Thursday, 19 April 2018

Information and commentary for the small business banking industry

Category Archives: Starting

25 Nov

Starting a business on a limited budget

One of the most common questions that banks get asked is: how can I start a business if I don’t have much cash and don’t want to borrow too much? Bootstrapping a start-up is quite common, and can be achieved with some creative thinking and forward planning. Bear in mind […]

11 Nov

Why small business owners should have mentors

When business owners are just starting out it’s important to take advantage of the experience of those who’ve been in business for a while, or who are familiar with their particular industry. The launch of a business is a challenging time, and being able to harness the knowledge of others […]

17 Oct

How to avoid start-up failure

Having a great idea for a new business is awesome, but it’s only the first in a series of steps to make sure it can get off the ground and be successfully taken to market. A proper start-up launch takes time, planning and a lot of hard work. For example, […]

13 Oct

Going from employed to self-employed

When people have an idea for a business, one of the biggest risks they’ll take is quitting their day job for it. Everyone dreams of being their own boss, especially if they’re in a job they don’t like, but they’re still risking a steady paycheck for an uncertain future, revenue-wise. […]

10 Oct

What makes successful start-ups

That ‘light bulb’ moment people get when a new idea for a business pops up is always exciting, but it’s just the first in many steps on the ladder to a successful start-up. A business plan is crucial. It’s how people crystallize their thoughts and ideas, lay out their goals […]

19 Sep

What’s behind a successful start up

If someone’s got a great idea for a business, that’s awesome. But it takes more than that to take that idea from the “light bulb” moment into a successful launch. For example, what do they plan to do with their idea? For example, are they thinking of developing that idea […]

14 Sep

Business plans – a blueprint for success

A successful business is one that’s built around a solid business plan. It’s the architecture a business is based on, and a tool that’s always in use to make sure it stays on track. You wouldn’t build a house without a building plan, and it’s the same for a business. […]

05 Sep

Modern tips for small business start-ups

It’s really exciting when anyone gets a ‘lightbulb moment’ – a great idea – and then realizes that the idea can be translated into a business. But it’s only a small part of what it takes to successfully take the idea from imagination to reality. One of the first thing […]

26 Aug

The importance of a great business plan

Think of a business plan as a blueprint for a business. Not only is it needed to show potential lenders and investors, but it’s what will lay out a business’s goals and objectives, and will keep a business on track throughout its life cycle. A well-thought-out business plan provides a […]

22 Aug

What small business owners need to know before launch

Running a business can mean long hours, unpredictable schedules and thinking on your feet with little respite until the business starts to make a reasonable profit. And reaching that milestone can sometimes take years. Entrepreneurs need to be passionate about what they’re doing, because if they’re not, they can quickly […]