1. What Is an Off License? An off license (also written as “off-licence”) is a retail shop in the UK licensed to sell alcohol for consumption off the premises. This includes: It differs from pubs or bars, which are licensed…
1. What Is VAT? VAT (Value Added Tax) is a tax charged on most goods and services sold in the UK. It’s added to the sale price and collected by VAT-registered businesses on behalf of HMRC. 2. What Are the…
1. What Are Grants for Small Businesses? Grants for small businesses are non-repayable funds provided by government bodies, charities, and private organisations to support business growth. Unlike loans, grants don’t need to be paid back if terms are met. 2.…
1. What Is a Business Loan for a Startup? A business loan startup is financing specifically for new or early-stage businesses to help cover startup costs like: Startups often use loans when personal funds or investor capital aren’t available. 2.…
1. What Are New Business Loans? New business loans are financing options tailored for startups and early-stage businesses with little or no trading history. These loans help cover essential startup costs such as: They provide the financial foundation to launch…
1. What Is a Small Business Loan? A small business loan is a form of financing provided to startups and SMEs to support growth, operations, or cash flow. The loan is repaid over time with interest, under agreed terms and…
1. What Is Primary Research? Primary research involves collecting new, firsthand data directly from sources like customers or markets. It includes: Unlike secondary research, it provides original insights tailored to your exact needs. 2. Key Advantages of Primary Research Here’s…
1. What Is Market Size? Market size refers to the total potential demand for a product or service in a particular market. It tells you: Market size is usually expressed in: 2. Why Is Market Size Important? Understanding market size…
1. What Is Corporation Tax? Corporation tax is a tax paid by UK companies on their taxable profits. It applies to: Unlike income tax, there’s no personal allowance—all profits are taxable. 2. Who Pays Corporation Tax? You must pay corporation…
1. What Is a Startup Business Plan Template? A startup business plan template is a pre-formatted document that guides entrepreneurs through writing a business plan. It includes all essential sections for planning, pitching, and launching a successful startup. 2. Why…
