Entrepreneurs share their insight for SMEs at The Business Show

IN: Business news

On Thursday, Aldermore attended The Business Show, an event which took place over two days at London's ExCel centre.

The exhibition and conference offered SMEs the chance to hear from some of the UK's leading business experts with speakers, most of whom had founded their own businesses, kindly sharing their collective experience.

Business growth and development were major themes of the speeches at the conference, with property developer Caroline Marsh stating that, 'The day you stop learning, is the day you stop earning.' Indeed, according to Marsh and several other speakers, SME owners must always be developing ideas for growth.

"You need to take time to work on your business, not just in it," asserted SmartaHQ founder, Shaa WasmundRachel Elnaugh, the mind behind Red Letter Days, echoed this sentiment, advising SMEs to 'Spend 50 per cent of your time on input, 50 per cent on output.' Seminars from Paul Lindley, Simon Duffy and Eamon Fitzgerald also offered SME owners advice on growing their own businesses.

Comments from a number of the speakers also suggested that access to finance remains a major barrier to investment. Wasmund in particular, who previously worked alongside James Dyson on launching the now-famous brand, recounted that every bank turned Dyson down for a loan, forcing the start-up to turn to alternative funding methods.

You can follow day two of The Business Show in the #tbs2013 hashtag .

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