|
Finance
Mortgages, pensions, loans, shares, savings |
|
|
|
|
|
|
Small Business Reject Dragons
Small Businesses flame Dragons Den
A recent survey by UK based company; KashFlow revealed that nearly 65% of small businesses believed that Dragon Den’s Duncan, Peter, Deborah, Theo and James represented bad value for money. With SME’s saying that they would flatly refuse any offers from any of the Dragon’s, instead opting to use banks and private investors for a more reasonable split of the profits.
Over 700 businesses took part in the survey, and almost 36% stated they where more likely to accept their offers to gain their experience rather than their finical support. 27% admitted that they might accept in an attempt to grow their company, 24% because of the public relations opportunities, and 6% would accept only if they had no other if option.
The survey was carried out in an attempt to understand small companies financial needs, Managing Director of KashFlow, Duane Jackson stated: “Many business owners don’t realise that if they just kept a better eye on their business expense and cash-flow they would probably not need to approach television shows for funding and could get a much better offer either from a private financial backer or the banks”.
He then went on to say: “When KashFlow was looking for private financial backing I would have never dreamt of going on television and giving away 50% of my company just for a bit of extra publicity and I think many business owners realise this after they have appeared and this is why so few deals complete following an offer on camera”.
www.businessinberkshire.co.uk
| DOWNLOAD | | [ Small Business Reject Dragons ] |
|
|
