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. 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. 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. 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…
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 Are Trustpilot Reviews? Trustpilot reviews are real customer ratings and feedback collected on the global review platform Trustpilot.com. Businesses across industries—from e-commerce to services—use these reviews to: With millions of verified reviews, Trustpilot serves as a key decision-making…
1. What Are Alternative Business Loans? Alternative business loans are non-bank funding options designed for small to medium-sized businesses seeking fast, flexible finance. These loans are provided by private lenders, online platforms, or specialist providers and are ideal when: 2.…
