Should you Continue with your Business?

If you business is in a financial crisis, you might well have wondered whether it is worth carrying on. What is the best way to minimise damage? Should you continue with the business, or is it simply time to throw in the towel? It’s hard to know, and as a managing director of a business, it is a decision that only you can make. It is worth looking at your options for continuing the business. If you are able to get some kind of turnaround finance, this is a viable option. However, people will often prefer to use turnaround finance if they are able to get some kind of investment, as it can otherwise be very hard not to run into the same kinds of difficulties. If you do decide to continue, you need to accept that you will need some kind of change in direction. You will need to...

Start Up Loan Opportunities For The Creative Industry

If you are starting up a business in the creative industry and are aged between 18-30 needing a loan in Scotland, then you should have a look at The Prince’s Trust and their Youth Business Scotland programme. If you meet the criteria, then you can try and apply for a loan up to £5000. You also may be able to receive a grant of £1000, and also receive support, advice, networking opportunities, finance management advice etc. Businesses that are deemed as eligible for support; Music Literature Publishing Film/Video Product Design (Craft, Fashion and Textiles) Digital Media Performing Arts (theatre, dance) Visual Artists/Galleries Community Arts Have a look at the Princes Trust’s website for more information.

Green Business Schemes

For many businesses, going green presents some truly great benefits. You have the ability to get tax deductions for demonstrating an awareness of your impact on the ecology, and of course, you are also likely to help improve the impressions your brand creates in the eyes of the public at large. Depending upon how much you reduce your carbon footprint by, you’re likely going to receive different amounts of money through tax deductions. If you’re from one industrial sector or another, this may also cause some changes to how much you receive for your efforts. So, a business in the industrial industry (known for being huge contributors of carbon dioxide and other greenhouse gases) which manages to significantly reduce their carbon footprint will likely receive more money than most other businesses. Even with all of these potential benefits for your efforts, there is real social and ecological benefit to taking...

Government Business Funding

There are many different government schemes for businesses and that doesn’t just relate to loans; grants are also obtainable. A grant is essentially money that doesn’t need to be paid back, it’s ‘granted’ to you, and some government-backed grants can be offered if you’re business is supporting society. You don’t necessarily have to be a charity organisation to acquire grants, and grants can be given out for your businesses involvement in a good cause. If your company is environmentally friendly and one of your main aims is to raise awareness, than grants can be awarded to your business for its efforts, and this is just one example. There are many possibilities out there, but it must be said that they’re not handed out lightly. If your business ffers apprenticeship positions and helps young individual find jobs and develop, then you may come away with a recognition award, which usually means...

Crowd Funding For Business

As a start-up business or a business looking to expand you will take into account different sources of finance. Crowd funding could be an option for you. It offers an alternative method of sourcing capital to conventional methods such loans that may be unfamiliar to some. Crowd funding is the method whereby you pitch your idea and research to a community (usually online platforms) to ask them for a pledge to your project. You would offer that community a carefully considered reward depending on how much they pledge and fulfil upon completion. The reward would then have to be given to the people who have given the pledge within a few months. Things that one needs to consider when looking into crowd funding from the onset is that it is an all or nothing process. If you have your calculations incorrect or get your target wrong you could end up...

What is the Role of Financial Advisors in Northampton

Financial advisors Northampton are professionals who offer financial services to governments, businesses and individuals. They bring in the right expertise and knowledge to identify and also help their clients achieve specific financial goals. This is done by studying the current financial position and using any information that is given to them to work on a number of areas such as investing, budgeting, managing task, managing debt, protection and social security among many others. You may hire one when you feel you need expert guidance to get your finances in control. Some of the duties that you may expect the professional to handle include: Looking for the best investment opportunity  The financial advisor is supposed to access current market conditions so as to analyze and compile socio-economic data and advice clients on the best investment opportunities at their disposal. He/she is supposed to be well conversant with insurance and tax laws...