Category find funding

7 Questions To Ask When Considering Equity Finance For Your Business

Do you have a registered limited company? For equity finance to work, you need to have a limited company (occasionally limited partnerships are acceptable), which then allows for the allocation of company shares to your external investors. If you are unsure about the advantages and disadvantages of moving from your current structure to that of…

Crowdfunding – could it work for your business?

Crowdfunding is becoming an increasingly popular method for small businesses and social ventures to raise much needed funds.  The map below gives you some idea of the scale of growth in Crowdfunding over recent years.  Interestingly, the same source indicates that 46% of all UK Crowdfunding platforms were launched in 2011 alone, so with the…

Equity essential to finance new ventures writes the Financial Times

Equity rather than debt holds the key to financing the future of the UK’s small business sector, according to the Association of Chartered Certified Accountants (ACCA). The association’s small and medium-sized enterprises (SMEs) committee claims that economic recovery could be the shining moment for wealthy individuals who put money into early-stage ventures. Read more @…

Money – Small Business Quote of the Day

A small business quote a day keeps you thinking, inspired and entertained  “Remember that time is money.” Benjamin Franklin (1706-90) US politician & inventor, Advice to a Young Tradesman (1748)  To find previous Quotes of the Day look here 

Money – Small Business Quote of the Day

A small business quote a day keeps you thinking, inspired and entertained  “Its’ clearly a budget. It’s got a lot of numbers in it.” George W. Bush (b. 1946) US president, quoted in Reuters (5 May 2000)  To find previous Quotes of the Day look here 

Money – Small Business Quote of the Day

A small business quote a day keeps you thinking, inspired and entertained  “When money talks, few are deaf.” Earl Derr Biggers (1884-1933) US novelist, Charlie Chan in Honolulu (1938)  To find previous Quotes of the Day look here 

Small Business Start-Up Checklist – Financing Your Start-Up

A common barrier that a lot of people feel prevents them from starting their own small business is how to generate enough capital to get things up and running. A large number of SME owners end up working two or more jobs because they cannot afford to give up their previous employment whilst their new…

Do you have concern for your business or only for yourself?

I had an interesting conversation about my view that management control over employees is a myth. I have believed for some time now that an office is often a total waste of money and completely unnecessary. Most of the time I’m told it’s OK when you work by yourself, but not if you have employees,…

How much money do you really need to start your micro business?

Starting from home and using bootstrapping techniques will save you money and help your small business to stay afloat. But you will need some money – the question is, how much capital will you really need. To work this out you should do a cash-flow forecast, planning your income and expenditure for the next six…

Q & A: How Do I Find A Suitable Bank For My Small Business?

I would take this stepped approach to finding a small business bank in your area, and many of the steps are similar to finding other suppliers: Find out the facts - i.e. account charges, loan charges, banking hours, online banking and other benefits, like free advice, software, etc.Talk to the person who would be in charge of your account, meet with them.Talk to other small businesses about the bank and the bank manager, go to networking events in your local area.Make a Pro's & Con's list - then make your decision.You will notice that banks don't like to be called suppliers, or service providers, but that is exactly what they are, nothing more and nothing less.... This is probably the last time for a while that you hold all the cards, so it's better to find out what your bank is like before you really need them.For me business is between people, I move bank with my bank manager when he leaves, I'm on bank number three with him right now and that always served me well in the past, it is also a compliment to my bank manager, and he knows it.Better the devil you know......!

Q & A: What should I do when my bank cancels my overdraft without warning?

This question is hard to answer, because there are no simple answers here and the outcome of this situation could easily be fatal to the business and if you are personally guaranteeing this money - and you probably are - this could potentially be very serious for your personal life too.The things that you need to do, in my opinion are: Find out why?... Many years ago someone made the the umbrella analogy and it goes like this: When the sun is shining your bank gives you an umbrella (O/D, Loan);when it is raining, they need the umbrella themselves.It is best if you do everything possible to not need banks in the first place, by bootstrapping, outsourcing, planning your business and keeping your fixed costs as low as possible.Remember sometimes, attack is the best defense even with banks, they may need their money, but they do not need bad publicity either.

