“Bank managers don’t get it when you say you’re selling colourful socks for a living. They just think you’re crazy.”
NEF Alumni Josh Turner was featured in a Telegraph article this week shining a light on the difficulties entrepreneurs face in home ownership. Lacking the security afforded by stable, contracted employment, entrepreneurs often find themselves on an uphill struggle to secure mortgages.
In Josh’s own words:
“I’ve only had my business for 18 months … we didn’t have the three years’ accounts that they wanted. Bank managers don’t get it when you say you’re selling colourful socks for a living. They just think you’re crazy. I’ve got friends who run successful businesses who have had the same problem … they went and got jobs just to get their mortgages approved, and then quit.”
Josh is the founder of Stand4Socks, a social enterprise which sells colourful socks and donates a portion of each sale to a charitable cause. Last year he was awarded the Bronze prize for Great British Social Entrepreneur of the Year 2015.
You can read the full article in The Telegraph via the link below: