Help for small businesses

Hot on the heels of the announcement of the creation of a so-called small business ‘csar’ tasked with tackling the late payment of bills to small firms, which creates enormous problems with cash flow, a new small business funding exhibition has been announced for next year.

Taking place next February in London, the Business Funding Show (BFS) will connect entrepreneurs with key finance providers and will help “pave the paths to success” for small and medium-sized enterprises (SMEs).

The show will include a range of seminars and workshops covering debt, equity and growth finance and the audience will be able to hear from a number of successful entrepreneurs, such as Angels Den founder, Bill Morrow. There will also be workshops, bootcamps and a one-to-one advice clinic to help business owners get “investment ready”.

As a spokeswoman for the BFS said, modern entrepreneurs are still failing to consider all the options available to secure the right and best funding for their businesses, so the show is perfectly timed in terms of bringing investors and entrepreneurs together to build lasting relationships.

Commentators have welcomed the news, with Innocent Drinks’ co-founder and head of venture capital fund JamJar Investments, Richard Reed, actually announcing the show. However, given that it is August, one wonders whether he cut short a holiday to make this announcement, as separate research has found that more than three-quarters of owner/managers admit to responding to work emails at least once a day while on holiday. Their inability to leave work alone also causes problems with partners, with almost 60% saying they have had arguments with loved ones about contacting work while on a break.

Posted in Blog.