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How Much Money Do You Need to Start a Business?

How Much Money Do You Need to Start a Business?

by david@numbercraft.us | Nov 5, 2023 | GUIDES: Resources for Starting Up

Many people underestimate start-up costs and start their business on the back foot financially. This can mean a long crawl up to your breakeven point and into profitability. Quite often it results in the business never making a profit at all. What you need to do is...
Understanding Intellectual Property

Understanding Intellectual Property

by david@numbercraft.us | Oct 30, 2023 | GUIDES: Resources for Starting Up

An idea can be a business’s most valuable asset. Whether it’s a business name, an original product or a portfolio of designs, your business will have intellectual property (IP) that needs to be protected. It’s also important to understand how intellectual property...
8 Management Priorities When Starting a Business

8 Management Priorities When Starting a Business

by david@numbercraft.us | Oct 23, 2023 | GUIDES: Resources for Starting Up

1. Put together a strong advisory team Starting a business can be a lonely process and thinking you can do it all yourself is the road to extra stress and pressure. Study successful business owners and you’ll find they have surrounded themselves with a strong group of...
Calculating Start-Up Costs

Calculating Start-Up Costs

by david@numbercraft.us | Oct 17, 2023 | GUIDES: Resources for Starting Up

Before you start a business, you need to know exactly how much money you’ll need, and where it’s coming from. You’re out of business fast if you fall short before you’ve started. Why you need to plan ahead If you want to see your new business start-up succeed, you can...
Calculating Your Break-Even Point

Calculating Your Break-Even Point

by david@numbercraft.us | Oct 6, 2023 | GUIDES: Resources for Starting Up

Before you start a business, and perhaps leave a job, try working out if your idea will be worth the risk. If you’re confident there’s a genuine demand for your potential product or service (and at the price you want), the next step is to work out how much you need to...
Buying a Business: How Much Should You Invest?

Buying a Business: How Much Should You Invest?

by david@numbercraft.us | Aug 19, 2023 | GUIDES: Resources for Starting Up

It can be easy for your heart to rule your head when you find a business you want to buy. However, if you don’t do thorough research before signing on the dotted line, you may regret it. Before buying a business, you need to establish its worth and whether the returns...
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