The basic idea behind any business is to purchase, process, or develop a product or service at a specific cost, and then sell the product or service at a higher price than the original cost, thus making a profit. But it’s never that simple in practice. There’s only so much a company can do to […]
Continue ReadingEmployee productivity is a cornerstone of success, but it can be difficult to motivate them sometimes, and impossible to simply will them to do so. By providing incentives, benefits, open communication lines, the right software and systems, swift meetings, and continued training; your business will keep humming along the right track. First and foremost, treating […]
Continue ReadingEvery SME owner will want to take steps to boost growth for their company as this is how you go on and find greater success, but knowing how to go about doing this will be a challenge. It will depend on the industry that you are in, but there are always a few different ways […]
Continue ReadingAs the prospect of a no-deal Brexit looms increasingly large, a number of industries are continuing to deliver warnings to the UK government. The automotive sector is no exception to this rule, with market leaders suggesting that the failure to land an amicable deal could damage trade on both sides of the Channel. This is […]
Continue ReadingWhether you’re a business owner, manager, or supervisor, you’ll know that a happy and content team will always make for better results, regardless of the line of work that you’re in. Customer-facing employees tend to provide a far better-quality level of service when they’re content with the job that they are doing, whilst office workers […]
Continue ReadingIt’s startling to realize that over eighty percent of business failures stem from cash flow problems. That’s a disturbing number of shattered dreams and fortunes. This only goes to show that the ability to manage any cash flow situation, from normal accounting procedures to a sudden emergency, is a crucial skill that business owners ignore […]
Continue ReadingIf you are looking to start or grow your online business, there are undoubtedly many different challenges to face. You need to find the right products or services to provide, the right way to deliver them, and of course, you need to build brand awareness too. However, before you can do any of that, for […]
Continue ReadingRunning a small business can be very rewarding, but there’s a lot of responsibility that goes into managing it. Perhaps the most important part is the accounting aspect. This involves adequately managing all pertinent financial information such as debt, expenses, and receivables. If you do not stay on top of this, any business, especially a […]
Continue ReadingBusinesses which are looking to utilise an office for their operations would do well to consider the importance of office location. No matter the shape or size of the business, location can sometimes make the difference between success and failure, so finding the best office location should be a top priority for any business owner. […]
Continue ReadingEntrepreneurs and small business owners need to be mindful of their most valuable resource: time. Yes, money will help you extend your runway, but time is something that is always being spent, with or without your consent. You can outsource certain tasks to minimize operating costs and keep your business competitive. So, how do you […]
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