1. What Is a Sole Trader? A sole trader is the simplest form of business in the UK. It means you are self-employed and personally responsible for your business, including profits, taxes, and debts. Unlike limited companies, there’s no legal…
1. What Is a Trade License UK? A trade license UK is official permission granted by a local council or government authority that allows a business to operate legally in certain sectors. Not every business requires one, but specific industries…
1. Why Start a Business Online? Starting an online business is one of the fastest and most cost-effective ways to become an entrepreneur. Benefits include: 2. Best Online Business Ideas If you want to start business online, here are popular…
1. What Is Equity Financing? Equity financing is when a business raises money by selling ownership shares to investors. Instead of repaying a loan with interest, the investor receives a stake in the business and a share of future profits.…
1. Why Look for a Business Partner? Many entrepreneurs start looking for business partner opportunities to share responsibilities and boost growth. A partner can provide: 2. Qualities to Look for in a Business Partner The right partner should: 3. Where…
1. What Is Market Size? Market size represents the total revenue or number of customers a business can capture in a given market. Calculating it helps entrepreneurs and investors understand the growth potential of a product or service. 2. Why…
1. What Are Startup Small Business Grants? Startup small business grants are funding awards provided by the government, local councils, or private organisations to help entrepreneurs launch and grow their businesses. Unlike loans, grants don’t need to be repaid, making…
1. What Is VAT? Value Added Tax (VAT) is a consumption tax applied to most goods and services in the UK. If you’re a VAT-registered business, you can claim back VAT on business-related purchases and expenses, reducing your overall costs.…
1. What Is a Gov Grant for New Business? A gov grant for new business is financial support provided by the UK government or local councils to help startups launch and grow. Unlike loans, grants do not usually need to…
1. What Is a Small Business Grant? A small business grant is a form of financial support provided by the government, councils, charities, or private organisations. Unlike loans, grants don’t need to be repaid, making them a valuable funding option…
