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All too often, companies do not leave themselves enough time to groom a replacement CEO. It is campaigning to have women run a quarter of FTSE companies by Testimonials Testimonials Business Reporter counts over 5, satisfied clients.
The fact is that although high street banks will always be an important port of call for many SMEs, schemes such as crowdfunding and peer-to-peer lending are now providing a range of different solutions, whether that is to support growth plans, raise working capital, offer shared ownership or to generate valuable customer feedback Businesses looking to secure additional funding equally need to make sure they are aware of every option available to them to help make an informed decision that provides the amount they need for the length of time that they need, fully supporting their business plans.
Moreover, it is completing deals daily with alternative lenders, and this is where the real growth is being enjoyed.
If consistency is more important, then you should promote from within. Where an MCA really sets itself apart from other forms of lending is how the product is aligned with the cash flow of the business. The most successful organisations are the ones that have grown their own talent.
She was a business correspondent for EnergyNewsLive.