Monthly Archives: August 2021

Why every entrepreneur needs their own mentor

By Mark Wright on Small Business – Advice and Ideas for UK Small Businesses and SMEs

The internet is awash with help and advice for business owners. With all this information at your fingertips, is it worth having a dedicated mentor? The short answer is yes, without a doubt.

For me, the ultimate Apprentice prize was the opportunity to receive the 1-2-1 guidance and mentorship from Lord Sugar and his wealth of experience that came with it. Working in the same office as him for the first three years of my company taught me so many invaluable lessons that couldn’t simply be gleaned from reading a book.

In the business world, the power of a good mentor is a known fact, and the statistics back this up. CNBC reported that 91 per cent of workers with a mentor are satisfied in their jobs, while SCORE found that 30 per cent of entrepreneurs reported increased growth in their business after just one interaction with a mentor, rising to 43 per cent with five or more interactions.

With the likes of Bill Gates receiving mentorship from Warren Buffet, or Mark Zuckerberg from Steve Jobs, it’s clear to see there’s direct link between solid mentoring and high

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Opening a business bank account in the UK: How-to and best accounts

By Ben Lobel on Small Business – Advice and Ideas for UK Small Businesses and SMEs

Compare Business Bank Account Deals
Compare the UK’s top business bank accounts from the high street to the alternatives
1. What type of business bank account are you interested in?

New Business / Startup Account

Switching Bank Account

Account With No Credit Checks

Unsure (Show me everything)

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Choosing the right kind of banking service is a major opportunity to get your business basics right from the beginning. While it may be inconvenient to maintain a separate account for both your personal and business activities, it is good practice to do so to keep your accounts clean. Here, we’ll look at how to go about opening a business bank account in the UK and what options are

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