Starting a business can be difficult but, even so, of the 56% of UK adults in employment, 18% choose to be self employed - RBS Enterprise Tracker in Association with The Centre for Entrepreneurs Quarter 3, 2014 - demonstrating that running your own business is already an attractive choice and one that is becoming increasingly popular. For those thinking about joining the existing 4.9 million UK SMEs there is a wealth of support and advice available. From local libraries, community groups and enterprise agencies to local and national Government bodies, there are plenty of resources out there for start-ups. There are also lots of large corporate organisations offering guidance, mentoring, advice and grant funding but, if you are beyond the start-up phase, what is out there for more established businesses?
Being an established SME means that some support opportunities will not be available or appropriate but the next steps will depend on the ambitions and aspirations of the individual business owner.
There may come a time when a business needs to access finance, become ‘investment ready’, or even start trading internationally. Access to the right connections, partnerships and tools are important at all stages of business but can be crucial to support the development and next steps for your business.
How we can help
RBS and NatWest have created a range of tools and partnered with a number of organisations to help businesses continue to grow and trade successfully.
Bizcrowd is a free online business community that connects you with other businesses, offering a potential one-stop-shop for your needs. All you need to do is tell Bizcrowd what you are looking for and let it do the searching for you. Find out more about Bizcrowd.
Working Capital Optimiser - Cash is king in business and by maximising your cash and making every penny work, small changes can have a big impact on the efficiency of your business.This tool not only improves your working capital ability and debt servicing, but gives transparency to how banks calculate working capital and cash generation. Find out more about Working Capital Optimiser.
Growth Accelerator is a tailored service that RBS/NatWest partners with UK Government and private enterprise on to help unlock a business’ potential to grow. By providing business development coaches, mentoring advice and experts to work with the business to develop and improve potential access to finance and other areas, businesses with genuine potential for rapid and sustainable growth can benefit from Growth Accelerator. Find out more about the Growth Accelerator.
Business Academies are run to support the development and growth of the business through interactive seminar sessions, advice from a variety of national support groups and networking sessions. Held in a variety of non-bank locations, they facilitate connections between businesses and support groups. Find out more about our Business Academies.
Click here to find out more about Small Business Advice Week 1st - 7th September.
We have a team of Business Specialists to support new and existing businesses. They will help in all aspects of setting up your business banking and offer advice on a wide range of business needs you may have. To arrange an appointment with one of our Specialists please speak to Businessline on NatWest: (0345) 7114477 or RBS: (0345) 6002230.