A survey from City Lit in London has revealed that Britain is a nation of wannabe Sir Alan Sugars and Jamal Edwards’, with a staggering 53% of Brits admitting that they wish they could start their own business. The research, however, went on to show how apprehension gets in the way of this entrepreneurialism with […]
News and Blog Articles
Microbusinesses spent 10 weeks dealing with financial admin in 2019
UK microbusinesses spent almost 10 weeks working on financial admin last year, according to a new report. In Make Business Simple, Starling Bank surveyed 1,000 UK microbusinesses. The average firm clocked up 79 hours of labour a week, 15 of which go on finance admin tasks – a considerable 19% chunk of the total time. Smaller companies are […]
What are the benefits of Mentoring?
There are huge benefits to be gained by both sides of the mentoring relationship from both the mentee and the mentor, we’ve taken a look at just a few below. For the Mentee: Provides impartial advice and encouragement Develops a supportive relationship Assists with problem solving Improves self-confidence Offers professional development Encourages reflection on practice […]
Strategies for Selling Efficiently to Distributors
So, you’ve created a great product and you’re ready to scale. Whether you’re looking to land distribution with retailers or ambassadors, there’s one common need: to make sure who you’re selling to understands the incredible business opportunity that rests in working with you. To achieve this, they must believe they can easily sell your product […]
6 tips for creating a cash flow forecast, to help grow your business
1. Cash flow is more important to monitor than profits. Too many business leaders rely on the monthly profit and loss (P&L) statement to gauge cash flow. Your P&L is important, but it’s not an accurate picture of the cash flowing into and out of your business. The cash flow statement is the go-to document […]
Tips on how to pitch to potential business investors
Funding can be key to the success of a business but securing the deal can be daunting. As a new entrepreneur, drawing up a meticulous business plan is often just the beginning – it’s the investment that brings an idea to life. Achieving investment bridges the gap between having a great idea and building a […]
15 Common Pitfalls To Avoid As A New Business Owner Or Entrepreneur
It’s often said that you don’t know what you don’t know. As an aspiring entrepreneur, there will be many aspects of your journey that may catch you off guard or downright confuse you. While this is normal, some areas of ignorance can impact your chances of success. 1. Losing Sight Of The Big Picture In […]
How To Make Yourself Attractive To Small Business Investors
You’ve finally found your passion and launched that dream business only to find it challenging to get funding. You’re scratching your head because you have a solid business plan, yet the pounds aren’t rolling in. The truth is that potential investors look at you, the entrepreneur, as the investment. Not the business idea. In other […]
Brexit workshops get small businesses ready to trade
The Department for International Trade (DIT) has held 130 Brexit workshops for small businesses trading with the EU, and will soon launch a new market access database for UK traders. DIT invited thousands of small business traders to bespoke workshops, helping them develop personalised plans to continue and increase their trade after we leave the […]
Over 200 businesses started each week through DWP scheme
The New Enterprise Allowance (NEA) scheme has helped launch 203 businesses by unemployed benefit claimants on average each week in the UK, since 2017. Older claimants and people in the North West in particular have shown entrepreneurial skills. Helping unemployed people become their own boss as a route from claiming benefits, the NEA scheme offers claimants a […]