Archive for the ‘Business’ Category

posted by admin on Dec 21

Create your own limited company with the help of the professionals.

Many of my friends and colleagues have ideas for their own companies - even if the world financial climate is tugging at a few purse-strings.

Anything from a simple cafe to an individual service provider and some even on-line. Well, I know from experience that there are a lot of hoops to jump through to really get started, and there is a lot of jargon and red tape to fight your way through. One tiny thing missed in the early stages could cost you a fortune to put right in the long run.

There are, of course, many different companies out there who can offer advice and assistance for simple company formations, and continue this over the first few years of your company, but I found one that offers to have you up and running with everything you need in ‘less than 4 hours’! So now - there is no reason for you to wait until you have the time to fill out all the forms and speak to all the relevant people while juggling your current job or career - just relax.

Highstone Company Formations Limited have been forming Limited Companies for individuals since 1996, and this decade of business has prepared them for the current downturn in the market. While some individuals are closing their companies, the benefits of limited companies come into their own - and professional help and support at this time could make all the difference.

For LTD company formations, you just need to follow their 7 simple steps - starting with choosing your company name, and protecting it for the lifetime of your company. With their helpful, prompt advice, and their online answers about company formation and explaining the relevant technical jargon - they are worth investigating if you are serious about taking that first step.

The company can also offer additional services should you require them with UK company formations, including company branding, relevant business searches, even supplying secretaries, payroll services and a registered office if needed. Most importantly they can offer Trademark advice to make sure that you are protected from the off.

So, if you are considering starting a business or accountancy firm, then maybe you should check them out……

And Good Luck!

posted by admin on Nov 23

BP have created a way to squeeze even more oil out of an existing oilfield - saving both them and us money.

Basically they have found a way to divert high-pressure water underground so that it only flushes out the oil rich seams rather than just flooding out through ‘empty’ cracks, routes, gaps or as they are known in the trade ‘thief zones’.

The Technique.
Many area of oil can be extracted from the ground by forcing it out with water. High pressure water is forced into one end of the oil seam and it pushes along the rock strata and out into a collecting area.

Normally the ratio of oil to water coming out is heavily in favour of water at the other end as once the water has flushed out some of the less dense areas, most of the water flows through these rather than forcing out the heavier oil-filled areas. Once the percentage of water gets to high, the land is abandoned.

What’s new?
Recently, BP in Alaska have been working on a new polymer that can actually help block off the entrance to these ‘thief zones’ making sure that the water flushes out the oil instead. This polymer expands when heated and causes a diversion - helping to retrieve more oil from the seams.

So far they have extracted half a million barrels more than existing techniques! As a result of these amazing achievements, they have started using this technique in other areas including Prudhoe Bay and Milne Point, as well as other across the globe.

In addition, you can actually change the temperature needed to create the polymer to swell allowing for all sorts of other factors to be taken in to consideration at every oil seam. These enhanced oil recovery techniques will be of great use in making better use of existing locations, saving extraction companies a fortune (and making them richer of course).

However, the opposite could happen. It could mean that smaller oilfields that were not viable for mining before by the large companies may now be plundered with this enhance technique. This could end up affecting many more regions, and possibly smaller locations much closer to towns and villages.

On a happy note:
There could be another benefit to this underground technique - BP are working on ideas to add more carbon dioxide to the water they use to flush the oils seams. Now this would mean that they would be depositing waste products underground so reducing the amount that is released into the atmosphere.

Yes, it would help to reduce their own carbon footprint, but they are not alone. The idea seems to be common knowledge and many companies and governments are hoping to pump waste gases into previously emptied oil or gas fields under the oceans.

Sounds great short term - but isn’t that like burying a body in your back yard and hoping that the next owners don’t try to build a pool……..


ThinkGeek! You'll love this stuff!

posted by admin on Nov 16

Invention Design Ideas From A Successful Businessman.

We have all been there. We have a great idea for a product, but we can’t quite get it to look how we want, or do what we want. But we keep trying.

