Becoming self-employed is often glamorised as the ultimate freedom—a way to “be your own boss” and live on your own terms. But let’s be honest: the reality is far from a dream for most new entrepreneurs. Transitioning to self-employment comes with serious financial and economic pitfalls that society, financial institutions, […]
The truth is, for most entrepreneurs, finances often evoke feelings of fear rather than excitement. It’s unsurprising, considering that most school curriculums don’t cover finance. So, where would entrepreneurs have learned it? And let’s be honest—few want to admit they struggle with financial knowledge. Neville Gaunt, who has worked with […]
Marketing is often seen as the golden key to business success, a magic formula that will open the doors to customers, growth, and profit. But here’s the uncomfortable truth: most entrepreneurs fail miserably at it. They think throwing money at flashy ads, posting trendy content on social media, or simply […]
Crackdown on late payments in major support packages for small businesses! Announced by the Government, the initiative is aimed at large businesses, defined as: · Having a £36 million turnover · £18 million on its balance sheet · Having more than 250 employees. The press release does not mention the […]
With around half a million new companies formed annually in the UK and many more individuals opting for self-employment, start-ups are driving much-needed flexibility in the labour market. But while start-ups are plentiful, not all of them succeed. In fact, only about 20% of UK start-ups make it past their […]
Starting a business is exhilarating but equally challenging. The road to entrepreneurial success is filled with obstacles, from securing capital to building a customer base. Entrepreneurs often face hurdles like cash flow management, defining their product-market fit, customer acquisition, and compliance with regulations. In addition to this, there is a […]
1 November 2024 The recent £25 billion increase in employer National Insurance contributions, coupled with a reduction in payment thresholds, is compelling businesses to reassess their strategies regarding pay raises and new hires. Adding to the pressure, the National Living Wage is set to rise by 6.7% from April 2025, […]
28 October 2024 Great news for businesses—Jonathan Reynolds, Secretary of State for Business and Trade, recently announced a significant shift in financial reporting requirements. As Reynolds explained, “My department will lay legislation by the end of the year that will save companies £240m per year by removing redundant reporting requirements […]
September 23, 2024 In the past two decades, starting a business has become trendy, attracting millions of aspiring entrepreneurs. Yet, with this surge comes a familiar narrative: the high failure rate of start-ups. Research reveals that up to 80% of start-ups fail within the first few years. This begs the […]
Inflation is a silent killer for start-ups, and here’s the harsh truth: most won’t survive it. With rising costs, tightening cash flow, and a volatile market, new businesses are getting hit from all sides. While big corporations can absorb inflationary shocks, start-ups with razor-thin margins and limited funding face a […]