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Being a LEARNER, not MBA business plans - key to success. Are you a LEARNER?
Being a LEARNER is a Natural Talent, if you were born with it and you will never loose it. It can be a blessing or a curse in a home based business. If you develop it, it can make you a billionaire. Bill Gates, of Microsoft, did just that. If you...
Increase Profits With a Small Investment of Time and No Money
The less a business pays for goods and services the more profit that business generates. How does a small business with limited purchasing power get access to lower cost goods and services? The answer is simple. Pool the purchasing power of many...
Promotions That Build Profit
Promotions are everything you do to let your customers know you exist. Good marketing techniques can help eliminate the “I didn't knows” from your clients and would-be clients. Even if you believe you have more than enough business you should...
Six-figure Professionals: Their Seven Secrets
In my work with hundreds of coaches, consultants, and small business owners, I have found that there are specific actions that have created their success. Here are seven success elements that they use effectively to earn $100,000 plus a year. By...
Six Lessons for Getting in the “Right Mindset” For Starting Your Own Business
Believe it or not your childhood attitude towards a fence shapes your business mindset. As you’ll learn from my experience starting a business, having the right mindset is the key to being an entrepreneur. It’s all about being a fence hopper...
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Last chance to get Small Firms Loan Guarantees?
The leader of our SFLG team commented this week: “I called the DTi today and they say that the new regulations will be in place by the end of the year and maybe by the end October/beg November. They are working on it now and expect to make an announcement with exact dates of the roll out about September time. The deadline will mean that any companies over 5 years old will need to have their loans approved by the lenders and arrived on the desk of the DTi before the cut off date. Any received after that date will not be likely to get funding. The associated publicity may also lead to a rush of applications which in turn might cause delays.”
Earlier this year the Government welcomed and accepted Teresa Graham's recommendations on the future of the Small Firms Loan Guarantee (SFLG), designed to maximize the support that the scheme offers to small firms. Key points of the recommendations -
• Expanding the lending limits to £250,000 per business for all eligible businesses
• Raising the turnover limit to £5.6m for all eligible businesses
• Reducing bureaucracy by making changes to the operation of SFLG
• Better targeting of SFLG at start ups and young businesses by introducing a maximum age limit for eligibility of three years' trading activity, and reserving a segment of SFLG funding for lenders with a clear focus on high-growth businesses
• Incentivising an increase in SFLG penetration, particularly wider geographic availability throughout banks' network of branches
• Encouraging new lenders to join the scheme
• Allowing successful serial entrepreneurs to benefit by removing the current £250,000 limit on lending to any individual
POSSIBLE ACTION – Apply now while you are still eligible and before possible delays? We are currently averaging 8-10 weeks for approval.
More information www.strategyconsultinglimited.co.uk/sflg.shtml or from Stephanie Dickson on 0845 838 0936
John
J. G. Courtney AIMC, MABS, MInstD
Managing Director
Strategy Consulting Limited
john@strategyconsultinglimited.co.uk
Funding: BUSINESS ANGELS - SMALL FIRMS LOAN GUARANTEES - GRANTS - PROPERTY FINANCE
Strategy: STRATEGY - BUSINESS PLANNING - NON-EXECUTIVE DIRECTORS - WORKSHOPS
Marketing: MARKETING STRATEGY - SEARCH ENGINE OPTIMISATION
About the Author
JOHN COURTNEY
The Managing Director of Strategy Consulting Limited,(www.strategyconsultinglimited.co.uk) John Courtney has been a Company Director for over 20 years, and has been a Non Executive Director for several SME's. John has trained at The Academy of Business Strategy and is also a visiting lecturer on the MBA course at Cranfield University School of Management.
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