Start Your Own Business
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Start Your Own Business
Start Your Own Business
20-11-2013 3:09 PM
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Start Up
The initiative has provided £50M so far this year and plans to increase this to £150M by 2015.
Re: Start Your Own Business
Re: Start Your Own Business
20-11-2013 3:28 PM
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Re: Start Your Own Business
Re: Start Your Own Business
20-11-2013 3:30 PM
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Re: Start Your Own Business
Re: Start Your Own Business
20-11-2013 3:34 PM
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Re: Start Your Own Business
Re: Start Your Own Business
20-11-2013 3:35 PM
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Customer and Forum Moderator.
Re: Start Your Own Business
Re: Start Your Own Business
20-11-2013 3:35 PM
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Quote from: shutter It would be nice if the "start up" linky worked.... perhaps you need to go and ask James Caan how to get it working ! !
Sorry about that Shutter. I've corrected my link and I see Strat has provided one as well so you have 2 to choose from.
Re: Start Your Own Business
Re: Start Your Own Business
21-11-2013 7:07 AM
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Look how many business have started from a Saturday market stall or a back bedroom in somebodies spare time
It's the expansion of an existing business that needs capital.
Re: Start Your Own Business
Re: Start Your Own Business
21-11-2013 8:31 AM
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Re: Start Your Own Business
Re: Start Your Own Business
21-11-2013 10:30 AM
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This initiative not only offers a loan but it also offers set-up advice and ongoing mentoring from successful business people.
Re: Start Your Own Business
Re: Start Your Own Business
21-11-2013 11:59 AM
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Re: Start Your Own Business
Re: Start Your Own Business
21-11-2013 1:59 PM
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We can never have too many good independent breweries IMO

At any given moment in the universe many things happen. Coincidence is a matter of how close these events are in space, time and relationship.
Opinions expressed in forum posts are those of the poster, others may have different views.
Re: Start Your Own Business
Re: Start Your Own Business
21-11-2013 3:49 PM
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Quote from: w23 .
We can never have too many good independent breweries IMO
@HB:- every thought of crowd funding? indiegogo is a good place to start.
£20k is only £100 from 200 people, do you have the space and water supply?
Whim micro brewery runs from a small barn not much larger than a garden shed.
Re: Start Your Own Business
Re: Start Your Own Business
21-11-2013 4:14 PM
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You also have to actual develop a good recipe, get art for bottles done, pay for marketing etc etc.
Finally, you actually have to find someone to buy your beer. Fortunately for my friends, the hubby has been in the trade (though more on the wine side) for decades so had lots of contacts both among buyers and - equally important - in the meda and he'd been involved in other micro breweries (though not as directly) before.
They have been working minimum 12 hours a day, 7 days a week for a couple of years now - most of that before they were in a position to sell anything - and still aren't quite paying their way. Having started with pretty much every conceivable advantage.
Don't know about you, but the whole thing exhausts me just thinking about it

Re: Start Your Own Business
Re: Start Your Own Business
21-11-2013 4:25 PM
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So what chance does someone with little or no experience have in starting a business from scratch. ?
Some successful businesses have gone to the wall because those they supplied goods too went bankrupt and they were left with losses they could not meet.
Clearly some people succeed but it can be at the cost of their personal life as they devote all their time to the business and little to their family.
If you want a stressful and short life..........start a business !

Re: Start Your Own Business
Re: Start Your Own Business
21-11-2013 4:37 PM
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Quote from: gleneagles Some successful businesses have gone to the wall because those they supplied goods too went bankrupt and they were left with losses they could not meet
The most common reason is cash flow: customers failing to pay you but you still having to pay others - like your staff. This regularly kills businesses that are otherwise doing very well with excellent 'sales' volumes and low overheads. There are ways to mitigate the issue, but they're so expensive they can swallow your entire margin.
Somewhat counter intuitively, this is a particular problem if you do work for large corporations: you can wait months - and occassionally years (2.5 years is the record I've come across) - for payment.
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