#dragonsden #askshaf #Entrepreneurship

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How Banks operate and alternative sources of finance.
Today’s Ask Shaf is about Banks, borrowing money from them and then goes onto alternative sources of finance.

In 2010, Dr Vince Cable, the Secretary of State for Business, asked me to join an advisory panel called the Entrepreneurs Panel / Forum. The panel was a group of business leaders who were advising the UK Government on how the Government could encourage Enterprise in the UK.

At the very first meeting I attended, one of the issues we touched on was Banking, and it became very apparent to me quite quickly that the business secretary wasn’t aware of what was happening at grass root levels when it came to accessing funds for SME’s.

So, Vince Cable appointed me, James Caan and Jan Fletcher to speak to CEO’s of UK banks, to speak to business leaders and SME’s and report back to him on what was happening in the business world as regards to having access to funding.

As you’re no doubt aware, I write a weekly business column for the Scottish edition of The Sun newspaper.

I decided that I would publish his request in my column and the link to the request is below.
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Several readers came forward, and I met them all for coffee, etc. Now, there’s one meeting that I had which resulted in me writing a blog. This video is based on that blog.
About his problems borrowing money from his bank.

After I shot the video, I showed it to him, and he asked if I could edit it so he couldn’t be identified. So, we obliged and edited the video. I think it still makes sense!!

If you want to jump straight to the cartoons, they start at 3mins and 4secs into the video.

See you next Thursday for another #askshaf

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