Funding and Finance
The global Coronavirus (COVID-19) pandemic has been a challenging time for small to medium sized businesses. So we thought we'd help you out by compiling some of the most frequently asked questions we've received over the last few weeks around the help for small businesses that the government has to offer.
If you’re a food lover, it can be tempting to open up your own restaurant. It offers you the opportunity to be your own boss and to have creative freedom over everything — from the menu to the interior design.
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.
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.
You have started a business but you’re short of one very important thing… money. Having an extra source of capital can help your business in a number of ways: You could hire new staff, acquire a new office space, build a new product, go live with a marketing campaign, and of course much more.