Enterprise Nation

Last week we visited Matthew Scott on day one of his home business. He’s happily through his first week, still smiling, and back to tell us about a major milestone. All part of the life and times of a home business start-up. 

Week 2, Day 1

Approached a couple of banks to set up my business account and to establish what was possible in terms of borrowing.

With one of the banks, they refused to even meet and have a chat without me sending them life contracts with clients, details of every last interaction with anything vaguely finance related, oh, and the spare house keys (just as precaution you understand.. the ‘credit crunch’ Mr. Scott)

Right now I’m thinking for generations to come, children will be hurried off to bed for fear of the deadly ‘credit crunch’  !!

Met with bank number two - Knew my name when I entered the building, spent an hour and a half with the Commercial Manager, talking about weather, sport, people we knew…

When it came to the business plan and financials, I found myself straining at the very mention of risk or the banks ‘position’… but the dreaded CC monster never came.

Nearly lunchtime, I’m standing outside the bank, deal done. Account on the way, borrowings enabled, unsecured… what just happened?

A human being, intelligent, experienced and open-minded met a start-up business owner, understood the business plan, saw the value in the offering, and was prepared to give him a shot…

Faith in humanity restored, I returned to the home office and thought ‘either there are people out there who are not getting carried away by the current economic climate, or I’ve just been ‘done over’ by the Credit Crunch in ‘disguise’

(checking my back pocket for house keys…)

• Matthew Scott
• Read about Matthew's first day here: The Diary of a Young Man as a First Day Start-Up