Hi, I hope you enjoy my business blog. I want to share the knowledge I have learnt over the years from running my own business. It can be really tough and there have been times where I felt like I did not want to go on but once I got past that, it has been one heck of a ride and I am still enjoying every minute. Sharing knowledge is one of the greatest gifts that can be bestowed and that’s what I want to do here. Enjoy your visit.
The Company Directors Disqualification Act 1986 allows the court to make a disqualification order where appropriate. As well as directors themselves, shadow directors and anyone carrying out directorship functions can also be disqualified under the act.
A disqualification order made under the CDDA prevents an individual from:
- Acting as a company director.
- Forming, promoting or managing a company, directly or indirectly.
- Acting as a company administrator or liquidator.
- Managing or receiving company property.
There are several sections of the Company Director Disqualification Act 1986 under which an order for disqualification can be made. Disqualification can be made for a specific period of between 2 and 15 years. This will be specified on the order.
What is the difference between a Disqualification Order and a Disqualification Undertaking?
Disqualification Undertakings were brought into effect in 2001. These are issued by the Secretary of State and are effectively the administrative equivalent to the Disqualification Order. The matter does not need to be referred to the courts but can be carried out entirely through the Secretary of State for Business, Innovation and Skills.
When a company goes under, the Official Receiver (OR) is obligated to submit a report to the Secretary of State, detailing the conduct of all directors involved in company proceedings for the previous three years. It is then the Secretary of State’s responsibility to make a decision as to whether there are grounds, based on public interest, to seek an order for disqualification through the civil courts.
Inappropriate conduct that could potentially warrant a disqualification under the CDDA could include:
- Continuing to trade despite insolvency and to creditors’ detriment.
- Keeping improper accounts.
- Failing to prepare or submit returns to Companies House.
- Failing to submit a tax return or to pay monies due, including Crown tax.
- Failing to work in co-operation with the Official Receiver (OR).
Notification of a Directors Disqualification Order Application
If there is to be a directors disqualification order made, notification will be directed to the most recent address provided to Companies House. Unless explicitly ordered by the court following the winding-up order, administrative receivership, administration or voluntary liquidation, there is a two-year time limit for a disqualification application.
After an Application for Disqualification Has Been Made
If there is to be an application for disqualification, the Official Receiver or the Secretary of State will compile and submit a report to the court, detailing the directors and their conduct.
The directors themselves will be given the chance to provide an explanation for their actions via a statement of truth (sworn on oath, typically in front of a solicitor). There may be additional statements from creditors, accountants or bankers. Using all of this information, the courts will make a decision as to whether conduct made the directors unfit and, if a disqualification is to be issued, for how long.
What purpose does the Company Directors Disqualification Act 1986 serve?
It is important to preserve the integrity of the business environment, and the CDDA goes some way towards achieving this objective.
Directors of limited companies are obligated to carry out their duties responsibly, keeping in mind the interests of creditors, employees and other company stakeholders at all times, and exercising proper care and skill to ensure these interests are upheld.
Most directors take their roles seriously and do not abuse their limited liability position by neglecting to adhere to these obligations. For those who don’t, the CDDA is in place.
When can a Disqualification Order be made by the Courts?
There are a number of examples, including:
- Where offences have been committed under Companies Act Legislation.
- Trading while insolvent, unfit conduct or other wrongful trading.
- Omitting to file reports required under Companies Act Legislation.
Since the act came into force in 1986, almost 10,000 disqualification orders have been issued.
How Proceedings for Disqualification Start
Where unfit conduct, such as failure to pay taxes, file reports or keep proper records has been identified, it must be reported to the Secretary of State for Business, Innovation and Skills. The process will then be referred to the civil courts.
Proceedings relating to a company failure are typically referred to the Secretary of State for Business, Innovation and Skills by the Official Receiver. This is often as part of a compulsory winding-up. Where the Secretary of State does not undertake to accept and issue the disqualification themselves (a disqualification undertaking), the matter will be referred to the courts for a decision.
Disqualification of directors usually runs for a minimum of two years. The maximum term stands at 15 years. The length of the term will be dependent upon the individual circumstances of each case.
