Business Development
A lot of businesses are fighting to stay afloat at the moment, as Brexit-related uncertainty, global trade tensions and COVID-19 weigh on the economy. As a business owner, how do you keep your business afloat? Finding ways to reduce costs is something you should consider. Most business owners focus on growth strategies, sometimes market conditions mean this is just not …
Employees are the most critical part of any business, you can have the best product or service in the world, but if you don’t have the right people, you will never be able to grow your business. Understanding how to recruit and retain the best staff is a skill that every new business owner should possess. Without high calibre, motivated …
There are a couple of questions we get asked a lot. “How to run a successful business?” and “How do we get from being a start-up to being a successful and established business?” We have studied hundreds of different businesses and have identified five characteristics, most of which share. They have a strategic direction and a clear plan for achieving …
Whether you are just starting up or an established business, every business has room for improvement. The market is constantly changing if you are not planning to improve and grow your business; you are just stagnating and risking sustainability. This is why the stock market value of companies crash when they announce lower than predicted sales growth. Growth is a …
Choosing a business model is one of the most critical factors setting up your company as it determines your product, how the world views your company and most importantly, how you make your money. For internet businesses, there are five main options Advertising The Facebook model, a free product for users, revenue is generated by targeted advertising. This is fine …
Is your business stuck in a rut and not growing as fast as you would like? Instead of waiting for something to happen, as a business owner, you need to take the initiative and attempt to transform your business. Transforming your business doesn’t mean you need to employ expensive consultants to analyse re-engineer your processes and technology. You can transform your …
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 …
