START Up Loans, a division of the British Business Bank, has unveiled a new interactive resource aimed at first-time business owners.
The Essential Guide to Starting a Business offers free, useful advice to help navigate the challenges of launching a business in the current economic landscape.
The guide provides step-by-step guidance on ten key topics in an easy-to-understand format.
These include researching business ideas, creating a strategy, understanding company structures, and navigating business finances.
It also includes a glossary to simplify industry jargon, ensuring that even beginners can follow the process with ease.
In addition to this resource, the Start Up Loans programme offers loans of up to £25,000 with a fixed 6% interest rate to help with starting or growing a business.
Entrepreneurs can also benefit from mentoring and support services to help them thrive.
Richard Bearman, managing director of small business lending at the British Business Bank, said: “I am a strong believer that anyone can be a business owner, no matter what their background or experience.
“They just need the right support and guidance to get started. Our new guide is designed to do just that, offering free, practical pointers and a step-by-step roadmap.”
The guide also offers lesser-known insights, such as the protection of registered designs for up to 25 years and details about corporation tax for small businesses.
