Building Business Resilience Help
For small business owners, rising costs can be a real challenge. It’s easy to get overwhelmed trying to keep a business afloat in an uncertain economy of high inflation and potential recession.
The new Guide to Building Business Resilience from the British Business Bank contains impartial, practical, and actionable information. There is lots of support to help smaller businesses manage their costs, boost their long-term profitability. All of this may help increase the resilience of smaller businesses.
There’s guidance on everything from energy efficiency to controlling staff overheads to help smaller business owners build a foundation for both resilience and innovation to help protect their business. Other areas covered in the guide include:
- foundations for growth
- managing business costs
- securing funds and controlling debt
- focusing on customers
- optimising your supply chain
- investing in technology
It’s crucial for businesses to have access to not only financial support, but the necessary impartial information to help them through survival and onto recovery. The arrival of the British Business Bank’s Business Resilience Guide was timely and allowed us to signpost key information to our existing and potential business customers and give them a resource to help overcome pressures and challenges that they faced
Paul Marston, CEO, The FSE Group
How can we help
Through our membership of Enterprise NI we are delighted to be able to offer start up clients access to the Start Up Loan Fund from British Business Bank. To be eligible for the scheme, your business must be a start up or within its first 36 months of trading.
When you’re trying to start a business, finance can be the key to getting your idea off the ground.
That’s why the British Business Bank, through its partner the Start Up Loans Company, is providing loans of up to £25,000 – as well as mentoring and advice – to make sure budding businesses get the best start in life.
What is a Start Up Loan?
A Start Up Loan isn’t a business loan, but an unsecured personal loan. Alongside the funding, you’ll get free support and guidance to help write your business plan, and up to 12 months of free mentoring if your application is successful.
For further details click through