Pro-actions - Business Improvement Specialists

Helping you build a remarkable business

03333 440 517

Facebook Twitter LinkedIn Google+
Google+

Go back

Over 40% of new SMEs fail within four years!

Posted on 29/08/2013, 12:00

A recent report by Lord Young, David Cameron’s enterprise adviser, has proposed that the Government’s loans scheme to help young entrepreneurs start a new business is to be extended to the over 30s. When the scheme was originally launched the age limit was only 24 but this was raised to 30 earlier this year. Now it has been announced that the age limit for the loans is being extended to over 30s, along with a range of other reforms aimed at helping “fire up business growth” in the UK.

This is good news and business groups including the CBI and the FSB have broadly welcomed the package of measures. However there are calls for the choice of business support that is linked to the Government’s schemes to be put in the hands of the businesses themselves and not in the hands of providers so they can choose the best advice available to them.
This is a good point. Business owners that pro-actively set out to get the advice and support that’s right for them are the ones most likely to succeed and thrive. It’s vital they understand the areas where new businesses traditionally have problems, know how to avoid them and how to give their business the best chance of success. These areas include Business Planning, Financial and Cash Controls and Sales & Marketing and not just Loan Finance.

Want to talk further with your business coach?










captcha

People Series: Blog 4 – Performance Management

Our last newsletter focused on the importance of setting objectives and expectations for each of the roles in your organisation. Having done that it is vital to review performance against the objectives set.

Read More

People Series: Blog 3 “Objectives and Expectations”

So, you’ve now decided on your organisational structure, the roles you are looking to fill and started to recruit your team (see our previous newsletters). Now it’s time to start to think about setting the objectives for these roles and, just as importantly, your expectations.

Read More

People Series: Blog 2 “Recruitment”

Good recruitment always starts with being clear about what you are trying to recruit for.  This sounds simple but is rarely easy…

Read More