Business Start-up Advice
Becoming an entrepreneur is not easy. It requires risk-taking, perseverance, and creativity. But most importantly, it requires a mindset that helps you take on these challenges and turn them into opportunities. This article will teach you how to develop an entrepreneur mindset and avoid making some of the mistakes entrepreneurs make. What Is the Entrepreneur Mindset? The entrepreneurial mindset is …
If you want to start a business in the UK, you’ll need to apply for a startup visa or Innovator visa. The process can be a bit daunting, but we’ve got all the information you need to get started. Tier 1 is aimed at ”high-value migrants such as entrepreneurs who have funds available to set up or invest in a …
A startup’s valuation is the company’s estimated worth at its first sale or public offering. The valuation is determined by many factors, including the company’s stage of development, its revenues and profits, and the amount of capital it has raised. A startup’s valuation is an essential indicator of its success and can be a crucial factor in attracting investors. The …
Starting your own domiciliary care business can be a rewarding experience, both personally and financially. It can also be a great way to help others in your community. The social care market is valued at £25bn – £30bn each year. Local authorities pay £20 billion per year on social care, £8billion of this is spent on care at home. In …
This article will cover how to create a cash flow forecast in a business plan or for use within an existing business. If you’re just getting started, you may want to read our guide to creating a business plan. However, this article is for you if you are looking for more specifics on making a cash flow forecast. The cash …
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 …
