Giving away 60 million pairs of shoes in the first 10 years of trading might not be everyone’s idea of a great business idea but it’s worked for Blake Mycoskie the founder of TOMS shoes.
Blake has recently stepped down from his role as CEO of TOMS but does that mean he’s lost his vision?
No – TOMS is a company with a mission, or, as he puts it “a mission with a company” and by stepping down Blake can see a huge future for the company he founded to help kids who needed shoes, get them.
Blake has inspired many different businesses to help the developing world during his 10 years at TOMS and with their expansion from shoes into bags, sunglasses and coffee the ability to help children in need grows on a daily basis.
It was seeing TOMS shoes recently in York which set me thinking about what acorn.finance could do to help those in need and how to do it.
Waiting for the right time is no longer an option, there will never be a better time than now to help those in need so acorn.finance are taking action.
Thats why we’ve joined global micro loans specialists Zidisha.org.
Zidisha is the first online microlending community that directly connects lenders and borrowers – no matter what the distance or disparity between them.
Small businesses and entrepreneurs in the developing world receive interest free loans, bypassing expensive local banks and intermediaries who make borrowing unaffordable to growing businesses.
Micro-lending is beyond charity
Helping small businesses to grow and thrive is what acorn.finance specialise in within the UK and we understand how many people benefit from such businesses; not just the owners but also their employees, customers and suppliers.
This positive effect on local communities within the UK can only be magnified in the developing world where formal jobs are far more rare than we are used to.
Acorn.finance are committed to helping small business in the UK to grow and thrive and now we’re rolling that mission out to the developing world. For every UK business acorn.finance finance we’ll help finance a business in the developing world through Zidisha.org.
If you would like to join Zidisha and make a few pounds create a huge impact click here for a $25 free first loan.
Read the full Business Insider interview with Blake Mycoskie here.
Alternate Finance for SMEs (Small & Medium Businesses)
Finding funding for SMEs can be a daunting task today.
The major banks are constantly telling us how keen they are to support small business but then create a long drawn out process which weeds out most of the applications before they have the chance to reject them!
According to research carried out for the National Association of Commercial Finance Brokers, two thirds of the owners of SMEs in the UK start and stop their search for funding at their own bank.
That means there is a huge number of SMEs in the UK which are not getting the finance and support they need to grow. As 60% of private sector employees in the UK work for SMEs then this is a sector we should all be supporting wholeheartedly.
In 2015-16 acorn.finance funded 88% of clients through the “alternative funding market”.
This does not mean that 88% of SME loans are provided by alternative funders but shows the potential for businesses turned down by the high street to gain funding.
So – how can we help you find funding?
[ms_row][ms_column style=”1/2″ class=”” id=””][ms_flip_box direction=”horizontal” front_paddings=”30″ front_background=”#84cc49″ back_paddings=”20″ back_background=”#f6e426″ class=”” id=””]I’m one of the lucky few.
The high street would fund me.|||By accessing the whole market acorn.finance can help you to;
reduce your monthly payments
decrease the interest rates
increase flexibility [/ms_flip_box][/ms_column][ms_column style=”1/2″ class=”” id=””][ms_flip_box direction=”horizontal” front_paddings=”40″ front_background=”#f6e426″ back_paddings=”20″ back_background=”#84cc49″ class=”” id=””]I’m not!
Help!|||By accessing the whole market acorn.finance can help you to;
Fund your business with a provider or providers to suit your circumstances.[/ms_flip_box][/ms_column][/ms_row]
Whether you’re flipping or growing a buy to let portfolio, buying a property project to renovate can bring in a healthy profit.
Our guide will help you avoid the property renovation pitfalls and help you profit every time.
As the house market has picked up over the last few years so has the opportunity to profit by buying a property to renovate. Read more