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Reasons why start-ups fail

When it comes to start-ups, there are many reasons why they aren’t successful. Start-ups are risky and need a lot of attention as there are lots to think about. If you are planning to start your own start-ups then, read on to find more about how start-ups fail.

Reasons why start-ups fail

Your product is not in demand/ not selling

One reason why start-ups fail is that their product is not in demand. First, you got to think about the target audience of your product. The product could be focused on the customer’s wants and needs. This would mean they need to keep makings changes to their products or services and pilot them until they reach their customers wants and needs. They can use the feedback of each pivot and create a product that is in demand for...

The three types of Forecasting every business should know

Forecasting is a technique that uses previous archived data from your business. This data is used as inputs to make informed estimates that are predictive in determining the direction of future trends. Forecasting allows you to get an overview of the progress your business is making. This blog will help you to understand the different types of forecasting that every business should implement into their analysis.  

3 Types of Business Forecasting: General, Sales, Capital

1. General Business Forecast: No business runs solely on fixed conditions, and hence a general business forecast is undertaken. This forecast will look ahead at the local, regional and national-wide conditions that could impact your business, not just the business itself. Political conditions, fiscal policy, controls, population and national income etc. have direct bearing on the...

A Guide on How to Start Your Own Business

Starting your own business can be an exciting yet nerve-wracking journey. There are many components that contribute to preparing the launch of a brand. Before delving into any entrepreneur venture, it is important to get to grips with the fundamentals. Continue to read and we will provide you with a step by step guide on how to start your own business from scratch.

How to choose the right VAT Scheme for your business

VAT is a standardised tax that most businesses and individuals must contribute towards. It stands for Value Added Tax, and as the name suggests, it’s collected any time value is added to a product or service. The VAT paid goes towards  Her Majesty’s Revenue & Customs (HMRC) when they sell or hire out goods or services. There are some exceptions, such as sales outside the UK. However, for many businesses, VAT applies to every sale.

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