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2nd November 2023
Starting a new business is a rollercoaster of an experience. It can be both exciting and daunting – and probably both at the same time. Even with the impetus of ambition, vision and enthusiasm, and the strongest of business plans, future success can’t be guaranteed. In fact, according to the Small Business Administration (SBA) only 20% of new businesses survive past the five-year mark. To flip this statistic, a sobering 80% of startups fail. Navigating growth can be tricky, so working with an investment expert that can add value in the early stages is key.
Within this article, we’ll uncover some the key areas for consideration in creating sustainable, stable business growth. As a boutique business with over two decades of experience, Greenborough Management have a wealth of knowledge to share.
Invest in An Expert to Invest in Your Business
Although the statistics for new business success can be formidable, it does also demonstrate that new businesses can survive. In fact, we can almost guarantee that sometimes a business will fail because that’s the best outcome right now. But it may be reinvented later – when the timing or the economy looks better – after those hard lessons have been learned. Often, a business idea evolves and will come back even stronger.
The UK is home to an outstanding range of diverse and dynamic start-ups, seeking opportunities for innovation and growth. Statistically, businesses that identify and access these opportunities are the ones most likely to survive and thrive beyond their initial years. Whether it’s assistance with funding, mentorship from industry specialists, or professional guidance in areas such as finance and regulatory compliance, good support makes all the difference to a young business’s resilience.
How Greenborough Can Help
Greenborough Management was launched in 2003 and our business has grown to be a reputable provider of mentorship services and professional growth guidance. Led by Russell Copley, our team of seasoned specialists aim to assist as many businesses as possible, helping them scale up while safely navigating the pitfalls of business growth.
Getting the right guidance from our team helps young businesses confidently meet and combat problems resulting from economic uncertainty, industry competition, and shifts in the wider business ecosystem. These challenges and uncertainties will inevitably have an impact on all growing businesses at some point. The Greenborough team also have a wider support system, so we can also point you in the right direction. are an essential source of practical advice and support, backed by the strength and foresight that can only come from years of professional experience.
Five Reasons Your Business Needs an Investment Expert to Navigate Growth
They Can Help You Develop an Investment Strategy.
An investment strategy is a crucial part of a business’s financial planning. Business and Investment experts, like those in our team, are able skilfully assess various investment options for your business. Our knowledge encompasses market conditions, economic trends, and we’re able to identify potential risks. Our expertise enables you to make informed decisions and craft an investment strategy that aligns with your business goals.
They Can Help You Raise Capital.
Raising adequate capital is a critical challenge for startups, and Business Specialists can play a pivotal role in facilitating success. We have a thorough understanding of the intricacies of funding sources available to startups and we can point you in the right direction. Be it venture capital, angel investors, crowdfunding, loans or grants, and more, they can help you explore options that match your business model and fit your stage of development. As always, Greenborough are able to point you towards free support through your Local Authority too, ensuring you have a comprehensive view of what’s available.
They can help you manage your finances.
Once you have raised the capital or secured funding, you still need to make sure that your business is taking considered steps and has longevity in mind. Our business expertise extends to the varied financial aspects of your business, including budgeting, cash flow management, financial analysis, and strategic planning. Russell and Michelle from our team can assist by creating detailed financial projections and budgets, ensuring that your spending aligns with your business goals. They can also conduct financial analyses to identify areas of improvement, cost-saving opportunities, and revenue growth strategies.
They can provide you with expert advice and guidance.
When you work with Greenborough, you’ll always receive real, honest and expert advice. Over the last 20 years we’ve seen a lot of bad decisions being made… but also some great ones! The benefit of bringing in impartial advice in the early growth stages, is we can leverage our extensive knowledge in tandem with this experience of varied business operations. Whether it’s strategic planning, financial management, marketing, or operational efficiency, our insights can help you make informed decisions about your company’s growth, while identifying and navigating potential challenges.
They can help you prepare for an exit.
Not all business owners want to create a family business or continue to work beyond retirement age. If you’re considering an exit strategy, whether through a sale, merger, or other means, we offer best practice guidance and insights that can help you decide the timing and process of the exit. Whenever you plan to exit, your business should look as healthy, sustainable and profitable as possible – so we’ll also help you achieve your goals. Our network of entrepreneurs is extensive, so we may be able to identify buyers or merger partners, negotiate deals, and ensure a smooth transition. This is something we would welcome early on, to get the best results.
Grow your Business with Greenborough
When you combine personal determination with high-calibre professional support, great heights can be reached. Greenborough Management has an established track record in both the Public and Private Sectors, with proven expertise and experience in helping Start-Ups, SMEs, and large Public Sector clients alike achieve their growth objectives.
Russell Copley notes that, ‘Our agility and adaptability allow for tailored assistance, ensuring that your unique business needs are met. With the right support, the path to growth becomes clearer, and the odds of overcoming the hurdles of starting a business become significantly more favourable’.
If you’re interested in investing in the success of your business, don’t hesitate to contact Greenborough’s friendly team of specialists for a starter conversation, on 03331 881320.