If businesses aren’t profitable, they aren’t worth your time investment. Learn more about about improving profitability at your business.
Writing this in Week 20 of Covid-19 Lockdown (early August 2020) we continue to see budgets being squeezed and headcounts under pressure. And this is only going to get worse as we emerge from Lockdown and the furloughing scheme is phased out. We have consistently been drawing attention to the benefits of outsourcing; after all, […]
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We work with loads of small businesses and we are regularly called on to explain what the numbers actually mean to the people running them. We tend to find that the focus is usually only on one part of the picture – growing sales volume – frequently coupled with cutting costs. But that focus tends […]
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If you put your prices up you would probably lose some business – right? But do you know how much sales volume you could afford to lose – yet still be as profitable as you were before you hiked your prices? Every business is different and you need to understand how the “Price : Volume […]
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Your businesses success can only be determined when you measure things – anything from the number of customers you have, your turnover, or the success of your sales team. The right things are known as your Key Performance Indicators (KPIs). If you measure the right ones for your business, you’ll be in control of your […]
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The financial health of your business is a key indicator of how well it is performing; and many business owners don’t recognise what that key indicator is shouting at them. They simply may not realise when their business is struggling. Not noticing these warning signals can be a big problem so you quickly need to […]
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Cloud computing is one of the rising stars of business IT services. Being able to store and use systems remotely, accessible from anywhere can save businesses many hundreds of pounds in software licence fees and time transferring information. One of the best applications for our clients is cloud accounting systems. They are incredibly useful in […]
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While the UK government is still consulting with experts on how late payment penalties should be enforced, there is a real danger that small and medium enterprises (or “SMEs”) could face financial trouble from slow payers and bad debtors. Research has found that UK SME businesses are owed £30.2bn and 85% of companies experienced significant […]
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The UK is expected to be strongest performing of the largest economies in 2014, with GDP growth expected to exceed its pre-recession peak this summer. This is not the only good news for the UK however as productivity levels, albeit still below their pre-recession levels, are showing significant improvement, rising 0.3% in the final quarter […]
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A top priority for many high profile technology firms this year is the automation of software development¹ as a way to stay competitive and continue growing. Mike Manos, CTO at First Data Corp. has said that “to drive and scale this business forward, automation at every level is really key”. Automation is not solely confined […]
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As consumer demands continually evolve, so too does the SME landscape within which these consumers procure goods and services. There has been a noticeable shift in consumer attitude to what is expected from a business; winning the price war alone is no longer enough, so businesses have to think differently. It’s not just consumers whose […]
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