Despite the general gloom, the last few months have been busy for the Growth & Acquisition Finance team in London. We have been working with entrepreneurs across a range of businesses - from dry docks in Gibraltar to IT services in Surrey. Business owners have been knocking on our door, eager to find ways in which they can access capital for their business. Our meeting schedule is filled back-to-back with entrepreneurs seeking to raise finance to grow their companies. The eagerness and enthusiasm makes us wonder - what is different about this particular group of people, a breed commonly referred to as the Entrepreneurial Class?
Recession or not, the entrepreneur plays a different game when times get tough. They emerge with battle scars, but tougher for pulling their businesses through. Sometimes innovating, sometimes acquiring, sometimes downsizing and re-structuring, the entrepreneur has the flexibility to navigate a nimble enterprise through the worst of crises. While governments invest billions into supporting the economy, it is the entrepreneur that is the lifeblood of the economy and at the forefront of economic growth.