New advice service to help small businesses get up and running

HSBC has launched a service to help entrepreneurs get their new businesses off the ground.

‘Up and Running’ is a free, online information service giving access to invaluable advice and support from those who have successfully started their own businesses – all are HSBC Start-Up Stars finalists, and two are former winners. This service is available to anyone, both existing and non-HSBC customers.

Entrepreneurs can sign up at upandrunning.hsbc.co.uk where they can register to receive weekly email updates to help steer them through their start-up journey. Each email includes a series of easy-to-follow guides, providing invaluable advice on subjects ranging from market research and development strategy to writing a business plan and managing finances.

Simon Wainwright, head of business banking, commented: “Whether you want to find out how to turn an idea into a viable venture or simply need information about how to run your business more effectively, ‘Up and Running’ is there to provide support and advice. Drawing on the real experiences of people who, at one time or another, have been in your shoes, this service can help you make a real success of your business.”

Each email is themed around a specific business topic, kicking off with researching the market and evaluating the competition, before moving on to setting prices, marketing, buying, selling and how to choose a winning business name.

The next stage covers key logistical considerations such as premises, setting up an office, buying IT, employing staff and insuring the business. The last stage covers finance and development strategy, writing a successful business plan and, finally, launching the business.

HSBC Business Banking customers can then sign up to an additional advice service which focuses around the key areas to consider once the business is up and running, including sales strategy, creating a brand, cash flow and credit control, recruitment and managing employees.