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 …
Business Funding Options You Can Control
When you’re starting or running a business, it’s important to have a clear understanding of the different business funding options available to you. Some funding options are outside of your control, such as bank loans or venture capital. Relying on these sources of finance can take time and ultimately lead to your business never starting up. It doesn’t have to …
The Modern Business Plan – How Business Plans Have Changed
The last economic crisis profoundly impacted how entrepreneurs and business owners finance their businesses and write business plans. The 2022 Mini-Budget and increasing interest rates will have a similar impact. Banks have been reluctant to lend money to start-ups without offering significant collateral against the loan. Despite all the publicity that they are lending more money than ever, banks are …
How To Get A Business Startup Loan – A Definitive Guide
The Startup Loan Scheme started in May 2012. It is a government-funded initiative that provides start-up funding and mentoring for entrepreneurs across the United Kingdom. It helps solve the problem of supporting people who have a feasible business idea or want to become self-employed but have no access to funding. The Start-Up Loan programme aims to equip enterprising individuals with …
How To Get A Bank Loan – Best Practice & Hacks
Applying for a bank loan is a normal part of running a small business and shouldn’t be feared. As long as you understand the process, banks are the most straightforward organisations to approach for money. Banks are a business; they want to make money, just like you do. Banks are predictable and use the same loan scoring method as they …
5 Reasons To Crowd Fund Your Startup
UK-based investment crowdfunding platform Crowdcube shared it assisted 105 businesses and raised £35.9 million in funding for 2014. This represents a 246% increase compared to 2013 and means Crowdcube maintains the title of the UK’s largest equity crowdfunding site. It is not just Crowdcube that has seen such huge growth. In the last 3 years, the global crowdfunding economy has …