Go virtual – how a virtual office can support the success of your UK business

International expansion is the goal of many businesses and while launching your business in a new marketplace is very exciting, it’s critical that you spend your time doing the things that bring value to your business. For companies, and startups in particular, the most important resources you have to play with for the new market launch is time and money. A virtual office solution is one of the many ways in which you can reduce your costs, and save yourself time, so you can’t afford NOT to consider it when you are starting a UK business.

What is a virtual office?

A virtual office is a cost-effective solution for creating a UK presence without renting a physical office space and employing office staff. It provides all the benefits of your own office space, but for a fraction of the cost. You might disregard these tasks as trivial, but they really can eat your time and be a distraction from the activities you should be focusing on to grow your business.

Virtual office solutions can cover a range of different services. Some of the most common virtual office services include:

  • Telephone answering
  • Post handling
  • Customer support
  • Meeting room hire

How can a virtual office support the success of you UK business?

A virtual office brings several benefits and could increase the chances of your success in the UK market. Here are some of the main reasons our clients choose to use a virtual office solution to ensure their UK business thrives.

Focus on your core strength

A virtual office gives small businesses that are entering the UK market access to the support functions needed to run the business operations without having to employ someone to do it. When you establish in a new market and only have a few employees you need them to add direct value, at all times, and contribute to growing the business. A virtual office is a great solution to maximise your resources before the business warrants creating a permanent job for tasks like answering the phone and other administrative tasks.

Flexibility

Finding the perfect office takes time, especially in London where office rents are exceptionally high. Jump too soon and you might find yourself caught up with an expensive lease that is not fit for your longer-term growth plan. And even if the goal is of course a successful UK expansion, unforeseen situations can occur that might result in that you want to exit the market.

It’s just simply not worth risking the cost and investment for an office when you just start out in a market, as your key to a successful market launch is flexibility. A virtual office gives you just that – flexibility, while at the same time offering all the benefits and processes needed to give you a head start on the UK market.

A good impression

But a virtual office also offers another very important advantage for companies operating in UK– it gives the impression of an established and more serious presence in the UK. Business is all about relationships and a UK phone number and address gives you credibility as a business as it shows commitment to the market.

A UK presence sends an important message to potential clients and suppliers. Just think for yourself –would you rather do business with a company that is in the same country, or someone who is elsewhere in the world (and likely a different time zone).

So is a Virtual Office only for companies launching on the UK market?

Not necessarily! Businesses of any size and at any stage of growth can reap the benefits from using a virtual office solution. It all depends on your business’ needs and what services you require. Virtual office services provide the flexibility to grow with your business while always maintaining a high level of professionalism, so it’s an excellent solution also for scaling businesses. By outsourcing your non-core business activities, you give yourself more time to focus on growing your business, regardless if you are just starting out or if you are more established on the UK market.

So as you can see, a virtual office solution gives you both a better chance at impressing potential clients, as well as more time and money on your hands. If you are just starting up in the UK and want your UK business to get a head start without involving too much risk and capital, or if you are a more established business that want to streamline your operations and maximise resources, then a virtual office is definitely something you should consider.

Goodwille’s Virtual Office service, available in both London & Warwick, provides you with a selection of services to suit your needs at any stage of your business’ growth. Read more about our Virtual Office services here or contact our Front of House Manager Evy Rune to find out how we can help create a UK presence for your business.

We’re Recruiting – Corporate Legal Controller

Goodwille provide essential business services to overseas companies looking to enter, grow or scale in the UK. These services include Corporate Legal, Finance, Human Resources, Payroll & Virtual Offices.

We are currently looking for an experienced Corporate Legal Controller to join our Corporate Legal team in London. As a Corporate Legal Controller at Goodwille, you will manage your own portfolio of clients and work closely with the Head of Department to deliver new/existing services and grow the business.

