Monday 14 February 2011

Starting a business

Recently I've done some reaserch about two very popular English banks which are supposse to help people to set up a new business.
Headlines of leaflets says: "The best in helping you to become your own boss", but which one really tries to help us the most? I will help you find out.

The first bank I took into consideration, Lloyds, propose us a business manager that you can make an apointment with and that will be on hand to offer you some support and quidance. They advertise: "we've many years experience of helping new businesses and we understand some chalenges you may face". This seem for me to be very important because profecional advices are always very helpfull and can influence to our choices.
I can also mention that this bank has one of the largest branch networks in the UK,  so there should be always one nearby. Appart form this you have 18 months' free business banking which sounds really encouragingly. Even after this period come to an end they still will help you with saving money on bank charges. 
Next positive thing is that they can arrange an insurance by Allianz Insurance plc which will cover the risk that your business faces. This is decision that should be made by everyone because life is unpredictable and it is always better to have an insurance. 
At least I can add that Lloyds offer totally free and easy access to your account so you can control everythink online. 

"We'll help you get started and turn your idea into reality". That is how Barclays, the second bank that I made research about advertise. They propose help in creating the business plan, offer usefull contacts for people that could help and gives some advices how to be a prospective business owner. They stress: "Be realistic; Do something that you enjoy; Know market; Do the costing from the down". This all headlines might sounds trivial but seems to be very helpfull and realistic. 
Barclays can also offer you a money for setting up the business which for me is a big advantage that attracts lots of customers for choosing this bank.
Of course it has an internet accounts so you can check everything online.

This is all I could find about this two banks. I hope it's enough.

4 comments:

  1. What does this mean:

    "Do the costing from the down"

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  2. it means working out costs for a year, then wort out how much you'll need to bring in to cover these costs and make a profit

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  3. So which one did you decide to use for your business? :-)Looking forward to today's post, great blog.

    ReplyDelete
  4. Before starting your own business...

    http://www.smallbusinesspro.co.uk/blog/starting-your-own-business/

    ReplyDelete