In addition to a disqualification, the disqualified director will often be given an order to pay the expenses and costs of the Official Receiver and/or the Secretary of State in bringing the action to court.
How does a disqualification undertaking or disqualification order affect the individual to whom it has been issued?
Unless expressly given permission by the court, the individual disqualified cannot undertake the following for the entire period of the order:
- Be a company director.
- Receive company property.
- Form a new company or undertake any management or promotion of a company.
- Act as a practitioner for insolvency.
Once the term has passed, the individual issued with the Disqualification Order or Undertaking may once again take up a position of trust as a Company Director or within a Company Partnership.
Running your own business can be very satisfying but is also fraught with problems. There is no doubt that being your own boss has many benefits but it also comes with many responsibilities and this is especially so if you plan to run your business with your husband/wife/life partner. You need to be very clear about how the business will be run, who will be responsible for what and what contingency plan you have put in place. Each of you needs to have your own role within the business and be allowed to get on with it, do not, however tempting it might be, interfere with the other person’s job. Never be afraid to ask for help or advice and be prepared to discuss aspects of the business in an unemotional and rational manner. It is also very important that when you go home, you leave work at the door so that you get to spend quality time with your beloved and not just talk shop.
Make sure you and your partner are in alignment on money, vision and business roles, says entrepreneur Allie Sarto.
When people find out that I’ve been running a company with my husband since I was 24, the reactions are always a mix of shock and wonder. “How does that work out?!” they ask us.
I’ll be honest: While it’s been a lot of fun, there have definitely been bumps along the road. We jumped in head first back in 2009 with no clear vision for what we wanted to get out of the company. We were both just along for the ride.
Now, five years in, I think I’m able to offer some advice to others who are thinking about doing something they feel passionately about with someone they feel passionately about. I’d suggest making sure you’re in alignment on these three areas before getting started:
1) How will you pay for expenses—your own and the business’s? This is arguably the most important aspect to be in agreement on from the get-go. Studies have shown a negative correlation between consumer debt and marriage quality; add in the stress of business expenses and a lack of steady household income because you’re both involved in the business, and you’re likely setting yourself up for trouble.
For every tale of an entrepreneur who makes it big after going deep into the hole with credit cards, there are dozens of other stories about entrepreneurs who are still struggling to pay off their plastic many years later.
What worked for us: We built up a six-month emergency fund before we ever left our jobs to start the new business. This absolutely saved us in the early days, since it took more than three months of hard work to earn a single penny for the new business.
Other couples I’ve talked to have had one partner stay in a full-time job while the other partner goes all in during the early days. This diversifies the risk and allows the couple to focus on building the company together without the stress of wondering how the bills will get paid. Once the company is to a point where business is consistent and the couple has been able to establish a safety net of emergency cash, both partners can commit to the business full time.
2) What is your vision for the company? A second point to be in alignment on before starting your business: your visions for your company’s future. How big do you want your company to become, and what types of sacrifices—typically time put into the business—are you willing to make to get there? Click here to continue
If you are considering starting a company or maybe have an concept that you think is excellent and you can turn it into a company, there is no question you need to get your thoughts down on paper.
This is typically done in the form of a company plan. However, most people think company plan and right away cringe and start fearing it is beyond their means.
It did not have all the bells and whistles of a Fortune One Hundred , however most business plans do not. Exactly what they all do have to have is your ideas jotted down in a clear and concise format that you can comprehend with details that concerns what you are attempting to achieve.
For a single person on the program, her strategy was just a drawn out diagram of how she might get her product from point A (the starting point) to point B (into the consumer’s hands as a sale). Your plan could require more work, or then again it may require less.
I have assembled a few questions that you must ask yourself before you start. These questions can be very useful guidelines that you can use in your business strategy. It is very important that you answer these concerns truthfully and extensively and you will soon see a clear vision of what you want to accomplish entered light.
Developed a objective statement. Before you do anything write down your objective statement. In other words what is the objective you are trying to achieve with your services or product?
YOUR BUSINESS IDEA
Jot down your business concept. If you are offering a brand-new item jot down what it is.
