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Podcasts

The franchise formula: how one founder turned a small idea into national growth

The video features a discussion on the benefits of franchising for small business owners. The speaker highlights that franchising provides a quicker route to success, as franchisees can leverage the knowledge and experience of the franchisor from day one. This includes access to established processes, structures, training, and ongoing mentorship, which helps to avoid common mistakes and reduces risk. However, the speaker also acknowledges that franchising has had a reputation issue due to past i...

benefits of franchising

small business owners

quicker route to success

established processes

training

ongoing mentorship

Selling assets from a self-employed business - IPSE

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Whether you’re planning to offload an old computer to free up some money and space, or considering closing your business, selling assets from a self-employed business will have implications for your tax returns.

Business assets can be tangible (physical items such as equipment and property), or intangible (intellectual property, for example). They might also be classed as current, referring to those which will be turned into cash within 12 months such as inventory, and non-current which will continue to provide value for more than one year.

To be classed as a business asset, it needs to be something which was bought exclusively or primarily for work use. Or that you have created as a result of your business.

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