FT: Outside advice doesn’t always aid growth

By Jonathan Moules

If you want your business to blossom during its early years, do not seek help from anyone else, except perhaps your banker.

This is the conclusion of a study of 1,800 businesses by Delta Economics, which discovered that the businesses that did not seek outside advice expanded their turnover 20 per cent faster than those that did.

Founders who had taken business advice from nobody were 6 per cent more likely to have higher growth than those that sought advice. And this growth was 100 per cent higher for founders with companies that had been trading for less than five years. (more)