Key responsibilities include

  1. Legal
    • Provide point of reference for initial legal advice of clients
    • Provide corporate legal service offering, including;
      • Drafting corporate agreements
      • Share option schemes registration
      • Corporate restructure support
    • Liaise with and further develop relationships with Professional Support Partners
    • Staying updated on legal developments and changes to UK laws and regulations and assist with the development of CoSec bulletin on legal developments
  2. Compliance
    • Performance of Company Secretarial role (incorporations and statutory filings, HMRC registrations)
    • Work with the KYC/compliance team and optimising existing processes
    • Provide point of reference for compliance team and oversee day-to-day work
    • Ensuring application of best practices as required by client profiles
  3. Management
    • Assist the head of department in managing the CoSec team’s daily processes and long-term development
    • Mentoring and coaching members of department
    • Possibility to drive clients’ legal business development
    • Project development in accordance with legal requirements and market sentiments
  4. New Client Acquisition
    • Taking an active part in winning new business, and developing existing relationships
    • Represent the department and company at networking events

To succeed in this role, you should be educated to degree level, preferably in a legal or business discipline with further Company Secretary qualifications (e.g. ICSA, MSC Corporate Governance). We believe that you have experience of working in an international environment and coaching/supervising team member. Experience of client relationship management and technical company secretarial know-how, as well as experience working with company secretarial software (preferably Blueprint OneWorld) is essential. While fluency in English is a must, being able to speak an additional (Nordic) would be an advantage.

We are a strong and diverse team, so being sociable and engaging is important as we put a lot of emphasis on team and company culture. This is a client-facing role, so being communicative with a high level of cultural awareness and the ability to build and develop new and existing relationships with clients and partners is highly valued.

In joining us, you will become part of a modern and inclusive organisation, capable of offering a stimulating environment where you will be working with a diverse range of client companies and given the opportunity to develop the team and department which you will be part of.

This is your chance to join #TeamGoodwille – check us out on Instagram. When you join Goodwille you get access to a whole range of employee benefits, all designed to ensure an enjoyable work/life balance. Some benefits for all employees include:

  • Office fruit every week
  • Employee perks, rewards & benefits including discounts on supermarkets (Sainsbury’s, Tesco etc.), high street stores (Topshop, John Lewis etc.) & gyms
  • Office massages twice yearly
  • Complimentary phone insurance, as we know how important it is to stay connected
  • Access to the well-being & lifestyle platform, including eating advice, exercise routines and yoga videos
  • Generous social budget for team lunches, parties and for you to hang out with colleagues

Job type: Permanent, full time
Location: Kensington, West London
Salary: Depending on experience/skill set

If you like the sound of this vacancy and all the features and benefits you get by being part of a team like Goodwille, then please contact vidou.motee@goodwille.com.
www.goodwille.com

3 key questions: outsourcing vs. in-house

The question of whether to outsource or keep tasks in-house is something the vast majority of businesses face today. In most cases, businesses find there are many benefits that come from outsourcing certain jobs. However, it is all about knowing when it’s best to outsource and when it’s better to keep things in-house. This comes down to the three C’s, which are cost, competency, and capacity. By considering these three key factors, you should be able to determine whether to outsource a specific task or keep it in-house.

Cost

This is undoubtedly one of the key factors that needs to be considered; however, it is something that is often miscalculated. This is because most business owners tend to simply look at the initial outlay when it comes to outsourcing, and assume that it is way too expensive. It is important to look at the costs over an extended period of time – for example, over the course of a year, as this will give you a true reflection. The initial expense may be higher when it comes to outsourcing, but when you keep things in-house you have on-going salaries and the related expenses to contend with on a monthly basis. Also, by outsourcing you only pay for what you actually need for services needed on a temporary basis only. For permanent tasks, the in-house approach could be much more cost efficient.

