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Business and Enterprise Minister thinks outside of the box

Mark Prisk, the UK government's business and enterprise Minister, has today introduced a very interesting topic into the small business arena. As the liquidity crisis continues in the UK financial arena he believes that some small businesses should be looking to swap equity for additional funding in the short to medium term. While this is commonplace in the property sector it is not something that many small business owners would automatically consider.

However, when you consider that the former boom years in the UK saw the creation and expansion of a number of small businesses then perhaps now is the time to "cash in these chips". While many would argue that selling a share in your business in the current economic climate is commercial suicide, can it be any worse than running out of money before the UK banking arena increases liquidity?

It is the old conflict of interest, would you want to own 100% of a failed business or a majority stake in a successful and well-funded business?

While some would argue that the Minister for business and enterprise is a little naïve in his fundraising suggestion, surely now is the time to think outside of the box and attempt to secure a future in the business arena?

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