Business Start-up Advice
As the world fights the Corona Virus (COVID-19) to limit its impact, this has left people fighting for their lives, unwell, scared, and many people been left without jobs. More and more businesses are closing each day. Entrepreneurs and business owners have been left having to rethink their business plans and financial future. So first, I want to say that …
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 your time on the section of your business plan that most investors and institutions …
When becoming self employed and starting your own business many entrepreneurs spend a lot of time on choosing the legal status of their business. On occasions, a business may need to change its legal status due to a change in the business or restructure. Which legal status you choose for your business depends on the type and size of the …
The Prince’s Trust is a youth charity that helps young people aged 11 to 30. They are one of the most prominent organisations helping young people to start their own business and move into self-employment. The primary way they do this is through their enterprise programme, a training course that provides you with all the knowledge and skills to run …
Over the past few years, entrepreneurs and student entrepreneurs visa applications have been of low quality in terms of innovation and job creation for the UK economy. The vast majority of the businesses that went through the scheme were small scale retail, fitness and hospitality ventures. To combat this, the new Innovator and Start-up visa programs opened on the 29th …
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 …
The cash flow forecast (or cash flow statement) is one section of a business plan that people experience the most difficulty with. Businesses fail for a variety of reasons; however, ultimately, they close because they run out of cash. This means, the better you manage your money, the more chance you have of keeping your business operating. Preparing a cash …
As a global recession looms with the onset of the COVID-19 virus, more people will lose their jobs and will be forced to become self-employed and start their own business. As the weeks and months progress, I am sure governments across the world will provide additional financial support for entrepreneurs to start their own business. But in the meantime, you …
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 …
