Starting A Business - Help and Support
- Created by: Georgia Vyse
- Created on: 27-03-14 11:04
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- Starting A Business - Help and Support
- Government
- Reduces amount of state benfits they have to pay out.
- The government receives more tax when business makes profit.
- Provide funds for Business Link - provides advice for new business.
- New firms can have bank loans underwritten by government. They pay it for them if business fails.
- Private firms
- Banks - Financial , advice , sometimes give supplier contacts or potential customers.
- Why? Because they get the firm to open an account with them and reduce chance of failure so they get money back.
- Some firms exist to provide management services - Charge for services but offer for free to new sometimes in the hope theyll pay back when succesful
- Banks - Financial , advice , sometimes give supplier contacts or potential customers.
- Charities
- Believes its good for society to have new firms
- Most common is Princes Trust. Gives advice grants and low interest loans.
- Chamber of comerces
- Group of business people , look after local businesses
- Proviude help and support
- Government
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