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Example of overtrading
A case study of a situation of overtrading and the potential disaster it causes.
Business mistakes: taking your eye off the competition
Analyse and monitor your business competition to stay ahead by understanding their strategies, anticipating market trends and adapting your plans accordingly.
Business mistakes: poor stock control
Guidance on how you can avoid poor stock and asset management on in the early days of running your new business
Common mistakes to avoid when starting a business
Learn about the most frequent mistakes made by new business owners so you can avoid them in your start-up journey
Avoid the problems of overtrading
How expanding businesses can match production and order cycles using gearing, working capital or quick ratio tests.
Business mistakes: poor or inadequate market research
Conduct thorough market research and get to know your clients when you start-up in business.
Business mistakes: weak financial planning
Lack of capital, contingency plans and a reluctance to seek professional advice are all potential start-up problems
Borrow money for capital investment from pension schemes
How small self-administered pension schemes allow a business to borrow money with certain restrictions.
Claim loan interest against tax
If you deduct loan interest from your profits you can reduce your business tax bill.
Six tips to avoid common business start-up mistakes
A quick list of common start-up business mistakes which new businesses owners can make and how to avoid them.
Business mistakes: hiring the wrong people
Making unwise staff hiring choices can seriously undermine the success of your start-up business.
Advice and support for young entrepreneurs
A list of support organisations, funding and advice available to young entrepreneurs
How to start your business in Derry City and Strabane
Start-up support for entrepreneurs in the Derry City and Strabane District Council area.
Company name and trade mark checker
Check that your planned company name or trade mark is not already registered or similar to one already existing
Advice and support for diversifying your farm
Find local organisations which provide advice and support for the expansion or diversification of your farm business.
Advantages of diversifying your farm
Some of the benefits of adding new business ideas and income streams into your existing farm business
What is farm diversification?
What farm diversification means for your business and how to use your land, tools and expertise to drive business growth.
Having trouble raising finance for your business?
How to overcome problems when trying to raise finance to get your new business idea off the ground.
Realistic business planning with limited finances
How to create a business plan and a cashflow forecast to help control finances in your start-up business.
Alternative sources of business finance
Consider alternative funding options including family loans, part-time jobs, re-mortgages and credit unions.