“A bank is a place that will lend you money if you can prove that you don’t need it.” Although this is a joke that is over fifty years old by the excellent US comedian Bob Hope, it is also completely true and now more so than ever. Small business owners simply cannot rely on…
The Bank of England announced last week that their figures for April showed lending figures dropping sharply in the biggest fall since December. Business lending was down £3 billion and small business lending was down by £660 million. These figures are particularly disappointing for small businesses because the government are supposed to be doing everything…
If you’re like most small business owners, on any given day you have to-do list as long as your arm. Taking care of the bottom line and getting your banking right is a top priority, but with so many demands on your time, the last thing you want to do is spend hours in your…
I am one of the “Head Roadies” of the Enterprise Rockers and I’m pleased to announce that we will be offering a free mentoring scheme for any bankers or politicians. Bankers and politicians have not got a clue about what is required to run a micro business. If they knew what they were doing the…
The much maligned Funding for Lending Scheme (FLS) that began last August in the UK under the guidance of the Bank of England was due to end in January 2014, but today it was announced that it would be extended by another year until 2015. The Bank of England has come under fire since the…
Recently I was looking to open a business bank account for a new venture I’m looking to start- so I thought I would do the rounds with the banks to see what was on offer. I’m not going to name names here, but I was actually quite shocked at what I found. I went in…
Expanding small businesses overseas can be a risky business, but with cities like Dubai performing well economically in terms of trade and tourism at the moment, the UAE could be the place to do it. Head of the Dubai Economic Sector Committee recently stated that growth in GDP for this emirate is expected to be…
