Business Development
There is always room for improvement in every business. Most small business owners do not have the time to review their business as much as they should. Below are business performance strategies any small business owner can implement quickly to help improve their business. 1. Accounting Software Getting the right accounting software is crucial for your business. Get an accounting …
Many small businesses do not produce management accounts, by not doing this they are putting at risk. Small business owners tend to perceive management accounts as just another administrative task. Booking keeping & financial statements are focused on record keeping and compliance. You can leverage management accounts to help understand and improve your business. Key benefits of producing management accounts: …
If another business is able to copy or steal your ideas, inventions, contacts, designs or knowledge your business is at risk. Protecting your ideas and intellectual property is crucial for the sustainability of your business, potential investors will reluctant to invest in a company whose intangible assets are not protected. There are five main ways to protect your business‘s intellectual …
Here at SGI Consultants, we are focused on helping you to start and grow your business faster and easier. I think it’s a good idea to clarify some of the biggest myths about building a successful business. 1 – You Need Lots Of Money To Start Or Grow If you are planning to launch a spaceship like Virgin …
The Centre for Economics and Business Research (Cebr) expects the UK economy to grow by 2.5% this year, but see this slow to 2% in 2016 and then just 1.7% over the years 2017 to 2020. Managing a small business in the current economic environment can be challenging, here are some tips to improve your business and ensure it stays …
Most small businesses start-up from home. Some do this by choice, others think they have to work from home to keep costs down. There are many benefits to working from home, for some it provides them with the perfect work-life balance and they are happy to remain small. If you are hoping to grow your business, I would recommend moving …
For most business owners it always seems like prices are increasing. That may be so, however, as part of a wider business improvement program, you should always aim to find cost savings within your business. Starting a cost reduction program can seem daunting, there are a few keys areas you should be able to find cost savings that will yield …
Growing your business is always tough for small businesses and start-ups, especially when they only have a limited amount of working capital. You can’t let this stop you from planning to grow. Every small business should plan to grow, failure to so puts you at risk of being overtaken by your competitors. To put it simply, you either grow or …
Sir Alex Ferguson has revealed his managerial blueprint in the Harvard Business Review. It is an amazing interview which confirms him as one of the greatest sporting managers/coaches in sport in history. What is surprising is the how many of the principles that Sir Alex followed can be used in business by business owners and their management teams. 1. Start …
Have you started up your business? If you want to be in business in the next three years time you will have to implement sustainable business processes. A lack of planning is a key reason many start-ups fail. Here are 8 steps you need to take to establish your start-up to improve performance and reduce risk. 1. Buy Accounting Software …
