Breaking into the property development industry can be a rewarding enterprise, but you’ll likely face a number of challenges on the way. Aside from being great at selling, developers must excel at marketing, project management, property market analysis, and most importantly, understanding what buyers want and need.
If you’re starting up your own clothing line, you’ll have put hours and hours into designing, creating and branding your products. And as any experienced clothing line entrepreneur will tell you, it’s imperative to consider trademarking your products.
Starting a production company used to be right up there with becoming an astronaut or rock star as one of those fantasy careers that mums and dads would gently dissuade their children from pursuing. Established production companies were simply too dominant, the opportunities too few and the costs too high for new companies to have a decent shot at succeeding.
Few businesses are more rewarding for your creativity than arranging stunning bouquets. Best of all, floristry is the kind of small business you can easily run online, from the comfort of your own home.
Setting up your own online jewellery shop is very doable, but it does require some homework to ensure you start on the right foot. Beyond making your designs a reality, creating a website and setting up social media accounts, you’ll need to make sure you handle the more formal side of things.
You may know your hydrangeas from your hollyhocks, but how clued up are you on the different company structures open to professional gardeners? If your gardening business is going to flourish, you’ll need to pick the best setup for you, and meet all the business and legal requirements that come with it.
As a wedding caterer, your main goal is likely to make sure the happy couple have a great day, and that everything goes as smoothly as possible. On top of this, though, you’ll face the added challenge of creating a stable, competitive business that earns plenty of custom and does things by the book.
The big question: residential or commercial? When you’re thinking of starting up a cleaning business, this is a decision that all cleaning businesses need to make early on.
Lack of capital is one of the major reasons why startups fail. Some entrepreneurs theorise that raising capital can be a full-time six-month job for CEOs and this leaves bootstrapped startups with very few resources to operate and grow their business in the early stages.
Always dreamt of having your own business? Perhaps you’ve fantasised of being able to plan your own day or want control over your workload - but do you actually know what it takes to be a business owner?
You’ve had the dream and taken the plunge to set up a limited company, but what next? First of all, well done on deciding to start your own business - you’ve made a courageous decision in taking the first steps of your business venture!
Coffee may have once been the drink of Mondays, but a loyal nation of tea-drinkers means that many infusions and strengths can be found at your local cafe. In fact, often green tea is now just as likely to be on the drinks menu as a traditional tea for a health-conscious society.
Profit margins are the be-all and end-all of running a business, and with so many expenses coming from every angle, it can be a huge challenge to keep things cost-effective. 82% of small businesses fail because of cash flow mismanagement, which goes to show just how important it is for a business to maximise their income and minimise their output.
Startups face the unique challenge of translating passions and ideas into repeatable profits. If you want to scale your business successfully, you need systems that support your goals.
We spoke to one half of the Hey Mic! - a brand that has developed a product to revolutionise many industries with their microphone technology that has the modern world in mind.