1. Independence and Control One of the most common reasons for starting a business is the desire for independence. Entrepreneurs value: 2. Financial Potential Many individuals start businesses to improve their income. Owning a business can lead to: 3. Pursuing…
1. What Is an Ltd Company? An “Ltd” (short for “Limited”) company is a type of business structure where the liability of its owners is limited to the amount they invest in the company. It is commonly used in the…
1. What Is a Government Business Loan? A government business loan is financial support offered through public schemes to help businesses start, grow, or recover. These loans are often easier to access, come with lower interest rates, and offer support…
1. Understand What VAT Is VAT (Value Added Tax) is a sales tax applied to most goods and services in the UK. Businesses registered for VAT must charge it on taxable sales and pay it on purchases. The difference is…
1. What Is a Trademark? A trademark is a sign capable of distinguishing the goods or services of one business from another. It can be: In the UK, trademarks are registered with the UK Intellectual Property Office (UKIPO) and give…
1. Market Size Definition Market size refers to the total potential sales or revenue available in a particular industry or segment within a specific time frame. It represents the overall demand for a product or service and helps businesses gauge…
1. What Are Sports Businesses? Sports businesses refer to companies or organizations that operate within the sports industry. They can range from professional sports teams to small fitness studios, all aiming to deliver products, services, or experiences tied to sports,…
1. What Are Business Loans for Startups in the UK? Business loans for startups in the UK are financial products designed to provide new businesses with the capital they need to launch, operate, or grow. These loans can be unsecured…
1. Understand What “Free Government Money” Means When people talk about free government money to start a business, they typically mean grants—non-repayable funds offered by government agencies. Unlike loans, grants don’t require repayment, but they often come with strict eligibility…
1. What Are Business Grants for New Businesses? Business grants are non-repayable funds provided by the government, organizations, or charities to support startups and early-stage companies. Unlike loans, they don’t require repayment, making them ideal for new businesses needing a…
