Business Banking - Do your homework
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Doing your homework

  

Circle of booksBe clear about your goals

Most people have a goal in mind when they decide to start their own business. And it’s often that goal that gets them through the set-up phase. Here are some thoughts to help you pinpoint the catalyst for your future success:

  • To make money
  • To be my own boss
  • To satisfy my personal ambition
  • To spend more time with my children
  • To do something I love
  • To share my great idea with the world
  • To work from home.

Make sure you record your goal so you stay focused, and review it regularly. If you feel it needs to change, then change it.

Know your strengths – and weaknesses

There’s no single list of attributes that people must have in order to succeed in their own business. Equally it’s sensible to recognise any weaknesses you may have so that they don’t get in the way of success.

Test yourself against the statements below, and ask your friends and family to do the same. If the answer is NO to some that may be important to your business, try to work on them.

I have a talent and ability to make decisions YES/NO
I’m passionate about my ideas and love what I do YES/NO
I work hard and can work much harder YES/NO
I’m good with people and can motivate them YES/NO
I have good ideas and know how to make them work YES/NO
I listen to other people’s opinions YES/NO
I understand and I’m careful about risks YES/NO
I’m not a worrier and cope with stress YES/NO
My family and friends think this is a good idea YES/NO
I’m able to plan and adapt when necessary YES/NO
I have a clear view of what I want and where I’m going YES/NO

Find out more about making your idea work, go to Doing your research


 


 
 

Get in Touch
   

Thinking of starting a business or switching to Barclays? Make an appointment with a Local Business Manager now.
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Call 0845 601 0106

 
     
Let's Talk Business Ideas
 
   

Find out if your idea is workable and whether running your own business is right for you at our free Let's Talk Business Ideas seminar.

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Starting a business
We offer a number of services for starting a business, including information and support to help you achieve your goals and set you on the right path.

Business insurance
We offer easy and affordable business insurance for a variety of business requirements, and can tailor make a policy just for you, so you get just what you need.

Business loans
We’ve got a great flexible business loan for general business needs, with repayments to suit your business needs.

Business current accounts
For all the day-in, day-out stuff like making and receiving payments, you can rely on your business current account for a flexible and secure service.

Business overdrafts
Many businesses need them, so many businesses have them. When your cash levels dip a little low, a business overdraft could help you through until the cash comes in again (subject to application and status).

Online business banking
Manage your day-to-day banking from your PC day or night: check your balance, apply for a loan or overdraft, pay bills and suppliers, and move money between accounts.

 

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