SOLIHULL MP Lorely Burt has advised local entrepreneurs to take a tip out of Germany’s book.
Lorely, co-chair of the parliamentary committee on business, innovation and skills, met with entrepreneurs on the Government’s New Enterprise Allowance (NEA) scheme last week.
The Lib Dem told the budding company owners that Germany’s Mittelstand, which refers to small and medium-sized enterprises, was a model for business.
Economists have increasingly credited Mittelstand companies for Germany’s economic growth in recent years.
Many are export-oriented and focus on innovative, high value manufactured products in international business to business niche markets.
Ms Burt said: “We need to think about this model for strong business. It is something the Government has neglected for some time.
“Small business is actually taking us out of recession. In the West Midlands we are doing really well.
“In our country we’ve got a small number of big companies at the top and tens of thousands of little businesses. My advice to these entrepreneurs is do not just be satisfied with a little bit. Think big.”
Among the entrepreneurs who met Ms Burt was Nikki Radvanyi, aged 39, from Solihull, who will launch a concierge and lifestyle management service next month to offer busy people the chance to have a personal assistant for their private lives.
Ms Radvanyi, who took voluntary redundancy in March last year, said: “The NEA heIped with cost flow forecasts and my business plan was signed off.
“When I was working full time, my service is exactly what I would have wanted.”