1. What Are the Challenges for Startups? Challenges for startups are obstacles that new businesses face during their early stages of development. These hurdles often include financial struggles, competition, and operational difficulties that can determine whether a startup thrives or…
1. Introduction to the Best Businesses to Start Choosing the right business idea is the first step toward success. With technology, sustainability, and consumer trends shaping industries, the best businesses to start in 2025 focus on innovation, flexibility, and long-term…
1. What Are Labour Costs? Labour costs are the total expenses a business pays for employing staff. They include not only wages but also benefits, taxes, insurance, and training. Labour costs are a major part of operating expenses for most…
1. What Is a USP? A Unique Selling Proposition (USP) is the factor that makes a business stand out from competitors. It defines why customers should choose your product or service over others, highlighting your distinct advantage. 2. Why a…
1. Introduction to Loans for Small Business Every small business needs funding at some point, whether for startup costs, expansion, or managing cash flow. Loans for small business provide entrepreneurs with access to capital to grow and remain competitive. In…
1. What Are Gaps in the Market? Gaps in the market are unmet customer needs or areas with limited competition where businesses can introduce products or services to gain a competitive advantage. Identifying these gaps allows entrepreneurs to innovate and…
1. Introduction to Sales Forecasting Every business needs to plan ahead. One of the most valuable tools for this is a sales forecast. But many entrepreneurs ask: what is the sales forecast meaning and why does it matter? In simple…
1. What Does Being VAT Registered Mean? When your business is VAT registered, you must charge Value Added Tax on goods or services you sell (known as output tax). At the same time, you can reclaim VAT on certain purchases…
1. What Are Small Business Grants? Grants available for small business are funds provided by governments, councils, or private organizations to support entrepreneurs. Unlike loans, grants usually don’t need to be repaid if used correctly. 2. Why Apply for Small…
1. Introduction to Social Enterprise A social enterprise is a business that prioritises social or environmental goals alongside financial performance. Instead of focusing solely on profit, social enterprises reinvest earnings into projects that create positive change. Understanding the social enterprise…
