The need for NEDs in burgeoning businesses

Article Abstract:

It is likely that a non-executive director can play a valuable role within the management structure of a small business, although there is very little information available on this subject. Non-executive directors can be particularly useful in helping managers to draw up business plans and strategies and ensuring that these are implemented appropriately. Research into the impact of non-executive directors on large companies indicates that they can boost the efficiency of board procedures and are in a good position to arbitrate during disputes.

Corporate directors, Influence

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Wanted: an ABC for greenhorn entrepreneurs

Article Abstract:

A shortage of appropriate advice could mean that many of the small businesses which are started up in the UK every year fail to flourish. Research indicates that it is common for small businesses not to have a clear strategy for expansion. This is particularly the case among businesses with up to 50 employees. Many small business managers are uncertain where to obtain advice about issues such as marketing and training. They also fail to make effective use of information technology.

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Bank on a good business relationship

Article Abstract:

Small businesses should carefully consider the charges they pay to their bank, comparing the services available by consulting the British Bankers' Association website. Once a bank has been chosen, it is important to create a strong relationship with a business bank manager.

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