Last year saw business confidence plummet in the UK, against the backdrop of Brexit and sustained economic decline. SMEs in the UK were hit particularly hard, with confidence amongst these ventures down by 20% in relation to 2017. As business confidence dwindles, firms are likely to adopt an increasingly conservative approach that focuses primarily on […]
Costs
5 Startup Cost Realities Most Founders Underestimate
Starting a new venture still costs real money, even though the entry price has come down dramatically in last few decades. For example, I come from a software background, and back in the early PC days, it could easily cost half a million dollars for a team of professionals to produce a commercial product. Now, […]
What Costs Are Involved When Selling Your Business?
When planning to sell your business, it’s essential to understand that you will inevitably face certain expenses once the sale process gets under way. And it’s only by factoring in these additional costs that you can arrive at a true estimate of what your net profit from the exercise is likely to be. So, here’s […]
The Ongoing Costs of Running a Franchise
If the thought of launching a business and becoming your own boss is something you’ve always entertained, it’s wise to have an idea of what it will cost to keep your operations afloat. As you read this you may think about overhead expenses—things like rent, utilities and insurance—however, if you’re considering becoming a franchise owner, […]
4 Strategies for Lowering Product Development Cost in a Startup
For a big company, lowering product development cost makes little sense. A big company has scale, and that means even small improvements in the product more than offset their cost. However, for a startup, product development cost is paramount. Startups have only so much cash and no revenue. Worse, most startups do not raise anything […]
Low Cost Franchise Opportunities for Under $10,000
Are you an entrepreneur looking to start your own affordable franchise? Whether you are figuring out cost and time management or just starting your research when it comes to finding the right franchise opportunity, it can be scary. However, it doesn’t have to prevent you from becoming a franchisee. Some of the best, low-cost franchise […]
New Business Owner? 5 Things to Look Out For
When starting a new business, there’s a lot of research that needs to be done. You might think you know what to expect but, undoubtedly, the unexpected will come up. The more you prepare, the more ready you’ll be react. To make your venture into self-employment successful, we’ve compiled a list of five things every […]
3 Things Entrepreneurs Forget When Launching Their Startups
They say that 96% of all businesses fail during their first 10 years, and this incredible statistic highlights the universal challenging facing commercial ventures in the digital age. Attempting to mitigate these risks and challenges can be exceptionally difficult for entrepreneurs, who must manage a number of individual elements if they’re to launch a successful […]
5 Ways to Reduce Costs and Improve Business Performance
Technology’s continuous advancements have torn apart the barrier between and among nations. Thanks to ecommerce, individual industries now operate their respective businesses within a circuit of globalized market systems. Unfortunately, such ecommerce has resulted in business opportunities as well as threats. Ecommerce has made transacting business between and among individuals of diverse locations and entities […]
6 Hidden Business Startup Costs
Starting a business is exciting! You’re finally ready to bring your dreams to life, become your own boss, and strengthen your local business community. You’ve got everything figured out…at least, you’re pretty sure you do. But with a new business come lots of startup costs, and you want to be sure not to overlook them. […]
