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Finance

Most businesses need access to finance at some stage – either to get started or to help the business grow. Here we look at the most common sources of funding.

Buying a business – the pros and cons

An alternative to starting a business from scratch is to buy one! You will be buying an operation with products, customers and staff already in place. But at the same time, you will have full freedom to make whatever changes you want to as the new owner.

Here are Bytestart’s pros and cons of buying a business.

financial crisis affect business

The 10 biggest financial crises in history & how they changed business

  • Finance

Financial crises are not like your average recession or corporate fraud. They involve firms and people overborrowing, usually to speculate on shares or real estate. They turn legitimate economic booms into gluttonies of lazy assumptions, hucksterism, and recklessness. Because they’re based on debt, the loss of confidence in one specific area of trouble quickly reverberates. Presto, credit dries up for everybody.Read More »The 10 biggest financial crises in history & how they changed business

Factoring for small businesses – the pros and cons

If you’re doing well enough that your business is growing rapidly you would expect your finances to be healthy. But that isn’t always the case.

If your firm is expanding quickly, you could find that your cash flow becomes a problem, even though your business is profitable.

It’s a unique financial situation where you are selling so much that you can’t get the money in the door fast enough to pay for the raw materials you need for your next batch of products.
Read More »Factoring for small businesses – the pros and cons

how to communicate with investors

How to communicate effectively with investors

  • Finance

Fundraising for your business is rarely a walk in the park. It’s a tough process, regardless of the industry you’re in, it can take up vast amounts of time, and more often than not, ends in failure.

Communicating effectively with investors will really boost your chances of success, so we asked funding expert, John Auckland, to reveal which buttons you need to press to get investors onboard.Read More »How to communicate effectively with investors