Business Start-up Advice
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 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 …
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 …
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 …
If you are a serial entrepreneur or an aspiring business owner then learning how to write a business plan should be an essential part of your skillset. Being able to write a convincing business plan will help you improve and grow your business. Let’s start with what a business plan is: it is a document that outlines the vision for …
The Centre for Economics and Business Research (Cebr) expects the UK economy to grow by 2.5% this year, but see this slow to 2% in 2016 and then just 1.7% over the years 2017 to 2020. Managing a small business in the current economic environment can be challenging, here are some tips to improve your business and ensure it stays …