Competency

Competency is the ability to do something efficiently or successfully. If you don’t have this ability at your business, it would be better to look elsewhere. Accountancy and IT support often fall under this banner. Unless you operate an IT business, you are not going to have the experience required to support your own software. This could mean extensive downtime, which could lead to lost customers and be detrimental to your reputation. Managed IT services for businesses mean that you can have the peace of mind that your IT systems are supported efficiently and ticking along nicely in the background, enabling you to focus on the core of your business, i.e. what you do best. However, if you have the competency to handle a task in-house, there is no reason to shift the responsibility elsewhere.

Capacity

Do you have the resources required to carry out the task in question in-house? Or are you going to stretch your business too far by attempting to handle this project? If you don’t have the capacity, you need to get help. This is especially important for small businesses and startups, as entrepreneurs tend to like handling everything themselves. However, it is simply not feasible when you consider the variety of tasks businesses need to handle that aren’t directly related to the core skills of their firm.

Hopefully, you now have a better understanding regarding the three C’s that should be considered when you are deciding whether to outsource a certain task or keep it in-house. By carefully assessing the cost, your competency, and your firm’s capacity, the decision should be a lot easier.

At Goodwille we think that businesses should stay focused on their core and what they do best. That’s why we offer advice and practical support on the activities needed to run your UK business but that might not be at the core of what you do. Get in touch with us today to find out how letting us take care of your non-core activities can help you stay focused and grow your business!

Avoid these three common tech startup mistakes

As you try to set up a UK company, you’re going to want to do everything you can to make sure you avoid falling into the same traps that so many other new businesses make. Statistics vary, but it’s a commonly known fact that starting a new business is a risky thing to do.

With that in mind, you want to make sure that you’re able to learn from the mistakes that in certain cases have cost others their businesses. These are three highly common, yet often fatal, mistakes that are made.

Failure to specialise

What exactly does your business do? Is it IT support, computer networking or video production? If that’s not a question you can answer quickly and concisely then you have some work to do. The marketplace is crowded and customer attention is precious, so you need to make sure you have a concise offer to attract potential clients.

It’s easy to fall into the trap of thinking that if you offer more general services you’ll appeal to more customers, but the truth is that if you want to avoid your business collapsing in on itself you need to offer a specialised service and be seen to know exactly what you’re doing. Find the one thing or the one area where your product or service outperforms all competition – that’s where there’s room and opportunity for you to succeed!

Financial mismanagement

From day one you’re going to need to keep a very close eye on your business financial records to ensure you’re always aware of how healthy your finances are. You don’t need to be an accountancy prodigy, but you do need to pay close attention.

If this isn’t something you can do, then it’s really worth the investment to outsource it to a specialist who will be able to provide you with accurate reports and advice, allowing you to make informed business decisions.

As an entrepreneur, you might we used to do things yourself and outsourcing may not appeal to you but the truth is that outsourcing all tasks that are not within your business’s core will free up more of your time to do what is valuable to the business and your customers.

Employee retention

Building a successful startup will take blood, sweat, tear, time and devotion and it’s nothing you can or want to do on your own. You need a team that work together, that share the same vision and dream of creating a successful business. The recruitment process to find your team can be a costly one, both in terms of time and resources, so when you make the decision to hire someone you need to ensure that you’re going to be able to make a return on the investment you make in them.

If you fail to provide opportunities for employee engagement and progression, you could end up with a “revolving door” policy, which will make finding the right people difficult. Make sure you offer your teammates a good remuneration package, room to grow and that you engage everyone in the success.

Goodwille work to support startup and business getting started in the UK with all non-core support functions you need to succeed on the UK market, so you can focus on your core business and creating value to your clients and employees. We can help you with corporate legal issues and ensuring legal compliance, everything finance-related, HR and people management including payroll and also a virtual office service for your UK base. Get in touch with us today for more information on how we can help your startup succeed.

How to find the best employees

If you’re planning to set up a UK company, then hiring the right employees will be an essential part of your role. However, this can be a tricky process if you’re not experienced in doing it. Here’s our guide to some of the steps you can take to find ideal employees every single time.

