Monthly Archives: July 2020

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How to cope with the slow return to trade post-lockdown

by Stuart Crook • July 20, 2020 • 0 Comments

Originally written by Stuart Crook on Small Business
July 4 marked the most recent phase of coronavirus restrictions easing in the UK, which allowed for pubs, restaurants, and private events to return to trade post-lockdown. Engineering, construction, and non-essential retail had already re-opened, however many are discovering that it isn’t simply a case of “business as usual”.
The Government has offered many different forms of financial aid during the pandemic to help businesses weather the economic freeze, including the Coronavirus Job Retention Scheme (CJRS), Coronavirus Business Interruption Loan Scheme (CBILS) and Bounce Back Loans (BBL), which have all been greatly received. However, even with businesses opening their doors to the public again, there are new rules and restrictions in place which must be followed which will impact on the bottom line of businesses and squeeze margins.
So, the challenge now isn’t so much restarting operations, but finding a way to do so profitably.
>See also: A quarter of entrepreneurs don’t use social media for their small business
Demand for sales
The Government was praised for its £330bn war chest at the beginning of lockdown to help businesses survive and protect the nation from mass unemployment. The idea was that it would protect the economy and ensure

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The Start-Up Series competition is back — £250,000 equity funding up for grabs!

by Nick Ismail • July 20, 2020 • 0 Comments

Originally written by Nick Ismail on Small Business
Following a short hiatus due to the coronavirus, Small Business and Worth Capital have partnered to reopen the UK’s largest seed funding competition — The Start-Up Series.
The Start-Up Series competition
The Start-Up Series competition was launched in 2016 by Worth Capital, with the aim of searching for the brightest entrepreneurs with the smartest ideas to invest real cash into these promising start-ups.
From September 1st 2020, The Start-Up Series competition in association with Small Business is back and will open for applications at the beginning of every month.
Each month one or two winners will be selected to receive a prize package consisting of:
• Up to £250,000 of SEIS/EIS equity funding.
• A minimum of 2 years invaluable hands-on help from experienced mentors.
• Media coverage on smallbusiness.co.uk and other channels to promote your business.
We are on the hunt for B2B or B2C business across all sectors. As long as your business is eligible for SEIS or EIS HMRC advance assurance, then we’ll consider your application.
We’ll be impressed by innovative products or services, in high growth or underserved markets, with the  potential to build a loved brand. If you can demonstrate these, you’re in with a fighting chance.

For

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The 9 Best Buying and Selling Apps

by Editor • July 20, 2020 • 0 Comments

I have a confession to make: I love keeping my kids’ things. I mean EVERYTHING. Baby clothes, baby toys, baby—everything. I used to have a hard time selling or donating these items simply because I attached a memory to them all. Flash forward a year later and as closets started to burst and my wallet […]

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