corsapower
Member
Registered: 9th Aug 04
Location: near bridlington
User status: Offline
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ive just been made redundant this morning, i have been thinking of setting up my own bussiness, basically sorting out stone chips sctratches, interiour repairs, wheel refurb, valet, basic paint and trims etc which i was doing at the place i worked. anyone know the best people to talk to about setting up on my own.
thanks adam
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Jodi_the_g
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Registered: 7th Aug 01
Location: Washington D.C
User status: Offline
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Do you have the money to get the tools to set up?
Will you be self employed?
Any staff?
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gianluigi
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Registered: 9th Mar 05
Location: Ipswich, Suffolk
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the bank  hsbc and barclays are very helpful, i used them for a business assignment when setting up my own enterprise 
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Danny H
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Registered: 10th Feb 05
Location: Gilberdyke, E Riding of Yorkshire
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You need to come up with a business plan - then visit the bank manager.
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Jodi_the_g
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Registered: 7th Aug 01
Location: Washington D.C
User status: Offline
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quote:
Originally posted by gianluigi
the bank hsbc and barclays are very helpful, i used them for a business assignment when setting up my own enterprise
Yes but as he is unemployed and under 25 there are varouis scheme that can give him the finance to start up in the form of a grant, almost no interest loan.
Just wondered if he need financining as thats the main issue.
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Jamie Walby
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Registered: 15th Nov 04
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worst thing you can do is get a loan IMO
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Jodi_the_g
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Registered: 7th Aug 01
Location: Washington D.C
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quote:
Originally posted by Jamie Walby
worst thing you can do is get a loan IMO
Agreed as a start up Small business loans interst is often high as you are classed as a major risk
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corsapower
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Registered: 9th Aug 04
Location: near bridlington
User status: Offline
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hi i dont have the money but i have some tools but i have the skill. i did hear that there was places that would help you to set up, i have a friend who is willing to start up with me and he has basic knowledge.
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willay
Moderator
Organiser: South East, National Events
Premium Member
Registered: 10th Nov 02
Location: Roydon, Essex
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Not corsasport.
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Jamie Walby
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Registered: 15th Nov 04
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and you have another overhead straight away as well as all your other outgoings.
Then you will more than likely struggle to pay all that you need to pay pver the first few months of trading as you will not have much coming in as you will still be establishing yours and your businesses name 
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a_j_mair
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Registered: 23rd Jan 04
Location: Scotland
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a buisness takes a while to break even when setting up with tools, premises, insurance etc etc
There are several buisness gateway type places up here that help give young people a start in buisness etc
i would have a look for somewhere like that as i am sure they could help with buisness plans strategys advertising etc
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Matty_Moo_
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Registered: 10th Dec 05
Location: Cambs
User status: Offline
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ever thought of buying your own Chips Away Franchise. They deal with all the stuff you are wanting to do. you just buy out a van and all the bits needed, get the training and your away.
then you dont have to worry about setting up all the stuff yourself.
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corsapower
Member
Registered: 9th Aug 04
Location: near bridlington
User status: Offline
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would the job centre be able to help me find somewhere like that
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Jodi_the_g
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Registered: 7th Aug 01
Location: Washington D.C
User status: Offline
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Right the options available to you might be limited to you via such traditional routes as the bank due to no source of income.
Though there are many more preferable options
First of all sign on, then ask to go on the partner in business scheme, it is part of new deal.
You will then receive you benefit for the next 6 months while you get your business up and running only drawback is all you money gets paid into an account where you need joint signatures for the length of the program.
Though if you are investing it back into the company they will sign it.
You can also get a grant of £300.00 from the job centre on this program which you do not need to pay back.
For additional set up financial I would recommend the princess trust. As you meet all the criteria
http://www.princes-trust.org.uk/
Contact them straight away as it takes a few months to get the money but they can give you either a up to a 4000k grant or loan or a mixture of both.
The advantage of the loan is its only £150 interest over the course of it and the first six months are £20.00
But most importantly of all get your business plan together and start the ball rolling.
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corsapower
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Registered: 9th Aug 04
Location: near bridlington
User status: Offline
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rite thanks for the help everyone i will contact them and get my bussiness plan sorted out. thanks very much
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Jodi_the_g
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Registered: 7th Aug 01
Location: Washington D.C
User status: Offline
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Any time if you need some more advice u2u me anytime only to glad to help.
But the parthner is business scheme is pretty good. if you can afford to live on job seekers for 6 months as you have a luxery most start up business do not. i.e a regular income for yourself.
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ed
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Registered: 10th Sep 03
User status: Offline
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For that kind of business you just phone up one of the millions of companys selling franchises in it and say, "can I have a franchise please".
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Jodi_the_g
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Registered: 7th Aug 01
Location: Washington D.C
User status: Offline
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quote:
Originally posted by ed
For that kind of business you just phone up one of the millions of companys selling franchises in it and say, "can I have a franchise please".
Still cost though
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ed
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Registered: 10th Sep 03
User status: Offline
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Then he can't start up a business then. He should save up otherwise he may aswell have a bonfire in the garden with all of his money...
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Jodi_the_g
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Registered: 7th Aug 01
Location: Washington D.C
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Ahh i got you, I thought just ring up and they give you one.
My bad
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ed
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Registered: 10th Sep 03
User status: Offline
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Jodi_the_g
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Registered: 7th Aug 01
Location: Washington D.C
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though personal i think franchise are a rip off, chipsaway basic package is 22k
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Cosmo
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Registered: 29th Mar 01
Location: Im the real one!
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quote:
Originally posted by Jodi_the_g
though personal i think franchise are a rip off, chipsaway basic package is 22k
was going to say that, franchises always have a huge buy-in price, so its much easier to find the money to start something yourself than pay that cost!
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ed
Member
Registered: 10th Sep 03
User status: Offline
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... And then have to compete against a huge franchise business?
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gianluigi
Member
Registered: 9th Mar 05
Location: Ipswich, Suffolk
User status: Offline
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jodi, do you own your own firm?  (as in business) lol
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