SMEs need to innovate to compete in the regional, national and global markets. But how do business owners innovate when they are pressured by so many issues? SME growth in the U.K. remains strong although Start-ups fare poorly in terms of access to credit, technology, and skills. A practical innovation framework I use is that of...
It may be form a relatively small percentage of overall business lending today, but ‘crowdfunding’ is growing at a tremendous rate. So here at IMentor we decided to take a closer look at this innovative method to funding your small business idea. What is crowdfunding?As the name suggests, crowdfunding platforms enable groups of people to...
Lets start with some recent statistics [icegram campaigns=”412″] * In the UK, 460 out of every 500 new business start-ups will not reach their 5th anniversary. * The Federation of Small Business (FSB) state that having a mentor will increase your chances of business success by fivefold. So, what is the role of a business...
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