How Winning This Is Money SME Prize Helped RateSwitch Double In Size

Our Great British Entrepreneur Challenge is ready to go. It offers start-up bosses a life-changing opportunity to win up to £50, 000 in seed financing and mentoring from a top angel trader Andy Yates. But don’t just take our word for it. Last year’s champion, Lee Flavin scooped the entire £50,000 to accelerate his business RateSwitch, which helps home loan owners find the best rates from their existing lenders – even if their family or financial circumstances have transformed.

While the money award provided an essential financial shot to the business enterprise, Flavin said the networking and mentoring opportunities offered by Yates were equally invaluable. Since winning your competition, the continuing business has doubled in size, has made new hires, and revamped its website. Flavin swept up with That is Money to go over how his business changed almost a 12 months after winning the task. 1. Why do you enter the Great British Entrepreneur Challenge?

I understood my mortgage switching business RateSwitch got much promise. It had been already which can save homeowners life changing levels of money on their mortgages, often within hours and even if their personal circumstances got changed. At the same time I realized I needed expert help and support to get RateSwitch to the next level and to help so many more homeowners. Like so many entrepreneurs, I have never run a continuing business before and I needed help from someone that acquired seen it, done it and realized what must be done to … Read more

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