Tag Archive for starting a business

Hot Business News Today

The essential guide to starting a business in Birmingham

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Originally written by Anna Jordan on Small Business
If you’re thinking of alternatives to London for starting your business, you might be considering Birmingham.
In 2018, 18,590 businesses were created there and it’s the most popular destination for those moving out of the capital last year.
In this year’s Birmingham City Council update, businesses are reported to have a three-year survival rate of 51.9pc. What’s more, despite economic uncertainty, companies felt generally positive about conditions in Birmingham.
Is it really a prime spot for business, though? First, let’s take a look at some vital stats.
Population
Mid-year population figures estimate that 1,141,400 people live in Birmingham. A majority of 64.3pc are working age, 22.8pc are children and the remaining 13pc are pensioners. It has the highest percentage age of people under 20 of any core city at 28.6pc and with four universities, you’ve got plenty of access to young talent.
Crime rate
There are conflicting studies around whether Birmingham is a safe or an unsafe city. Police statistics say that in the year ending December 2018, the crime rate in Birmingham was lower than average (95.69 per 1,000 population) compared with similar areas like Manchester (172.77), Leicester (121.45) and Liverpool (120.38).
House prices
According to Rightmove, the average house price

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Hot Business News Today

Where to get support when starting a new business

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Originally written by Partner Content on Small Business
Setting up a new business is hard. And it can often feel like you’re doing it all on your own. If you have an employee or two along for the ride, it can still feel like you’re expected to have all the answers, and quickly. Surely you deserve a little support.
The good news is that you don’t have to go it alone. There are plenty of places you can find extra help, whether it be financial support, industry experience, or just a shoulder to lean on. Here are our top ways to get as much support as you can during your early days and beyond.
Scout out financial support
When you’re just beginning to put together your own business there can be a lot of costs to manage, and sometimes your cash doesn’t stretch quite as far as you’d like. But you don’t have to go on Dragon’s Den to get additional financial support – as a new start-up or small business there are several government grants specifically put in place to help you, particularly during your first year. Unlike business loans, you don’t have to pay grants back, and the good news is that

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