By the start of 2003, London-based design consultancy d3o lab had patented d3o, an innovative shock-absorption material, and wanted to start manufacturing and selling the product. But founder Richard Palmer needed finance so he could fully exploit the opportunity. Here's how he did it.
When Peter Spivack and his three partners opened their restaurant, Rendezvous, in Wallasey Village, Merseyside in 2004, they knew sound cashflow management would be key to success during that crucial first year. As managing director, Peter assumed responsibility for cashflow management.
Sandeep Sud is a qualified solicitor who also runs a school uniform business based in Hounslow, in partnership with his parents. The company, which has four full-time employees, uses its balance sheet to gauge how the business is progressing. It's also been a key factor in securing a bank loan for the improvement and expansion of the company premises.
Gideon Kasfiner launched First Luggage, a door-to-door luggage collection and delivery service, in 2004. The business now employs nine people and turns over £2 million a year. Here Gideon explains how financial planning has helped him grow his business in a controlled way.
The government says that entrepreneurial spirit will lift the country from recession. Skegness entrepreneur Adam Read agrees - and is building a successful company. He has assisted by the First Enterprise Business Agency (FEBA) which has given him a business loan, as well as advice and support. East Midlands based, FEBA is a leading business support organisation established to assist pre-start and existing business owners throughout the region.
A video gaming champion has proved she is no novice after receiving a business loan to develop a computer game training company. Kathy Zablotzky, 54, from Gainsborough, runs the Professional Gamer Training Academy (PGTA), which offers gamers online access to expert advice and lessons from experienced gaming instructors.