Richard Butler Creagh on Starting a Business

Welcome to the Richard Butler Creagh blog. A brilliant business idea is not enough to beat the competition on the US market according to Richard Butler Creagh because most business ideas and business models are easily copied by local companies who have a big advantage over non-US companies, among others: very good customer service, countless contacts, and access to sellers can use to physically sell products or services. What should a company launching on the US market do to increase its chances of beating the local competition and business success in the USA? The efforts of a European company to launch a new product or service on the US market should focus on three elements: speed, building a good team in the US, and wise spending of cash.

A new product introduced to the American market cannot be "perfect", there is no time for it. Often the engineer or European manufacturer behind the new product would like to perfect all the details related to the product. This approach will not work for a non-US company that is just trying to create its business model for the US market. A product in an "unfinished" form must be presented to potential US customers as soon as possible. A company with a new idea for the US market should not only overtake the local competition but what is much more important to get the so-called customer feedback, finding out potential buyer’s needs,

Unfortunately, a business cannot build in the United States in the long run by working from abroad. A company entering the US market must build a team of people. Team USA, who not only knows the product very well but also believe in the product. Most often in practice, this also means that Team USA should include someone who knows the local business reality and culture of doing business in the USA.

It is very easy to spend money from third parties, e.g. an investor; it is harder to spend money wisely only on the most necessary things related to building product sales on the US market. For example, not all employees in the company immediately need to work on the latest Mac Pro computers. It takes time to launch a new idea or product on the US market. It is a period of 2 years or more. Since a company introducing a new product to the US will not receive funding in the US, the company should have enough cash to survive the period of introducing the idea-product to the US market.

 Richard Butler Creagh on Business Loans

Welcome to the Richard Butler Creagh blog. Richard Butler Creagh has been in the bridging lending business for many years. Richard Butler Creagh's is financing process is laser-focused on the asset. All else is secondary. Because the only thing that matters is your property. In today's post, we talk about the types funding to finance your growing business. Read on to find out more.

The recent statistics show that over $4billion of loans have defaulted. This has a significant impact on the lending business as it increases the risk when borrowing money and consequent increases the cost for borrowing money which not only impacts the individuals but also the economy due to increased cost. Today organic growth for the business is almost unheard of on a medium and large scale. In fact, a study has shown that a healthy business has approx. 60 % on finance to get optimal growth.

As they say, There is no business without cash to open it. Smaller or larger. The idea itself is not enough!   It is a challenge for young entrepreneurs to get financial resources to start a business. The vast majority of cases, opening a business with no financial outlay is simply impossible. Fortunately, in recent years there have been many opportunities on the market to take out a loan to start a business in the UK. The situation is even simpler if we take care of a good business plan and we want to create new jobs. The property market, however, has an exception where has to be sufficient security in the project.

 A loan from a bank in the UK. The most important element that decides about obtaining a loan to start a business in the UK is credit history. This is what the banks take into account when assessing our creditworthiness. This assessment determines the credibility as a borrower and is to be a confirmation for the bank that we are able to repay the loan. It is developed in a credit score system, and the number of points we get translates into the amount of the loan that we can apply for. The same works for business and in many cases if there are not securities even for a limited company the bank will require a personal guarantee, which defeats the object of having a limited liability company in the first place.

Loans for start-ups. Another way to get a loan to start a business in the UK is to take out a bank loan intended only for start-ups. Usually, these are loans for relatively low amounts (from several to several dozen thousand) with a short loan term. On the British market today we find only a few banks that have an offer of loans for beginner entrepreneurs, but each year there are such offers. Banks are afraid of a fairly high risk of insolvency, which is why they are still more willing to lend money to enterprises that are already operating on the market. We must remember that the banks

Business grants. A grant is an amount that finances a specific project or business goal. They are usually non-returnable and can be paid from many sources, such as the UK government, non-governmental organizations, Business Enterprise, etc. Grants can be associated with a specific activity, business sector or geographical location of our company. This is the case for grants paid by the UK government. Such co-financing may cover up to 60% of the amount provided for in the investment.


Richard Butler Creagh helps you with your business loans, it's easier than you think. The reason most small business owners don't get financing is that they're looking in the wrong places. Learn more about Richard Butler Creagh here and how he can help you get the capital you need here. Browse  Richard Butler Creagh's complete collection of business, financial news, property tips and more on the Richard Butler Creagh's Pinterest page here. You can also follow Richard Butler Creagh's Facebook page here.