Startups To Watch in 2020

From small acorns grow large trees. With startup fever and entrepreneurship growing each year it is no wonder that there are some fantastic companies pushing the boundaries and taking there business to the next level. Below we have compiled a list of some of the companies aspiring for greatness in 2020.

  1. Get Me My Mortgage

specialist mortgage advice for people looking for bad credit, self employed, commercial mortgage advice and HMO mortgages

Trying to shake up the mortgage industry is get me my mortgage. The team have created an informational website that gives users general advice on difficult situations that don’t always fit in with the norm that most high street lenders are looking for.

Speaking with one of the directors ‘with bad credit on the rise and the surge in payday loans people are taking out this can put alot of people out of criteria for a mortgage from the likes of barclays or another high street bank, our main aim is to connect out users with brokers that have the knowledge and experience to help them get the mortgage that they need.

2. Medopad

This company is looking to help improve the health care and extend the lives of millions of people using AI and big data.

There main goal is to create a world where people can live longer. Spend more time with loved ones and continue doing great things for longer.

3. Meetcleo.com

Cleo is looking to revolutionise the ways its users think about their finances by creating an intelligent assistant that can help them on the go.

You can ask Cleo if you can afford to go out, Cleo will respond. Cleo will also help you keep up to data with your finances and let you know when you need to save and when you are doing well with your cash flow.

These are just some of the great companies that are doing work to help improve the lives and offer a better solution for services that are needed in the UK.

If you have a startup or are making a name for yourself in the UK we would love to hear from you, get in touch with us.

uk business plans

Why go with business plan when starting business in UK

Your business plan precisely defines your business, identifies your goals, and serves as your firm’s resume. The basic components include a current and pro forma balance sheet, an income statement, and a cash flow analysis. It helps you allocate resources properly, handle unforeseen complications, and make good business decisions. Because it provides specific and organized information about your company and how you will repay borrowed money, a good business plan is a crucial part of any loan application. Additionally, it informs sales personnel, suppliers, and others about your operations and goals.

Plan Your Work

The importance of a comprehensive, thoughtful business plan cannot be overemphasized. Much hinges on it: outside funding, credit from suppliers, management of your operation and finances, promotion and marketing of your business, and achievement of your goals and objectives.

Despite the critical importance of a business plan, many entrepreneurs drag their feet when it comes to preparing a written document. They argue that their marketplace changes too fast for a business plan to be useful or that they just don’t have enough time. But just as a builder won’t begin construction without a blueprint, eager business owners shouldn’t rush into new ventures without a business plan.

Before you begin writing your business plan, consider four core questions:

What service or product does your business provide and what needs does it fill?
Who are the potential customers for your product or service and why will they purchase from you?
How will you reach your potential customers?
Where will you get the financial resources to start your business?

Writing the Plan

  • What goes in a business plan? The body can be divided into four distinct sections:
  • Description of the business
  • Marketing
  • Finances
  • Management

Addenda should include an executive summary, supporting documents, and financial projections.

Although there is no single formula for developing a business plan, some elements are common to all business plans. They are summarised in the following outline:

  • Elements of a Business Plan
    Cover sheet
  • Statement of purpose
  • Table of contents

The Business

  • Description of business
  • Marketing
  • Competition
  • Operating procedures
  • Personnel
  • Business insurance

Financial Data

  • Loan applications
  • Capital equipment and supply list
  • Balance sheet
  • Breakeven analysis
  • Pro-forma income projections (profit & loss statements)
  • Three-year summary
  • Detail by month, first year
  • Detail by quarters, second and third years
  • Assumptions upon which projections were based
  • Pro-forma cash flow

Supporting Documents

  • Tax returns of principals for last three years Personal financial statement (all banks have these forms)
  • For franchised businesses, a copy of franchise contract and all supporting documents provided by the franchisor
  • Copy of proposed lease or purchase agreement for building space
  • Copy of licences and other legal documents
  • Copy of resumes of all principals
  • Copies of letters of intent from suppliers, etc.
UK Business

Everything You Need To Know About UK Business

We find ourselves in the Age of the Great British Start-up!

Everywhere, it seems, people have a new idea that they want to turn into a business, a new business model that they want to turn into a company — or an old company that needs a new idea. Britain has always been a nation of small businesses but the rapid growth in new businesses, fuelled by the Internet, is quite staggering.

