Offshoring and quality

May 01 2006

Posted by Gordon as General Management, Off Shore Companies

It used to be that when an item is “made in Taiwan,” it’s a cheap knock-off that’s bound to break down after a few uses or a short period of time. Now, however, Taiwan is at the forefront of technological innovation, with development of customer-grade and high-end computer systems. For instance, did you know that majority of the laptop computers shipped worldwide were made in Taiwan by little-known—but very large—production companies that manufacture computers to specification by their American or European clients? This only means one thing: in the business of offshoring, “cheaper” doesn’t always translate to “lower quality.” ...

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Offshoring and international economics (continued)

Apr 29 2006

Posted by Gordon as General Management, Off Shore Companies

Business process offshoring is basically an offshoot of the “comparative advantage” argument in international economics, where countries that can produce output at lower costs usually get the deal. And lately, this has been true for developing countries, where companies' business processes—including customer contact centers, programming, bookkeeping, and data management—are usually outsourced. What’s great is that the cost of offshoring these business processes is definitely lower than what one would expect to pay in more developed countries, with higher costs of living and higher overheads. Another concern of those against offshoring is the quality of work. Some would argue that ...

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Offshoring and international economics

Apr 28 2006

Posted by Gordon as Business Concepts, General Management, Off Shore Companies

Business process offshoring, or also called outsourcing, is just another economic concept business people are expected to be in the know of. This trend in how companies produce goods or services has existed since decades gone by, but it’s only now that it’s in the limelight, because of increasing pressure from some sectors of western society for companies to stop trading goods and services with developing countries with lower labour costs. It is argued that the presence of low cost workers in other countries, along with cheap shipping costs, is killing local companies and putting locals out of ...

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New software helps deal with absenteeism

Jan 05 2006

Posted by Gordon as Business Concepts, Business Enhancements, General Management, Limited Companies, Off Shore Companies, Partnerships, Strategies, Tax Free Companies, The Sole Proprietor, Tricks of the Trade, UK Companies

Based on a survey conducted by the Employment Law Advisory Services (ELAS), about one in four small and medium sized business has had more staff taking sick leaves than it has taken action against. But almost 90 per cent of businesses have revealed that they would actually discipline their workers if they were legally confident in doing so. Armed with this information ELAS has released a computer program that will help employers stay within the bounds of the law. The software, a personnel package, will not only keep a record of a worker’s sick days but also alert ...

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Business cards subject of new research

Dec 26 2005

Posted by Gordon as Business Concepts, Business Enhancements, General Management, Limited Companies, Off Shore Companies, Partnerships, Sales and Marketing, Strategies, Tax Free Companies, The Sole Proprietor, Tricks of the Trade, UK Companies, Virtual Office

According to research done by Prof. Cary Cooper of Lancaster University Management School and commissioned by the Entwistle Group, most business owners choose bad designs that pay no attention to who they are trying to impress. Cooper said that business cards should be “the central part of a company’s marketing material. The Entwistle Group suggests that business owners should design their business cards with a specific set of potential clients in mind. Company formation and business solutions experts say that this is quite a new insight into the subject of business cards. They advice that ...

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DTI research debunks myths about small business (Part 2)

Dec 24 2005

Posted by Gordon as Business Concepts, Business Enhancements, Company Formation Tips, General Management, Limited Companies, Off Shore Companies, Partnerships, Tax Free Companies, The Sole Proprietor, UK Companies

In a previous blog entry the newly released research of the Department of Trade and Industry on business myths was discussed. The research, entitled Myths Surrounding Starting and Running a Business, debunked a number of myths about starting and operating a small business. Here are some more myths that the research debunked: * MYTH: It would take years to start a business from the ground. * FACT: Most businesses are usually formed within six months. * MYTH: The rejection for business loan applications is so much higher ...

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DTI research debunks myths about small business (Part 1)

Dec 24 2005

Posted by Gordon as Business Concepts, Business Enhancements, Company Formation Tips, General Management, Limited Companies, Off Shore Companies, Partnerships, Tax Free Companies, The Sole Proprietor, UK Companies

The gravity of the risk that is felt by people thinking of starting and operating their own business is vastly inflated, and this is stopping some people from actually taking the next step. This is based on new research by the Department of Trade and Industry, which found that a myth that is spreading among the public is that most small businesses fail within the first year. Actually, contrary to these beliefs, over 80 per cent of new businesses survive after the first year. This finding is released in the Myths Surrounding Starting ...

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Start-ups firms now have easier access to loans

Dec 06 2005

Posted by Gordon as Accounting and Finance, Business Enhancements, Company Formation Tips, General Management, Limited Companies, Off Shore Companies, Partnerships, Strategies, Tax Free Companies, The Sole Proprietor, Tricks of the Trade, UK Companies

Many start-up businesses will now have an easier time getting access to finance as changes to a government loan scheme has resulted in the expansion of the eligibility although the access to young businesses have been limited. Based on the new rules, applicants to the Department of Trade and Industry’s Small Firms Loan Guarantee may now qualify for a loan with an annual turnover of up to £5.6m.

But the new rules will also limit the funding to businesses under five years old as a way of boosting the growth rate of start-up businesses and young firms. ...


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Women finding it hard to achieve work-life balance

Nov 30 2005

Posted by Gordon as Business Concepts, General Management, Limited Companies, Off Shore Companies, Partnerships, Tax Free Companies, The Sole Proprietor, UK Companies

Achieving a work-life balance between their careers and their family is getting harder for working women today compared to 30 years ago. This was the statement made by Jenny Watson, the newly appointed chair of the Equal Opportunities Commission (EOC). Following her appointment by the Department of Trade and Industry (DTI), Watson, citing a poll by the EOC, said that the results showed nearly two-thirds of men and women believe that it is harder for mothers today to maintain a work-life balance when they return to the workforce.

Company formation and business solutions experts are ...


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Naming a business – a few tips from experts

Nov 16 2005

Posted by Gordon as Business Concepts, Business Enhancements, Company Formation Tips, General Management, Off Shore Companies, Strategies, The Sole Proprietor, Tricks of the Trade, UK Companies

In an earlier post, we reported that most UK small businesses are no longer seeing the need to name their companies based on their family names. In the survey conducted by British Gas Business , 74 per cent of business owners now prefer more memorable names that are not related to any kind of family ties in forming their business . According to British Gas Business’ commercial director, Adrian Harvey said “Small businesses have to punch above their weight to compete against larger competitors with more established brands. A company’s name plays an important role in ...

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