It has been said that ‘when the going gets tough, the tough get going’. But in reality, when a recession is looming and the business environment gets even tougher than normal, many more businesses, especially early-stage businesses, will fail.

If you're thinking of starting a small business, it won't do you good if you don't know how to keep track of your money. Bookkeeping involves more than just maintaining receipts; it includes preparing financial statements and taxes. In this quick-start guide, we'll introduce you to bookkeeping tips so you can get started in the right direction.

The front pages of the newspapers tell us that the economy is on a precipice. Interest rates are rising, inflation is at a 40-year high, and many report that venture capital is pulling back.

One in three UK small and medium enterprises (SMEs) say their survival is dependent on accessing finance by the end of the year, new research from NerdWallet has revealed.  

AWS is launching a one-of-its-kind programme that gives more women founders the support they need to accelerate their businesses. 

Sainsbury’s partners with Williams Advanced Engineering and gives green light to sustainable startups with £5m investment

More than a quarter of SMEs believe that debt funding is more widely available to male-owned businesses than female, according to research conducted by independent asset manager BOOST&Co.

When starting your own business, there are hundreds of things to think about and it can seem like the list of expenses is never-ending. From operational costs, to the cost of overheads, employing staff and getting your company’s name out there, there are many costs that need to be paid. However, if you are savvy, there are certain areas where you might be able to cut costs and keep your business more cost-efficient and today we hear from some industry leaders to get their thoughts.

These are tough times for many businesses. Rapid inflation and so rising input costs. Rising interest rates leading to increased financial costs. Squeezed consumers buying less and making it difficult to pass on increased costs by increasing prices. Add to this, recession, and global supply chain issues, and for many it is the perfect storm conspiring to undermine business.

Disparity from HR, eagle eye investors who are aware of the issue and startups with big goals and small bank accounts have all compounded into a tech recruitment issue causing much debate in the industry.

The payments world is complex and packed with innovative payment providers and technologies that cater to every customer’s need. This multitude of providers shows the increasing innovation in this sector. Equally, it makes it challenging to navigate the payments ecosystem and find the right providers for the right markets. 

Let’s face it, in the startup and VC world, every day can bring a new set of challenges. This is why many of us are drawn to the industry in the first place – it’s a high stakes space where mere ideas can turn into multi-billion global businesses, amassing considerable wealth for both entrepreneurs and their investors.

You are convinced that your novel and amazing business idea is going to change the world. So what do you do next to get it off and running? In the autumn of 2021, we raised a £300k pre-seed round for FoodLama from some notable angels who had exited their ventures to companies like Snap and Twitter, as well as someone on the board of Kraft Heinz. This is an attempt at describing what we learnt before, during and after that journey.

Launching a business is not easy. As a young entrepreneur, you have to focus on different areas. Although your primary responsibilities include empowering and scaling a business, you must focus on equity. Equity management becomes critical when considering investors for funding your business.

When it comes to the topic of 'Money' people feel a ton of emotions. Some feel sadness, anxiety, depression. Others get excited and see it as an opportunity to make the world a better place, to travel and to take care of their loved ones.

Being different is no bad thing. But it can be scary – and also pretty unpopular. This is especially true for purpose-led businesses where you may be trying to solve a problem for an underserved community, whether that’s people of a certain gender, sexuality, ethnic background, socioeconomic status, or another underrepresented group.

It’s an irony for small businesses that when it comes to finance, the more they need it, the less there is. With interest rates up for a fourth consecutive time in May and inflation forecast to be as high as 10% by the end of 2022 – a 40-year high – the economic outlook is highly uncertain. Traditional lenders are nervous and wary of increasing lending to SMEs, which already saw their debt rise by a quarter during the pandemic, and it’s no longer just struggling businesses that have a hard time securing funding.

Getting the backing of a Venture Capital Fund (VC) is often a key milestone for any growing business, it is, therefore, important to strategise both your preparation and approach.
 

Over the last few weeks, we have had the opportunity to speak with tens of startup founders and investors as part of our Private Beta launch for Truealpha.

Despite a record $330bn fundraising total, female founders in the US secured a mere 2.3% of venture capital in 2021 according to Bloomberg, the second consecutive year of decline and the smallest share since 2016. Amazingly, that figure is more than double the proportion of venture capital going to female-founded businesses in Europe which sits at just 1.1%.