Starting out as a small business can be a huge challenge, with dozens of processes and responsibilities that need to be learned within a short period of time.
However, as a business owner, you will not be left to struggle on your own, as there are plenty of options and resources out there to help your company get off the ground and grow.
One example is Rend Platings, whose new startup was introduced through the Innovate2Succeed coaching programme and helped her to protect the Sugarwise concept as a registered trademark.
As well as this, the programme worked with her to target different sectors, including food and drink manufacturers, food retailers and hospitality. As a result of the company’s strong publicity and sales, it has developed a stream of major food and drink manufacturers providing products for certification under the Sugarwise scheme.
Another major step was the move to take on its first salaried staff, showing the significant growth enjoyed by the business in its early stages.
What’s more, Mativision were also able to benefit from government support, with Enterprise Europe Network London (EEN) providing access to a range of high net worth individuals, allowing them to move forward on an equity finance deal and fund recruitment of new workers, alongside support for a marketing campaign.
Following this work, Mativision secured four new contracts valued at £133,500 for high profile projects including the launch of the Samsung S7 mobile and the first ever live stream of surgery to remove a tumour.
Manchester-based engineer Danny Manu is another professional who has received support from EEN. The group was able to enable him to understand the true potential of his prototype wireless earbuds, which offers real-time translation in 37 languages.
EEN helped Mr Manu to create a crowdfunding proposal while using a global network to consider options for manufacturing and distribution. The group’s work also saw his MyManu-CLIK earbuds showcased at the Consumer Electronics Show (CES 2017) in Las Vegas.
Along with the government support available, small businesses need to consider how to manage responsibilities such as tax and admin. If this work is not completed properly, businesses could face significant fines and end up losing money and suffering reputational damage.
In order to complete these duties successfully, companies could benefit from hiring a freelance contractor to complete the work for them. This way, they can save time and ensure their accounts are filed properly without committing to full-time staff.