IT IS NOT HARD to find an Irish businessman who simply cannot roll through a bad patch by drawing on a line of credit from his local bank. Sometimes the process feels like a garda lock-up. What may surprise some people is learning that many Irish bankers are poor sources of advice about business matters. While working with three different Irish start-ups, I watched and listened to better advice coming from accountants and family members, not the local bankers. And not much has changed, according to
Business Link in the UK. Business Link conducted a survey of high growth businesses and during the Delta Economics interview of 2,120 businesses, a league table of "useful sources of advice" emerged.
Profiessional advisers were the most widely used, both during the start up stage and later in the company's development. They were also ranked among the most useful, slightly behind family members, other entrepreneurs and mentos.