A partnership within a family group, ie husband and wife, is the most common one found in smallholding. This can work well as with complementary talents there is greater scope for maximising profits. As the money generated from this type of partnership goes into one household there is often no formal legal partnership agreement drawn [...]
What you should do is simple – take it. If you are unsure about running a small business, there are courses available. The same is true for bookkeeping which can save a lot of money later on. If you are unsure about the best way to organise your business, ie sole trader, partnership or limited [...]
Having identified the projects between which your money is to be divided, you must set targets for these projects. Initially these will probably be time scales for setting up and general organisation, but financial targets must also be set. You should aim for a given payback period and then strive to meet that target. You [...]
Whatever you decide to do you must ensure that the money invested is earning at a realistic rate. It is senseless to invest large sums of money in a project, then work hard at it both physically and mentally, only to obtain an income similar to that obtainable by investing the money in building society. [...]
Figures obtained by previous experience with local educational establishment and also professional author.
No initial outlay as word processor already bought.
No problems are envisaged in letting the caravan as previous owners always had full bookings. Although parts of this now make us cringe it is easy to be critical with the knowledge of hindsight and extra [...]