RSI LONDON Group | Russian Specialist Recruitment Consultancy
You’ve done it: You’ve come up with your revolutionary idea and launched your own business. But to ensure the quality of your product and be able to grow your startup, you’re going to need funding. Let’s take a look at three ways to get startup funding in the UK.
Launched in 2012 to encourage entrepreneurship, theStart Up Loan scheme is a government-backed personal loan of between £500 and £25,000 available to anyone looking to launch or expand a small business. The interest rate is fixed at 6 percent per annum, and the loan can be repaid over one to five years. You’ll need to submit a detailed business plan and cash-flow forecast to prove that your startup can afford the monthly repayments—there are plenty of helpful guides on the startuploans.co.uk to help you—and if you’re accepted, you’ll be paired with a business mentor for 12 months.
There are a few startup-business grants available to new UK companies specializing in innovation across a number of fields, from technology to the arts.
This is one of the most popular ways to attract startup funding in the UK, with a range of platforms offering different models of investment. Crowdfunding gives startups an opportunity to not only simultaneously raise money and generate publicity, but also to gauge interest in a product and develop it as the business grows. Crowdfunding comes in two different types.
If your business is product-based, crowdfunding through platforms like Kickstarter and Indiegogo offers a way to ensure a healthy number of guaranteed sales before you even begin manufacturing. Not only does this give you the capital needed to get your startup off the ground, but when the investor’s reward is the product itself, you won’t have to give up shares in your company. Just make sure your pricing structure accounts for all of the hidden costs of producing and distributing your backers’ rewards.
Platforms such as Crowdcube and Seedrs allow you to raise cash by turning your supporters into shareholders. This is great for startups with a business that isn’t product-based, or for small companies that need to raise larger amounts of funding to expand. Investors on these platforms are given equity in your company, and so will likely invest more than a typical customer would.
source.wework.com
Dear clients,
We hope you are doing well despite the circumstances.
We are writing this post so that you know that like many other businesses we have embraced remote support for our clients in need of sourcing personnel during the COVID-19 outbreak. As usual, we continue registering available candidates via Zoom. We also encourage prospective clients to get in touch with us if there is a vacancy that you are currently struggling to fill in. As we have the largest database of Russian speaking professionals in the UK, it allows us to source effectively even now. We arrange phone and Zoom interviews, assist with headhunting and provide shortlists as usual, saving you time and money.
We work together with a professional and efficient IT recruitment partner, therefore we are ready to accommodate your IT hiring needs associated with a dramatic change in the work settings – whether you need to upgrade your online services, improve the product, implement extra cyber security measures and so on.
We are here to support and tailor our search according to your unique request. Learn more on the dedicated page.
Some of our clients have embraced remote onboarding of the new employees, setting up the expectations and structure at the very beginning. We are also keen to share best practices if you are unsure how to support your new hires and introduce them smoothly in the team. However, we believe that there is no urgency to put on hold your hiring plans as it may lead to losing Top talent your company may need during this time of uncertainty. We help you hire those who make your business stronger! And we all need strength now.
“I strongly recommend Red Square if you are looking for a professional recruitment agency to work with. We have been using their services for many years and the quality of candidates they find is exceptional and has remained consistent, across all fields and positions.”
We wish you to go through this period of uncertainty as smooth as possible,
RSI Team
Changing jobs might be quite exciting and interesting, but often it involves dealing with some doubts. How do you make a decision on where to go next? In this article, we will give you a few ideas on how one could approach a job hunt by looking into job search strategies.
Typically people tend to choose an entry level job based on only a handful of criteria: salary, location, and the company’s name. Often, people skip the full description of what the job entails, and end up, due to this lack of understanding, not knowing what the routine of the job is going to look like on a daily basis. That, in the future, may lead to a quick disengagement from work and dissatisfaction with the new job. Generally, people also tend to send the same CV to as many as possible job adverts, which does not necessarily increase the chance to get a suitable job.
According to Blau (1993 & 1194), the typical process of a job hunt is the following:
– Gathering information and exploring what’s out there.
– Identifying which jobs and organisations that might be of interest.
– Engaging in an active job search – applying, sending CVs and attending job interviews.
But what if you add one more important step prior to gathering information – set your own career goals and formulate your own strategy to get there (Saks and Ashforth, 2000). To do so, you might want to speak to a career coach or consultant, or complete career tests to start with.
Setting a goal, different from just ‘to get any job as soon as possible’ may bring you to a better role that will be more satisfying and lead to something bigger in the future, such as a career progression or promotion.
Awareness of your personality traits, strengths, skillset, preferences, and interests may provide an effective framework for exploring options within the thousands of jobs listed online.
Sometimes, investing more time into preparation for a particular job is more effective that sending many CVs everywhere.
Tailoring your resume according to the job specification is a good idea. Of course, if you have the experience, qualifications or transferable skills that apply to a particular job, highlight this. Please avoid telling lies because in the future when it gets discovered, the situation may backfire you in a very unfortunate way.
Set up a particular time slot you want to invest in a job search and do it on a regular basis.
Analyse the job advertised in a way that it gives you a lot of information to make your decision on: check out Glassdoor, ask questions if you’re working with a recruiter, carefully read every line of the responsibilities and duties of the job, research the company’s website to learn more about its culture, values and future direction.
Ask yourself questions to dig deeper. What is there for you and what will you bring to the company? What value you will add to the business? How will the experience of working in this job and company contribute to your career goal(s)? What about your lifestyle and quality of life – is it far from home or nearby? Is it a small or large organisation? Is overtime expected or is it 9-5?
When you have all of the information that you need and you feel confident about taking the next step, read our article on how to optimise your chances to get a job.
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