Your Profit Coach, Paul Simister provides business coaching to help entrepreneurs and business owners find hidden profit with low cost, low risk strategies
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My friend and small business expert Rob Warlow is updating his popular ebook "The Secrets Of Getting Your Bank Manager To Say Yes" and would like to hear your feedback about what's going on with small business loans and overdrafts.
Rob has been a bank manager in the UK (Barclays I think) before being tempted to Africa where he has held various very high banking positions including CEO. He is also the owner of the Small Business Success website and Small Business Success Forum
As you can imagine, he knows his stuff but he wants to hear what it's like the other side of the desk.
So if you have ever wanted to tell a senior banker exactly what you think, then this is your chance...rant by all means but just don't blame him.
If you have a great business idea but you need to raise money to invest in it, the traditional banks are often too risk averse so you have to turn to the strange world of venture capital finance and that means dealing with people who make the Dragons Den entrepreneurs look nice, kind and generous!
You need a proper business plan and if you are going to get involved in venture capital, you should take professional advice. Advice now could a) get you the money and b) save you a fortune in the future.
Overnight Brad Semp announced on Twitter a new cashmap has been released under the Simpleology brand - the Financial Survival Strategy Cashmap. affiliate link
It is free and you get a one hour audio of Brad Semp and Mark Joyner explaining what can be done to improve your finances, step by step.
I have deliberately been quiet on the recession recently but it is time to get back to focusing on the essentials so that you survive the recession - and that means putting cash flow as your number one priority.
Saturday I listened to American entrepreneur Bill Bartmann's tips on how to survive the recession and today I have read a guide from accountants Leonard Curtis about how long the recession will last and what owner managers should do about it.
The key message in both is that the emphasis has to move from growth to survival and from managing for profit to managing for cash.
At a time when the UK economy faces a sever recession and the latest statistics show that huge parts of the country are 60% or more reliant on public sector expenditure, the government is accused of failing to support the entrepreneur.
And today I received an email from Companies House announcing the increase in fees for late filing accounts - including dormant companies - so bureaucracy triumphs over the idea of cutting red tape.
I have just downloaded an interesting report from Pegasus (the IT systems people) on the pressures facing a Finance Director (FD) in small and medium sized businesses which outline how an FD can help their business.
A quick summary
SMEs are very important for the economy
The burden of regulation compliance falls heavily on smaller businesses
The economy is turning nasty
It then gives the five steps you should expect from your Finance Director:
I help small business owners find hidden profits using low cost, low risk strategies.
I guarantee a 500% return on investment on my coaching.
A commitment to excellence creates a wonderful, virtuous circle of customers who buy more, more often and recommend you.
I am a chartered accountant, MBA and a certified Guerrilla Marketing Coach and have been an independent consultant / coach since 1995.
My profit coaching is a combination of marketing, business strategy and finance using the Eight Pillars of Business Prosperity.
I only work with coaching clients in the UK and can be contacted at paul@plancs.co.uk or call 0121 554 4057.
Beauty and the Beast
The beauty is my Italian spinone Gina, the not so hairy one is me...
