Business tips for entrepreneurs

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A Mansfield firm is giving young entrepreneurs the chance to get involved in free advice surgeries to help them get their ideas off the ground.

McGregors Corporate will be holding free financial advice and business start-up tips to students at West Nottinghamshire College.

The firm of chartered accountants were the latest company to sign up to the college’s enterprise scheme, Vision Entrepreneur. The link-up will see the firm, based at the i2 Centre on Oakham Business Park, provide monthly advice surgeries and one-to-one mentoring for people wanting to get their enterprising ideas off the ground.

Chris Holder, managing director of McGregors Corporate, said: “In order for Mansfield and Ashfield to grow its economy, we need to encourage more young people to develop the skills to launch and successfully run their own businesses.

“Supporting those with ideas that could turn into a profitable business venture will not only help reduce youth unemployment, it will also benefit the community and local economy by creating more employment opportunities in the area.”

Aimed primarily at prospective sole traders and those wishing to launch a small business, the finance and accountancy sessions will cover topics such as book-keeping, invoicing, cash flow, overheads, profit margins, paying staff, registering for VAT and types of business formation.

The surgeries will be held on a drop-in basis while the individual coaching will be through referral by the college. Starting in the New Year, they will take place at the enterprise hub at the college’s Derby Road campus in Mansfield.

Cate Hunt, enterprise and employability manager at the college, said: “We’re delighted to welcome McGregors Corporate to our Vision Entrepreneur programme. We both share a passion for nurturing the job-creators of tomorrow and this partnership strengthens our package of support.”