Startup Costs & Funding Archives

3 Popular Businesses You Can Launch With Minimal Start-Up Costs

Startup, Startup Costs & Funding / By Dragan Sutevski, PhD

Running your own business comes with many perks, but at the same time with some start-up costs. It brings with it far more flexibility than the typical 9-5 may offer, and so it can be very appealing, particularly to those with young children. It’s also great for those who feel suppressed by the red tape that working for larger organizations can bring.

Many people are keen to start their own business but are put off or concerned at the prospect of having to fork out a large amount of cash upfront. The good news is that this isn’t always necessary. Here are 3 businesses that you can launch with minimal start-up costs.

…

Funding Your Next Startup: What to Start Doing Today

Finance, Startup Costs & Funding / By Dragan Sutevski, PhD

You know what they say—to make money, you have to spend money.

Whenever you get an amazing idea for the next great startup, one of the first factors you’ll want to consider is how much you’ll need to spend to launch your business and how long it will be before you see a return on investment.

Dreaming big during the planning stages is great, but before you launch your startup, you’re going to want to be grounded enough to know whether or not you can financially sustain your new business.

If you’re prepared to launch a startup, but aren’t prepared to take out a small business loan, you do have other financial options available to you. Making smart financial decisions now can save you money in the long run.

…

Funding Your Next Startup: What to Start Doing TodayRead More »

How To Get Funding For Your Small Business

Finance, Startup Costs & Funding / By Dragan Sutevski, PhD

There are many ways to obtain funding for your small business. It is a synergetic relationship when you find a credible lender to furnish you with a loan, they are repaid plus interest, and your company moves into even greater earning capacity. Here are a few tips on how to get funding and prepare for a loan application.

…

How To Get Funding For Your Small BusinessRead More »

8 Biggest Start-up Costs of a Small Business You Need to be Aware

Startup Costs & Funding / By Dragan Sutevski, PhD

Unfortunately, starting a new business isn’t as simple as getting a room, plugging in a laptop, and pulling a couple of chairs up to a table. But, you will have start-up costs.

In a world where every industry space is fiercely competitive and most fledgling businesses fail, you must have every area of your business plan mapped out, including the start-up costs.

Whilst building an online business is very different from opening a little café on the street, here’s a brief outline of common start-up costs that a start-up needs to consider.

…

8 Biggest Start-up Costs of a Small Business You Need to be AwareRead More »

Funding Options to Get Your Startup Running and Growing

Startup Costs & Funding / By Dragan Sutevski, PhD

You have a business idea and a comprehensive plan to back it up. You have potential customers who are already interested in your venture. Your idea has been received with enthusiasm, which gives you the optimism you need to move forward. The only problem is that optimism doesn’t pay the startup and growth expenses, nor will it – ever. Don’t shelve your idea. You need to combine different funding options to start and run your own company.

Here are some funding options to check and then decide on to get your startup running and growing.

…

Funding Options to Get Your Startup Running and GrowingRead More »

How Much Will You Need to Start Your Small Business?

Startup Costs & Funding / By Dragan Sutevski, PhD

The number of small business start-ups in the UK and around the world has rocketed over recent years, as more and more people have decided to leave behind the increasingly uncertain world of 9-5 employment in order to go it alone. Even the government has got on board, investing more time, money, and resources towards helping those keen to start their own businesses. So, networking with government is becoming important, but how much money you will need? What are the startup costs you need to consider before you start?

For those who do decide to become entrepreneurs, there are many different things that have to be taken into consideration. This includes identifying gaps in the market, coming up with a great product or service, developing a USP, and carrying out in-depth market research to assess the viability of the business. Another hugely important factor that has to be considered is how much capital will be needed in order to get the business off the ground.

The startup costs for launching a small business can vary widely based on a number of different factors. The type of business you are opening will play a big part in the amount of money you need. Also, factors such as where you will be running your business from and whether you will have anyone working for you will play a crucial role.

Some of the factors you need to look at in order to start calculating how much you will need to raise to get things started include:

…

How Much Will You Need to Start Your Small Business?Read More »