Tea with the business adviser to business advisers, the legendary Mr Mike Ellis

Mike Ellis’ passion for business growth is rather infectious, yet our discussion was very light-hearted in the spirit of what Tea with Lily is all about.  I have personally learned a lot from him over the years and was absolutely delighted that he agreed to have tea with me because he can be 'shy', when he wants to be.  Some highlights below:

Don’t fund a fixed asset purchase on a short term loan and for the lay person, don’t buy a truck for your business on an overdraft.  You might consider leasing as an alternative.

Entrepreneurs should have a certain level of doggedness/killer instinct in order to succeed.

Mike Specialises on Start-up loans through Prospects UK.

3 Tips for business owners:

• Cash flow is King;
• Be resilient;
• Family support is crucial

Mike’s guilty pleasures: Fine wines, decent ale and good food.  Also goes to the gym to keep body and soul in shape and has a deep affection for history.

"If you don't believe in history, you are ignoring your past and it's your past that sets your future."  Mike Ellis