Some people, however, go without one half of the process and their products are sometimes highly desirable and amazingly stylish - but generally they don’t last long and can damage your brand name.

Or they are fantastic at what they do and amaze all who witness their achievements - but they look like a machine rather than a work of art. There is a limit to what the general public will have in their homes or gardens, and it has nothing to do with snobbery.

So make sure you get both parts right with your inventions.

What makes a product successful?

Well, it isn’t just what it does that makes it a must have. It is the whole energy surrounding it that makes it a winner. Sometimes the design is just perfect - but if it doesn’t get into the public eye in a favourable climate, it is a loser. It needs to surprise people with its character.

Take Fair Trade for example. Noone used to pay the premium for that 20 years ago - now it couldn’t be more trendy to have your coffee and chocolate brandishing it’s fairtradeability. And Harry Potter. Noone wanted to know him the first few dozen times J K Rowling took him to the publishers.

The product also has to do everything that is expected of it - and for a very long time. If a product gets a reputation for breaking easily it could easily make it a failure. Also it needs to be easy to use - it’s no good having great technology and software if the buttons are too small for anyone to use or it only works in certain places.

Think of the problems you have with the products and technology you use, and try to overcome them. However, don’t forget that it is other people you are making this for as well. So, unless you are aiming for a niche market (narrow fitting shoes/people allergic to bee stings/underwater weddings) try to cater for everyone’s needs, specialise later if you want.

So, what makes a product iconic?

Well, this one is a bit different although still about timing to a certain degree. You need to have the product associated with something in the buyers memory, so they know and love this product by association, by memory.

Take the whole range of products being re-released now that remind everyone of their childhood/ their school days/ their mums cooking/ their granma’s kitchen. All these things are embedded in our memories as happy times so we remember those products and desire them as we get older. Think of the current sales of ‘old stuff’ on eBay at the moment. People are even buying incomplete sets and games off the Internet just to keep hold of that piece of their past.

The same thing needs to be incorporated into products being designed today. Will this stick in the mind of your customer? Will they enjoy using it? Will they like how it looks - what it does - what it represents - how it helps them? All these things will be setting the future for your product and of course your current sales.

What new technology is just around the corner?

There is lots of work at the moment with materials, which have little changed over the past decade or so. For example, there is just different types of plastic rather than a whole new concept.

Nanotechnology could soon change all of that. There is hope for some amazing new ideas and products to enter the market based on this new technology. For example, a paint containing nano particles of carbon could actually make the car it is painted onto photovoltaic - therefore able to power itself. That’s some exciting stuff to look forward to!

Based on James Dyson interview in STUFF

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posted by admin on Nov 11

How to catch Carbon Dioxide before it goes into the atmosphere and then bury it underground.

It seems at the moment that companies are looking for ways to hide the carbon, waste products and other pollutants rather than stop producing them in the first place.

Just as Governments are happy to bury tonnes of household waste and garbage under the ground all over the World rather than stop companies making such products and packaging in the first place; these businesses are hoping to still create the damaging by-products of their industry, but find some way to catch it all, store it and then hide it somewhere far away.

Lets take one current polluting industry as an example.

The Coal Industry
Coal was once the backbone of the UK. It’s Industrial Revolution was fuelled by this cheap and easily accessible source of fuel. The image of a soot-covered chimney sweep was a nostalgic image of industrialised Britain - until we checked it’s carbon footprint!

Kingsnorth Coal Factory is at the moment gripped with protests. It gives off 20,000 tonnes of carbon dioxide every day - into the atmosphere. This is the same amount (give or take) as the 30 least polluting countries in the world added together! (The Sunday Times)

Coal gives of more of this damaging gas than any other fuel - with 820g given off per kilowatt hour. Gas produces just 380g and nuclear a tiny 22g.

Worse still, is the fact the nearly half of the UK’s coal is imported from Siberia - now how much more carbon does that give off???

