SMEs are the lifeblood of the UK economy. According to the FSB, at the beginning of 2021, SMEs account for three-fifths of the employment and around half of the turnover in the UK private sector. However, there is a serious concern that banks are “pulling up the drawbridge” on funding for small firms, which might …
WILL BANKS “PULL UP THE DRAWBRIDGE” ON SMALL BUSINESS LENDING? Read More »
Just because you are taking your ideas and turning them into reality does not mean you need to figure everything out on your own. There are many, many ‘entrepreneurs’ who have learnt the hard way and a lot of those have often used those immortal words ‘if only I had listened and taken advice’. Make …
8 KEY FACTORS TO A SUCCESSFUL START-UP (TO BE CONTINUED) Read More »
Following on from the recent launch of The Startup Finance Guide we are delighted to announce that The British Business Banks – Start Up Loan Company have agreed a three-month initial sponsorship deal for the Startup Finance Directory that will be launched in the coming weeks. There are numerous funding options that can support new …
There will be times when you are just too busy to be able to run and grow your new business smoothly and effectively. The launch of any new business is bound to make life difficult for a while. In those early months you may well be tempted to do everything yourself either through a desire …
Three fundamental errors to avoid in the early days of your business Read More »
Our Contributor Directory is full of businesses who are just as passionate as we are about helping new start businesses to ‘hit the ground running’! These local heroes offer their services to new businesses, thereby helping to relieve some of the pressures that come with running a company. As we at the Startup Pack continue …
As you well know, our ambition is to stop SMEs failing in their early years and we set out to help them get off to the best start possible. It’s a sad fact that many SME owners are guilty of taking too much on and either not looking for, or cannot afford, support that will …
Having sufficient funding is essential to get your new business off to a fantastic start. However, lots of new businesses struggle to get their heads around finances. It’s not something one often thinks about as an employee. This means, at the Startup Pack, we fully understand why new business owners may lack the knowledge and …
There are various characteristics that distinguish scale-ups from start-up businesses. According to Katka Letzing, co-founder and CEO of Kickstart Innovation, “Scaleups can have a lot of meanings. To us, it is companies that are in the growth stage, usually with funding of late-seed, Series A/B. Start-ups are usually very small and try to validate their …
The difference between a scale-up and start-up business Read More »
Despite the ending of the Furlough scheme, according to trade body the Recruitment and Employment Confederation (REC), the number of job vacancies in the UK has soared to a record high. The report shows that employers posted 221,000 job adverts last week, taking the total to 2.7m. The REC predicts that the number of job …
With so many people taking the plunge into business ownership over the past 18 months, a significant number have found it can be difficult to hit the ground running and make a success of your new venture. That’s why we’re here to make sure you get off to the best start possible and build strong …