(1888PressRelease)
May 28, 2008 - With the credit crunch still dominating the headlines, bank managers are becoming additionally nervous about extending overdrafts, loan are becoming much less readily available, and with widening spread in corporate bond market is making borrowing more expensive.
The question to ask is whether businesses can ride the storm better than they did in the early 90’s?
The FSB appear to be suggesting that Startups are increasingly launching themselves as sole traders and working from home therefore avoiding the risk of employing staff. It also worth noting that the FSB also estimate that small business are borrowing around £40bn per annum, with savings and deposits around £44bn therefore it appears that there may be more cash relative to borrowing compared to the 90’s.
So it appears that the business world may well have learnt from past mistakes and are behaving increasingly cautious this time around. One Essex based company believes the best way that we can all ride the storm is by joining together to create what they call ‘strength in numbers’.
Million Impossible launched at a time when the public interest in Entrepreneurs had never been greater with publicity surrounding Alan Sugar and ‘The Apprentice’ and programmes such as ‘Dragon’s Den’ capturing the nation but, despite this and to the amazement of many there remained little support for budding entrepreneurs and our future business successes.
www.millionimpossible.com created a one stop shop for entrepreneurs. The website gives access to assist businesses to find funding, access to advice, access to business tool downloads, access to free services, access to business discounts to save on purchasing costs, access to free PR opportunities and links to other businesses and organisations to help businesses and offers advertising at ‘No Cost and No Catch’ therefore giving businesses a greater chance of success. It also gives additional exposure for businesses including a Members News Section, listing with www.ukentrepreneurassociation.com and www.businesssourcer.com and Mi Tube – A business video section within www.millionimpossible.com. Most importantly www.millionimpossible.com enables businesses to join together, to network and to assist each other.
Many have asked; Why the name? Does this company actually believe that ‘A Million’ is impossible? To the contrary Million Impossible appreciates that a million is no easy feat however, they also know that given the right support, knowledge and investment, anything is, in fact, extremely possible.
Heidi Weir – Operations Director commented “It’s been amazing to see the reaction. My original fear was that people would be too frightened to share their knowledge through fear of someone actually becoming better than them. My personal belief is that for each piece of information I share, I receive 10 pieces back that assist me. I learn something everyday, and sometimes from the most unlikely of places. I’m pleased to say that the majority of people appear to have the same thought process as myself and are happy to give back. It’s exciting to think that Million Impossible really could create the largest business network in the world and each of us could have a hand in our future entrepreneur’s success. If we look at what each of our members has achieved on our own, it’s incredible. Now just imagine the successes we could have if we join together?”
Million Impossible Plc’s dream is colossal and from building a business network from zero to around 600 in 6 months, www.millionimpossible.com are proving everyday that whatever your dream and even with limited capital, you can make what may seem impossible very much possible!
Million Impossible Plc also owns and operates www.businesssourcer.com which is a free to advertise on line directory service and www.numbersourcer.com which provides businesses and Individuals with Telephone Numbering Services and offers ‘lifetime’ numbers with no on-going management charges as a way of making owning a number more cost effective for UK Businesses and www.ukentrepreneurassociation.com which is a discount network to ensure businesses save money on their purchasing costs.
All press enquiries can be emailed to pressoffice ( @ ) millionimpossible dot com
Tel: +44 (0) 845 468 5000 Fax: +44 (0) 845 468 5001
www.millionimpossible.com
www.businesssourcer.com
###
