Wednesday 12 November 2008

Barclays

How does Barclays help with small businesses start-ups? I have found some information thourghout its website.

They offer instructions for entrpreneurs to follow, step by step. Firstly, we have the idea that they can help us to turn it into working business, which by ordering a free guide can therefore enable us get lots of information from the experts. Secondly, be sure with the idea and the market research must be done carefully; for instance, we have to be clear with how does it work, how long can it lasts for, also be aware of any competitors in the market. Then the instructions take us to the final step, which is to build up our plan; the most important thing is to make sure how much money we are going to need in the business.
Not only the 3-step instructions, also there's a start-up packages which help people to get to know what kind of account is suitable for them. There are 3 types,
  • Barclays Business start-up package
  • Barclays Business Essentials Packages (from £17.50 + VAT per month depending on option chosen)
  • Barclays Business Manager Package (from £23 + VAT per month depending on extra options and service level chosen)

A table shows all the details about what it is involved in each package; for example, they all have flexible banking, Extra advice and support from local experts...etc. But what the Essentials and Manager package have but the Start-up dont have is something to do with ICT, which for instance the cashflow management software, Business and software skills training courses and videos and so whatever.

On the other hand, there are resources enable people to know where can they get helps from. Such as Patent Office, The Association of Chartered Certified Accountants, HM Revenue & Customs (HMRC)...etc. For the last one, it provide information on income tax, capital allowance, National Insurance, customs and excise duty and VAT.

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