What Do You Do If Your Business Goes Bust?

It’s a fate no-one want to think about when they’re setting up a business. When you pour every bit of your soul, energy and effort into it- failure is a difficult pill to swallow. Unfortunately, it does happen (and often too) and so if you have found yourself here then know that you’re not alone. There are a number of legal and practical issues that need to be sorted out, here’s what you need to do.

Sell What You Can

Your remaining stock, business supplies, even office equipment can be sold to raise money to help pay outstanding bills. You are likely to need to sell at reduced prices to get it shifted quickly, but any money you can raise to pay things down is a good thing. Your competitors may also be interested in purchasing your intellectual property too. This includes trademarks, copyrights, and patents plus any works or jobs you have in progress. Your customer lists, company name or product names may also be of interest. There are quite a few aspects of your business that you may not even have considered that can help you to raise money, so do your research.

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Speak To Your Creditors

Once you have raised as much money as you can from your business, you will need to speak to your creditors. Having this lump sum to offer them is helpful, from there you can look into negotiating a payment plan to cover the rest. Sometimes cases are a little more complex, and so if you’re unsure cut straight to the next point.

Hire an Insolvency Practitioner

When you can no longer afford to pay your creditors and have gone bankrupt, or your company has gone into liquidation, you are considered ‘insolvent.’ An insolvency practitioner (who usually has a background in accountancy or law) is licensed to advise on and undertake appointments about your insolvency. As this part of the law can be complicated, and particularly since you will be going through a difficult time dealing with the liquidation of your company, it’s advisable to seek professional help. A company such as Hudson Weir will be able to guide you through the process.

Learn From Your Mistakes

Don’t let your failure deter you from starting in business again in the future. Businesses set up by former bankrupts grow faster and do better than first timers, which makes sense. Think of everything you now know about business. A failure can show you what doesn’t work and put you on a better path for something that will. Evaluate everything that happened in the lead up to your failure and work out what you could have done differently. When you do start up a new venture, you’ll be much better prepared.

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Have you ever experienced a business going bust? What was your next move?

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The Most Essential Factors You Need to Consider when Choosing a Diamond Engagement Ring

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If you’ve decided to ask your beloved to spend the rest of her life with you – if you’re ready to make that commitment – then it pays to think about the process of choosing an engagement ring. It’s a momentous occasion, after all, and it should be considered carefully. Diamonds may or may not be a girl’s best friend (depending on the girl, of course), but choosing the wrong diamond engagement ring is really not the best way to start a life-long commitment. So what exactly should a prospective husband be looking for? For those who want to put their best foot forward, here are the most essential factors you need to consider when choosing a diamond engagement ring.

Think of shape first

A diamond can be cut into various shapes – from more or less round, to oval, to more angular such as square or rectangular. Round ones are the most popular, so in case of doubt, go for the round one. Unless your precious one has a specific shape in mind (and you are sure she prefers it), stick with the round one. On the other hand, buying her a diamond that does not conform to the traditional does make the diamond original.

Does size matter?

Yes – but make sure you stick with your budget and don’t think that buying the biggest stone in the shop automatically means you’re getting the best deal. There are a lot of other factors involved, such as cut, shape, colour, and other factors that affect quality. Furthermore, since it’s an engagement ring (which, we assume, will be worn for a long time to come), it should not interfere with her everyday activities.

On quality

Many factors affect quality, such as cut (which is basically a mark of the workmanship), colour (most people prefer the colourless – or white – variety) and clarity (which is usually determined last and graded in different ways). The quality of the stone is highly dependent on the person who made the rough diamond into the stone it is one the ring.

You may also want to consider where the diamond comes from – where in the world it was mined, which company cut it, and how it actually came to be in your hands and eventually around your loved one’s finger. Ask for certificates – not just to ascertain that it is, in fact, a real diamond you’re going to give, but also to ensure that you have indeed the right size, right grain, right amount of carats, right colour, and right clarity. It’s all about making sure you’re getting what you’re paying for when it comes to diamond engagement rings, after all. You’re making a commitment (in more ways than one), so it should be done the right way. Congratulations in advance!

