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.

Final countdown for the old tenner

27 February 2018

Final countdown for the old tennerBusinesses and consumers are being reminded that the old £10 notes are due to expire this week and will no longer be accepted.

Figures from the Bank of England suggest that there are still £2.2 billion of old paper £10 notes in circulation. But, from midnight on 1 March 2018, these old paper notes - featuring Charles Darwin - will no longer be legal tender.

Paper banknotes of £5, £10 and £20 are being gradually replaced by polymer ones, which are more secure and harder to counterfeit. These new banknotes also have raised bumps and dots, to help blind and partially-sighted users identify each banknote by touch.

They're also more resistant to dirt and wear, so last longer. According to the Bank of England, this means they're better for the environment, with a lower carbon footprint than the old paper notes.

From this Thursday 1 March, most shops and other businesses will only accept the new polymer £10 notes, featuring Jane Austen. However, people will still be able to exchange any old paper tenners for free at the Bank of England, either by post or in person. And some retailers, banks and building societies may choose to accept the old notes after this deadline - but they don't have to.

The old paper £5 note has already been replaced, and a new polymer £20 banknote will be issued in 2020. The Bank of England hasn't confirmed if the £50 note will be replaced.

All businesses that use cash are being urged to prepare for polymer banknotes; there's more information on the Bank of England website.

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