We are a dedicated platform connecting Medium Sized Business (MSBs) with Professional Advisers.
Due to its unique focus, the platform makes it easy for Business Owners and their executives to find engaging and relevant content and, in turn, enables content created by the Professional Services community to reach the wider Business audience.
The platform will serve as an informative and cohesive destination for Business Owners and Advisers ultimately helping to improve the flow and engagement of expertise to uncover opportunity, fuel innovation and drive efficiency.
While BusinessTV is for businesses of all sizes our primary focus is to connect Medium Sized Business (MSBs) with Professional Advisers.
About Medium Sized Businesses (MSBs)
Not to be confused with SMEs, (the very term ‘sme’ having become a bye-word for small companies only), MSBs are companies classified as having turnovers of between £2-80 million. There are approximately 120,000 MSBs in the UK.
Often refered to as the Middle Market, it is arguably the most exciting and dynamic sector of the economy. MSBs account for a third of all private sector GDP and jobs and they continually punch above their weight in terms innovation, creativity, viability and resilience, frequently outperforming both smaller companies and multi-nationals.
While having much in common with larger companies, MSBs typically retain a uniquely simple management structure, with 80% being owner directed and key decisions taken between only a handful of hands-on stakeholders. These flat management structures deliver many notable advantages, not least of all the ability to to make speedy decisions, in-turn resulting in reduced times to market and increased agility in the face of changing circumstances: qualities that are more important now than ever before.
All MSBs, irrespective of their principal activity, are now faced with a manifold of operational challenges that invariably require professional expertise. Functions such as Finance & Tax, HR, Pension & Benefits, ITC, Risk, ESG & Diversity have all become increasingly complex, regulated, burdensome and intertwined, requiring optimal management if businesses are to remain compliant, reduce risk and achieve the operational efficiencies they require to underpin their strategies for growth.
MSBs acknowledge that they often lack the professional skills internally to manage many of these every day, yet non-core functions, themselves and agree that external Professional Services are critical to their on-going success