Bills are a huge part of your monthly expenses that end up eating a big chunk of your income resulting in a depressing Balance Sheet. While you might consider some expenses inevitable like electricity and water bills, they are in fact manageable with some simple tweaks and cuts that can save a huge lump sum […]
Continue ReadingOne of the most common reasons why businesses fail is financial. According to stats, poor cash-flow is behind 82% of defaults. Furthermore, 29% of small businesses run out of cash, and can’t support their operations any longer. Given the statistic above, the fact that only 40% of small business owners have consulted a financial advisor, […]
Continue ReadingCustomer experience [CX] is the impression that business leaves with a customer, resulting in how they think of the brand across the customer life cycle. The customer experience can either make or break your business. According to the Temkin Group, a reasonable increase in CX can generate an average revenue increase of $820 million over […]
Continue ReadingWhen looking to create a fleet of company vehicles, most businesses look to invest in cars. However, this creates a significant financial burden in terms of procurement costs and emissions-based taxes, causing many entrepreneurs to consider alternative vehicles. In contrast, a company motorcycle is far cheaper to purchase and operate, whilst there’s also an opportunity […]
Continue ReadingThe mentality of the modern office has changed a lot over the years, from contemporary design and layout, through to the equipment and systems being used. Along with changes in the physical and electronic space, employee expectations are also changing. The design and features of your office are quickly becoming part of the decision-making process […]
Continue ReadingWhen running a business, there are many aspects to manage. One of the most important is where you set up offices or a storefront. You will also need to decide whether renting or purchasing land is the best way to take your company forward. Why Location Is Important Where you place your mark on the […]
Continue ReadingAfter disaster strikes, approximately 24% of small businesses never reopen their doors. Even with this in mind, a shocking 74% of businesses still don’t have a disaster recovery plan in place. If you want to ensure your business isn’t added to these statistics, then don’t stop reading now. Here, you can learn what you need […]
Continue ReadingOne of the risks of running a business is the possibility of getting into financial trouble. You could find yourself in a situation where money is going out faster than it’s coming in and you’re unable to pay your bills on time. Debts, in particular, can lead to insolvency as interest payments mount and due […]
Continue ReadingOrganisational psychology is often ignored when it is time to focus on optimising the business and its employees. Certain psychological elements need to be kept in mind as a management team. If these details aren’t kept in mind, it becomes easy for everything to fall apart and for your business to struggle over the long-term. […]
Continue ReadingWhen starting your own business, there are plenty of exciting steps that make you feel like your dream becoming reality is closer than you think. Even though coming up with the budget may be draining, it’s exciting to see your plans being laid out. Coming up with the ideal marketing strategy is tough, but visualizing […]
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