Make sure you know exactly what you’re looking for

Almost every company will have hard skills in their head when they want to hire someone new. They’ll know which language they want their developers experienced in, or what sort of clients they’d like their account managers to be confident handling.

This is great, but it’s worth bearing in mind what ‘extra’ skills you’d like your ideal employee to have. Do you want your copywriters to be comfortable presenting to clients? Do you want your developers to be alright handling troubleshooting phone calls? What about travelling between offices?

It’s all very well getting the hard skills in place, but the soft skills can make more of a difference than you think, so know what you want from them, too.

Don’t be afraid to build relationships with candidates

Let’s say that you’ve hired one person over another, but in an ideal world you’d have liked both of them on your team. Well, make the effort to keep in touch with the candidates you’d like to hire in future. Even if it’s just having them on your LinkedIn, it makes a difference to keep your company in their minds.

If you do this, you’ll then be able to get hold of them easily and ask them to apply for a suitable role when one comes up. Don’t let the best candidates slip through your fingers.

Focus on what people have done, not what they say

Some candidates interview well but are mostly talk rather than performance. Always ask them to demonstrate specific situations where they’ve used the skills you’re looking for.

So, if they’ve claimed to be a problem solver, ask them to talk about problems they’ve solved. If they’ve said they’re pro-active, ask them to specifically demonstrate what they’ve done off their own back to improve themselves. The more specific the examples they can give, the better. If a candidate isn’t able to give specific examples, the chances are they’re less qualified than they say.

If you’re about to open a UK office and are looking to recruit people, contact us at Goodwille for HR advice and help. We help companies with everything related to employing people in the UK – from employment contracts, to pensions, employee benefits and questions and issues regarding employment law, and we can also assist in your recruitment process. Read more about our HR service offering here.

How a telephone answering service could benefit your business this summer

In order for a new small business in the United Kingdom to remain profitable, it’s important that customers receive good service all year round, including during the school summer holiday period. Sometimes, co-ordinating your own summer break with that of your employees and maintaining good customer service at the same time can be challenging.

However, a good telephone answering service could be the answer to your dilemma. Here are a few of the benefits of a telephone answering service that your business could enjoy this summer.

Lower overheads

Although big corporations may have the luxury of in-house customer service staff to pick up the slack when it comes to holiday cover, smaller companies often rely on paying their employees overtime or employing temps in order to cover staff shortages.

However, a competitively priced live answering service could help you to cut the cost of paying for temps or forking out on overtime.

Customer satisfaction

One of the main complaints of customers is unanswered phone calls. Unanswered phone calls lead to frustration, client dissatisfaction and negative feedback or reviews that can quickly ruin your company’s reputation.

A good telephone answering service will be able to respond to customer enquiries 24/7, giving you peace of mind whilst you enjoy your summer break.

Company image

A telephone answering service will provide a tailored response based on your own scripts. Callers, therefore, receive the impression that their calls are being handled by an in-house employee, making your business appear larger and thus boosting your business’ credibility.

Happy holidays

Managing a small business is often stressful, and it’s important that you take time out to enjoy some downtime with your family during the summer school break. A telephone answering service means that you won’t have your break constantly interrupted by your company mobile phone.

You can keep your company growing, ensure your customers’ satisfaction and give your staff the relaxing summer break they deserve by hiring telephone answering service. To find out more about how a live telephone answering service could benefit your business this summer, contact us at Goodwille today.

Managing HR in the UK market

HR is an important concern for new start-up businesses and existing companies. How you manage your staff will have a significant impact on the success of your business, so it’s vital you get it right.

Although English employment law offers protection to both employers and employees, it can be complicated. Due to the complexity of the law, it’s always advisable to seek expert help when you’re hiring and managing staff.

Launching in the UK

With many companies eager to open a United Kingdom office, there is high demand for professional services. If you want to set up a UK company, there are lots to consider. While you may be operating successfully in an overseas territory, your existing framework may not be completely compatible with English employment law.

