Business Development
Budgeting is one of the most important business tasks in running a business as it sets expectation and parameters for your business to operate. If you do not set a budget it increases the risk of risk failure and closure. Most companies that set a budget just see it just another administration task and do not stick to it because …
If you are looking for ways to improve your business, most business owners try to look for operational improvements, however, the answer may be improving your identity through branding. Branding is not just for large companies, it is an essential way for small business to communicate with their customers what they stand for and what to expect from them. Branding …
There are many ways to improve business performance, but not all of them are effective for every company. The following eight tips are a good place to start if you want to improve your business performance. Whether you’re the owner of a company or business, marketing manager, or marketing coordinator, you want to be thinking of ways to increase your …
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 high-quality financial reporting to help understand and improve your business. Key benefits of producing management accounts: Getting …
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 Galactic or …
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 …
