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How to create a marketing plan for your small business - build a brand, target customers and set prices that will maximise sales.

The internet has transformed business marketing. No matter what you do, the internet is likely to be at the heart of your marketing strategy.

Social media is firmly established as a marketing tool. Having a presence opens up new lines of communication with existing and potential customers.

Advertising allows you to promote your business to potential and existing customers. There are many forms of advertising: direct mail, email marketing, online and print advertising, leaflets, outdoor advertising on billboards and buses or sponsorship.

Customer care is at the heart of all successful companies. It can help you develop customer loyalty and improve relationships with your customers.

Sales bring in the money that enables your business to survive and grow. Your sales strategy will be driven by your sales objectives.

Market research exists to guide your business decisions by giving you insight into your market, competitors, products, marketing and your customers.

PR can be especially cost-effective for small businesses. However, you also need to act quickly to manage any bad press. Discover how you can get media coverage online and via the local press.

News

January 2022

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24% say completing the self assessment tax return is the worst thing about being self employed and confusion reigns over what income should be included.

The Help to Grow: Digital scheme has opened for applications, providing small businesses with discounts of up to £5,000 on approved software as well as advice on digital skills.

The government has reintroduced the Statutory Sick Pay Rebate Scheme but new research suggests that businesses have already saved more than £300 million on sick pay because staff that work from home don't take as much time off.

New research by FreeAgent has found that 64% of Brits have plans to start their own business in the future - significantly up from the 51% who said the same in last year's poll.

A new poll of business owners has found that a greater focus on work-life balance and a rise in side hustles are key business trends for 2022; however, worries about inflation remain.

For the second year running, HMRC has announced an extension meaning anyone who cannot file their tax return by the 31 January 2022 deadline will not receive a late filing penalty.

HMRC has reminded self assessment customers to declare any COVID-19 grant payments, including SEISS, on their 2020/21 tax return.

A survey by the Federation of Small Businesses has found that almost one in ten UK firms say the late payment crisis is threatening their survival and it predicts that as many as 440,000 businesses could close their doors in the coming year.