Business Development
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 …
You know that it’s time to set up your business, but you can’t seem to get the ball rolling. You feel like you have all of the pieces but there’s no clear direction. The last thing you want to do is waste time and money on an idea that isn’t going to work. If you want to be in business …
“If you build it he will come” – Field Of Dreams Many start-ups go into business with believing that as soon as they launch their customers will rolling in and buy. As many start-ups find out, the reality is very different from the movies. On starting up they suffer from slow sales and are almost immediately under the threat of …
