- Jul 16, 2007
- Reaction score
- BRACKNELL BERKSHIRE
For all those who think my accountant is a joker, please bear in mind, he is not being paid he is doing this because he is a family friend. Me! He is hugely successful and from what i hear from one of his accountants he got somewhere in the region of 20,000 just for a business plan. This is what he'll be doing for me for free, I will be putting in ten grand of my own money and my accountant is looking at obtaining somewhere in the region of 75-90 grand. He will not be making anything off this he is just trying to help me get started on my own feet.
I didn't just wake up one day and decide I wanted to open a salon, but my accountant has always said if I come up with a business idea he would help me set it up. Now I have done some market research and decided that the health and beauty trade is one of the most successful and constantly rising services. Now I have run pubs and bars all my life, so I am never going to be comfortable with opening up an office, I would need to open up a business were there is a personable factor as I'm a total people person. Now I had a very simple idea beauty related, and I sat done with my accountant and I explained my idea to him and eventually that simple idea evolved to this complicated one. As far as training goes, I'm not going to be doing the courses cheaply and quickly just to fit them in!!! I dont expect to be fully qualified within a year, please I'm not that ridculous. I just want to at least start on the basics and definately do health and safety so as when I employ people I'm in a good position to know whether they are following good procedures or not. Once I'm actually in business I am planning to learn part time as my partner will be helping me run the place, I can leave him to run the place while I go off and study, yes I know it takes long but it is possible.
Yes there is a government loan called a small business loan that is given by the government. Well it is directly paid by the bank with a twenty five percent risk, for example, the bank give me 100,000, the government will definately pay back the bank 75,000 so they only risk 25, 000. Easy as that, it all depends on the business plan and believe me my guy is good!! Many peolple dont know about this loan the same reason why they dont know about many things to do with the government. IF YOU DONT ASK THEY WONT TELL YOU!
Now to those of you who put my idea down, please I came on here to get constuctive advice or critism, if you think I'm gonna fail and its a bad idea, what do you care?
of course we are not putting u down , the geeks on here know there stuff and were just giving u honest advice . it just seems a bit strange to ask the banks and government for money for a business plan considerin u know nothing about the beauty field. i even asked the princes trust for some money to help with my training costs and they said no as i hadnt been training or had any beauty training at the time i applyed.
of course we wish u luck in ur venture but we dont want to be saying i told u so in a years time .
good luck to u and ur accountant