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. And it’s one that carries very different ramifications that are significant in dictating almost every aspect of how you’ll be conducting business.
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. But where on earth do you get funding from? Finding the right place for this can be tricky. With this in mind, we have done some investigating to give you an idea of the most popular funding routes available to you and your business. Read on to find out more. Continue reading →