1. Research the Market and Niche Before investing in a food truck, analyse: Choose a specialty or theme (e.g., tacos, vegan street food, coffee van) that fills a gap in your local market. 2. Create a Food Truck Business Plan…
1. Personal Savings Many founders begin by using personal savings to fund their startup. This method avoids debt and retains full ownership but carries personal financial risk. Pros: Cons: 2. Start Up Loans (UK Government) Government-backed loans from the British…
1. What Is a Start Up Business Loan Calculator? A start up business loan calculator is an online tool that helps you estimate: It allows new entrepreneurs to plan loan affordability and cash flow before applying. 2. Why Use a…
1. What Is an Airbnb Business? An Airbnb business involves renting out properties or spare rooms to guests on a short-term basis through the Airbnb platform. Hosts in the UK can earn income from: 2. Is Airbnb Legal in the…
1. Why Get a Business Loan? Business loans provide essential funding to: 2. Types of Business Loans Available 3. Where to Get a Business Loan 4. Eligibility Criteria Lenders typically assess: Startups may need a personal guarantee, while established businesses…
1. What Are Small Business Grants? Grants for small business startups are non-repayable funds offered by the government, charities, or local authorities to help new entrepreneurs cover initial costs. These grants are often sector-specific or regional and usually come with…
1. When Is Corporation Tax Due? Your corporation tax bill must be paid 9 months and 1 day after the end of your company’s accounting period. For example, if your accounting period ends on 31 March, your tax is due…
1. What Is a Government Loan? A loan from government refers to funding provided or backed by UK government bodies to support businesses, especially startups and SMEs. These loans usually offer: 2. Start Up Loans (British Business Bank) This is…
1. Legal Complexity Challenge:Forming a corporation involves navigating complex legal requirements, including incorporation documents, compliance laws, and industry-specific regulations. Solution:Consult a solicitor or use online formation services. Familiarise yourself with the Companies Act 2006 and register with Companies House. 2.…
1. Start Up Loans (British Business Bank) This government-backed scheme offers unsecured loans of up to £25,000 per individual (max £100,000 for a group) with: Perfect for startups and first-time business owners. 2. High Street Bank Loans Banks like Barclays,…
