However, taking a company from an eager start-up to a rocksteady brand is far from straightforward. There are plenty of ups and downs which need to be successfully navigated if you want to see your business still standing five or ten years down the line.
The biggest hurdle? Money.
Phil Foster, CEO at Love Energy Savings said, “We’re all about saving SMEs money on their energy and utility bills.
“But we know that there are plenty of others things that SMEs could cut down on to strengthen their prospects in the long run. Increasing an understanding of the common pitfalls entrepreneurs fall into when it comes to money is key to ensuring that business in the UK continues to thrive.”
Love Energy Savings spoke to business leaders that have been through the gauntlet of running a small company themselves to learn what SMEs are wasting their money on, and what they can do to change that.