Localfund.com - All about Fund and Investment
*Home>>>Investment Manager

I run a business projecting 拢250000 turnover this year. Are we below or over the average in the uk?


I started a business from my bedroom just over 2 years ago. I have now 2 employees and rent a building as my business office. We project to post 拢250000 turnover this year and 1 million within 3 years. What's the average turnover in the UK? Are we below or over the average? For this kind of turnover, what shall we expect from our bank in terms of overdraft and loans. We have multiplied our turnover by 5 times in the last 4 months and we need now to make a substancial investment. Our bank manager won't even give me a business overdraft and this means my business credit scoring is being affected as expenditure has increased exponencially and I have gone overdraft a few times. The worst thing is that there have been 2 cheques returned because there were no funds when they came through. An overdraft would eliminate this issue and also give us flexibility. Am I asking for too much? How should I approach this situation?

LMAO..I dont get out of bed for less than 50 k a day...Ure so passe my friend...

There will be a flaw in your business plan that the bank manager sees - if he believed that the business was a secure venture that was going to meet what it said it projected, he would invest. Go over your business plan, look at the figures again, try to find out why it is, your bank manager doesn't believe its a good idea to invest in you.

I can see why hes concerned to be honest. Your projecting profits that seem good, but then having things happen which say something very different.

p.s. If you want average turnovers, businesses in the top of your particular field, region, - first of all what is your business?
And no dis respect intended, but that is something that I would have thought a serious business would have done in the early stages, sizing up competition, researching your competitiors and their turnovers. To see the standard in your particular field, and improving it.

some individuals earn that amount

Tags
  Investment Plan   Investment Performance   Investment Options   Investment Opportunity   Investment Manager   Investment Management   Investment Information   Investment Group   Investment Firms
Related information
  • If you are a land lord and you do this will you have a chance at being be sucsessful? see below for details?

    You will be a big success!! Get on it!

    ...
  • This is a question pertaining to the Rs 1,00,000 tax exemption limit for salaried class.?

    answer of my life is correct . premium paid to vehical and proporty will not get examption. premium paid for personal accidental policy will eligible for examption in addition to the above. ...

  • Should I quit my job or what?

    you need to think about what you are doing. you paid for real estate classes? you realize this is not the time to get into real estate, don't you? experts say the bottom of this drop in prope...

  • Mindblowing opportunity, in which V r making money sorry minting would u like to?mail me飪?b.gbusi1atgmail.com

    join me also in that

    ...
  • Migrating and find a job, any type.?

    Here is a great online job and it is totally free: ...

  • Deer Valley Lodge, a ski resort in the Wasatch Mountains of Utah, has plans to eventually add five new chairli

    factor in risks, interest rates for the needed borrowing (cost of capital), opportunity loss costs (what else could you do with the money)

    ...
  • Need help with very hard math problem?

    This wouldn't be homework, would it?

    ...
  • I just graduated from college with a finance degree?

    This is what companies are looking for: Because securities and commodities sales agents must be knowledgeable about economic conditions and trends, a college education is important, especially i...

  •  

    Categories--Copyright/IP Policy--Contact Webmaster