In addition to this, there are cultural and practical issues which may affect the way you do business. When transporting your company to the UK, it’s vital to recognise how these differences will affect your day-to-day operations.

By working with a network of international advisers, you can ensure that your business operations flourish across multiple jurisdictions. As well as helping you to meet your legal obligations under English law, people management specialists can assist you in a variety of other areas.

Outsourcing your HR

Depending on your company’s existing structure, you may require support from a full-scale HR department. Rather than attempting to hire numerous staff, why not outsource your needs to existing HR specialists?

As well as having an in-depth knowledge of English employment law, Goodwille HR specialists have a wealth of experience when it comes to moving business operations from one country to another. In addition to providing on-going HR support, you can gain access to independent advice regarding employee benefits.

If you’re expanding your business from overseas, you may be keen to offer secondments to existing staff once your UK office is up and running. If so, our people management advisers can ensure that the appropriate contracts are in place and that your employees are fully supported during their move.

Whether you need full HR support or just ad hoc advice, we can help. Read more about Goodwille’s HR service offering here, or contact us today to find out more about starting up in the UK.

Expanding into the UK – all you need to know when starting a business in the UK

The UK is ranked one of the best locations for businesses looking to expand internationally. Starting a business in the UK can be challenging, but with the right set of tools and knowledge it’s a great place for business opportunities. The global environment, ease of doing business and strong market potential are of particular interest for overseas companies starting up in the UK.

When setting up a company in the UK, there are a number of registration requirements, regulations and obligations that need to be taken into account. This article highlights the most important things to consider when expanding your business into the UK.

Legal structures for market entry

When setting up in the UK, there are several legal structures to choose from. The company structure most suitable to you will depend on your type of business, where you are based and whether you have employees on board or not. Below are some of the most common legal structures in the UK;

  • Limited company
  • Branch office
  • Limited liability partnership (LLP)
  • Sole trader
  • Partnership

Limited company (LTD) is the most common form of business entity in the UK. A LTD company is a separate legal entity, owned by shareholders and managed by directors. The profits of a limited company are liable for UK corporation tax. Setting up an LTD company in the UK is a well-recognised structure that is quick and cost-effective to complete. With share capital starting at just £1, and with the risk contained within the subsidiary company, this is often the preferred route for international businesses expanding into Great Britain.

An international company may consider registering a branch office in the UK, rather than a LTD company. A branch office is not a separate legal entity from the head office company and full responsibility for the operations, debts and liabilities of the UK branch lie on the overseas parent company.

To find out more about the best option for you when expanding to the UK, please don’t hesitate to get in touch with Goodwille’s Legal Department. 

Set-up and registration

A company can typically be registered with Companies House in 48 hours once all documents are completed. A UK company must register for corporation tax with HMRC, within three months of starting to trade. The paperwork for registration is not too extensive, however, certain statutory documents will be required.

Bank account

In order to make any transactions, you’ll need to open a UK bank account for your business. Opening a bank account is a time-consuming process as you will need to go through a money laundering process to ensure your company is credible for a corporate bank account. Therefore, prepare to have time and patience for this stage, it can easily take up to six months or more to complete.

Check if your bank in the company’s home country has any operations in the UK. In some cases, this might speed up the process, as it may prove some creditworthiness for the business.

Regulations

The regulatory system in the UK is open and transparent, making it easy to do business. In general, the UK aims to minimise bureaucracy and deregulate marketplaces in order to allow companies to develop and expand. However, there are strict regulations e.g. with regards to employment, industrial emissions, pollution monitoring and control, and waste disposal. Make sure you are aware of the regulations that directly or indirectly affect your business!

All businesses operating in the UK are subject to UK law, and every company registered in the UK must have a registered address in the UK. By law, all UK companies must file their annual accounts with Companies House within nine months of the end of an accounting period. Additionally, a confirmation statement must be filed with Companies House every 12 months (within 28 days of the anniversary of incorporation).