How can we fix this?
Well now, there are steps to make the coal industry ‘look better’ and to reduce the amount of carbon it emits this year - needless to say all the hidden gas will eventually leak out from wherever they stick it.

First things first - Step 1: Make coal-fired power stations more efficient. Frighteningly, such power stations only convert a third of the heat they generate into power - the other 70% is wasted!!!!!

Strange.  The Government keep telling me to insulate my loft to stop heat escaping - a bit of pot calling kettle black here!

However, their targets for this are only to increase their efficiency to 60%. Forget about that other 40% - it’s not important. We’ll look at that another time.

Step 2: Catch all the carbon given off during production and bury it somewhere.

In Germany, construction has begun on the worlds first complete demonstration of the technique of Carbon Capture & Storage (CCS). Built alongside an existing power plant, this £56m project will capture 100,000 tonnes of gas and compress it. Then transport it to a disused oil or gas field and inject it in the gaps.

CCS has 3 suggested techniques (none of which have been proven to be effective). These are:

1) Burn the coal in pure oxygen - this will result in pure Carbon Dioxide as a waste product. This means that the waste product does not need further processing before disposal.

2) Pre-combustion - coal burning is more controlled, resulting in hydrogen and carbon dioxide as waste products. The hydrogen would need to be recovered before disposal.

3) Post-combustion - this technique will scrub the exhaust gases from the power station. Not quite sure how that one will be processed.

There are plenty of locations willing to try these techniques, and the Mountaineer scheme in West Virginia may well be the first company to use all 3 techniques in it’s production. And it hopes to trap and bury 1.5 million tonnes of gas every year in a nearby oilfield.

So, is Britain moving forward?
Well, the UK Government is looking to increase the number of coal-fired power stations instead.  They are planning at leat 8 more!

It has looked at CCS apparently in 2006, then didn’t really make any progress. It talked about 2014 for work to start on one, but with their slow progress - it won’t be finished until 2020 at the very earliest. Greenpeace believe that Governments are using the ‘hope’ of CCS technology to justify building new power stations now - shushing the people by saying that ‘it’s OK, it will be cleaner to use in the future’.

However, I think coal-fired power station will only become ‘cleaner’ when we run out of coal, shut them down, and turn them into nice eco-loft apartments.

(Main Source: The Sunday Times)

posted by admin on Oct 9

Oxfordshire in the UK could see the first commercial use of nuclear fusion to create energy.

Unlike all existing nuclear energy plants that create energy splitting particles (nuclear fission), this hoped for technology would be squashing particles together under immense pressure and temperature until they fuse together and release all their energy (nuclear fusion).

Why Fusion?
For decades science and technology experts have been working with the idea of copying the suns natural processes and to create and abundant supply of carbon-free electricity (even more important in today’s society).

Needless to say the process needs extreme heat - just like the sun itself - for this to occur and it could also be as dangerous as a normal nuclear power plant if if goes into ‘meltdown’. However, all the experts believe that this couldn’t happen - but then they go on to say that ‘if it did…..’ it would only be low-level radiation that was leaked out across the countryside! Well, they would be fools to tell us otherwise.

In addition, this method also has a much shorter life-span than contemporary reactors of only 12 years, so would need to be replaced every decade.

Is it better than existing energy-creation methods?
Previous attempts to perform nuclear fusion have actually used more energy than they managed to create, but the physicists are hopeful that they can change that in the future.

An international group headed by British scientists have put all their faith in HiPER. They believe that this ‘reactor’ will be built in the next few years and place Britain at the cutting edge of nuclear fusion research. Nuclear fission we know creates a huge amount of radioactive waste - and can be very dangerous in the event of an ‘accident’. Not so here, apparently.

Professor Mike Dunne is leading the team and hopes to create a ‘miniature sun’ here on earth - offering a solution to the worlds energy needs in the long term. He advises that this will be a source of carbon-free power which uses sea-water as its fuel - AND generates minimal radioactive waste.

Sounds perfect, doesn’t it?


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