Avoid these simple start up mistakes

6 Common mistakes your business may suffer from

6 common mistakes your business may suffer from…

About Acorn.finance

Contact us

Are you dreaming of starting your own business?

Here is a glimpse of the typical mistakes observed in small businesses to ensure a flawless and smart venture on your part…

Location, location, location!

Firstly, where you choose to begin your adventure is crucial to your success. No matter how innovative your business idea is, the location could see the failure of your organisation. If your chosen city is not welcoming to new entrepreneurs or the industry you will be working within, you can’t really go forward with your venture. Of course, your location should favor your particular trade, and also offer great growth potential for start-ups. London has proven to be the most favorable city for small businesses in the UK. The city withholds entrepreneurial spirit, also holding the advantage of how populated it is.

Business plan.

Are you thinking of tackling problems as they surface? This technique often won’t be ideal for big-scale challenges. For this reason, a well thought through business plan is necessary when planning your start-up. With all things considered it will, not only reveal potential problems, but also highlight where and when you should set your targets. A thorough business plan will aid you with solutions and alternatives for when a problem strikes.

Inadequate notion of customer base

Do you have the characteristics of your consumer base clearly identified? It is fundamental to have a clear idea of needs, expectations and solutions of your target market in order to make your mark. Subsequently,  market research is imperative when launching your business, you must know the requirements of potential leads in order to succeed.

Marketing

A common mistake is to be so focused on production that marketing can be pushed to the bottom of your interests. To make your mark within the industry, you have to successfully spread the word with adequate advertising. You must use innovative ideas across every possible avenue with the aim of reaching your target market. This then allows you to analyse your strategy after your business has grown, enabling you to identify the most successful channels for you.

Motivating employees

Employees are the main horsepower in any business. Having a skilled team is simply not enough to generate high productivity. You must motivate using different theories to find out what works for your individuals. Many business share the common mistake of being under-active in motivating their staff – thinking of it as a last priority. It can be achieved by the establishment of an easy communication channel, creation of a favorable workplace, maintenance of impartial treatment for all, acknowledgement of efficiency and foundation of a bond of trust.

Funding – this is where acorn.finance can help…

Start-ups are often leaning on capital to help begin their venture. You still must be pro-active to improve the situation of your development. There are certain necessary expense areas which every startup has to meet to run efficiently. For example, if you think you can reduce employee expenses by manning most of the jobs yourself, you are soon to burn out and so is your business. While overspending is a strict no, you have to be careful about “sufficient” funding. Invest in attractive sales pitches to pull in investors. This is where acorn.finance can help, we will find you the most suitable lenders to aid your business growth.

Whether it’s the start up capital you need to raise, or funding for that upcoming VAT payment, we are here for every business!

Give us a call on to get started today.
Our experience of 20 years making purchases happen

Our award-winning approach to business and property finance

Our 5* customer service

We understand your problem, then help the lender to understand.

Don’t just take our word for it

acorn.finance is an award winning finance broker, here are a few testimonials from our clients;
Commercial Broker of the Year – 2017. (Corporate LiveWire)

UK Commercial Mortgage Broker of the Year – 2016, 2015 & 2014. (M&I International)

Commercial Mortgage Broker of the Year – 2013 (Business Moneyfacts)

Shortlisted – Commercial Mortgage Broker of the Year – 2014 & 2015 (Business Moneyfacts)

Acorn Commercial Finance (Acorn.finance) is authorised and regulated by the Financial Conduct Authority (FCA) – #660207

We are also full members of the National Association of Commercial Finance Brokers.

Although most of the commercial mortgages, business loans, buy to let mortgages, bridging finance and property development loans acorn.finance arrange are not regulated by the Financial Conduct Authority we take our responsibilities as a professional broker very seriously and apply the highest standards of customer service and advice to every case, regulated or not.

As members of the NACFB since 1997, our ethos has always been to adhere to their Code of Practice in every aspect of our business.

The NACFB has operated an industry recognised Code of Practice since 1992 which endorses best practice in the industry. All NACFB brokers agree to abide by the Code of Practice which ensures that you have the guarantee that Acorn.finance will always operate professionally and in your best interest.

About Acorn.finance

Founded in 1997 by father and son team Tom and Paul Thompson, Acorn Finance have long been one of the leading finance brokers in the small business and property sectors.
We’re a multi-award winning team with 7 “best UK broker” awards in the last 6 years and have been featured on the BBC Inside Out programme to show best practice in the commercial lending sector.

Acorn’s specialist knowledge of small businesses marked us out as the “go to” broker for any trading business but especially those in the hospitality sector which resulted in Acorn Commercial Finance becoming the only finance provider asked to join the BIIAB (British Institute of Innkeeping Advisory Board).

We work harder to find the funding you need to thrive

Acorn.Finance (Acorn Commercial Finance previously) have been funding commercial and investment property since 1997.

As a small business just like you, the  Acorn.finance team understands the needs and time pressures of the buy to let property investor, developer or business owner.

Our mission is to give every business owner, property investor or developer access to the finance they need to thrive and grow.  In a broad and fragmented market with more lending sources than ever,  it is no longer an option to rely on the products of just one lender for the life of a business, lenders are many and varied.  Our role is to help you find the very best funding package to fill your needs, and to have the funding available to you, just when you need it.  To do that we work across the whole of the finance market, from the high street banks and challenger banks through to crowdfunding providers (including our own) and sometimes private equity and businesses angel investors.

Whether you are growing your business or investment portfolio or just starting out then finance is of vital importance and getting the best deal can easily be the difference between growing or not or even failure.  Our experts take time to understand your needs and aims in both the long and short term before recommending you a product which we believe is the best one to achieve your aims. By taking that time to understand your needs we also work more closely with our lenders than most brokers, that means we have a market leading level of success with more applications going through to a successful completion and more of our clients go on to long-term success.

Contact Acorn.finance

Call your local office using our freephone number – 0808 164 2364

Or – to arrange a convenient time for an initial call – Click here

Acorn.finance – London.

344-354 Gray’s Inn Road

London

WC1X 8BP

Serving London, the South-East of England and East Anglia.

Acorn.finance – Leeds

2 Wellington Place

Leeds

West Yorkshire

LS1 4AP

Serving the North-East of England, Yorkshire and Lincolnshire.

Acorn.finance – Bristol

Redwood House

Brotherswood Court

Almondsbury Business Park

Bristol

BS32 4QW

Serving the South and South-West of England, the Midlands and Wales.

Acorn.finance – Edinburgh.

Conference House

152 Morrison Street

The Exchange

Edinburgh

EH3 8EB

*Please note that we’re moving next month, the post might be delayed so please email scanned documents.

Serving Scotland and Northern Ireland.

Acorn.finance – Manchester

Peter House

Oxford Street

Manchester

M1 5AN

Serving the North-West of England, the Midlands and Wales.

One thought on “6 Common mistakes your business may suffer from

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