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To grow or play it safe? That’s the million-dollar question…

One reoccurring topic which always seems to crop up when speaking to business owners is ‘when is the right time to bite the bullet and take the business to the next level’? When do we stop the bootstrapping and say hello to investment? I am a firm believer that all businesses can (and in most cases, should be) boot-strapped from day one. This not only saves costs, it keeps your business lean and avoids the unnecessary ‘fat’ that one could be tempted to add if investment is gained early on.

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Use Christmas to re-energise for 2010

The season to be merry is upon us as we rush to prepare for a few days off work. Then comes the strain of too much food, drink or financial worries and Christmas is anything but relaxing. Hoping to promote Christmas cheer in tough economic times, Apprentice star, Claire Young has launched the ‘Balancing Britain Campaign’, working with Chinese health and wellbeing organisation Lishi in a bid to encourage the nation to switch off over Christmas.

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Michelle Dewberry: failing to evolve your business is planning to fail

Gone are the days when we could all set our watches by the clatter of the letterbox. The reality now is that despite the rising cost of mail, the service that was once at the core of British industry is now a thing of the past. The recent postal strikes have cost UK businesses an estimated £1.25 billion, money that companies can ill afford during the country’s longest recession. Whether you are a sole trader, an SME or a company who employs hundreds of staff, each and every one of us has been affected by it.

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Recession helps to push 300,000 into starting up a home-based business

The number of people starting their own business from a spare room or the garden shed has risen dramatically as the recession bites, reveals a research report – The 2009 Home Business Report released by Enterprise Nation and supported by BT – saw almost a third of a million people made the decision to go alone in the last 12 months, with 5,500 every week leaving behind commuting and the office for the chance to be their own boss.