 

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How to Travel (Relatively) Luxuriously on the Cheap

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If you think champagne on the cheap sounds too good to be true, then, well – you’re probably right. Budget travel typically won’t involve nights at five star hotels or days at top quality spas, but there’s a lot you can do to get those occasional sensations of living the luxurious life, whether it be an affordable fine dining experience, a spa treatment at half price, or a few free hours inside VIP airport lounges.

Collect travel points and book online

This one’s a no-brainer. If you’re doing a lot of travel, then collecting points through a loyalty scheme can add up and result in extra perks or discounts. Check with airlines and accommodation chains for membership cards. Some airlines offer frequent flyers time in their exclusive airport lounges. Booking online in advance, as opposed to booking at ticket booths on the spot, can also save you money on all types of transport.

Travel during off-peak season

Everyone knows that summer is the most popular season for holiday travels. Kids are off school, the weather’s great and – as a result – airline tickets and hotel prices skyrocket. Choosing to travel off peak season is not only cheaper, it can make for a more relaxing experience as you’ll be surrounded with fewer tourists. Off-season holiday package deals (flights and accommodation inclusive) are heavily promoted by travel agencies during non-peak season and can offer great value for money.

Activities and Excursions

Before paying for activities such as water sports or city tours, check online for special offers and discount codes that could apply to your purchase. If you’re visiting a popular tourist destination, then chances are that you’ll find at least some applicable promotional codes or coupons online.

Nightlife

Often, the best bars are the exclusive, chic ones that tourists don’t yet know about. So how are you going to find them? Ask locals, of course! Try the Like A Local Guide for insider tips on the best, and most reasonably priced, places to hang. Next, if you haven’t downloaded one of the many apps that help you discover which local bars are offering Happy Hour – then get on that right away! Nightclubs typically allow free entry until late, so turn up early and avoid wasting $30 on admission. Keep in mind that casinos sometimes offer free drinks to customers – just don’t be tempted to join a poker table or your financial loss might outweigh the benefit of a getting a couple complimentary mojitos.

Events

Joining international globetrotting and expat communities such as Internations.org often gives you exclusive invites to international events. Sites such as Meetup.com will give you access to competitive prices on numerous parties and social events. If you’re lucky you’ll even find cost-free meet-up events on here, ranging from ‘yoga in the park’ groups to wine tasting tours. Best of all is how international expat sites help you build contacts and increase your chances of getting on guest lists.

Accommodation

Boutique hotels, being smaller and local, can often give you the same luxury experience as big brands but at a lower price and with a more authentic feeling. Booking sites typically let you sign up for price drop notifications, meaning you’ll get an email update as soon as any accommodation that you’ve got your eye on decreases in price. Apps such as HotelTonight show last-minute room rates at what can be 70% off the original price. This is a good method for finding cheap luxury accommodation providing you’re comfortable procrastinating until last minute. Alternatively, check for home exchanges on sites like AirBnB – you never know who might be renting out their luxury apartment just in time for your visit…

Dining

If possible, opt for fine dining lunch as opposed to fine dining dinner. Lunch menus are typically cheaper (even more so if you go for a set menu) so this is the best time to grab some fancy grub.

Saving money on luxury travel can make all the difference for a vagabond who could not otherwise afford the full price of glamorous accommodation, fancy events and Michelin star restaurants. Taking advantage of all these budget tips requires a great deal of planning, but is nonetheless necessary for most people who want to travel luxuriously in the long term.

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Say Goodbye To Facial Fuzz For Good

Facial hair is a somewhat taboo subject. Well, when it comes to female facial hair it is. Men embrace their facial hair, styling it in all manner of ways. A lot of women love a guy with a little stubble or a well-styled moustache. There’s even a month designated to the growth of male facial hair for charity – Movember. But when it comes to female facial hair, it’s a whole other story.

Although a somewhat taboo subject, female facial hair is being talked about more and more these days. This is because there are, thankfully, a lot of different treatments on offer. While this is a good thing, as more treatments mean more chance of successfully eradicating your facial hair for good. The downside is that it can be hard to know which treatment to opt for. After all, you want to ensure that whatever you choose gives you the best results.

