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Insights for Entrepreneurs

Category: Expanding and Developing Your Business

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3 Reasons Why Kraft Paper Bags Are So Cool

There are plenty of things to consider when choose bags for your business, and coolness might be something to think about if you want to attract new customers. It might seem like a fairly loose term, but looking for cool, fashionable bags can help you stand out, and here are just three reasons why Kraft paper bags are ideal.

1. Kraft Paper is Environmentally Friendly

You’d have to be living under a rock to not understand how important the eco-friendly credentials of packaging materials have become. It’s important to choose environmentally conscious materials simply to promote sustainable business practices, but it’s also a smart way to court customers. Nowadays, shoppers want to know the businesses they frequent are committed to helping the environment, so eco-friendly products have become increasingly cool. Kraft paper certainly fits the bill since it’s 100% recyclable and biodegradable.

2. Kraft Paper is Ideal for Customization

While plain paper bags have a degree of retro charm, most businesses who understand the value of branding like to add custom printing. Kraft paper is a fantastic material for printing since it takes ink well and doesn’t crumple when held, meaning any branding you add will stand out and get noticed as your customers carry the bags around. With the freedom to make a cool design, Kraft paper should be a top choice for creative businesses. 

3. Kraft Paper Combines Upscale with Simplicity 

One of the problems with using simpler materials is that they don’t always suggest your business and products are particularly upscale. However, Kraft paper sidesteps that issue since it combines the old-fashioned simplicity customers seek with the premium look and feel that keeps bringing them back. Not at all flimsy, the appearance of Kraft paper is sophisticated and professional, and its thickness and strength make it feel like a luxury product to the touch.

15 Things to Remember When Starting a Business

If you’re starting a business, you have a whole new world of things to remember. It isn’t easy. You’ll more than likely get a permanent migraine for a while. But if you remember these 15 things, you should be OK and get off to a great start!

A Business Plan Will Help you to Progress

Before you tell me lots of businesses go without a business plan, I already know. It’s perfectly possible to start your business without any real plan solidified on paper. Many of these businesses succeed, some of them by accident. However, if you want to be sure of your success, then a business plan is a good way to do just that. Outlining everything to do with your business and having it in one place will help you to move forward when you’re feeling stuck. It can help you escape the business when it’s going under (hopefully that won’t happen). It can even help you to secure funding. Don’t be lazy. If you can create a business plan, then do create a business plan.

Overestimate the Money You Need

Some businesses don’t need much money at all to get started. If you’re lucky, you won’t need any! However, you should always overestimate the amount you think you need. When it comes to a startup restaurant, for instance, it’s always going to help you to have more cash in reserve. The more money you can keep for an emergency, the more secure you can be if your business slows down.

You Need to be Prepared to Work Harder

Lots of people start a business so that they don’t have to work as hard as they usually do. While this can be the case, it might take years for it to happen. You’ll need to be prepared to work much harder than usual to get your business off the ground at first. I’m talking 6/7 day weeks, and long days. As long as this business is your passion, then it shouldn’t be much of a problem!

An Online Presence is Important

Even if you trade offline, and online presence is important for your business. Having an online presence allows more people to find you. People who didn’t know you existed suddenly realise that you’re there. You open up a whole new world of opportunities! Trading both online and offline will get more money coming in. Even if you don’t trade online, having that presence will help you to connect with customers and allow them to learn all about you. It’s beneficial whichever way you look at it! There are rules to conducting yourself online though, so make sure you look into those first.

You Must Be Original

Having originality is an absolute must. If you can think of an answer to a problem in a niche market, you could be onto something. If you’re starting a business like all of the other businesses out there, then you have a lot of competition and could easily fail.

You’ll Need Emotional Support

Emotional support is so important for business owners. Times will get tough, so make sure you have people you can talk to and swap ideas with. Whether this is a partner, spouse, family member or friend, keep them close!

Your Team Will be an Important Asset

The team you work with will be the most important asset to you, whether you start out as 2 people or 10 people. Make sure you value them, train them, and invest in them. Employment law consultancy is a good idea as they can handle any legal issues regarding things such as contracts. Reward employees for their hard work. Build a team like this and it’ll be hard for your business to fail!

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Protecting Your Business is Crucial

Protecting your business is absolutely crucial. You can protect your business by ensuring that you take care of your reputation. Don’t give anybody a reason to suspect you of wrong-doing. Remember that everything you write online is there permanently, whether you delete it or not. Insurance is a must too. Not just any old policy; a policy that covers you specifically for what you do.

You Should Never Hold Yourself Back

Too many business owners hold themselves back. If you can expand by hiring another member of staff, do it. If you are saving yourself time or money, then it’s a worthwhile investment.

Don’t Rule Out Teaming Up

Ever thought about teaming up with another business? If you offer things that could potentially work well with one another, then team up! You’ll both find this beneficial and increase your following.

You Can’t Please Everyone

As hard as you try, you can’t please everyone. This means you need to pick a market and target them specifically, as much as you want to try to target the whole wide world. You also won’t be able to please every single customer, so be prepared for ‘funny’ customers who can’t be pleased. Always try to make them feel like they have had a brilliant experience with you. Don’t take their nastiness personally!

Market Research Will Take You Far

Market research will help you to develop a business that people actually want. Make sure you listen and take everything in to come up with something that works!

Most Businesses Fail

Sadly, most businesses fail. This can be for a number of reasons, but it’s usually because they just weren’t prepared. They weren’t passionate enough about what they were starting, and they thought it would be running itself by week 3. Be realistic and your business is so much more likely to succeed!

Take Calculated Risks

Taking calculated risks is recommended to help you get ahead. If you play it safe and stay within your comfort zone all the time, you won’t get very far. All good things start right outside of your comfort zone!

Keep the Passion Alive

Make sure you stay passionate and love your business. Make sure it’s always a business that makes you want to jump out of bed in the morning. Work out what you can change if it isn’t doing it for you.

Ready to start a business? Good luck!

Bindman – Doing Your Legal Practice Due Diligence with a Law Training Contract

Your ultimate aim may be to one day run your very own legal firm, but we all have to start somewhere. In the case of carving out a legal career with the entrepreneurial spin of one day running your own legal firm, there simply isn’t any other route than to go through the academic process of obtaining your law degree, but acquiring the kind of competence to enter the legal field professionally doesn’t end there. You still have to go through training contracts and pupillages as the last obstacle to get over en route to qualification as a solicitor. Continue reading »

Buying Repossession Property From Distressed Vendors To Flip For Large Profits

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Unfortunately, some people are unfortunate enough to find themselves in situations of financial difficulty which in some sad cases can lead to the situation that their home is repossessed by the bank. Continue reading »

When Customers Call Your Baby Ugly: Handling Negative Online Reviews

You worked hard to build a company you are proud of. You take care of customers and clients with efficiency and attention to their needs. Yet, when you check your online reviews, your customers complain about unmet expectations, disappointing service or lackluster customer care. Those negative comments on online review sites feel like a gut kick — as if your customers have just called your baby ugly. Continue reading »

Old Whittington Waste Water Treatment Works Gets New Wind Turbine

A wind turbine has been installed at Old Whittington waste water treatment works in Chesterfield, so as to increase the amount of renewable energy generated on-site. Continue reading »

Ways to impress your business clients

It’s true that first impressions count; but so do last impressions. With a business client you have to ensure you get off on the right foot, deliver excellent service all down the line, and leave them more than satisfied, happy to give you a recommendation or work with you again. However, there’s more to making a good impression than just doing a good job, and these can be as important in establishing a long-term business relationship.

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