What will 2015 hold for your business?
January is traditionally the month when we think about what we
want to achieve in the coming year. According to Finance
Wales investment executive Oliver Jenkins reviewing and adapting
your business model would be his top tip.
“Adapt, expand and thrive would be my tip for savvy management
teams in 2015,” said Mr Jenkins. “Successful businesses
constantly change, and evolution rather than revolution often reaps
rewards. It’s all too easy for businesses to do what they’ve
always done and overlook their potential.”
There are lots of factors to consider when building a
sustainable business and a strong business model and growth plan,
coupled with the right financial backing, confidence and an
adaptable approach, can pay real dividends.
Mr Jenkins believes that businesses should actively look for
opportunities to improve their internal operations and supply chain
as well as their products and services: “Diversifying your product
range could be attractive for a number of reasons, as you can often
benefit from economies of scale, exploit unused capacity and grow
your revenues and margins.”
“Whilst changing trends and new technology may offer
opportunities, there are clear cost and efficiency benefits to
exploiting untapped potential within your existing markets. If you
operate in increasingly crowded domestic markets, expansion into
international markets is worth considering. You may have
fewer competitors and could achieve higher margins and increased
economies of scale.”
Mr Jenkins is keen to highlight how Finance Wales can help
ambitious management teams achieve their growth plans.
“Whether plans require a short or long-term injection of
capital, we have a range of available funding from £1,000 to £2
million,” he explains.
Finance Wales’ funding options include working capital; £1,000 -
£50,000 micro loans; cash flow-led loans as well as mezzanine and
equity packages. Short-term property development loans are
also available for small-scale, non-speculative commercial and
residential property projects.
“Funding growth plans effectively will ensure businesses give
themselves the best chance of success and we encourage businesses
not to pre-judge what they need. We prefer to look at their
requirements in detail and come up with a tailored funding package.
A traditional loan structure isn’t always the best option and we
can profile a more flexible investment to suit a company’s
objectives and future profit forecasts, for example,” he
“I’m keen to encourage owner-mangers and management teams to think
about what 2015 will hold for their business, and whether we can
help them to adapt, expand and thrive.”
Oliver Jenkins is an Investment Executive in Finance Wales’ new
investments team. He works with SMEs in Newport, Caerphilly
and Torfaen with a range of funding needs. He is an
experienced business banker with expertise in identifying viable
business plans and future growth potential.
Article originally from the Business Top Tips, South Wales