With that in mind, below we’ve delved a little deeper into some of the most popular hair removal methods.

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Waxing

Waxing is a popular choice for removing facial hair because it gives long lasting results. After waxing, you can be hair-free for between three and six weeks. However, waxing can cause irritation to the hair follicles, which can result in acne. So if you’re going to use waxing as your hair removal method of choice, it’s worth having it done professionally. This means there will be less chance of irritation occurring. Plus, waxing only tends to work well on the area above your lip and your eyebrows, it’s not a treatment for the whole face. Waxing works well on all hair types as it pulls the hairs out from the root. However, thick hairs may leave open hair follicles that are prone to infection.

Hair removal cream

Hair removal cream might not smell all that great, but it is one of the best hair removal options. Well, as long as you don’t have dermatitis-prone skin, that is. The great thing about hair removal creams is that they don’t yank the hairs out. Instead, they simply dissolve them, causing them to break off at the root. What’s important when it comes to hair removal creams is choosing the right product. You see, if you have sensitive skin, it’s important to choose a hair removal cream that’s made for sensitive skin. Or, if you have thick facial hair, it’s a good idea to use a cream like Vaniqa for thick facial hair, to ensure that it’s able to work effectively.

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Threading

For anyone wanting precision, threading should be the hair removal method of choice. It allows areas across the face to be plucked quickly and easily. Unlike waxing, it’s more gentle, meaning that it’s unlikely to cause irritation to the hair follicles. While you can learn to thread, it’s best to book yourself into a salon or specialist hair removal facility. As that way, you know that the results will be good. Threading is suitable for all hair types, but like waxing, it’s best for finer hair. As otherwise, it can leave visible follicles.

Bleaching

Okay, so this isn’t technically a hair removal method, but it’s still worth mentioning. If you’ve got fairly fine facial hair, instead of removing it, consider bleaching it. By bleaching the hair, you can make it less noticeable, and don’t have to stress about irritation caused by hair removal products. Just make sure to use bleach made for facial hair.

Facial hair can really knock your confidence as a woman. So it’s important to find the best and most suitable method of removing it.

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Early Planning Essentials For The Perfect Wedding

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Your wedding day promises to be one of the best of your life. The planning stages can also be some of the most stressful. There’s so much to consider that your head will be spinning. Some small additions to your early planning can make your life much easier as the big day arrives. Breaking the mammoth task of planning into stages is sure to take a little of the stress away. Here are a few things you should start considering as soon as possible.

DRAW UP A BUDGET

It may sound simple, but planning your budget early on will be a lifesaver. Weddings can be a real money pit once you get into them and having a set amount in mind will help you know when to draw the line. That line will be a constant point to come back to when you’re at risk of getting lost in wedding mayhem. When you find yourself veering off track (which is likely to happen at some point, let’s be honest), your already planned budget with help put you back on level footing.

PICK A TIME AND DATE

You can’t get much done until you know a time and date. Get this out of the way as early as possible. A set date will give you a clear deadline to work towards, as well as allowing you to move forward with your other plans. With most venues getting booked years in advance, this is a case of ‘you snooze, you lose.’ Get booked up as soon as possible to avoid missing out on your dream venue or season.

WRITE A GUEST LIST

Guest lists are one of the most stressful aspects to consider in those early stages. Getting yours done as soon as possible will be a big relief. With your venue sorted, you should have some idea of numbers by now. Deciding whether to invite an uncle you barely know may seem like a stressful undertaking, but it’s necessary. Whether you’re having a big white wedding or a small affair, guests are going to play a big part in your day. Make sure you know who will be sharing the experience with you.

SAVE THE DATE CARDS

With your guest list already done, you can get started on your save the date cards. A new phenomenon, save the date cards can be a fantastic way to ensure all your guests have plenty of notice. They will also help make your wedding invitations easier when you get to them. Like venues, people need as much notice as possible. After all, you don’t want to risk your loved ones not being able to attend. These cards may seem like a huge task but think of it as a warm up for that looming time when your invitations need to go out. You can even match the style on your save the date cards and your invitations. With that in mind, this will definitely be saving you a job in the long run.

