The Chancellor has presented his Budget to Parliament on 16th March 2016.
During the Budget speech Mr. Osborne has promised many times to “put the next generation first”.
Here’s a summary of what was announced:
Before you invest thousands of pounds launching a new business, you should think carefully and do your homework first. The chances of your business being successful increase when you plan cautiously before spending money.
In my opinion, starting a business without a plan is a waste of money. There is a well-known phrase that states: “Fail to plan, plan to fail”. I totally agree with this because I think you always need to think about everything that will be involved in your business in order to avoid obstacles during the launch phase. This will minimise risk and help you to start your venture on the right foot. Also, when you plan in advance you will know exactly (or very closely) how much money you will need to invest in the business and if you don’t have enough money to start up your business (start-up costs + working capital), you need to raise an external financer such as an investor, a partner, a bank loan, or any other kind of funding.