Nicola McKenzie, co-founder of a successful business, discusses the key components of a sound business plan, the importance of goals and strategy, and common business plan mistakes to avoid. She highlights the significance of utilizing an AI-enabled business plan platform like Venture Planner for market research and financial projections to streamline the business planning process.

What does the future hold for small businesses in the UK in the next five to ten years? Which businesses are most likely to survive and succeed? How will customer wants and needs change and how might small businesses market their products and services to them? Will online sales continue to grow and is that likely to bring about the demise of the high street? What about managing, and, could AI actually be a good thing for small-business owners? Applied futurist, speaker, writer and consultant Tom Cheesewright, explains how the small-business world is likely to change in the next five to ten years. Show notes for the episode can be found on the Start Your Own Business podcast website. Find more help and advice on starting a business at Start Up Donut.This episode is brought to you thanks to the support of Mediahawk. Mediahawk is a leading call-tracking and marketing analytics solution. Their software helps businesses big and small to quickly and easily pinpoint their most profitable marketing activities, cut wasted spend and drive more leads and sales. Founded in 2002, Mediahawk pioneered call-tracking technology, and have remained at the forefront of the industry ever since.

Many new small independent retailers buy their stock wholesale, often from small suppliers, makers and craft businesses. It can really set you apart by providing you with high quality, exclusive stock that’s superior to the mass-produced options sold by others. But where do you find such suppliers and how do you negotiate good deals? Consultant and wholesale and retail expert Therese Oertenblad answers these key questions, while also providing tips for micro makers that want to sell their wares to small retail businesses.    Show notes for the episode can be found on the Start Your Own Business podcast website. Find more help and advice on starting a business at Start Up Donut.This episode is brought to you thanks to the support of Faire. Faire is a global marketplace for local retailers to discover the best emerging and established brands to stock their stores risk-free. Faire enables independent retailers to grow their business with the advantages of big players and empowers makers to seamlessly build and run their wholesale business. Faire was founded in 2017 and is powered by the idea that the future is local.

Journalist Mark Williams, a start-up and small-business content expert, shares key tasks for starting a business, including entrepreneurial motivations, market research tips, financial caution, brand building, and essential advice for aspiring entrepreneurs.

While some businesses grow steadily over many years, others achieve significant growth in a far shorter time and are started with that key aim. This episode looks at what types of start-ups are most scalable and in which sectors they’re usually to be found. The guest expert is Guy Rigby – AKA The Entrepreneurs’ Adviser – SME mentor and author. He explains how to start a scale-up and how to overcome key scale-up challenges.Visit Start Up Donut and sign up to the Donut newsletter for more free start-up news, advice and special offers to help you save time and money.This series is brought to you thanks to the support of Dell Technologies. Our partnership with Dell means you get top products at special prices and a personalised consultation from a dedicated tech adviser who will get to know the goals of your business. Find out more by emailing the Dell for Startup UK representative at UKSTARTUP@Dell.com

Email marketing can be a highly cost-effective way to attract and retain customers, but your email marketing strategy and content have to be right if you are to get the open rates and click-throughs that lead to sales. Email marketing expert Laura Hanlon of Birmingham-based agency Pink Leopard reveals the secrets of building good email marketing lists, sending marketing emails in the right volume at the right time, getting your content and subject lines spot-on and the all-important business of measuring your success so you can improve your results.Visit Start Up Donut and sign up to the Donut newsletter for more free start-up news, advice and special offers to help you save time and money.This series is brought to you thanks to the support of Dell Technologies. Our partnership with Dell means you get top products at special prices and a personalised consultation from a dedicated tech adviser who will get to know the goals of your business. Find out more by emailing the Dell for Startup UK representative at UKSTARTUP@Dell.com

In 2019, tired of their daily commutes and living for weekends, Charlie Low, then head of analytics for an adventure travel company, and design consultancy engineer Dale Comely decided to leave the nine-to-five behind by converting an old DHL delivery van into an off-grid mobile home, so they could live a simpler life and travel around Europe. They wrote a best-selling guide to converting vans into campervans, and launched their award-winning business, Nohma (at the time of recording called Climbingvan), which helps others with their campervan builds and provides an off-grid electrical system design service. So, what key start-up lessons did they learn and how do they run a business from their van while traveling around Europe?Visit Start Up Donut and sign up to the Donut newsletter for more free start-up news, advice and special offers to help you save time and money.This series is brought to you thanks to the support of Dell Technologies. Our partnership with Dell means you get top products at special prices and a personalised consultation from a dedicated tech adviser who will get to know the goals of your business. Find out more by emailing the Dell for Startup UK representative at UKSTARTUP@Dell.com

Running a small business can leave you feeling isolated and lonely at times. Often you have no one to share your thoughts and feelings with. That’s when reaching out to other small-business owners can really help. Great value can be gained from seeking their independent opinions (and giving them yours). Many formal peer networking options are available, but even just occasionally meeting up for a coffee or something stronger with other business owners can be mutually beneficial. In this episode, award-winning business coach, mentor, adviser and peer board facilitator Jonathan O’Shea explains the business and personal benefits of seeking peer group support.Visit Start Up Donut and sign up to the Donut newsletter for more free start-up news, advice and special offers to help you save time and money.This series is brought to you thanks to the support of Dell Technologies. Our partnership with Dell means you get top products at special prices and a personalised consultation from a dedicated tech adviser who will get to know the goals of your business. Find out more by emailing the Dell for Startup UK representative at UKSTARTUP@Dell.com

There are more than 5m family businesses in the UK. They employ 14.2m people and generate a quarter of UK GDP. Many people who start a business do so with a family member, whether their spouse, partner, sibling, son or daughter or other relation. And although there can be many pros to going into business with family – there can be cons. So, what’s the key to getting it right so that the business is successful and family relationships are safeguarded? We ask Fiona Graham of the Institute of Family Business, who provides tips that could also help you if you’re thinking of going into business with a colleague or friend.Visit Start Up Donut and sign up to the Donut newsletter for more free start-up news, advice and special offers to help you save time and money.This series is brought to you thanks to the support of Dell Technologies. Our partnership with Dell means you get top products at special prices and a personalised consultation from a dedicated tech adviser who will get to know the goals of your business. Find out more by emailing the Dell for Startup UK representative at UKSTARTUP@Dell.com

Matt Mahatme and Jordan Palmer were bartenders who spotted a gap in the market for mixers that combined big flavours with less sugar, fewer calories and nothing artificial. “We wanted to create a brand with a bit of an edge, with a contemporary feel, that looked as good as it tasted,” recalls Matt. Since launch in 2018, helped by a successful crowdfunding campaign, Lixir Drinks has grown into an award-winning mixer brand that’s proved highly popular in the UK and internationally. So, what key start-up lessons did they learn and what’s the recipe for their success?Visit Start Up Donut and sign up to the Donut newsletter for more free start-up news, advice and special offers to help you save time and money.This series is brought to you thanks to the support of Dell Technologies. Our partnership with Dell means you get top products at special prices and a personalised consultation from a dedicated tech adviser who will get to know the goals of your business. Find out more by emailing the Dell for Startup UK representative at UKSTARTUP@Dell.com