Write down exactly what need your services or product addresses. Whatever it is you offer it needs to fill a requirement otherwise no person would buy it. Define the need that it fills.
SALES AND PROMOTIONS
Specify how specifically you are going to sell and/or promote your business. Are you going to be a traditional shop or offer and promote over the internet? Don’t fret about financials of either today. In this procedure we are trying to define your business’s purpose and who your consumers are.
Jot down exactly what makes your product and services unique from all the other similar items out there.
This step will need some study. I advise going to the library and asking a librarian to help you out. In this step you have to specify how big your market is for your product or service and how much your client is willing to spend for it. Based upon this information specify how big your market can grow. If you sell females’s matches that attract the 35 to 45 year old crowd, you can clearly develop your growth and market numbers.
HAVE A CLEAR ROLE FOR YOURSELF
Specify exactly what your role will certainly be in your company. Are you in sales? Advertising? Bookkeeping? Perhaps you are all the above. You need to specify your role.
Will any person be helping you? Do you have to employ added help? If your brand-new business will certainly require aid from others right here is where you will certainly write that down. Specify what you require and what their duties will certainly be.
In this step you have to write down how your clients will certainly pay you and based upon your marketing research under “The Marketplace”, how much your services or product will certainly cost your customer.
JUST HOW MUCH
This likewise requires some study. How much money will you need to get your item based or service based company off the ground? Write down everything it will require to get your product from design, with production and into the customer’s hands. If it is a service, define the cost of getting this service to the customer, the devices you utilize and so on.
HOW ARE YOU FUNDING THIS
Specify where your startup money is originating from. Now that you understand just how much you require, where is it coming from? Pals, family, banks, investors, savings etc.
Specify your success. In order to know whether or not you are succeeding, you need to specify what it suggests to you to be successful. If your objective is to offer a million dollars in suits, compose that down. Perhaps you want to sell 1,000 matches, write that down. Whatever success is to you, then you need put it into the plan.
Jot down your turning points. Every company has a milestone. Whether it is getting your first consumer, making your very first dollar or offering your very first item, these are all sort of milestones. Date each milestone which will certainly hold you responsible to your plan.
Response each area above extensively and you will certainly have the plan you need to be successful. Simply remember to revisit your plan on a day-to-day basis and update it with brand-new information that you discover. This will certainly keep your strategy up to date and present.
When planning a major event, it is a good idea to start a checklist. This ensures you will not forget anything and as each step is completed, there is a sense of accomplishment as that step is check off.
Many venues provide help with event planning, including conference or event planning guides, event planning staff, and other meeting planning services. Many times, these services are included for free when you book your event with that facility.
If you or your staff is doing the majority of the work, here is a guide to help you get started.
What is the purpose of the meeting or event? This will often define the banquet room layout, size of the room, etc. Determine the size of the group, ages of attendees, gender mix, and any special needs.
What are the dates of the event? Are these dates flexible?
Plan the event as far in advance as possible. This helps you procure prime meeting space at the best rates possible.
Develop a budget and determine if sponsors will be necessary.
Develop an outline for each activity or session. These should include the expected attendance, required set-up times, seating arrangements, audiovisual requirements, and starting and ending times.
Determine the catering requirements for each meal, breaks, receptions, and any special events.
Plan recreation activities, team-building sessions, and entertainment trips. Book tickets, if necessary and arrange transportation.
Also arrange air and ground transportation, if necessary.
Develop the timeline for programs, notices, invitations, keynote speakers, event promotion, registration, website design and development, and event material production.
Appoint an administrative team to oversee event registration, create name tags, and welcome packages.
Schedule speakers, if necessary.
Budgeting is something that is done from the beginning and throughout the entire event planning process.
Decide which of the expense will be paid by the event or meeting sponsor and which will be paid by the attendees.
Develop a balance sheet which lists all expenses. Break these down by functional area such as food and beverage, staff time, air and ground transportation, marketing, entertainment and recreation, accommodation, audiovisual, service charges, and taxes and gratuities.
Ensure the budget has a contingency fund built-in for unexpected expenses.
Remember to include funding for insurance and licenses. These include liquor licenses, liability and cancellation insurance.
