Since completing the Enterprise programme Stacey grew her sales by 337%.
With the support of her Prince’s Trust mentor Stacey Smith tripled her sales in 12 months and has now adapted her business so it can continue to trade through the Covid-19 pandemic.
In 2016 Stacey launched her business Laex Tan to train people to use spray tanning equipment as well as suppling them with professional standard equipment and materials. To scale up her business Stacey joined the Prince’s Trust Enterprise programme and received business advise from her dedicated mentor. 12 months after starting the programme she increased her sales by 337% by developing a new strategic plan. The following year she increased the number of trainers from 5 to 62.
Stacey has an online mentor, who continues to provide advise and business support remotely via email and Skype calls. Having online support means Stacey can fit coaching sessions around her other commitments.
She has not let Covid-19 stand in her way. She is continuing to deliver training by running her courses online and has ensured that her team has plenty of stock that they can dispatch to their clients.
On hearing about the new NatWest and Prince’s Trust £5million Enterprise Fund, she said
“This fund will give young entrepreneurs hope. It’s a worrying time for everyone and knowing that they can apply for funds to help their business will also reduce their anxiety and help their mental health. It’s another example of how The Prince's Trust will always try to find a solution to help young people where no one else will.”