Business Start-up Advice
There are a couple of questions we get asked a lot. “How to run a successful business?” and “How do we get from being a start-up to being a successful and established business?” We have studied hundreds of different businesses and have identified five characteristics, most of which share. They have a strategic direction and a clear plan for how …
Starting your own business can be an extremely exciting time in your life. You probably have a lot of ideas about what you want your business to be, but you’re not sure how to make it a reality. I’ve put together a list of business startup hacks that will help you get your business up and running in no time! …
Whether you are just starting up or an established business, every business has room for improvement. The market is constantly changing if you are not planning to improve and grow your business; you are just stagnating and risking sustainability. This is why the stock market value of companies crash when they announce lower than predicted sales growth. Growth is a …
Writing a business plan is a challenging experience for many entrepreneurs. Even if they have a great idea, they fail to start the business or get funding – mainly because, to put it nicely, their business plan just plain sucked. While there is no one-size-fits-all template for creating a business plan, there are some key components that all plans should …
Explaining how much money your business will make is a crucial part of writing your business plan. Let’s be honest, unless you are a charity the main reason you are in business is to make money. If you are preparing a business plan for investment or funding, you will have to explain when you will start making money and …
Effective business planning is all about looking into the future. In your business plan you must be able to predict the future and ensure your business is best placed to survive, and if possible, thrive. As difficult as this sounds there are a few tools and techniques that will help you plan for the future. The most widely used business analysis tools …
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 last economic crisis had a profound impact on how entrepreneurs and business owners finance their business and write business plans. The post-COVID-19 economic recession will have a similar impact. Banks have been reluctant to lend money to start-ups without them offering significant collateral against the loan. Despite all the publicity that they are lending more money than ever banks …
If another business is able to copy or steal your ideas, inventions, contacts, designs or knowledge your business is at risk. Protecting your ideas and intellectual property is crucial for the sustainability of your business, potential investors will reluctant to invest in a company whose intangible assets are not protected. There are five main ways to protect your business‘s intellectual …
Here at SGI Consultants, we are focused on helping you to start and grow your business faster and easier. I think it’s a good idea to clarify some of the biggest myths about building a successful business. 1 – You Need Lots Of Money To Start Or Grow If you are planning to launch a spaceship like Virgin Galactic or …