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Getting to Know Your Business Better: Why It’s Useful & How You Can do It

When you own a business, you rely on a team of people. That’s why it’s possible for owners to become relatively detached from their business. But you are still the one in charge, so doesn’t it make sense to know exactly what’s going on and how the business is functioning? Read on to find out why this is important and what you can do to change things.

Why Should You Know Your Business Inside Out?

Knowing your business inside out is a benefit to you and your business in all kinds of ways. For a start, it allows your business to become more adaptable and changeable. When you know what is going right and wrong, you will be able to make specific and pointed changes to how the business is run. This is hugely beneficial because it ensures that the business can always be as good as it possibly can be. You will also be able to build relationships with employees and important people.

You will be the one who is responsible for the success or failure of the business because you own it. So, it makes sense to be fully involved with how the business is run. If you’re not, then this will give you less control. When your business fails, it will be your fault for not playing a bigger and more influential role in the business. Your hands-on approach will certainly pay off, so here’s how to make it happen.

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How You Can Do It

The tips and advice you’ll find below will really help you to change how your business is run. You will know more, learn more and be in a better position to do more for the business. So, once you’ve read the advice below, you can start to put the ideas discussed into action.

Use Data to Track Performance and Efficiency

Using data better is something that any business owner can do right now. There are so many tools to help you with analytics and data tracking. When you use them properly, you can learn more about how your business is performing and how efficient it is. Having this information can help you to make changes to how you run the business, which is vitally important. Cefar Systems can be used for doing that, so use all the tools and equipment out there to learn more about how your business performs. Not knowing will only hide the deficiencies from you rather than solve them.

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Hold Meetings in Smaller Groups

Meetings can often be useless and meaningless. Those kinds of meetings if you want to do things properly. As the head of the business, it makes sense to hold meetings because it helps you to understand what your employees are working on. You can then coordinate their work and give feedback when necessary. To make the most of meetings, however, you’ll need to hold them in smaller groups. When you do this, you can give more precise feedback and get to know people on a one to one basis more easily. This matters a lot when you want to motivate and engage your workforce, so give it a try.

Talk to Buyers and Customers

The people who come at the end of your production process should also be paid closer attention to. After all, they are the ones that matter most when it comes to running a profitable business. If your buyers and customers are not happy with the products or services you’re providing, it won’t be long before they leave you. They can easily try out alternative companies if you’re not giving them what they need. That’s a big concern for you, or it should be anyway. Talk to them, start to understand their thoughts and opinions. Then you can make the changes that will keep them happy.

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Seek Out Wastage

All businesses waste money and resources in different ways. This is something that you will have to deal with if you are going to run your business in an efficient and profitable way. If you run your business from a distance and you’re not fully involved in what it does, you won’t be aware of this wastage. So, by making changes, you can get more involved and seek out these areas of wastage. You will then be able to identify changes that will allow your employees to use resources in a smarter and more efficient manner. In the end, that will turn out to be something that is massively important for the business.

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Unique Ways The Internet Can Turn You Into An Entrepreneur

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The Internet may have revolutionised our lives in multiple ways, but one of the best is making it easier than ever to become an entrepreneur. The world is a lot smaller these days now that everyone is online, putting various clients and customers in contact. Not only has the Internet widened your customer base, but it has also created some new jobs. Most of which can earn you a tidy sum of money. Intrigued by becoming an Internet entrepreneur? These are some of the ways you can become one.

Start Blogging

One of the easiest ways to make money online is through a blog. As long as you have a hobby or interest that you can write about, you should find it very easy to turn your musings into blog posts. If you can write passionately, you can attract a large audience. Once your blog starts to be noticed, you can start to monetise it with adverts and sponsorship. If it takes off in the way that the Zoella blog did, you may even get a book deal out of your site!

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Become A Social Media Genius

Do you know everything there is to know about social media platforms like Facebook and Twitter? Then why not use your skills and knowledge to become a freelance social media specialist?! This is a great job that allows you to work remotely from home. Lots of companies are always on the lookout for social media specialists. These freelancers help them increase their followers on various social media platforms. You will also be responsible for scheduling posts and curating content.

