Blog entries by UKBF Editor
Running a business means juggling plenty of things you can plan for and an equal number you can’t. Whether you’re fitting jobs into a packed diary, managing a rental property or growing a side-hustle from the ground up, problems often appear at the least convenient moment.
It’s rarely the...
For many years, conventional corporate credit cards were the default method for managing business expenses—covering everything from team lunches to flights and hotel stays. However, as companies become more cost-conscious and digitally connected, they’re discovering that traditional credit cards...
Without a doubt, the last few years have been economically unsettling for many SMEs. However, there have also been some business success stories, which means that businesses of all sizes will be looking to scale and grow over the coming year.
Whatever the size of the business, there are several...
The ongoing cost of living crisis in the UK is hitting many people and businesses hard. No matter what size or type of small business you run, it’s inevitable that you’ve had to deal with rising costs. Regular expenses like energy, rates, rent, and even digital services have all increased.
It's...
Going through a liquidation as a company director can be an extremely stressful time. This article breaks down the process and gives you an insight into what happens to a director of a company in liquidation.
If you do need support and expert advice you can contact us on 0800 088 2142 or email...
Even the most successful enterprises are not completely protected from the impact of market and economic conditions. Economic downturns occur in the economy for various reasons. Recessions are usually caused by factors largely beyond the control of individual organisations and have industrial...
Fintech companies have been around for some time, but many people still don’t understand what they are and what they do. Financial services, often viewed as challengers to traditional banks, are platforms that offer online services that streamline the process.
These financial services usually...
The positive impact of entering business awards should never be underestimated. With countless companies having successfully navigated and survived the Covid challenges of the pandemic, numerous businesses, big and small, are realising the benefits of achieving awards and accolades.
Entering...
At Beautinow.nl we've just celebrated our second year anniversary since starting our perfume business. In this guide, we want to share all the knowledge we've gained, to help you start your own business in the market of fragrances.
To start an online perfume business, you will need to choose a...
Flipping websites can be a highly profitable business model. However, getting the most out of a website sale requires considerable hard work and preparation. While valuations for content websites are relatively universal, final sale valuations can still vary widely.
The final valuation can mean...
If you want your business to thrive, you’ll need to commit to planning and forecasting right from the start. Unfortunately, many businesses fail within the first 5 years mainly due to lack of preparation and proper business planning.
So what is business planning, and why is it so important...
If you’re a small business trying to get your business noticed in today’s competitive market, chances are you can’t afford to spend your marketing budget on expensive ads and overpriced marketing tools. Being strategic about where and how you spend your business resources is key. Luckily, there...
Growing your small business is not an easy task. It requires a lot of planning, flexibility and good organisation skills. Running a business also comes with a few uncertainties, it can be stressful and confusing, especially in the first few years, but it also comes with the most significant...
Everyone knows a little bit about equity finance – quite often from watching Dragons' Den.
Regular viewers of The Den seem to split into two camps, those who see it as pure entertainment with no real business content and those who see it as a literal interpretation of how things work.
As ever...
Of all the available sources of business funding crowdfunding is, without doubt, the most misunderstood and misrepresented. Hopefully, this article will help to clarify a few of the more common misconceptions.
Often viewed as a new phenomenon, crowdfunding goes back centuries and millennia –...
Types of funding and sources of funding are often mistakenly seen as interchangeable. In reality, they are linked, but most certainly not the same. For example, banks and crowdfunding are often mentioned as types of finance whereas, in reality, they are sources of funding.
A funding...
For start up businesses or those making a significant change in direction, it is usual for banks and financiers to ask to see a business plan. The business owner has normally done most of the required research – sometimes without realising it is a business plan. In other cases, it is necessary...
The UK provides a very fertile environment for start ups and small businesses – arguably one of the best in the world.
Sometimes it is possible to get a business off the ground using your own resources, or by beg, steal or borrow, other times it is necessary to seek external funding, ranging...