So how do you navigate your way through this new era of start-ups?

Whether you’re launching your own “dotcom” (or “dot.co.uk” for that matter) or starting the restaurant that you have always dreamed of opening, how do you make the right decisions? Should you wait until you have just a little more money or go for it? Find the right partner or go it alone?

Success in business comes as a result of planning.

In the present economy you have to have a business plan that shows you what your ultimate objectives are, the reason for those objectives, and each milestone that must be passed in order to reach them.
We found many Business Plans for use in the U.K. These British Business Plan packages have completed wording (not simply a template or a huge list of questions!), and have been written by experts in business planning and in running British businesses.

Most Successful People in Business

Today we are sharing a list of the most successful people in the business world in recent times. The list features individuals in a variety of sectors from Oil to the Internet.

Cornelius Vanderbilt (May 27, 1794 – 1877) During this time period Vanderbilt dominated the railroads and shipping sector. Building and controlling some of the most amazing railroads such as the Grand Central Terminal and NY Railroad. This is what allowed Vanderbilt to become such as success and influential historical figure.

Andrew Carnegie (1835 – 1919) Andrew was born in Scotland, UK before he moved over sees to America to pursue his dreams of success. Carnegie became very wealthy from the US steel industry. In 1901 Andrew sold his steel empire and retired. Andrew was a very generous man who gave away over $350 Million before he died.

John Pierpont “J. P.” Morgan (1837 – 1913) J.P.Morgan built a financial empire based on banking, and investment. He arranged the biggest mergers of his day. Morgan was a key player in the formation of great corporations such as General Electric 1892 and the US steel corporation. On his death, he left $68.3 million ($1.39 billion adjusted for inflation)

rockefeller

John D. Rockefeller (1839 – 1937) One of the most famous on our list is John D. Rockefeller. In 1870 Rockefeller started Standard Oil.His firm soon gained a high level of control over the production and distribution of oil in the USA is estimated Standard Oil controlled over 90% if US oil. Rockefeller is regarded as one of the richest men of the modern world and his estimated fortune in today as money would stand at $336 Billion. He was also the first ever billionaire in america.

Bill_Gates

Bill Gates (1955 – ) Bill Gates is a well known American business man and philanthropist. Bill Gates is the Founder of Microsoft and was the richest man in the world between 1995 and 2007. His estimated net worth is over $76 Billion. Bill Gates also started the Gates Foundation with his wife and concentrates more now on his philanthropy work.

larry-page

Larry Page (1973 – ) / Sergey Brin (1973 – ) Co-founder of Google. Google has displayed one of the most dramatic growth of any business. From humble beginnings, Google is now an international giant dominating the internet. There is little competition for Google which holds over 70% of worldwide searches.

steve-jobs

Steve Jobs (1955 – 2012) Key figure in Apple computers. Credited with turning around Apple, and overseeing the development of iPod, iPad and iMac revolution, which saw Apple become one of most successful companies.

RichardBranson

Richard Branson (1950 – ) British entrepreneur. Founder of Virgin. Richard Branson set up his business from a small record shop and has since successfully expanded into a variety of industries, such as trains, air flights and personal finance.

Walt_disney

Walt Disney (1901 – 1966) American film producer. Disney developed cartoon characters, such as Mickey Mouse and founded the popular Disney theme parks. Disney productions are one of biggest film producers in the US.

Henry_ford

Henry Ford (1863 – 1947) US Industrialist who helped promote the auto revolution, mass producing Ford cars at low cost, enabling Ford motors to become a successful multinational.

Source https://www.biographyonline.net/people/successful.html

Best Industries For Startups

Best Industries For Startups

In this post we will be giving you the top industries that you can get into as a startup. Barrier to entry can be a real issue if you don’t have much capital or a unique business plan. There are industries that are only really suitable for someone with a large investor such as the oil industry. Unless you have developed a new technology or unique product it can be daunting going up against business with Billions in their cash flow.

  1. Consumer Retail

While retail is a crowded market if you are manufacturing your own products then there has never been a better time to get into ecommerce. With social media and the chance to go viral and get your products seen by millions of people all you need is a good idea and a head for marketing to break into this space.

