There are lessons for all businesses in this week’s collapse of Arcadia, albeit High Street Retail has had its own specific problems for many years in the shift in consumer habits to online retail spending.
All businesses need to be agile, aware of changes to their systems and processes not least from the growth in AI and technology.
They need boards with a wide range of expertise but equally importantly, they need investors who are willing to be patient and invest for the longer term.
What they do not need are owners/investors whose sole focus is to extract maximum profit as quickly as possible while taking little or no interest in the business’ development.
If you want investors who are willing to be engaged, to contribute both money and expertise for the longer term, why not contact K2.