The COVID-19 pandemic has caused uncertainty for many large and small businesses alike. While that may discourage some people from starting a new business during this unsteady time, those who embrace this moment as a unique opportunity for innovation and change may find incredible success.
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Over 672,890 start-up businesses were launched in the UK in the tax year 2018/19 – that’s equivalent to 1,844 new businesses per day. However it is a sad, but the inevitable, fact that not all of these will succeed in the long term. So what can you do to try and tip the scales in your favour? One of the most important things is making sure that you get off to a good start, so here are some tips for starting a small business, given by Jeff Barber, Partner at Selling My Business.
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As an entrepreneur who is considering opening a small restaurant, you have to think about whether you are to invest time, money, and hard work into making it a proper business.
[continue reading…]Are you hoping to launch your start-up business overseas? If so, you may want to contemplate locating your business in one of these super start-up friendly nations. To learn more about the best start-up destinations in the world, check out the below infographic guide which comes courtesy of the team at Hansen and Company.
[continue reading…]Starting a business has never been easier; the Internet in particular and the march of technology means researching a market is within reach for start-ups (even at a global scale), and much of this can be achieved with relatively little money.
I started out in the organic products business when there were hardly any organic products! Now it is possible to get every food imaginable in organic format, and in ever increasing quantities. When we first had organic brown rice the world beat a path to our door. Now it’s a commodity and you can get many different kinds; short grain, long grain, basmati, red, black – all organic.
For a lot of people, starting their own business requires a huge leap of faith. The reason behind this is simple – it is most often a step into an unfamiliar world, where you cannot be sure whether any of it is going to work out, even if you have a brilliant business idea. However, the very fact that you are seriously thinking about it is already enough for a good start. You are aware of the risks, and you have already heard all the intimidating statistics on startup failure.
We’ve all heard the stories of companies that started in a garden shed to eventually be sold to Google for billions. So many founders and aspiring entrepreneurs share this dream. But building your start-up for a trade sale takes a lot of forward-planning. Where do you even start?
Business growth is what every entrepreneur wants to see. But as your fledgeling organisation begins to spread its wings, you will likely find yourself spread ever thinner, spending more of every day distracted by things that have nothing to do with your core business.
Husband and wife left the retired life behind to give themselves a challenge again, so they set up a business. Scrumpies of Mayfair, was a project that breathed life into their retirement for the couple, who had left an international law firm behind. Here, Vicki gives the story behind her and her husbands journey or retirement and entrepreneurship.
Setting up a business venture is an exciting time. Armed with a solid business plan and the drive and determination to succeed, it’s time to see your ideas finally take shape. Whether your business is a local retail outlet, a graphic design consultancy or a mobile hairdresser, there’s a lot to think about and your start-up budget will be stretched every which way to get ready for launch.
You will need to raise finances to fund your franchise business. It might be possible that you have to deal with hefty start-up costs that will cover the initial franchise fee as well as buying and/or renting the premises. You will also have to deal with ongoing costs that you need to cover, especially at the beginning where you will not be making a great amount of money.
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Once you have successfully started up your business, you will need to focus on actually running it. Although getting started and setting up is the initial big challenge you have to face and overcome, after getting into a routine of running your business, you will need to make sure that you are progressing and moving forwards and upwards rather than being stuck in a stagnant state.
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Working from home may be a distant dream for many, however if you are lucky enough to be living that dream of working at home, then you will need a good office space. More and more people are starting to take advantage of working from home, and deciding to ditch chaotic commutes.
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So you’re starting a new business? What a crazy thing! I mean, you’re up against established brands, multi-million pound budgets, vast resources and a retail and supply network that’s well entrenched. What makes you think you can succeed? Rafael Rozenson, the CEO & Founder of Vieve (a protein water brand), answers all these questions from personal experience and gives his top five tips to compete with the big companies.
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Calculating start-up costs is essential for any prospective business owner. You need to figure out your start-up costs in order to see if you can afford to fund your business. If you do not have the sufficient funds to finance your business then you can explore different methods of funding available to you. In order for you to calculate your start-up costs you need to have a detailed business plan, highlighting all the costs for your start up.
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A record number of people set up on their own in 2015, and with the economy continuing to grow strongly, next year could be an even better year for start-ups. Here are 10 tips from the Company Bug team if you’re thinking of starting your own business in 2016.
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