Sources of Advice

Starting up a business has many challenges, thankfully there are many sources of help and advice available for small businesses.  A great deal of advice is available on-line. In addition, many organisations exist that provide support to new and developing businesses.  Here are some examples.

Bank

A bank will give financial advice, e.g., on how to manage money coming in and going out of your business.  Many banks may provide help with creating/editing a business plan.

Enterprise Agency

Business Gateway offers free business advice and support service through local advisers.  They offer training courses for people wanting to set up a new business and give advice on such things as preparing a business plan.

Lawyer

A lawyer will provide legal advice to keep you on the right side of business law.  They will often charge for their time, so this can be an expensive options, especially for a sole trader.

Chambers of Commerce

A local chambers of commerce – an organisation set up to help business people network (make contact with other business people who may support them).  It will also offer advice on how your business can become more competitive and successful.

Entrepreneurs

Other entrepreneurs may give advice on which suppliers to choose or what mistakes to avoid.

The Prince’s Trust

The Prince’s Trust provides practical and financial support for young people (18-30) setting up in business.  It will assist them with producing a business plan, give advice on applying for grants and will also provide grants if certain criteria are met.