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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 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.