Compare the proposed budget against budgets for similar events.
Establish a holding account to ensure there are funds available to pay event suppliers.
Get advice from the company’s financial officer or accounting office on which budgeting format to use. This ensures the budget will be compatible with the company’s internal accounting systems.
If expenses exceed the budget, get the approval of the company’s financial officer or another individual with fiscal authority in the company before exceeding the approved budget.
Selecting the City or Area
Decide if there are certain criteria in selecting a city or area.
Pay attention to seasonal hotel occupancy rates, recent changes in demand, and room taxes that may impact expenses. Try and schedule around large festivals or conventions which could limit supply of rooms and/or raise room rates.
Always check on flight frequency and fares to cities under consideration. Most attendees will prefer direct, non-stop flights.
Consider other factors such as security, weather, entertainment, and the social/political climate.
Choosing a Venue
Choose a venue that is convenient to attendees, if possible. For example, one that is close to the airport or a major highway.
Decide which type of hotel would be best for the event. If it is a large event with many different types of sessions, perhaps a convention centre would be best. If it is just a board meeting, then a hotel with a good board room would do well.
How many guest rooms will be required and will they need to be suites, doubles or singles? Do these rooms need to be equipped for business travellers (Wi-Fi, desks, or refrigerators)? Do any of the rooms need to special needs-equipped?
How many and what type of meeting rooms will be needed? What type of audiovisual equipment will be required?
Planning the Meeting
When planning the meeting room setup, there are several designs to choose from. If the meeting will be an active discussion with less than 25 people, a hollow square will work. If the group is more than 25, but less than 40, an E-shape, T-shape, or U-shape configuration is fine.
When planning for meals or smaller sessions, it is generally best to use rounds or ovals. These generally stimulate discussion among smaller groups. A 5-foot round will seat eight people and a 6-foot will seat ten.
Theatre seating is used for lectures and large sessions.
Classroom seating is used for large or medium lectures, but does require a large room. This used with tables, so notes can be taken.
When planning an event, this guide can help you get started. Use this as a checklist to ensure the most important steps get done as you plan the event and you will be off to a good start.
Lead generation is a marketing process to discover and support customer leads till they end up being paying consumers. To find their perfect customer demographics, companies can utilize media channels such as email, banners, social media sites, search (pay-per-click & seo), and co-registrations (sharing registration information with another site). As soon as potential customers click on these offers and opt in by offering contact information, the merchant is permitted to establish a relationship with them by communicating via phone, direct mail and/or email. In time, trust is developed and a percentage of leads turn into customers. The greatest results from a list building program comes from the following best practices.
Verification: The Internet is an anonymous environment, so it is simple for people to get in incorrect details into a type. Data confirmation devices are essential to ensure the information you collect is precise. If the data is not honest, it wears. Some third-party verifiers likewise triangulate information to make sure that the telephone number, postal address and email address really belongs to the user that entered the info.
Recognition: It is also essential to ask qualification concerns to ensure you reach your target market. For instance, if only males are desired, a validation question may be ” Exactly what is your gender?” The business needs to just get leads that addressed “male.”.
Exclusivity: The perfect list building campaign will certainly generate leads specifically for your company. That is, leads are produced for your business just and you own the cause follow up with in any way you wish. Look out for service providers that re-sell data as part of their provisions.
Striking a balance between creating a high volume of leads and guaranteeing top-notch is a difficult task. Imaginative text and imaging is essential, but so is a clear message. Making use of an opt-in offer that needs that a individual actively check a box or response “yes” to take part is the best means to guarantee that you attain a return on your investment. When a individual is not fooled, incentivized or compelled to join, the leads you create are from people who are genuinely thinking about getting even more information from your business. These leads have the greatest potential to convert into sales.
Creative Content: You only have a couple of seconds to encourage a website visitor to participate in your services or product. To maximize conversion rates, the graphics ought to be clean and the copy needs to be compelling. Make sure to record the consumer’s attention and be clear and truthful about the initial offering. As an example, if a shipping and handling cost is needed, this must be kept in mind.
