In his recent column for the Daily Telegraph, Lord Sugar (best known through the TV Series The Apprentice) implored small and independent business owners to return to the basics of business. All you need to balance the books he said, is a pencil and paper.
Indeed in today’s world of profit and budget forecasts, turnover underwritten by credit and all number of Excel sheets predicting business for the coming 24 months, it is easy to get lost in the fact that a business remains at the very bottom line exactly that; a business.
Lord Sugar was quoted that as he started out, he simply had weekly targets. He knew how much rent he had to pay and if he hadn’t met his overheads by the end of the week then he would have to work twice as hard the following week.
Today Auto Windshields went into administration. Another casualty in a long line of recent businesses which have become victims of our poor economic climate. It is easy to say that they were the victim of circumstance or just plain unlucky. However the truth is that just as with the banking crisis 18 months ago, it is the businesses which are built upon solid foundations which will prevail.
Often that solid foundation takes more time, patience and in some cases opportunities perceived at being lost. However, the financial security on which every business should be formed will in the end be the difference between those companies which succeed and those which fall aside.
Swapping budget forecasts for pencil and paper never hurt anyone (or business) for just one day.









Have you ever been rejected for a job because of being ‘over qualified’?
Chris Buttress, a local government partner at PwC Accountants has predicted that up to half of the expected 490,000 public sector job losses resulting from the cuts in last week’s budget would come from councils.
It’s often thought that there can be nothing worse than job losses and redundancies in the workplace. From an employee’s perspective that is probably true, but for the employer the issue can spread even further.
Ed Miliband’s close-run victory over his brother David has triggered real debate over whether his backing from Trade Unionists will hamper the Labour party in the future. This seems to have brought to a head the major divide in politics at the moment – should we cut the deficit, or should we spend our way out of recession?
Recently featured in an article on BBC Asia was the Boteli Valve Group based in China. The Group have a monthly output of $5 million (£3 million), but the company’s director is more worried about the faith of his workers than the profit of his company.
The Bank of England has fuelled anxiety over UK recovery hopes after warning of a squeeze on households from slowing growth and high inflation, as well as uncertain international prospects.
Conflict is to be welcomed at times. It can reveal truth. It can lead to progress.
We have all seen the immense difference to results when a team is together pulling in the same direction compared to one that is not. We’ve seen this throughout the World Cup 2010 with France, Italy and sadly England.