Rent On Airbnb

Do you have a spare bedroom that is never used? Why not list it on holiday rental websites such as Wimdu and Airbnb? There are thousands of travellers looking for rooms on these sites. Renting on these kinds of websites appeals to many travellers as it usually works out a lot cheaper than booking a hotel. And they also like the idea of staying with a local who can give them great recommendations and tips. Once you have quality linen from bedding manufacturers and taken some fancy pics of your room for the website, you are all good to go!

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Sell Your Pictures

If photography one of your main hobbies? Well, there are plenty of websites where you can now sell your images. Most of these work in the same way that Instagram does. You can simply upload your images and wait for people to like them. However, they also have the added extra of a market platform. You can choose the images that are listed on the market. The more images you have on the market, the more chances you have of making a sale! Don’t forget that you need to get permission from people in any of the pictures before you sell them.

So what are you waiting for? Rather than procrastinate on Buzzfeed, start making money whenever you are on the Internet. It may even be the start of a very lucrative and successful online career!

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Why Is It Important To Put A ‘Ring On It’?

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Engagement rings are part of some century old traditions surrounded by many myths and beliefs. It is believed that the custom began in 4th-century Egyptian culture as they believed a circle to be the symbol of eternity, something with no beginning and end. The Western culture began exchanging rings after the impact of Roman and Greek marriage traditions. It was believed that the ‘ring finger’ has the ‘Vena Amoris’ or ‘Vein of Love’ that directly connects to the heart, thus making the exchanging of rings a promise of love for eternity.

ENGAGEMENT RINGS IN POPULAR CULTURE

Even though, after its rich history and romantic context, an engagement ring in today’s ultra-modern world serves much more purposes. Here are some of the reasons why an engagement ring plays a major role in our society:

A SYMBOL OF COMMITMENT – Engagement rings reflect your individual style. An engagement ring on a finger is also a direct signal that you’re in a committed relationship and are no longer “available” for anybody else. The token of commitment actually means much more for the society, rather than the couple themselves. A committed couple doesn’t need a material to prove anything, but a sign for the sake of the society seems like a necessity.

PROOF OF LOYALTY – Even though love reigns supreme, a little satisfaction in knowing that your partner is loyal to you hurts nobody. Seeing your other half flaunting the ring in public and among his/her friends gives you a sense of safety and assures you that they love you and only you.

READY, BUT NOT YET READY – They say that you just know when you meet your soul mate. And that is relevantly true. You know you’ve met “the one” and you’re completely ready to spend the rest of your life with them. But maybe your bank balance or your unstable job or your broken apartment doesn’t think the same. Often even when you’re totally committed, you want to be married but certain factors seem to stop you.

In that case, getting engaged is a perfect option. It gives you time to settle down your life while at the same time, you give your betrothed the promise of togetherness. Just because you are not ready to settle in and start a family doesn’t mean you can’t commit yet. If you’re looking for the perfect ring with a reasonable price, make sure to check out Ringleaders.com.au for their elegant collections.

ENGAGEMENT RING FOR TRUE LOVERS

Even after all the beliefs in the old world and modern society, for a couple truly in love, an engagement ring is the ultimate tool that seals their love forever. They don’t wear the rings for their partner or for the society, but just feeling the metal on their finger gives them happiness and purity.

An engagement ring should never really be a product of societal pressure or your lover’s demand, but it should be a gesture to say that you’ve found the one you were searching for. For a lover, an engagement ring is the ultimate symbol of commitment and love.

This article is published in partnership of Mediabuzzer.

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Add Some Glorious Prestige to Your Business Today!

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Prestige is something that small businesses often have a hard time getting. But it can be essential if you want to ascend to the big leagues. Here are a few tips for those looking for extra prestige!

On the shoulders of giants

A lot of small businesses owners can be pretty stubborn. They want to live this romantic business dream of starting out with nothing and building the business with their own hands. To get any sort of assistance from someone renowned would seem to taint that somewhat. But if you want to add some prestige to your business, this is the sort of thing you need to do.