To get all the details in order and prepare for the regulatory areas, you should look for specialist advice. Contact Goodwille’s Corporate Legal Department today if you have any questions regarding regulations or your business’ obligations in the UK.

Tax

Foreign businesses looking at overseas business opportunities in the UK will find a competitive and business-friendly tax regime. Companies need to consider their exposure to UK taxation, including corporate income tax, value-added tax (VAT) and employment taxes.

Companies may become subject to UK taxation in a number of ways, such as

  • Establishing a formal taxable presence in the UK, such as a branch or Ltd company, and making a profit.
  • Registering a company for VAT in the UK. Companies must be registered for VAT if their taxable turnover for any 12 months period is £85,000 or over. The current standard VAT rate in the UK is 20%.

It’s important to remember that an international business operating in the UK do not necessarily create a taxable presence in the UK. In order to be subject to UK corporation income taxation, an overseas business needs to be trading in the UK through a permanent establishment. To find out more about when you may need to register an entity in the UK, please contact us.

Employment

When employing people in the UK, you need to be aware of several regulations within UK employment law. To start with, make sure your employees have the right to work in the UK (that they hold a valid UK/EU passport or work permit/visa) and a NIN (National Insurance Number) for the deduction of taxes. Also, remember to follow the guidelines for UK employment contracts and provide these within 8 weeks of starting the employment.

In addition, you need to register you employees into a PAYE scheme (Pay-As-You-Earn: social costs of employment including income tax and National Insurance) and organise relevant company insurances. Every employer in the UK must also enrol their employees into the workplace’s pension scheme within three months after the start of the employment.

In terms of the remuneration, you must ensure the employees are paid at least the National Minimum Wage in the UK. As the recruitment market in the UK is highly competitive, also make sure your remuneration package is attractive enough and fits into the scope of the role.

If you are recruiting in the UK, you may want to turn to specialists who can help you with all the employer regulations and responsibilities you need to consider in the UK. Goodwille’s HR Department deals with these issues daily and are happy to help if you have any questions regarding UK employment.

To conclude

The UK market provides great opportunities for expanding your business, however starting up a business in the UK is a challenging process full of regulations. In order to get the set-up processes and ongoing compliance right, it’s good to turn to professionals who are able to provide you with advice and all the necessary help you need to get your business operations up and running correctly from the start.

If you are a foreign-owned business looking to expand into the UK, either through setting up a UK subsidiary or employing staff in the UK, Goodwille can help you to get the inside track. We have helped businesses expand into the UK for 20 years, and are experienced in Corporate Legal, Finance, HR and Payroll services in the UK. With a track record of supporting almost 2,000 businesses, we have extensive experience to help you grow your business. Get in touch with us today, if you are planning to expand to the UK or have any questions regarding the UK market.


Useful contacts for your business

When expanding your business to the UK, there are many organisations you may find useful.

Networking-wise, it’s good to get know your local chamber of commerce and see if their network is worth accessing. For example, Finnish-British Chamber of Commerce and Swedish Chamber of Commerce provide good opportunities for professional networking.

Also, when developing your strategy for the new market, Department of International Trade (DIT) provides free advisory and supports companies with their UK strategy and planning.

LAUNCH IN LONDON | Speaker introduction: Alexander Goodwille – Goodwille

London is a great place to be for tech businesses – it has access to great pool of talent, capital and investors, it boosts a large tech community and it’s perfectly located in the middle of time zones. With all these possibilities available – how can businesses and entrepreneurs utilise these to the best extent possible, and what else is needed to succeed?

On 14 June, Goodwille are hosting the event Launch in London as part of London Tech Week. The event targets startups, tech businesses and entrepreneurs with aspirations to launch in London, and will provide insights and expert advice on everything you need to succeed with your tech business in London.

One of the speakers at the event is our very own CEO Alexander Goodwille. If you read our blog on a regular basis, you might already be familiar with Alexander and what we do at Goodwille, but reading the introduction below we’re sure you’ll learn something new about Alexander, the Goodwille family business and why we are hosting Launch in London during London Tech Week!

