The Federation of Small Businesses (FSB) has carried out research looking at small businesses reaction to new credit. The study carried out had just under a thousand small business participants. One in three of those businesses say that the new credit is unaffordable. It’s making them hesitant to borrow funds, which are vital for growth. These findings come just ahead of Bank of England’s decision to raise interest rates in the UK.
business funding
For businesses, it’s natural for success to be associated with growth. But while this might mean more turnover, it also means more supplies, more staff, more inventory, more equipment; in other words, growing your business can be expensive.
Jordan Daykin is the latest entrepreneur to feature in our success stories. Jordan is the inventor and owner of GripIt, a plasterboard fixing capable of holding 250kg, as well as the CEO of VPS Group. He invented GripIt with his Grandad at just 13 years of age. He discusses his time on Dragons Den, inventing his product and his plans for the future.
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If you’re raising money for your business, don’t ignore the Seed Enterprise Investment Scheme (SEIS) and the Enterprise Investment Scheme (EIS). These offer new and growing young businesses in the UK attractive vehicles for securing inward investment. They benefit both the investor and recipient – and they are backed by the Government.
If you buy an existing small business, it may be easier than starting from scratch and it may be ideal if you’re new to entrepreneurship. However, as with any business, running it is never easy. Being a small business owner comes with its own hurdles, whether you are starting from scratch or buying an already existing enterprise. To make sure that you don’t get yourself into unexpected problems, make sure you consider all options and research fully to make an educated decision.
The first ever Autumn Budget 2017 was revealed by the Chancellor Philip Hammond at the houses of Parliament yesterday. The Budget focused on the finances of the country, and how it will affect the citizens of the country, from small business owners to millennials. The budget has mostly had a positive response, especially from the small business community.
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Venture capital is a form of funding for businesses. It varies from multiple other ways of funding because it deals with huge sums of money as well as requiring equity in exchange for investment. In this article you will find out how venture capital (VC) works and how you can get funding. VC is becoming a prominent part of UK business funding, with around £2.5 billion invested through venture capital in 2015 alone. Additionally, there are currently 22 VC firms operating in the UK.
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Starting up and running a business is no easy task. Although it is a rewarding venture, which enables you to be your own boss and put entrepreneurial skills to use, there are certain problems you will likely face. Here are the top three problems that are affecting small businesses in the UK right now. If you are business owner, you are likely aware and if you are thinking about starting a business, its important to take these problems into consideration.
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Peer to peer lending is a way to get finance without the involvement of any official financial institution. However, there are certain platforms you can use to get funding. The peer to peer lending websites are known as platforms and will vary from website to website. In this article you will learn what peer to peer lending actually is and what are the pros and cons for using this particular method of funding.
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Venture capital is a form of funding for businesses. Venture capital is financing that is provided by investors, known as venture capitalists to start-up businesses. Venture capitalists will only invest in your start up, if it shows potential for long term growth. This form of getting funding for your business can sometimes be difficult as it will need to meet certain expectations and guidelines.
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Franchising is a very specific business structure that is becoming increasingly popular. It is easiest to think of franchising as a kind of licensing. It allows an individual to run a company of their own, but using another company’s brand name, trademarks and suppliers.
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The number of small businesses taking off is increasing continuously, there was a huge increase in the number of new small business from 2015 to 2016; approximately 97, 000 more small businesses started. It seems that there has never been a better time to start your own business, which is promising news for any potential entrepreneurs. So, you have the perfect idea for a business, and you are ready to take on the world of small business but where will you find the funding?
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A major new study published by a leading accountancy firm shows that the vast majority of start-up companies use their personal resources to get their businesses off the ground, and will only seek bank lending as a last resort.
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