If you don’t know where you’re going, then you might not start improving. A company that isn’t improving is moving backwards. Learn more about business planning here.
“The journey of a thousand miles begins with a single step.” However, if you don’t know your starting position, the journey may be considerably longer. For a business, this means knowing your most vital operating information. As your time is limited and information is not free, you need to identify the minimum facts about your […]
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With the chancellor’s announcement in the March 2014 budget that loan based crowdfunding investments can be included in ISAs, it’s clear that crowdfunding has well and truly become mainstream. According to a 2013 study commissioned by The World Bank, the scale of the crowdfunding market worldwide is expected to be as high as $96bn; that’s […]
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The United Kingdom has suffered 13 recessions since 1812. The Global Financial Crisis of the late 2000s saw the UK suffer its worst recession since the war. Revised GDP data published in December 2013 shows that the ‘double dip’ recession took place between Q4 2011 and Q2 2012. The catalyst for which was the European […]
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There has been much publicity in recent months over an ‘SME lending crisis’. The Breedon Report, published in March 2012 predicted a gap between supply and demand of up to £190bn by 2017. Britain’s banks have been accused of ‘ruining the country’ as a result of the lack of lending. This has resulted in many […]
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You wouldn’t embark on a journey without first planning your destination and how to get there, and the same principles apply in business – as the old cliché goes ‘If you fail to plan, plan to fail’. Planning makes perfect It doesn’t matter how large or small your company is No matter the size of […]
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If businesses are expecting growth it is important for them to critically evaluate their growth strategy to ensure that they can cope with the anticipated changes – and therefore grow in a sustainable way. You are not alone The owner manager can often be a lonely role and when considering how best to position a […]
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The 16th century English philosopher, Francis Bacon, coined the phrase ‘Knowledge is Power’. Whilst some may consider it a cliché, the statement is just as true in 21st century business as it was during the English Renaissance. Without knowing what is happening within a business and knowing how to improve, leverage opportunities and grow, a […]
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Is “Sell More, Earn More” a false economy? When you interact with SME business owners on a regular basis it’s inevitable that many of your conversations will focus on the performance of the business; and if you are engaging with ambitious business owners, you are likely to have heard the following assertion… …“If only we […]
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Business theory is all well and good, but do we all need a bit of serendipity to succeed? When you look for help to start up a business in the UK, you find a wealth of information and support from experts about marketing strategies, business plans, researching markets and trends, analysing data – a logical […]
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