Succeeding as an SME

I wrote an article last month for an accountancy magazine. They asked me to focus on small businesses, what makes them succeed, and what difference an IFA can make. I thought I would give you edited highlights focusing on those points relevant to retirement planning. I focused on SMEs (small and medium sized enterprises). The DTI (Department of Trade and Industry) describes these as a business with a head count of 250 or less. This may seem a large number of employees, but of those that fall under the SME definition, 71% have no employees at all and 24% have less than 10 employees (DT...