There are many beastly people out there trying to lever money out of your wallet and the levels of sophistication of their phishing scams can bea really eye opener. And it affects you equally as much in business as it does in your personal life. We recently learnt about a garage that got done for […]
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We wanted to take this opportunity to remind you just how Tectona can help you. In short, Tectona Partnership helps businesses to sort their finances out. Or, put another way … We “get” finance Our approach is – “get the management right, and you get the finances right”. And areas we regularly roll up our […]
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The UK is only just recovering from one of the longest slumps in history. Throughout the recent tough economic downturn well known brands from both manufacturing and retail industies have suffered terribly and some were lost or restructured – think Woolies, HMV (as we knew it) or the entire British steel industry. Despite the weak […]
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We recently gave you some nuggets if you are strategising your business exit plan; here is another article about the actual “Mechanics of a Sale” First have a look at one of our earlier Blogs to find out how you should start preparing your business for sale in good time – it’s never too early. […]
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There are 7 key considerations when getting ready for sale: 1. Planning Planning an exit strategy is absolutely key for any business owner looking to maximise value from all the hard work you have invested in setting up and growing your business. The old adage “failing to plan is planning to fail” is hugely relevant […]
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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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Question I am the owner and manager of a boutique executive search consultancy business. The business turns over about £5m and I have half a dozen billing consultants who, like me, are heavily involved in business development. In addition we have a small team of researchers and a couple of support staff. I have a part-time […]
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Christmas is upon us and the stores are full of festive joy. Your staff have already started to plan their Christmas meals, search frantically for presents and those Christmas parties are appearing in their diaries. It wasn’t that long ago that businesses, especially corporate service companies, welcomed the slowdown so they could catch up with […]
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My bank won’t give me a loan to expand my production. What should I do? The obvious – but wrong – answer is to look immediately for another bank that will lend. The danger is that your bank has made the correct decision on the information you gave it, and by simply reapplying elsewhere you […]
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Question of the week: 1. How will implementing FRS101 and FRS 102 affect my business and what should I be doing now to plan ahead (my year end is 31st December)? 2. Which is the better one to comply with? These were the 2 coupled questions posed by Colin from a manufacturing company. This […]
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