780,000 businesses were started in 2020, as many people’s work drastically changed or they looked around for something more. Between 2020 and 2021, 13% more startups were formed than in the year before. In fact, more startups are being formed than at any other time in history. Small business is booming. Are you ready to […]
While COVID-19 forced many businesses to temporarily close, it’s important to be thinking positively about the easing of lockdown and return to work. As I write this, some industries such as retail have already been given the green light and resumed trading from 15th June. For others, particularly within the hospitality and leisure industries, there […]
Going it alone in business can be the best feeling in the world; you are your own boss, master of your own destiny and in control of everything – including the finances. As a sole trader, you have to wear many hats and quickly need to become an accountant, an HR professional, marketer and director, […]
If you’re thinking of going it alone in business, one of the key things to get your head around is the world of tax. Being a sole trader means you run your own business and are therefore self-employed. Being a sole trader means registering for Self Assessment and filing a tax return every year. You […]
You might have come across the terms ‘secured’ and ‘unsecured’ when hearing about business loans. Which option you choose will depend largely on your business, your circumstances, eligibility, what you need the money for and your long-term plans. The fundamental difference between the two is that a secured business loan requires you to put tangible […]
Alternative business finance can be a useful tool to boost cash flow, get your business through a rough time, or take it to the next level. Whatever the purpose of the funding may be, there are many different eligibility criteria for different types of finance. Here’s what you need to know about eligibility to prepare […]
In this final part of the series, you’ll discover how to conduct yourself when meeting the bank manager to discuss your application for your start-up business loan. Read Part One: How To Apply For A Business Start-Up Loan Read Part Two: How To Apply For A Business Start-Up Loan Part 2 – Tell Your Story […]