1. Understanding Business Aims and Objectives Business aims and objectives are fundamental to defining the direction of a company. Aims represent long-term visions, such as becoming a market leader, while objectives are specific, measurable steps that help achieve these aims.…
1. Understanding Small Start Up Business Loans Small start up business loans are financial products designed to help entrepreneurs cover initial costs such as equipment, inventory, marketing, or operational expenses. These loans are crucial for new business owners who may…
1. Understanding Grants for Starting a Small BusinessGrants for starting a small business are financial awards provided by government agencies, private organizations, or nonprofits to help entrepreneurs launch their ventures. Unlike loans, grants do not need to be repaid, making…
1. Start Up Grant (Local Authority Schemes) Many councils offer grants specifically for new businesses. These grants support: 2. The Prince’s Trust Enterprise Programme For young entrepreneurs aged 18–30, this programme offers: 3. New Enterprise Allowance (NEA) If you’re unemployed…
1. What Are Business Aims and Objectives? For example:Aim: Become the leading gym brand in the UK.Objective: Open 10 new branches within 2 years. Aims guide direction. Objectives make it actionable. 2. Characteristics of Effective Aims Example: “Deliver sustainable and…
1. What Is a Limited Company? A limited company is a type of business structure in the UK that exists as a separate legal entity from its owners. This means: It’s one of the most common structures for growing and…
1. Startup Costs These are one-time expenses to launch your business: 2. Rent and Utilities If you operate from a physical location, budget for: 3. Staff and Wages If you hire employees, factor in: 4. Inventory and Supplies This includes:…
1. Define Your Gym Concept and Target Market Start by choosing your gym’s style and audience: 2. Create a Business Plan Your business plan should include: 3. Register Your Business Choose a legal structure: 4. Find the Right Location Your…
1. Government Start Up Loans The UK government offers Start Up Loans to new entrepreneurs: 2. Small Business Grants Unlike loans, grants are non-repayable. You can apply for: 3. Business Bank Loans Traditional banks still offer competitive funding: 4. Alternative…
1. What Is a Business Plan? A business plan is a written document that outlines: 2. Executive Summary This is the first section but often written last. It includes: 3. Business Description Explain: 4. Market Research and Analysis Show that…
