Friday, 30 March 2012

BANK MEETING

So we went to HSBC because after some light research we discovered this would be the best bank to set up with as they have a team of advisors that help with small business ventures. Our meeting probably didnt go aswel as it could have, doing it again we probably should have been more prepared. We discussed everything from the business plan, 1year, 3year and 5year plans, revenue, initial ideas, longterm ideas etc. Had we had known we were going to go into such detail about every aspect we could of had more information prepared, regardless of our lack of experience and preparation in this area i think the meeting was somewhat successful, our advisor Simon has agreed to allow us a business account, with cards issued to the 3 of us for independent use. we plan to put equal amounts of money in this account and only use it for purchases relevant to the business, just so we are all aware of whats being spent and where our money is going.

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