Within the coming weeks, £80 billion will be released to the Bank of England on the understanding it should be used to fund bank loans. Despite history showing that similar bank-led schemes have done little in terms of real economic recovery, UK small businesses have a real will to grow and succeed; if not with the help of big banks, then perhaps in spite of them.
1. Find Great Partners Even for the most capable one-man small business army, finding reliable business partners and suppliers is essential. For something like order fulfilment, for example, small businesses should look to fulfilment companies with exceptionally flexible small business account options.
Networking is a great way to find the best business partners and suppliers, so look for affiliates – both online and in the real world – to champion the small business cause.
2. Be Flexible (and listen to customer feedback!) No small business gets it right first time. Flexibility is the greatest strength of the small business, so make sure adaptability is always considered in terms of everything from the daily running of the website to packaging and delivery terms.
3. Look for The Right Support Building strong business relationships isn’t all about suppliers and partners. The likes of the Federation for Small Businesses (FSB) can offer superb advice and support for fledgling small businesses. The local community can also be a huge asset for any small business, so put the leg working into networking with locals, offering support and receiving it in return.