200 countries, with nearly 100 million of them in English-speaking countries."

News type:

Stay up-to-date with business advice and news

Sign up to this lively and colourful newsletter for new and more established small businesses.

Contact us

Make an enquiry