2. Technology

One for the programmers and web developers of the world. If you can develop software that can help improve lifes or businesses you can be onto something big. With many investors looking for the next big software company to invest in if you have a good idea then now is the time to put pen to paper and start your dream.

3. Media

Do you remember flappy bird? Candy Crush? these gaming sensations were originally small apps that were developed and took the world by storm. If you have a good idea that you think may be the next candy crush you will have little barrier to entry for your start up.

4. Contractor

If you have developed a skill working for someone else but really want to go your own way then why not think about becoming a contractor, it can be a great way to get into the world of self employment. Build your network and in no time you could be winning your own contracts and making your own profit.

With more and more people each year wanting to break away from the 9-5 and start their own dream every industry is getting more and more crowded but that does not mean that you cannot make it. If you work hard and don’t give up your startup could be the next big thing.

Best times to start a business

If your wondering when the right time is to start a business, there usually isn’t one. Even if you have a rock solid business plan and plenty of funding, taking the plunge can be daunting. If you are employed you are giving up your steady income to chase your dream. If you have a family you may have to sacrifice some family time to follow your dream.

despite the above there are definitely certain points in your life where it can be less risky to go it on your own. Below is a list of some of those times.

  1. When you are young

One of the most common regrets amoungst entrepreneurs is they wish they had followed their dreams earlier. When you are young you generally have less responsibilities and a higher tolerance for risk. You can afford to fail! There is no shame in failing on the way to follow your dreams. Once you have a family to support it becomes harder to get out of the 9-5 world of a steady income.

2. Being made redundant

Althought this can come as a blow, it could be the best thing to ever happen to you. Being made redundant will make you re evaluate your life. Sure you can continue looking for another job and with experience you will likely get one sooner rather than later but is that what you really want? If you have an entrepreneurial spirit this can be one of the best times to follow your dreams and see what happens. You can always go back to employment if it doesn’t work out.

3. You dont like your job

If your job is making you miserable then leave. Life is too short and we spend most of it working. Pursue something that makes you happy. Many businesses have been born out of employees leaving to go it on their own. Use your time wisely to plan and build the foundations of your business before you jump in. Sacrificing the odd evening and weekend to plan is key. If you have a good idea or the skills and knowledge to go on your own and your miserable at work now is the perfect time to start planning and building for your future.

4. You have no responsibilities

Many people dream of starting there business but then life gets in the way, mortgage payments, school fees, family expenses. The more responsibilities that you have the less likely you are to go it on your own. So if your free from responsibilities it is the best time to start.

As i said at the beginning there is always going to be doubt and its rarely an easy path to success but if your driven and motivated to make your business a success there is every chance that you will.

Starting a business with no money

Having an entrepreneurial dream is great, what isn’t great is when you have no capital to go for your dreams. Great companies have been started with little to no investment. In this post we will be sharing ways in which you can start your own venture with little to no start up capital

  1. Reselling Products

A quick way to start making money is to resell others products. Online this can be done by finding a supplier that is willing to ship directly to customers. This is known as dropshipping. If you are a marketer or have a good way of reaching potential buyers at low cost then it can be a quick way to sell a lot of products. The drawback of this model is the low margins that you are likely to get on products. This can make it difficult to make a profit if you have high advertising costs.

Another option for reselling is to visit charity shops or car boot sales and resell items at a higher price on online marketplaces such as ebay.

2. Making something

If you have a talent for woodwork or jewelry/gift making you can start a website to sell your products. Platforms such as etsy and notonthehighstreet will allow you to sell your wares. If you build up a brand you can then create your own website to sell more products. The initial cost of the materials and your time is all you will need. You will then be able to sell your products with a good mark up

3. Freelance

If you have a skill that others need then you can look into freelancing. There are plenty of sites out there with businesses looking to hire freelancers to complete tasks for them. You can also look for work on business networking sites such as LinkedIn.

4. Use low cost services to start

If you are wanting to create a business then you can use low cost freelancers to help get your business ready to promote your services. Using freelance logo and web designers will allow you to lower the initial investment needed to start your business.

You could also think about partnering with a friend or someone thats interesting in the same type of business as you. If you have the skills and they have the capital it could be the start of a great partnership.

If you have any tips you would like to share on how you got your business of the ground with little capital get in touch!