How I secured £500,000 in funding
We interview BookingLive founder Vinnie Morgan to find out his thoughts on funding, expansion and how data can...Read More
My business card says:
Hair professional offering expertise.
I would describe myself in five words as:
Fair, committed, passionate about hairdressing.
I decided I wanted to run my own business when:
The opportunity came my way 18 years ago when I was working part-time as a self-employed hairdresser. This suited me as a mum with two young children. I’d previously spoken with my accountant about owning a business but it wasn’t on my immediate agenda. But when she found out this salon was up for sale she asked if I was interested. I had a look, thought why not and decided to go for it.
The hardest part of setting up my business was:
Finding the finance. My businesses partner – who’s also my other half – and I put in our savings but we also had to find a loan. That was really tough. We put our house up as collateral but that still didn’t guarantee us a loan as banks were dubious about lending. I think banks could do more for businesses: bank charges cripple us. We have to pay for every transaction.
I would tell other businesses to shop around and negotiate your banking regularly. Don’t stick with one bank for years. You might want to build up a relationship with a bank thinking goodwill goes a long way but it doesn’t – I’ve only met my bank manager once. Also, I could cut hair but I didn’t know about marketing the business or managing the team. I’ve had to educate myself.
My greatest business success is:
Being in business for 18 years and being successful year on year.
The key to being a successful small business owner is:
My top tip for entrepreneurs is:
You can get advice from business coaches and your local business community and I’ve always found most people are willing to help, but don’t forget to listen to your instincts.
My top money-saving tip is:
Shop around. For utilities, for insurance, for business banking. And check regularly to make sure you’re still getting the best deal.
The business headline I would most like to see is:
‘VAT rate cut to 15%.. VAT is a killer, especially having risen to 20%.
If I wasn’t answering these questions I would be:
Having lunch! It’s gone 5pm and I’m only just now getting to eat as it’s been so busy.
"Very easy. Bea Luseni very efficient & knowledgeable."This review was posted by Alan Duffy on the 31st of March 2017
Super helpful and easy to work with
"Recommend this company in a heartbeat - Nicole Borneuf was super easy to talk to, was not pushy in the slightest, very helpful and replied with all my questions very professionally and did all she could to help. I had to deal with a few companies to sort my business energy out, all but Nicole were too pushy for my liking and I refused to follow through with them. Thank Nicole - you are a credit to your company, thank you for making the stressful energy change so easy."This review was posted by Mia Drew on the 29th of March 2017
An Extremely Competent Company
"Switch my business has not only helped my SME secure a good energy deal for the second year running but Jessica swiftly found a alternative supplier for me when I was let down on the day of switching by the new contractual provider I had chosen some 4 months previously. Being suddenly out of contract and without provider is everyone's energy nightmare. Greatest thanks."This review was posted by S McMillan on the 29th of March 2017
Helpful, friendly and we saved lots of money!
"Jessica Purnell was helpful and friendly, she made the whole process easy and simple AND we saved lots of money thanks Jess"This review was posted by Melanie Baker on the 23rd of March 2017
Quick & Easy
"Kabibi was very helpful and the whole process was very efficient. The one small reservation I had was that I was phoned up by Kabibi almost immediately having received my online quote - which wasn't enough time for me to finish reading the quotes! Fortunately she was able to assist me in a greater savings on both Gas & Electricity, and so as long as the switchover is seamless I will remain very happy with the service."This review was posted by Amanda Brown on the 21st of March 2017