Merton offers helping hand to local business

Merton Council’s Merton Means Business, in partnership with Merton Chamber of Commerce, marked Global Entrepreneur Week with a one-stop shop event to provide local businesses with advice on how to get through the economic downturn.

One of a series of business-centred events, the workshop took place in Merton’s Generator Business Centre, Mitcham, on Wednesday 18 November. It focused on business planning and offered local entrepreneurs the opportunity to network and share their experiences of setting up a business in Merton. A representative from Her Majesty’s Revenue and Customs was on hand to advise delegates about complying with tax and National Insurance guidelines and spoke about the importance of record keeping, completing and filing tax returns and what to do after recruiting employees.

Delegates from twenty local businesses took part in the workshop.

Businesswoman Yemisi Odejayi from Mitcham based Lajolla Health, which sells heat pads for warming hands and feet, said: “I found this workshop very useful as it gave me the chance to meet others facing similar challenges. I love working for myself, but, along with the rewards, there are also stresses that come with owning your own business. Sharing best practice and having the opportunity to hear from the tax people about how we can make our businesses as economically efficient as possible was invaluable to me.”

Merton Council cabinet member for finance and regeneration Councillor Diane Neil Mills said: “We clearly recognise that local business is the backbone of the local economy and the key to generating wealth in Merton. We are therefore continuing to work closely with Merton’s entrepreneurs to offer them guidance and practical help in developing sustainable businesses that can successfully navigate these economically challenging times.”

For more information on Merton Means Business: http://www.merton.gov.uk/mertonmeansbusiness

-ENDS-

Notes to editors

Merton Means Business, formerly Mitcham Means Business, works to develop and market the business community in Merton and enhance the skills and experience of the local labour force.

Merton Means Business is based at the Generator Business Centre, 95 Miles Road, Mitcham.

The next Merton Means Business event is called Selling for success and will be held 2 December 12pm – 2pm at the Generator Business Centre.