• Starting a business

    We understand the challenges of starting up a new business. We've brought together a wealth of practical guidance and comprehensive guides to help you plan ahead and get off to the right start.

    What you need to know

    Is self-employment right for me? Before you start working for yourself, it’s a good idea to consider all the implications of being self-employed, including; the pros and cons, the personal qualities and business skills you need and how to protect your family life.

    Starting up your own business. When you take the time to plan and prepare your business before starting up, you boost your chances of success. We’ll take you through; the first stages of planning, organising your finances, important bodies to contact and how to make an impact in your sector.

    Understanding your market. It’s essential to get understand what your customers want – and what the competition offers. We cover; why market research is important, different types of market research and how to improve your market awareness.

    Business plan. You’ll find it helpful to put together a business plan to plot the future of your business – from where you are now, to where you want to be in the future, and how you intend to get there. We take you through; how a business plan helps you plan, important things to include and the basics of writing your plan.

    The legal considerations. By understanding, from the outset, the laws that may affect your business, you can save time and money in the long run. We look at the legal basics you’ll need to; set up your business, name your business and run your business.

    Finding the right property. The right premises are often a vital part of a successful business. We help you look at the key issues including; finding a property that suits your needs (what to look for), buying versus leasing and the legal essentials and surveys.

    Ten steps to start-up success. Take the time to plan and prepare, and your business will be more likely to succeed. Our ten simple steps include; doing your groundwork, using free publicity and being ready to adapt.

  • We can support your business with a start-up account that offers simple, flexible banking, so you can spend more time building your business.

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  • Could you benefit from the support of a business member? MentorSME is a free online service that enables you to find local independent mentoring organisations to meet your needs.

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  • contact us - purple

    For more information, contact your local relationship director or use our online directory.

    Contact us

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Lloyds Bank plc Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 2065. Telephone: 0207 626 1500.

Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under Registration Number 119278.

Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS). Please note that due to FSCS and FOS eligibility criteria not all Business customers will be covered.

Lloyds Banking Group includes companies using brands including Lloyds Bank, Halifax and Bank of Scotland and their associated companies. More information on Lloyds Banking Group can be found at www.lloydsbankinggroup.com