Small Business Advice Articles Need To Be Carefully Consider

Small business advice articles could make the difference between a well thought out response and a knee-jerk reaction. The speed of change within the SME sector can panic businesses into responding rashly to news headlines and single articles as they hit the sector. However, as you will see this quick response does not always put you ahead of the crowd.

As an owner, leader or management of an SME, you may often be faced with the choice of implementing advice from a single news source quickly to get a head start on the competition, or waiting for more opinions on the subject? The results of extensive studies by UK government departments and academic institutions seems to support the maxim “act in haste, repent at leisure”. A small firm can run into problems if it rushes into something based on a single SME news article. For example, the management makes a decision on working practices based on a single article; if this proves to be wrong because the article was only partially correct or based on unfounded statistics, the SME could find itself facing action from employees and unions, as well as dealing with loss of income and potentially lost clients. The evidence shows that rather than being reactionary, responding to articles from news sources, SME management should gather further opinions making well informed decisions before acting. Where then do you go to get opinions and small business advice informed by UK government, leading business individuals and business institutions?

Subscribe to SME for Growth for regular, well informed opinions in the knowledge that our small business advice articles are well considered and relevant to your business and that we always represent every angle in a debate. Have a look yourself by heading to our website, http://smeforgrowth.co.uk/. Send us your questions and opinions by sending an email to info@thebusinesschannel.tv, use our online form or give us a call on 020 8438 0616.