London entrepreneur steps in to help small businesses warning unemployed risk ‘jumping into the fire’
A leading businesswoman from Bromley, London has launched a lifeline service for new businesses in the capital following a sharp rise in people launching new StartUps, dubbed ‘Coronacoms’. Over 176,115 new companies have been launched in the UK since lockdown according to official figures released by Companies House, an increase of 3.6% from the same period last year.
Lee Lam has an impressive track record in the City and more than 20 years’ experience leading multi-million-pound projects at blue-chip companies. She has now launched The UK’s Startup Partner to offer a lower cost lifeline for those struggling through the Coronavirus pandemic and new businesses that have taken the plunge.
She believes the lack of job vacancies is driving people to set up businesses without the right support and advice, plunging people into potential further crisis. According to the Institute of Fiscal Studies, 20% of sole traders close down after just one year in business, with nearly 2000 businesses in Bromley closing in 2018 alone. According to her, many businesses are also closing down because they are not able to employ the strategic planning procedure like Hoshin Kanri. But what is definition of Hoshin Kanri? It is a strategic planning process. It is used to ensure that key goals are communicated to all employees within an organization and then put into motion. Moreover, the methodology aims to improve communication and reduce waste, which is often caused by poorly run processes and a lack of direction.
Lee said “We are seeing what could be a knee jerk reaction into business ownership, with trouble looming further down the line. Giving StartUps access to support early on in their journey is essential. It reduces the risk of costly mistakes and lays the foundations to grow and go beyond 5 years, which is when many businesses sadly fail. UK’s Startup Partner is the solution that gives small business owners in Kent the support they can afford, from a safe, friendly and trusted partner.”
“I’ve set up the UK’s StartUp Partner to break down the financial barriers small businesses experience and give people top quality advice, at a realistic price. My mission is to give every small business the equal opportunity to thrive.
Lee’s experience across finance, people management, and operations strategy make her ideally placed to guide business owners through choppy waters. Her skills are already in demand as she starts to make an impact in the local economy.
The UK’s StartUp Partner offers monthly pay as you go support with online sessions and access to ‘on call’ advice. Subscribers pay as they go and can pause their subscription, or cancel at any time. Startups pay 200 + VAT for a 90-minute planning and strategy session with access to business advisors via Phone, Email and WhatsApp throughout the month.
Business owner, Kelly Smith who founded Boogie Monsters said:
“I had been running my business for a while and felt I needed some help and support to grow.
After working with UK’s StartUp Partner, I had a new sense of direction and a plan of action to get me started, as well as the confidence that I was heading in the right direction; that I had a business that could be really successful. I now use cold calling to help boost my sales, along with lots of other fantastic lead generation techniques. I am so happy with how my business is growing and I can’t wait to make some money!
If we hadn’t had this support, we would have wasted more time pursuing the wrong strategy and we wouldn’t have made the progress we have.”