Many business owners find the thought of writing a business plan very daunting, so much so, that many of them never write one at all. But recent research suggests that SMEs could make more profit if they had a plan in place so no matter how difficult it might seem, now is the time to write a business plan if you haven’t done so already. And, actually, it is not as difficult as you might think.
A business plan is intended to clarify what the aims and objectives of the business are and how they will be achieved. It is, of course, also essential if you need to find a loan or other type of financing.
Here are the fundamental steps involved in writing a basic business plan…
The business loan drought which has prevented many millions of new businesses from getting the business loan they need in recent years is finally over. That’s the view of the Bank of England whose new report says that banks and building societies are showing ‘an increased willingness’ to lend.
Traditionally, if you were looking for the best loans in the UK for a small business then you would be unlikely to approach a building society because they have typically had relatively low lending limits and offered only small loans,… Continue Reading →
It’s rare that you meet a small business owner who buys life insurance to protect all their debt. If you own a small business, it’s possible that you have never even considered the need for life cover. However, there are… Continue Reading →
Have you ever dreamed of being your own boss, owning your own business, being successful? You may lack the funding to realize your dream of becoming a business owner. Perhaps you think that getting a loan to start your new… Continue Reading →
New lending rules require lenders to more closely assess whether a borrower can afford their small business loans. However, it has emerged that many mainstream lenders have already implemented more rigorous checks which are likely to see more people refused… Continue Reading →
A business is full of uncertainties and profit and loss is part and parcel of such ventures. But usually a borrower finds himself in a trouble if a bad credit score is added to his financial status. At such times… Continue Reading →
When planning to develop commercial real estate, it can be difficult to overcome the financial hurdles that come with starting a business unless you possess a lot of cash up front. Fortunately, commercial mortgage loans make it possible for many… Continue Reading →
With traditional methods of business financing no longer available, many small businesses are getting innovative, creative, and sometimes even extreme to get the money they need to ensure the stability of their businesses. As bank loans are out of the… Continue Reading →
Everyone has their own views and dreams in their life. When it comes to business especially people have high expectation’s about their career and business. Raising capital is one of the initial steps required to start up; since there is… Continue Reading →