Category Archives: Small Business Crediting

The Co-operative And Care International Launch Innovative Three-Year Partnership To Support Female Entrepreneurs In The Developing World

The Co-operative and CARE International UK today have officially launched an innovative three-year partnership, which will see £1.5m channelled to support entrepreneurs in the developing world by the end of next year – the majority of whom will be women.

The innovative scheme, called lendwithcare.org, encourages people in the UK to lend relatively small amounts to small scale entrepreneurs running their own enterprise in developing countries. As opposed to making a one-off donation, people are encouraged to lend money to the entrepreneurs who repay the lender using the income from their growing business. Once repaid, the lender can then choose to recycle the loan to support another entrepreneur or withdraw the money.

The Co-operative and CARE International UK have set the ambitious target of leveraging £1.5m of loans by the end of 2012.

Dragon’s Den panellist and entrepreneur Deborah Meaden is a lendwithcare.org ambassador who travelled to Cambodia in March 2011, to see firsthand how lendwithcare.org is helping people work their way out of poverty.

Deborah said: “I believe that providing the opportunity and framework for people to help themselves is the only sustainable way forward, and I saw this very clearly on my trip to Cambodia. The people there are willing to work to repair their lives; they just need even the smallest of leg-ups to get them started. It’s great news that The Co-operative is working with CARE International to support lendwithcare.org.”

Paul Monaghan, Head of Social Goals at The Co-operative said: “As a co-operative we believe in helping people to trade their way out of poverty. In the same way we pioneered Fairtrade, our support for lendwithcare.org will hopefully lead the way in helping to turn entrepreneurs’ plans into life-changing opportunities.

Via EPR Network
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Barclays Local Business report workplace “dreamers” of today make tomorrow’s entrepreneurs

Barclays Local Business research reveals untapped potential of today’s workforce. Workers caught staring into space at their desk or ‘away with the fairies’ during business meetings are a mass of untapped, entrepreneurial talent, according to research from Barclays Local Business.

The latest survey by Barclays Local Business reveals how employees showing signs of distraction are likely to get out and start their own business, as nearly half of today’s UK business bosses (44 per cent) admit to having plotted their entrepreneurial future whilst daydreaming in the work place of a previous employer.

Although an increasing number of bosses are paranoid about employees wasting time at work on social networking sites like Facebook, it appears they cannot stop employees from dreaming of a more productive and satisfying future in their working life.

John Davis, marketing director for Barclays Local Business said: “This survey highlights what many bosses have probably suspected for a long time – that for some employees, their current job is the last thing on their mind when they are at work. However, whilst they may be wasting their employer’s time they are not necessarily being idle; as they are planning for their own future. For budding entrepreneurs, the routine of their day-job can spark dreams of going onto bigger and better things.”

These dreamers turned entrepreneurs clearly know the value of downtime with only eight per cent interrupting their holidays to come up with a killer small business idea. Similarly, just six per cent were prepared to think about being their own boss in between pints down the pub. It’s also no surprise then that the survey also reveals that almost 40 per cent of UK business bosses view plain old common sense as the winning ingredient for ongoing success.

Davis added: “For employers there is nothing more frustrating than letting untapped talent slip through the net as staff showing entrepreneurial signs provide huge benefits and help small, medium or larger companies grow. Perhaps it will serve as a warning to any boss that they shouldn’t take their eye off the ball when it comes to keeping their staff interested and engaged and developing their people.”

The survey also uncovers the concerns keeping aspiring entrepreneurs awake at night; just under 40 per cent admit to feeling nervous about giving up the financial stability of a full time job, while nearly one in five (19 per cent) worry about getting into debt. Added pressure on their home life was also a worry for six per cent.

About Barclays Local Business
Barclays Local Business provide services and a comprehensive range of tailored business banking products to more than 600,000 businesses typically with a turn over less than £1 million.

Barclays Local Business supports businesses with:
– Named business manager, locally based allocated to the clients business. 1,600 Local Business Managers in 600 locations

– Barclays Trading Places’ Awards, recognising people who have overcome adversity to set up in business

– Give start-ups standard banking transactions free for up to 18 months. Wide range of free advice and information -Starting & Running Your Business CD-ROM; consultations with a panel of legal, accountancy & marketing experts; Business Opportunity Profiles & Business Information Factsheets; Legal & tax helpline

– Free ‘Mindleaders‘ online business skills training worth £1,000 and award winning software packages that will help save businesses time and money

– Individual solutions that offer support outside of the usual banking services e.g. unique award winning software packages that will help save businesses time and money

– The ability to speak to a qualified business Manager – out of hours or when their local business manager is engaged with customers. Flexibility to bank when and how they want – online and telephone banking and a full counter service at 1600 branches nationwide.

Figures taken from research carried out by YouGov on behalf of Barclays Local Business Banking. Total sample size was 2427 SME owner-managers from across the UK. Fieldwork was undertaken between 11-17 May 2007. The survey was carried out online. The figures have not been weighted.

Via EPR Network
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Welcome to EPR Small Business News

EPR Small Business News is a new blog, part of EPR Network, that is going to be focused on and will be covering the small business and stories from press releases published on EPR Network.

EPR Network (EPR stands for express press release) is one of the nation’s largest press release distribution networks on Web. The EPR’s nationwide network includes 12 State based PR sites, one major PR forum and a number of industry specific PR blogs and what started as a hobby on Internet years ago turned out to be a rapidly growing business today. EPR Network is also known as one of the most trusted (human optimized, published, edited and monitored, spam/scam/low quality PR content free) PR sites on the web with more than 10,000 company and individual press releases distributed per month. EPR Network is putting your press releases on top of all major search engines’ results and is reaching thousands of individuals, companies, PR specialists, media professionals, bloggers and journalists every day.

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