Q & A: What are successful cost-cutting solutions in small business?

Let me give you some pointers here, but please remember you can always do more on the cost-cutting front in any small business and start-up business, like SOHO-, SME, SMB-, Micro-, Lifestyle-, Home-, DIY-, Hobby-, Boomer- or Personal business, like professional, contractors, freelancer, self-employed, sole-trader and virtual assistants.... Or have it done on a results basis, doesn't cost you time and gets you money back.Do credit control - get your money in lower your bank overdraft cost and charges.This is only a short list of what you can do, but it's a start.

Small Business Failure – Reason: Funding

if you are don't start a business, because you are not ready and whatever you do do not borrow any money from anyone.If you read this and think this is all b*** s*** - and you may be right, of course - let me know why you think you need to borrow money? Maybe we could come up with an idea that would allow you start your small business, without having to borrow money and loosing some of the control in your small business.You can see other reasons for small business and personal business, like contractors, freelancer, self-employed, sole-trader and virtual assistants failures in my Health Check Category, if you can add to this list please do so, I would welcome your comments.

Small Business Infrastructure For Business Start-Up.

WinWeb On-Demand Software Solutions - Anywhere At Anytime.AccountsOffice and OnlineOffice are our two software offerings, which are based on the SaaS - Software as a Services model, to allow for the following key business benefits:• tight inclusion of business advisors from the start,• cultivating outsourcing techniques at the outset, i.e. virtual assistants,• no IT knowledge needed and hassle free operation,• real-time multi-user access from anywhere, increasing mobility.2.... WinWeb Live - Networking Community for Small Business Only.To foster collaboration and outsourcing we have expanded our WinWeb Live™ offering to allow for small business community networking - thus enabling the business owner to make decisions about his / her current needs, with the following benefits:• timeshare virtual assistants for professional results,• offer contracts of work to contractors on a case-by-case basis, • promote the business to a large audience or even locally,• find new work and contracts online4.

Cost Cutting for Small Business – Payment Terms

There are two ways to get better payment terms from your suppliers - make sure you know what the pricing is and negotiate the payment terms last, without warning. Most businesses do not expect small business and start-up business, like SOHO-, SME, SMB-, Micro-, Lifestyle-, Home-, DIY-, Hobby-, Boomer-, Professional-, Personal businesses to negotiate payment terms, so you have the element of surprise on your side - and it makes you look more professional.Firstly there is the extended payment term, of 60, 90 and 180 days - see if your supplier will allow any of those terms.

Want to waste some more time before you start your business?

Remember one of the main reasons that many small businesses across a globe close down is that they did not anticipate the cash or finance they would require to get their business up and running and give it a fair chance or to put it more plainly - they simply run out of money.It is important to understand the cash flow in the business and hence you must have an accounting system with integrated cash-flow forecasting in place, that does away with the need to pen down expenses and credits and allows you to go through your financial details in a comprehensive manner.... I would do a SWOT analysis, SWOTs are:Strengths: attributes of the business, products or services that are helpful to achieving the objective.Weaknesses: attributes of the business, products or services that are harmful to achieving the objective.Opportunities: external conditions that are helpful to achieving the objective.Threats: external conditions that are harmful to achieving the objective.I also add a little list of what I want to achieve with my business, no more then five points each.

Not all accountants are created equal (how do you choose an accountant)

This is where I would definitely look for an accountant who belongs to a professional body, and holds a current and up to date practicing certificate, at least this way I would know this ‘stranger’ has gone through a certain standard of training and will have had to achieve a minimum level of experience before being admitted to membership.... In summary, if you know someone who uses an accountant they are happy with meet them first, next find an accountant who understands your industry and finally if you have to make a selection on your own, then meet and interview at least three accountants before making your choice, remembering their membership of a professional body affords you some protection.

WinWeb Business Cloud - Creating Financially Sustainable Businesses