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Small Business

If you are a small business or are looking to set up, then possibly we can help.

If you are situated in Birmingham or Solihull  and you need between £10,000 and £50,000 then click apply for a loan on the left hand navigation pane to start the process.
What can you do to improve you chances of success ?

Whilst the Business Plan should give a good introduction to your business there are some key areas which need careful consideration.

  • Make sure you know your own plan- make sure you understand the financials - your'e the one running the business
  • Know your market, research the competition, why would people buy from you?.
  • Ask a 3rd party to read and comment on your plan - someone who knows nothing about your business.
  • Don't ask for too little - ask for what the business needs, there are always extra costs you haven't accounted for, build in some contingency.
  • Explain how you have arrived at your turnover figure, be specific and realistic.

If you need help with your plan contact BusinessLink on 0845 113 1234 or visit their website:

www.businesslinkwm.co.uk

 
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