If you are aged between 18-30 and would like to start your own business but don't have the financial resources, or are currently unemployed, then I'd recommend getting in touch with the Princes Youth Business Trust. (PYBT).
The trust not only provides finance (in the form of loans, grants or a combination of both) for successful applicants, but also provides free training and advice on how to take your idea and develop it into a workable, profitable business. The point of which is designing your own business plan which will form the basis of your proposal to the PYBT, or local banks for funding (if you apply for it). Furthermore, once you start in business you are given the help of an advisor who will be able to offer their help and experience during the first year of trading.
Your local jobcentre, or business link, will be able to give you any contact details for the PYBT in your area. Or you can read about it and find details out on this link : ??????????????????
The reason I've posted this is simply I know that it works. When I graduated, I had an idea for a business, but being an impoverished ex-student, I didn't have the financial support or business know-how to take things further. It was only from an interview at the local job centre that I was put in touch with the PYBT and after developing a business plan, attending seminars & interviews, I received funding in the form of a grant and loan to help me start up. 14 years later, I'm still in business.
I'm not sure how relevant this may be to site members, but I thought it may come in useful for someone at some time.
If you have any questions about the PYBT process, feel free to ask me, my memory is a little sketchy as it was 14 years ago and I don't know if the process has changed since then, but I will give you any information or advice I can about it.
The trust not only provides finance (in the form of loans, grants or a combination of both) for successful applicants, but also provides free training and advice on how to take your idea and develop it into a workable, profitable business. The point of which is designing your own business plan which will form the basis of your proposal to the PYBT, or local banks for funding (if you apply for it). Furthermore, once you start in business you are given the help of an advisor who will be able to offer their help and experience during the first year of trading.
Your local jobcentre, or business link, will be able to give you any contact details for the PYBT in your area. Or you can read about it and find details out on this link : ??????????????????
The reason I've posted this is simply I know that it works. When I graduated, I had an idea for a business, but being an impoverished ex-student, I didn't have the financial support or business know-how to take things further. It was only from an interview at the local job centre that I was put in touch with the PYBT and after developing a business plan, attending seminars & interviews, I received funding in the form of a grant and loan to help me start up. 14 years later, I'm still in business.
I'm not sure how relevant this may be to site members, but I thought it may come in useful for someone at some time.
If you have any questions about the PYBT process, feel free to ask me, my memory is a little sketchy as it was 14 years ago and I don't know if the process has changed since then, but I will give you any information or advice I can about it.