More meerkats and less ostriches please!
Are you an ostrich or a meerkat?
It’s a question often asked in relation to people’s ability to
adapt and thrive in the face of change.
In a business context, against the backdrop of the global events
of 2016 and a future Brexit, understanding your business’ ability
to cope with uncertainty is a worthwhile exercise.
To help you get a better understanding ask yourself the
- Do you view investment in your business as important for the
future or as a cost?
- Do you like to maintain the status quo or adopt new practices
and embrace new technology?
- Are you outwardly focussed on new opportunities or inwardly
focussed doing what you’ve always done?
Answering these questions should give you a sense if your
business is open and adaptive like a meerkat or stubborn and
inward-looking like an ostrich.
As the backbone of the Welsh economy, it is vitally important
that we have more SMEs in Wales who adopt the ‘meerkat’ approach.
This means companies taking advantage of new products, markets and
ways of doing business. Advances in technology and the growth of
the online world mean it is now much easier for a business to react
to change or move in a different direction if the will is
However to do such things SMEs need finance and as a lender we
need to encourage enterprise, back forward thinking and increase
the uptake in equity investment, as well as traditional
Welsh businesses need to think differently and think big. Those who
do will find that uncertainty can then become opportunity.
If you think your business could benefit from finance
contact us at email@example.com
or visit www.financewales.co.uk
for more information.