Networking may reveal to you some very respected organizations or individuals. Teaming up with them can do wonders for your business. This can take the form of getting direct assistance from them, or even partnering up. Their strong reputation will help others see you in a more positive light. Read more about networking at http://www.forbes.com/sites/theyec/2014/07/28/how-to-network-the-right-way-eight-tips/.

Celebrities

Of course, who is more “giant” than a celebrity? The companies that celebrities choose to endorse have to be chosen very carefully. The kind of prestige that celebrity backing can offer is definitely high. But there are a couple of things you should keep in mind. There are many out there who will see that tactic as a little tacky. And celebrities, of course, generally result in a bill that will make your eyes water. It’s worth considering, but there are probably better ways. Read more about it at http://opendorse.com/blog/celebrity-endorsements/.

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The physical address

So where is your business located? Is it in a popular commercial city, the kind that we see in classic and modern movies? Where it’s all “happening”? Cities like London, New York City, Tokyo, Paris – they all have a certain prestige about them. But not a lot of small businesses are located in such areas!

Unfortunately, a lot of these businesses are often dismissed because they’re located out of the way. A similar business located in a bustling city will always seem more professional and successful than one based on the outskirts. It shouldn’t really be that way, but that’s how it is. Thankfully, there are steps you can take to fight this. Let’s say you’re based somewhere like Bushey or Croxley, in England. Close to London, but no cigar. You could actually get yourself a virtual address based in central London. This can help you a lot in the prestige department! Read more at www.yourvirtualofficelondon.co.uk/london-mail-address-business-services/mail-forwarding-london/.

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The not-so physical address

There are an alarming number of businesses out there who don’t have an online business domain for their email. What this means is that they have to use email addresses that name Gmail or Hotmail or Yahoo. This doesn’t exactly look very prestigious!

When you’re emailing people in businesses, you should be using a professional-looking email address. It should read your.name@companyname.com, or something to that effect. If your current web host hasn’t allowed for this feature to be bundled with your current website plan? Then you should probably find a different web host!

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Life in the Fast Lane: A Need to Know Guide to Taking Your Business on the Road

Starting and running your own business is one thing, but taking that business out on the road is something else. You have to do what you can to ensure that you can achieve success as much as possible. This is all about preparing and planning so you’re able to run the company effectively when you’re away from the office.

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Taking your business on the road is essential for helping you to grow and expand your client base. You’re giving people the kind of service they want and promoting a positive image for your business. That’s why you need to ensure that the company can be taken on the road with relative ease as soon as possible.

Get the Right Vehicle

It’s so, so important to make sure you choose the right vehicle when you’re taking your business out on the road. You need something that’s reliable, the right size, and fuel efficient. Speak to anyone you know who has a van and is on the road a lot and listen to their advice. It’s so important that you get this part right and pick the best vehicle you possibly can. You are going to be running your business from this car or van, so it needs to be right. It’s essentially going to become your office while the company is on the road. Think carefully about this decision, and make sure you thoroughly research before making it.

Stock it Well

Once you have secured the right vehicle, you have to make sure it’s well stocked. And this means figuring out the stock you’re going to need to carry out your job on the road. Now, it will, of course, depend on the sort of business you run. But you’re going to need to equip your van or car with all the essentials necessary for making a portable business thrive. Things like nightsearcher floodlights, cabling, step ladders and tools are all vital. Consider everything you need to run your business on a daily basis normally. Then think about how much of it you need to take with you. You might be able to get hold of equipment that will allow you to kill two birds with one stone, and make your life easier.

How Far Will You Travel?

You also need to give some thought to how far you’re going to travel. The whole point of taking your business on the road is so you can get clients you wouldn’t normally get. You need to travel outside of your business comfort zone and drive your brand elsewhere. But, you also need to think about how much extra this is going to cost you. Fuel costs are going to be a factor, but then there are also things like man-hours and staffing costs to consider. So, make sure you weigh up how far you are willing to travel, and then make a decision based on that.

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Taking the business on the road is an exciting new chapter in your life as an entrepreneur. But, it’s also an important one to get right. It could open up many more doors for you as a company, so it’s important to spend the time getting it as right as you can.

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