1. What Is Franchising? Franchising is a business model where a company (the franchisor) allows an individual or business (the franchisee) to operate under its brand name and sell its products or services. In return, the franchisee pays a fee…
1. Profit Maximisation One of the most common business aims is to generate as much profit as possible. Profit allows a company to grow, reinvest, pay dividends, and weather financial downturns. Ways to achieve: 2. Growth and Expansion Businesses often…
1. What Are Loans for New Businesses? Loans for new businesses are financial tools that provide early-stage entrepreneurs with capital to start operations. These loans can cover setup costs such as inventory, marketing, equipment, or initial staffing and are often…
1. What Are Start Up Business Grants? Start up business grants are non-repayable funds designed to help new businesses launch and grow. Offered by government bodies, charities, and industry organisations, they support: They’re an ideal alternative to loans and equity…
1. Purpose of the Loan Summary: Business loans are designed with commercial needs in mind, while personal loans are general-purpose and may have more flexible use. 2. Eligibility Criteria Summary: Business loans assess your company; personal loans focus entirely on…
1. Profits from Trading Activities Corporation tax is primarily paid on profits from trading—the core business operations of a company. This includes revenue from selling products or services, minus allowable business expenses such as salaries, rent, utilities, and raw materials.…
1. What Are Government Business Grants? Government business grants are non-repayable funds provided to help UK businesses grow, innovate, or start up. Unlike loans, these grants do not require repayment, making them a powerful tool for reducing financial risk in…
1. What Are Start-Up Business Grants? Start-up business grants in the UK are non-repayable funds awarded to early-stage businesses to cover essential costs such as product development, marketing, or staffing. They aim to support economic growth, innovation, and entrepreneurship. 2.…
1. Freelance Services If you have a skill—like writing, graphic design, social media, or programming—you can start a freelance business from home. It’s low-cost and scalable. Why it works:High demand, especially for digital services, and you set your own rates.…
1. Securing Initial Funding Raising capital is a major hurdle for most startups. Challenges include: Solution: Start lean, build a solid pitch deck, and explore pre-seed options like angel investors or government grants. 2. Building a Strong Team Startups often…
