The Executuve Summary is by far the most important section in a business plan. If you are writing your business plan, then you need to understand this. 90% of what you are writing will not be read. I am not saying you are wasting your time writing a detailed business plan. I am saying you are not focussing enough of …
When becoming self-employed and starting their own business, many entrepreneurs spend a lot of time choosing whether they should be sole traders or set up a limited company. Which legal status you choose for your business depends on the type and size of the business. Let’s find out what options you have when choosing the legal status of your business. …
The Prince’s Trust is a youth charity that helps young people aged 11 to 30. They are one of the UK’s leading organisations helping young people to start their own business and move into self-employment. Writing a Princes Trust business plan can be complicated if you have no experience. In this article, we’ll show you exactly how to write a …
Knowing the reasons why your customers buy your product or service is the key to sales success. When you know what their fears, problems and challenges are it gives you the ability to tailor your sales process to provide them with what they want and alleviate any concerns they objections they have. I in a previous blog post, How To …
No matter how great your product or service is if you don’t have customers you don’t have a sustainable business. Also, you may have the ability to come up with a great new product or business, but that doesn’t automatically mean you can successfully sell it to customers. Many startups struggle at first to find customers and generate revenue. Depending …
A lot of businesses are fighting to stay afloat at the moment, as Brexit-related uncertainty, global trade tensions and COVID-19 weigh on the economy. As a business owner, how do you keep your business afloat? Finding ways to reduce costs is something you should consider. Most business owners focus on growth strategies, sometimes market conditions mean this is just not …
Employees are the most critical part of any business, you can have the best product or service in the world, but if you don’t have the right people, you will never be able to grow your business. Understanding how to recruit and retain the best staff is a skill that every new business owner should possess. Without high calibre, motivated …
Have you ever dreamed of starting your own business, but felt like you didn’t have the resources to make it happen? Well, you’re in luck! Starting a business from scratch with almost no money is possible, and we’re here to tell you how. People will have to look for alternative solutions to start their businesses and support their families. Traditional …
The rate of new businesses registrations has rapidly accelerated in the UK over the past few years. It is estimated a record 500,000 businesses start each year. One of the first challenges of any new business owner has to face is how do they get business funding. This article will take you through the most popular ways to get your business …
Looking for an easy way to promote your startup? Looking for a way that doesn’t involve spending all your time on Facebook or hundreds of pounds on leads? In this blog post, we’ll discuss the ins and outs of startup marketing for those who are new or intimidated to start. Bad marketing is one of the main reasons why start-ups …
