Exporting can open up a new world of opportunities for your business – but is it right for you and what is the right approach to take?
A prototype is a representation of a product idea, whether it is a simple model you put together yourself, a 3D print out or a highly refined version produced by a prototyping firm. Several prototypes are likely to be built, assessed and tested before a product comes to market.
A SWOT analysis looks at your strengths and weaknesses, and the opportunities and threats your business faces.
Whether you are forming your first business or adding to an existing one, it pays to set it up correctly. Choosing the wrong business structure exposes you to unnecessary costs and risks.
Expanding into overseas markets can offer exciting growth prospects. But marketing and selling overseas is a demanding undertaking.
Building long-term profitability allows you to grow your business and the personal rewards you get from it. Creating and increasing profitability depends on doing many little things better than the competition.
Exporting can boost your turnover and reduce your dependence on UK-based customers. But moving into export is a big step - it’s important you consider whether your business is ready for the challenge.
Floating your company can be one of the most exciting experiences in your business life. But it can also be stressful, time consuming and expensive.
If you have a promising business but cannot provide the security needed for a conventional bank loan, the Government’s Enterprise Finance Guarantee scheme may be what you need.
Your business plan should be the roadmap for how you run your business - and it’s vital if you want to attract finance. Follow our tips to create your plan.