Peter Wright's viewpoint on the growth bug
Now is an excellent time to invest and Finance Wales has the
funds to help grow your clients’ businesses, so encourage them to
be courageous and get the ‘growth bug’.
With 2009 making for an interesting and uncertain year, many
business owners and managers have been forced to take a long, hard
look at their priorities. Now, as we move into a new decade, I
believe there won’t be a better time for many businesses to invest
At Finance Wales we’ve always been keen to convince Welsh SMEs
to get bitten by the ‘growth bug’ and fufill their true potential.
For me, 2010 should be all about investing for growth. Even in
difficult economic times there are opportunities to be seized, but
this will take ambition, confidence and most of all courage.
I’m pleased we’re seeing more and more owners and managers
looking outwards and wanting to grow their businesses and break
through the £2 million turnover ‘glass ceiling’. This hasn’t always
been the case, and right now we’re also seeing more SMEs with a
turnover of £10m plus seeking investment funding.
Plan, plan, plan
Wherever your clients’ businesses are today, there are some key
things for them to consider if they are to make a real difference
in 2010. Most importantly, does the business have a robust business
plan that truly reflects what’s happening in the business? Other
points to consider include:
- How is its management team made up and are there skills
- What market does the business operate in and what’s its market
- Has it considered external threats as well as
And this list doesn’t end there.
So, encourage your clients to be courageous and embark on a
growth path in 2010 – encourage them to aim high and work with them
to write that new business plan.