I started A Suit That Fits with the mission of “Bespoke for all” with a friend in 2006. Looking back, I now realise how important it is to have an experienced board with you on the journey. Without exaggerating, I think having an experienced board early on would have skipped 3 years of work. I’m writing this to help other Start-ups skip those 3 years.
London has often be seen as a costly location for start-up businesses, with office overheads being excessive and the increase in transport fees for commuting employees, it can be a destination that leaves the finances much to be desired.
You may be taking your first steps towards getting your business online or be ready to upgrade your website so it works faster and smarter for your business. If you’re an entrepreneur, a new start up or have an established business in the UK, make sure you embrace online opportunities and really make your website work for you and your company.
Many people who take the leap to set up a business are often driven by a gut instinct to follow their dream, to leave corporate life or to be their own boss. That initial passion and instinct is key in getting an idea off the ground, but once you become a business owner, you can’t rely on instinct alone to guide your decision making.
For small businesses, and particularly microbusinesses, securing funding is a credible and positive way to grow your business. But, if like many business owners, you don’t have a background in finance, knowing where to go, who to approach, not to mention understanding the complex language & terminology, the process can be time consuming, confusing and pretty painstaking.
Nobody’s perfect, especially not a freshly budding entrepreneur. Because however perfect your concept may be, and however much you may believe that there is no man better for the project than you, this does not make you bulletproof.
There are so many things to think about when starting up your own business, but don’t let them overwhelm you. As long as you keep your head up and concentrate on what matters, you should find your feet sure enough. But, before you get started, have you considered the following? This could make or break your business, so pause for a moment and reflect.
Posted on 22nd June 2015 in Start-ups.
For small and medium-sized enterprises (SMEs), accessing initial start-up finance or funding for growth can be a daunting and stressful prospect. While bank lending is on the rise, the selective nature means many businesses are still struggling to access the finance they need.
It might be something you’ve been dwelling on for a while, or maybe it manifested as a sudden spark of sheer inspiration; either way, even your best business idea can be hard to get off the ground. Unless you’re well versed in the business world (which most entrepreneurs initially are not), just understanding where to start is hard enough.
Posted on 19th June 2015 in Start-ups.
Launching a new business can be exciting, but there are a number of processes that an entrepreneur will need to consider to ensure its success. For example, during the start-up stage, entrepreneurs can risk everything by failing to get to grips with the required legalities. Here I will take a look at some of the biggest legal pitfalls to look out for when setting up a business and discuss how these can be avoided.
How does it all start? It starts with a spark of inspiration. You see a gap in the market, an unmet need, a social problem that could be addressed with thought, innovation and hard work.
When you set up a business, it’s important to put the framework in place so that you protect your business ideas and goodwill, set out clearly the relationship between founding partners and manage any employees you have efficiently. It may not be the first thing on your mind, but a little attention to this at the outset could save you a nasty headache down the line.