Anybody that has started their own business will understand the importance of forming a strong business plan.
It’s more than a document; it’s a guide that can help you keep on track when the unexpected happens and one that can be altered at different stages, to ensure you take the unexpected into account moving forward.
That’s why producing – or developing – a business plan is a key part of the application process for anybody wishing to take out an interest-free business loan from The Sir Thomas White Loan Charity.
With the loans we provide being so unique – we want to ensure that the investment provided is to a start-up or young business that has a clear direction, or to a prospective business owner that has done the research and planning to back up their concept. But it goes way beyond us.
A business plan enables YOU to evaluate where you are in terms of starting a business. It allows YOU to be able to see where your strengths and weaknesses are. It enables YOU to be able to set realistic goals.
The Sir Thomas White Loan Charity is pleased to reveal that a total of £114,560 has been approved in interest-free loans in December 2018, which will be used to establish or develop four businesses within the county and allow a further eight individuals the opportunity to study for postgraduate qualifications.
Among the business ventures to benefit from the interest-free loans provided by The Sir Thomas White Loan Charity are a personal trainer, a fashion brand designer and a creative business.
Meanwhile, students successfully accessing an education loan from the Charity will now go on to study in the fields of audio production, law, and training to become an associate physician.
Passion, hard work and determination – three attributes that are unquestionably key to succeeding in any chosen field. However, the measure of those attributes is something that can often go unseen by anybody other than the person embarking on their individual journey.
In the case of Sir Thomas White Loan Charity education loan borrower Denisa Gannon, the level of passion, hard work and unrivalled determination required to succeed arguably exceeds that of others.
Originally from the Czech Republic, Denisa has Roma origins, with Roma an ethnic minority in her home country. Despite having been able to benefit from education not usually afforded to Roma children in the Czech Republic, employment opportunities weren’t available to a Roma single parent and led to Denisa moving to the United Kingdom in 2006.
The Sir Thomas White Loan Charity (STW) hosted its first-ever event for aspiring business owners at Friars Mill on Wednesday 31 October, forming part of the 2018 Leicester Business Festival.
‘Challenges and Triumphs of Business Start-Up’ allowed delegates to hear first-hand accounts of the journey experienced by two young business owners within Leicester, in addition to accessing insightful information regarding business planning, creating a financial forecast and the interest-free financial support available through The Sir Thomas White Loan Charity.
Speaking at the event were business loan borrowers and STW ambassadors, Hannah Myatt – owner of Skytribe Dance Studio, and Lee Tomes, who owns Orange Fox Productions.
Knowledge and experience; two beneficial factors when starting your own business and assets that Shiraz Sidat possessed ahead of establishing his company, Speedel.
A Sameday business critical delivery service, Speedel provides bespoke solutions for its client base on a 24-7, 365-day-a-year basis. With the help of an interest-free loan from The Sir Thomas White Loan Charity, Shiraz was able to get Speedel off the ground and is now keen to share his experiences of starting a business with fellow aspiring entrepreneurs.
The 31-year-old, from North Evington, is to be one of the key speakers at The Sir Thomas White Loan Charity’s forthcoming Leicester Business Festival event, entitled Challenges and Triumphs of Business Start-Up, providing insight into his personal challenges.
Whilst many will pinpoint achieving a perfect work/life balance as a key reason behind becoming self-employed, there’s another common reason why many look to become their own boss; to do something they’re passionate about for a living.
That was exactly the reason why Léna Walker got in touch with The Sir Thomas White Loan Charity – to allow her the chance to produce something that she has been passionate about since she was a child. Music.
Fast forward four years, and Léna, who performs under the stage name Leyley, has released one album and, having been spotted by an international producer, has recorded new music as part of a group, Kimi’s Paradise.
Join The Sir Thomas White Loan Charity for an event not to be missed for any young or aspiring business owner in Leicestershire.
Forming part of the 2018 Leicester Business Festival, the event – Challenges and Triumphs of Business Start-Up – takes place at Friars Mill from 9.30am on Wednesday 31 October 2018 and is completely FREE OF CHARGE to attend.
The three-hour long event is perfect for those aged between 18 and 34 who want to start, or have recently started, their own business.
Those in attendance will hear first-hand from young businesses who have experienced the challenges and triumphs of starting a business within Leicestershire, making the leap as a young person to become self-employed.
The Sir Thomas White Loan Charity is delighted to announce that a total of £121,283 has been approved in interest-free business and education loans following the latest round of interviews with applicants.
One of Leicestershire’s oldest charities, The Sir Thomas White Loan Charity provides interest-free loans to people aged between 18 and 35 within Leicester, Leicestershire and Rutland. Prospective borrowers may access up to £20,000 in order to establish or develop a business within the county (provided they live in Leicestershire and the business will also be run in the county), or £10,000 to fund postgraduate study anywhere in or out of the United Kingdom – again, provided the applicant has lived in the county for three years or more.
Of the total approved in September 2018, £81,283 will be used to establish five businesses locally, including a fitness and wellbeing studio, courier service and domiciliary care provider.
Meanwhile, a further £40,000 has been approved in the form of education loans, which will aid postgraduate study in the fields of poetry, international relations theory and finance.
Ahead of The Sir Thomas White Loan Charity’s next round of interviews, which take place in November; applications are being welcomed and can be submitted ahead of the next application deadline, which is Monday 1 October.
For more information on business loans, please visit www.stwcharity.co.uk/business-loans or www.stwcharity.co.uk/education-loans for details on education loans.
With an innovative idea, a strong knowledge of the subject matter and the drive to make it happen, Simon Long had everything in place to make his start-up succeed.
With the help of an interest-free business loan from The Sir Thomas White Loan Charity, funding wasn’t a problem either.
However, when his initial business partner’s abrupt departure from the project left him needing to start from scratch, Simon’s passion and determination was put to the test; a test that with perseverance and desire, he passed with flying colours.
Sat on Rio de Janeiro’s beautiful Copacabana beach during a gap year in South America, whilst taking in the stunning scenery that southern Brazil has to offer, James Wormington couldn’t help but think how magical experiences like these are often better when shared.
With that thought came an idea; a brainwave which not only grew legs, but began running, taking James on another adventure: into the world of business.
With a detailed plan in place and funding secured from The Sir Thomas White Loan Charity’s interest-free business loan, which is available to the value of £20,000, James was able to establish Travamigos – an app that allows solo travellers to connect with groups of likeminded adventurers heading for the same destination; making travel simple, safe and enjoyable for all.