Nearly every business has to go to the bank for funding assistance at some point, so I thought it would be helpful to outline some of the key ways to help yourself in getting the bank manager to say “yes”. Banks are the major source of finance for small business in the UK. When applying for finance from your bank it helps if you follow procedures. Firstly, always have a business plan. The main areas to be covered in a business plan are the management team background with details of qualifications and experience, the type of business and previous trading…

You would need to do a self-inventory – As we all have our own ideas on what business we have in mind you’d need to be careful not to rush into it. You have to think about whether this business is for you? As starting up a business will take time and money. You’ll need to know how to cope with stress and you will need to be patient. • You need to plan – Writing down notes and knowing what sort of business you would like to open is a start, you have to be passionate about it. •…