Real time Integration: Leads are greatly more reliable if you work them within 5 minutes of receipt. This is why receiving the leads immediately is essential. Batch files, or data sent through spreadsheets at numerous times throughout the day, are no more sufficient to evaluate the value of the lead generation program.
Live Reporting: Determining conversion rates at different points throughout the list building procedure until a sale is made is vital in determining the efficiency of a project. The faster you can do this, the simpler it is to make corrections to the process to increase efficiency and lessen losses. To do this, real time reporting is ideal. In addition, make sure to record vital lead information such as source, time, date, and where the lead wases derived from (e.g. URL & IP address) to rapidly enhance information generators and control general lead pricing, volume and quality.
Call Center: If a sale is complicated, it can be beneficial to have a phone conversation with a prospective consumer. This method provides you an opportunity to answer concerns and discuss the service or product in even more information. Conversion rates from certified cause sale from this technique are normally higher than those without human communication.
Direct-mail advertising: You have the data source created from your lead generation program, so if the postal address is collected and confirmed, you can utilize it to send brochures, coupons and special offers. This is a excellent means to construct a relationship and keeping your brand top of mind. 5. Measure Outcomes Conversion rates The objective of lead generation campaigns is to gather qualified leads that convert into sales. It is impossible to judge the quality of a list building campaign purely by the number of leads generated or their expense.
Conversion Rates: The objective of list building projects is to gather qualified leads that convert into sales. It is impossible to evaluate the quality of a list building campaign simply by the variety of leads generated or their expense. Measure conversion rates at various points throughout the lead to sale procedure and reliable cost per acquisition rates to ensure profitable, repeatable results.
Metrics: It can occupy to 6 or more touches to convert a lead into a customer, so it is extremely important to define and examine metrics for each stage of the lead generation and follow-up procedure. By examining each phase, you can quickly and easily identify areas that can be improved in order to enhance performance. List building projects are not constantly successful with the first attempt. It takes some time to master the process. Put aside a reasonable budget plan, at least $5000, for testing and knowing.
Now that you understand what it requires to execute a effective lead generation campaign, you’ll need to see to it you have the devices you have to perform. If you don’t have the time, cash or resources to construct your very own innovation, consider contracting out. Employ an seasoned advertising business or expert to lead you through a process that will certainly provide you with optimum value and minimum risk. Experienced Internet marketing business can supply you with the tools and innovation you need to make a significant impact to your bottom line.
Technology has made it possible for companies to share videos with their customers and colleagues. In the past, the only way for a business to share a video over the web is by providing a link to the video. The audience has to click on the link in order download the video first, then open up the video player to play it. The big problem with that method was that the video took so long to download. Potential customers give up on the wait and do not come back. Colleagues grow impatient because waiting around for the video to download wasted their time. Then came video streaming which allows a video to start playing when the viewer clicks on the player. That was a good start, and the technology just gets better. Now, a lot of companies are using on demand video streaming for business.
How does using that help your business? There are many situations when video sharing this way is useful. Video marketing can be very effective if it is executed properly. Suppose you have a valuable product video that can really showcase your product with demonstrations. Customers will find your video helpful because it shows them exactly how your product can be used. The modern video on demand technology even allows interactivity so that if the customer chooses to buy right then and there, they can click and be directed to a product page where they can purchase.
The services that provide on demand video support stores you videos and will stream them over high performing networks so that your video will run smoothly, without the problem of stalling on the Internet. The service offers you flexible bandwidth and storage which is based on your needs.
Many services have special players that you can customize with your branding so that your viewers will see your videos next to your brand. The reinforces your brand strength without diluting it in any way. The video player can be tailored to fit in with the design of your website so that it will look seamless and beautiful. You have the options of broadcasting the video subtitles in different languages in order make your video accessible to people around the world.
Not only does on demand video streaming for business useful for reaching out to customers, it is also valuable in internal company operations. For companies that have a sales force around the world, it is a challenge to include them in company communications and events. Annual company meetings often contain important information that everyone should know about, even employees offsite. To make the meeting accessible, a company will often record the meeting’s presentations and make it into a video that other viewers can view whenever they want. This is where on demand video streaming for businesses come in. The video can be posted on a company web page. When the viewer clicks on the player, he can start watching the company video and take part in the meeting.
