Andrew Grantham

An Aesop Fable to Apply to Your Business

In a field one summer's day, a Grasshopper was hopping about, chirping and singing to its heart's content. An Ant passed by, bearing along with great toil an ear of corn he was taking to the nest.

"Why not come and chat with me, instead of toiling and moiling in that way?" said the Grasshopper.

"I am helping to lay up food for the winter," said the Ant, "I recommend you to do the same."

"Why bother about winter? We have got plenty of food at present", the Grasshopper replied.

But the Ant went on its way and continued its toil.

Time to get your finances in order

A recent survey undertaken by Skipton Business Finance found that more than 80% of clients surveyed felt they would increase their sales (either moderately or materially) in the next 12 months.

Despite the difficult economic environment, there are still opportunities out there for businesses to grow and owner managers are shaping up to take full advantage.

It’s being able to fund this upturn, which can cause the problems.

Don't Grow for Growth Sake!

I have never really understood why so many owner-managed businesses insist on growing their businesses year on year and are made to feel like a flop if they fail to do so.

There is a lot to be said for consistency, particularly in benign markets, and the management who have a solid, profitable and more importantly repeatable business year on year should take some comfort from the following story.

Whilst tongue-in-cheek, I do feel it rings true:

Perils of late payments!

The most recent surveys compiled at the end of 2012 have been indicating that approximately one in four SME’s suffer from late payment of invoices by their customers, which is a worrying statistic.

Cashflow is the lifeblood of every business and the timely collection of monies owed is critical to ensuring the business has sufficient cash to pay its bills and staff.

The value of real relationships in a technological world

I was reading the other day that statistics suggest that the average person exchanges 107 text messages a day. I wonder exactly what the definition of an average person is?

This leads me on nicely to my own personal texting statistics...

I send approximately 0 (zero) texts a day.

This must mean that someone out there is sending an awful lot of text messages!

Advances in technology

I may be coming across as a Luddite thus far, but I honestly have no issue with technology.