Thursday, 20 May 2010

Business start-up research...





I decided to look further into Starting up a Business and found some interesting websites ,that would help our Wedding Business .



HSBC had loads of excellent information on their website .Their start-up section includes sections on different loans ,cash flow help and protecting your Business.




HSBC also have accounts for a small business,this would be worth while researching further ,as there are special banking rates and extra facilities.I felt this would help our Wedding business and help achieve our initial banking needs.



I then went on to research Business loans.HSBC have fixed monthly payments for a small business loan. This would really help in the first couple of years ,as knowing the exact amount every month would make the initial cash flow easier to work out.



Next, I looked further into managing our cash flow for the first six months. We would be able to borrow up to £25.000 with a small business loan ,have access to the company's money and be able to sign up to a business credit card. I am not sure if a credit card would be beneficial at the beginning ?



Finally I looked into keeping our business safe . The company needs to protect against legal matters ,protect our equipment and protect against damage to our vehicle.




Whilst researching further ,I came across http://www.businesslink.gov.uk/  This is a really valuable website ,that is an excellent resource for a small business. The King fisher centre in Rawtenstall ,help many small businesses start up and can offer grants ,depending on which area your post code falls in. This is also true for the 'Globe Centre' Accrington ,again depending on where you live ,grants may be available.



further information on grants and fiance help.



Above is another example of a website I found wwwbytestart.co.uk . The above information can be found on this link above.

I found this extra research both interesting and invaluable to myself and the role I have within our team.

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