Business Start-up Advice
So you want to be your own boss and run your own business? But you are not sure about factors such as where to start, what resources you need, how to market products and services, and how to hire and train employees. Franchising is a great option for people in this situation. Put simply, a franchise is a method by …
Applying for a bank loan is a normal part of running a small business and shouldn’t be feared. In fact, banks are some of the easiest people to approach for money. They are a business; they want to make money, just like you do. Banks are predictable and use the same loan scoring method as they did 100 years ago. …
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 …
Most businesses need some kind of funding to get started. Getting business funding remains one of the biggest challenges entrepreneurs face. To reduce time and hassles in getting funding for your business it’s important to understand the options available to you. Below is a brief introduction to some of the most common business funding options available. Friends and Family It’s …
For most business owners it always seems like prices are increasing. That may be so, however, as part of a wider business improvement program, you should always aim to find cost savings within your business. Starting a cost reduction program can seem daunting, there are a few keys areas you should be able to find cost savings that will yield …
Growing your business is always tough for small businesses and start-ups, especially when they only have a limited amount of working capital. You can’t let this stop you from planning to grow. Every small business should plan to grow, failure to so puts you at risk of being overtaken by your competitors. To put it simply, you either grow or …
One of the most popular questions we get asked is “How Much Money Do You Need To Start A Business?”. There is no one answer we can give them. It depends on the business and your vision for the business. Many entrepreneurs who get a startup loan or secure investment from an angel investor think that their funding journey is …
Most entrepreneurs spend hours working on their product and for several months when starting their business. Research is great, however, there becomes a point where you have to test your business idea and find out whether your product will sell. There is no value in holding onto a product for until it’s 100% complete and when it’s released onto the …
We get asked a lot by entrepreneurs what they need to do to start their business. While there isn’t one definitive path to starting a business but let’s try to list out some of what you may need to do. There are five major categories you need to include in a business startup checklist. These are: Business Development Come up …
If you are writing your business plan then you need to read 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 focussing 5% of your time on the section of your business plan that most investors and institutions based …
