The Startup Pack Ltd was incorporated in October 2020 when the three founders Peter, Phil and John decided that they wanted to bring to life an idea that they had been contemplating for some time. All three work together in a finance brokerage business and a business planning/consultancy business both based in Northamptonshire.
It is fair to say that Peter, Phil and John would be described by their good friend Alan Price as ‘Silverpreneurs’. Between them they have years of hands-on experience working in Export, Business Management and Commercial Finance and are now using that experience in their current businesses.
An area that all three have held significant concerns about is the number of SME businesses that fail in their early years. The Office for National Statistics identifies the principal reasons behind SME business failures are:
- Lack of Business Planning
- Inexperienced management
- Insufficient investment and working capital finance
- Expending marketing budgets
In many cases SME owners are probably guilty of taking too much onto their own shoulders and do not either appreciate the support available or believe they cannot afford such support.
The creation of the Startup Pack and the support provided by our ‘Contributors’ is aimed at helping young companies in Northamptonshire to get off to the best start they can.