Useful Information for Start Up Businesses


With all the changes and uncertainty that have resulted from UK's decision to leave the EU, I thought it useful to take a break from my more optimistic and cheerful posts about single life and share some information that SMEs (small, medium enterprises) may find useful. I managed to acquire this information after attending an event about Brexit held in Central London earlier this month:

[Event] BREXIT: The Impact on Small Businesses Panel Discussion (April 2017)

Business Contacts & Additional Info

- Local Entreprise partnerships (LEPs) are voluntary partnerships between local authorities and businesses set up in 2011 by the Department for Business, Innovation and Skills to help determine local economic priorities and lead economic growth and job creation within the local area (Wikipedia). It is rumored that the last lot of funding from the EU (before Brexit is finalised) will amount to £5bn and will cover 2014 - 2020. Your local LEP can provide more information about accessing this funding stream https://www.lepnetwork.net/find-your-nearest-lep/

- There is the possibility of making your voice heard (in the government) as a SME (small,medium enterprise) by joining your local chamber of commerce (http://www.britishchambers.org.uk/find-your-chambe...). The chamber of commerce also supports with opening new business opportunities in local, national and international markets or providing critical business advice, services and skills development.

- Shapr (http://www.shapr.co/) Allows businesses to network with other likeminded professionals and businesses which has the potential to result in productive collaborations or cross-business cooperation.

- Xsandy (https://xsandyshairandcosmetics.co.uk/) - run by Sandra Brown Pinnock, this is the only female, African-Caribbeean (hair and beauty) retailer in South East London. She also stocks an expanding range of independent UK product lines including Shea Decadence London, Premae, Afrocenchix and Shear and Shine (The UK's first black grooming range).

- Entrepreneurs Network: Co-founded by the successful entrepreneur - James Sinclair - a monthly (paid) subscription to the network provides access to insightful talks, business events, useful resources, direct access to business advice from the founders etc. (https://www.entrepreneurs-network.co.uk/)

- Rich Visions Small Business - Run by Mavis Amankwah, this business has helped small businesses secure low-interest loans. They also help with start up and growth advice, marketing and PR, social media management, writing business plans for lending etc. (http://richvisionssb.co.uk/)

- Natwest 'Women in Business' specialists - These specialists are accredited by the Chartered Banker Institute. They can assist with access to small business loans (£1000- £35,000: no early repayment fees and pay-back terms ranging from 1 - 10 years); boost your knowledge; boost connections and boost your skills (http://business.natwest.com/business/womeninbusine...)

- ICAEW (Institute of Chartered Accountant in England and Wales) Business Advice Service: For entrepreneurs starting a business for the first time and needing some advice, a free consultation can be booked with this service (http://www.businessadviceservice.com/)

START-UP FINANCE (useful websites) [Credit to ICAEW for this info]:

*Credit Unions: Association of British Credit Unions (abcul.org/home)

* CFDAs: Community Development Finance Association (cdfa.org.uk/about-cdfis)

* Grants: The GOV.UK website has a 'Business finance and support finder' (gov.uk/business-finance-support-finder)

* Start-up loans: startuploans.co.uk

* Banks: betterbusinessfinance.co.uk

* Internet finance: Peer2peer Finance Association: p2pfa.info/

UK Crowdfunding Association: https://www.ukcfa.org.uk/

- Elance: Hiring an online freelancer can bring in outside expertise for a fraction of the cost of hiring a consultant or new employee. Elance is home to over half a million freelancers, working in a wide range of business and creative areas. Post a job and receive quotes from reviewed and rated people (www.elance.com) [rates in US currency]

For more information about this and other business related matters, please see the following link Business Matters