Credit crunch week launched for small businesses

| April 14, 2008
”Credit

The ongoing credit crunch has affected many businesses with some entering administration. With this in mind, the National Federation of Enterprise Agencies is taking action by inviting small firms to attend a week of seminars and workshops to give practical advice.

Small business owners will be able to learn how to weather the storm and handle their business effectively whatever the future brings.

The workshops will run from 28 April to 2 May and provides one-on-one independent financial advice. Those considering setting up their own business are also invited.

George Derbyshire, NFEA chief executive, said we are not criticising the Government or the banks or big business but we know from talking to small businesses that they are worried about what they are reading and hearing.

We know that many entrepreneurs, particularly those who have started businesses in recent years, have not had the experience of managing their business through a downturn, added Mr Derbyshire.

The NFEA has 133 members who are represented in 200 locations, In 2007, the organisation conducted more than 140,000 counselling sessions, helped in excess of 100,000 businesses and supported over 20,000 known start-ups.

The seminars will be held across the UK and further details are available on the NFEA website www.nfea.com.

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