During Launch in London, Alexander will speak about:

With over twenty years (twenty one to be exact!) experience helping companies expand in the UK, Goodwille have seen many businesses succeed, and also some businesses struggle with their UK operations. Alexander will share his best tips, and the pitfalls to avoid when starting up your business in London. He will provide common mistakes that he has seen over the years and give examples of unpleasant situations you might end up in if you haven’t done your homework!

About Goodwille and why we host Launch in London during London Tech Week 2018

Goodwille help businesses succeed with their UK operation. Founded by Swedish business woman Annika Åman-Goodwille, Goodwille take care of the administration and practical issues associated with running a business in the UK, so businesses can focus on clients and growing their business! Covering five integrated department, including Corporate Legal and Compliance, Finance, People Management and HR, Payroll, and Virtual Office and Meeting Rooms, we provide a solid foundation for you to grow your business.

At Goodwille, we think that startups and entrepreneurs should focus their efforts on value creation instead of admin and trying to learn the systems and requirements to run a UK business, and Tech is one of the most represented industries in our client-base. We want to provide startups, entrepreneurs and tech businesses with not only the administrative support they need to succeed in the UK, but also to give them valuable advice on how to interact with British clients and colleagues, how to make a name of yourself on London’s big tech scene, and also where and how to look for help to maximise your potential. We hope that Launch in London will provide just this to growing businesses, British or foreign, that wish to conquer London in 2018.

About Alexander

Alexander is the Computer Engineer that after 10 years in Investment Banking in March 2017 stepped up as CEO for the family business that his mother had founded 20 years earlier. He has a deep passion for all things tech and entrepreneurial, and he loves seeing people grow and succeed. Growing up in the UK with a Swedish mother and Scottish father and having seen the Goodwille business grow from the first client to nearly 2,000 companies helped to date, he has seen and experienced several culture clashes between cultures that are seemingly similar, but maybe more importantly – he has seen many foreign companies succeed in the UK.

LAUNCH IN LONDON – EVENTS DETAILS

Date: Thursday 14 June 2018
Time: 10am-1pm
Location: Level39, One Canada Square, Canary Wharf, London E14 5AB
Tickets: This event is fully booked, email hello@goodwille.com to be put on the waiting list

Do’s and Don’ts when starting up a business in the UK

Goodwille support foreign businesses with expert knowledge on how to run their UK operations. Launching a new business in the UK require an understanding of the market, the people and the business environment, and we have many partners in our network that offer complimentary services to us that can support your market entry. One of these partners are Rochester PR, a PR agency specialised in market entry PR.

Earlier in 2018, Rochester PR released the book ‘Are you ready for business in the UK?’ which is a collection of advice, thoughts, comments and observations from firms operating in London on how to enjoy and make the most of setting up a business in the UK, and especially in London.

Having over 20 years of experience supporting and advising foreign businesses in the UK, Goodwille were asked to contribute to the book with our best advice on how to succeed on the UK market. These are our CEO Alexander Goodwille’s Do’s and Don’ts when starting up a business in the UK:

Do

  • Take specialist advice, don’t just wing it! Things can get difficult and expensive if you get it wrong.
  • Research your competition. It’s a competitive market.
  • Network! Tap into everywhere you can get help – nothing work better than a personal introduction.

Don’t

  • Don’t make assumptions! What works at home may not work in the UK.
  • Don’t rush. Plan and budget – but if it’s new technology you need to be first to market.
  • Don’t underestimate how important it is to get agreements right, especially employee and supplier contracts.

So… Are you ready for business in the UK? Goodwille has over 20 years experience helping foreign businesses establish in the UK. We can help making your transition into the UK market smooth and efficient and make sure you’re equipped with the advice you need to succeed with your business. Get in touch with us today to find out how we can support you.

Do you want a copy of the full book ‘Are you ready for business in the UK’?
Send an email to hello@goodwille.com and we’ll sort it!