Small business success report shows ‘it’s good to talk’
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A report in Business and Money highlighted that Allica Bank had commissioned a new study, the SME Guide to Success, revealing that SMEs’ prospects of success depend to a large extent on engagement and interaction with external institutions and resources. Chris Weller, chief commercial officer at the business lender, remarked: “In the UK there is a wealth of external advice and support for small businesses and we urge every company out there to tap into the external resources around them.”
iBOSS free business advice Comment:
There is no doubt that business networking groups like The Business Community and Collaborate as an example in the East Midlands region, are a rich source of information. These Groups help to promote business whilst also giving tremendous support to each other. These groups often have professional business advisors who can also provide direct help to new business start-ups or established companies that in these difficult times may very well need a fresh approach or are even considering remodelling of their business. Although business owners may have excelled in their given industry, they still in these unprecedented times may need a business review on how to maintain or better still, increase business profit.
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