Rodolfo Basilio No Comments

Are you busy? You should close your office door

Are you busy? You should close your office door

I’ve always wanted to write about this business issue. Over the last 10 years, I’ve suffered from busyness, especially as my business has grown and more and more colleagues have joined our team. In my 20s, I read a lot of business books which taught that to build a successful business, you had to find a way to always keep your door open to whoever comes to talk to you – no matter who they are and no matter what they want. Read more

Rodolfo Basilio No Comments

How can you know when you need to stop being persistent and give up your business?

In the last 10 years, I have been asked the question “Should I still persist in my business?” a couple of thousand times. Having participated directly in the startup of many businesses, both in the UK and overseas – and indirectly, in another hundreds more around the world – my opinion is that there is no right or wrong answer to this question. The vast majority of business professionals who write about businesses prefer to talk about how to set up and grow a business rather than when to give up. Read more

Rodolfo Basilio No Comments

7 ways that playing draughts can make you a better businessperson

I learned how to play draughts when I was 7 years old and I’ve been fascinated with the game ever since. Draughts is a board game for two players. It involves diagonal moves of uniform game pieces and compulsory captures by jumping over opponent pieces. It is a strategic game – luck does not affect the way it is played.

The rules are simple: Players alternate turns. Each player moves their pieces diagonally to an adjacent, unoccupied square. If the adjacent squares contains an opponent piece and the square immediately beyond it is vacant, the piece may be captured and removed from the game by jumping over it. In most official rules, capturing is mandatory. A player without no pieces remaining, or who cannot make any legal moves, loses the game. If a piece makes it to the end of the board, it is promoted to a king, and can now move diagonally backwards, as well as forwards. As a player, you can win, lose or draw.
Read more

Rodolfo Basilio No Comments

What is VAT?

The basics of VAT

Value Added Tax (VAT) is a widely used term in the business world, but a few people understand how it works or where it is applicable. In simple terms, VAT is a consumption tax levied on the sales of products or services. It is termed as an indirect tax since businesses collect it on behalf of the government. Since its inception in 1973, VAT rates have changed over the years. Fair to say it’s either gone higher or lower depending on governments priorities, laws and changes in the economy.

As a business owner, you need to include VAT in the price of your goods or services, keep proper VAT records and pay the collected VAT to HMRC. The prices marked on items in-stores are VAT inclusive. However, some goods and services for instance dental services are exempted from VAT, while other activities are outside the VAT scope, e.g. hobbies. If you live outside the UK or you are a visitor in the UK, you may get a reimbursement of VAT paid on goods and services.

Read more

Rodolfo Basilio No Comments

HOW LONG DOES IT TAKE TO START UP YOUR BUSINESS?

New entrepreneurs always ask me how long it will take them to start up their businesses. I usually ask them as many questions as I can in order to give a more accurate answer. During our first consultation, I often realise that entrepreneurs have not done enough research or initial study in the market to understand where their businesses will be heading to. The most important lesson you should know about starting up your own business is: Do your research and ask yourself as many questions as you can before you invest a penny.

Read more