It is important to make sure that your video can play on a variety of devices. So many people are using tablets and cell phones on the go to conduct business. Your video should be able to be played on popular mobile devices to allow viewers to watch your video on the go. The video should be encoding in different ways so that your audience will have the optimal viewing experience regardless of the speed of their connection.
Sometimes you may only want certain internal company videos to be available to select individuals in your company. If your video needs to be secure, your website will need to be in a secure HTTPS area. Visitors can gain access by through a portal which requires a login to pass. Any embedding code will also be in the HTTPS area. Your video can also be encrypted to prevent unauthorized downloads. Videos can be secured so that they can only play on your website.
You can use on demand video streaming for training purposes. Training videos can be accessed by your employees at any time. For example, your regional sales employees may not get a chance to come to the corporate office to get training. However, you can design a serious of videos that cover the same training materials. The employees from regional offices can click and view these videos at their convenience. That will save your company the expense from flying them out to the corporate offices just for training.
There are on demand video streaming services that are very easy to use. It is easy to update a video whenever you like. You can check your video account to see how many people have viewed it.
A video typically requires the work and input from multiple people. Each person is responsible for a specific part of the video. In your video account, you can assign different parts of the video to different people, so everyone only has access to edit his specific piece. This prevents confusion in accountability of maintaining the video.
There are many helpful uses for on demand video streaming for businesses. Find a reputable company that can get your started. Find one that is easy to use, yet robust enough for all of your business needs. With effective execution, you will see an uptick in your web traffic and improved results.
The creation of a home based company takes time, energy and knowing the best steps to take. I am going to provide you some important home business tips to set yourself up for successfully earning money from home.
There are many means to create a home company, however if you do not begin with a solid foundation and build on that foundation you will not do well. This is an exciting time in business world today and there are a tremendous quantity of chances in the age we are entering. You see we are leaving the industrial age and have entered innovation.
It is this change that has caused the closure of numerous small businesses. To make the shift or to jump in to the fast growing world of innovation there are some pointers that well worth finding out about.
The first pointer is that of organization. The home business company is very little different than that of a small business, the difference is where the organization happens. The greatest barrier is producing a balance in between house and work. Time organization is key aspect here. When first starting it is crucial due to the fact that lots of people in this area are still working outside the house. You will have to balance your home company schedule with your routine task work time and your individual house life so that you do not burn yourself out. It is my suggestion that you arrange your home based business work time when you are not tired. What I indicate is if you work a task during the day take some individual down time before you enter into work mode in the house and the very same goes if you work nights or the back shift. Ideas for down time include, but are not restricted to some type of workout for instance opt for a walk, do some pilates or yoga, this will certainly clear your mind a allow for the ideas to flow. If you work late shifts get some rest then go for a walk, you’ll be astonished at how refreshed you will feel and how much more efficient you will be. The evening shift is trickier you can either prepare to sleep immediately or work then sleep, just remember to clean your mind no matter which approach you take.
That being stated the next suggestion I offer to you is that of state of mind. The only thing I need to provide right here and it is the most crucial thing to bear in mind is: You are EXACTLY what you THINK you are. What this suggests if you believe adverse then all things including you become unfavorable. If you think positive then all things including you end up being favorable. I am discussing the energy you put out being the specific energy you take in. If you begin a project with favorable energy, however do not get immediate income advantage and you turn becoming unfavorable about the job quiting then you will reap only adverse results for your efforts.
The next tip is about understanding and abilities. If you really want even more from life than you can achieve by working for another business, then you have to acquire the expertise and abilities to pursue exactly what you want. Financial independence is not handed to you on a plate unless of course you are born into a wealthy family. To produce wealth you need to add education to your state of mind and business organization. There is an whole world online where you can find out the skills you require along with obtain the tools you need to start.
Lastly, what developing a home based company takes is diligence and determination. You see if you do not have these 2 things and you start a task without these skill to see it through you will certainly fail, but that is fine. Have you failed in the past? Then you are on the right course, you just have not discovered the ideal work from home circumstance yet, so go to the link below then click it and sign up for a 7 day trial. This could be what you are looking for.