Articles in the business planning Category
By Dave Millett, from independent telecoms brokerage Equinox
Despite living in a country with the world’s fifth highest GDP it can feel at times as though our telecoms infrastructure, especially in rural areas, has barely advanced since the dark ages. Rural businesses suffer from the unholy trinity of no phone coverage, no or very slow broadband and the expense of running in dedicated services.
So if you run a small business in a rural area – what are your options?
In 2011 the government set up the Broadband Delivery UK (BDUK) project, with …
When you first set up your own business, your primary concern will be clawing together the capital to buy the equipment, rent your office space and get your company off the ground. The problem is, in all that excitement and adrenalin, there are often initial start-up costs that go overlooked by most entrepreneurs. In today’s post, we’ll give you a handful of these costs and what they mean for your business if the proper funds aren’t allocated…
Who are your service providers?
Many business owners will factor in their suppliers, manufacturers and …
Guest article, by Stephen Allen, Lightvert
If you travel on public transport you will have noticed many advertisements are now digital, smart, changed at the press of a button. In the movies we’ve seen images of the future with brands displayed everywhere (remember The Fifth Element and Minority Report?).
Here are 4 other world-changing technologies you should be aware of. You’ll be experiencing them as consumers and possibly using them in your own businesses sooner than you think.
Personalised Augmented Reality
Augmented Reality (AR) arrived in our family life with Pokémon Go. For the …
From Lisa Cole of www.less-stuff.co.uk
Despite living in a digital age, children manage to generate a lot of paperwork. From the red book with weight records right through to university prospectuses, every week of parenting seems to bring in a new important bit of paper.
Couple this with work stuff; invoices, insurance certificates and tax returns and you can quite easily have a big mess on your hands.
There is a theory that you should only handle a piece of paper once, as soon as you get it you should either deal with …
What is E-commerce?
E-commerce is short for electronic commerce. OK, many of you probably figured that, but what does that really mean? E-commerce refers to online sales. It’s the transactions that happen on the internet, the buying and selling of products on the web. Yes, it’s not a new concept, but it’s never been as widespread as it is today. According to the United States Department of Commerce, e-commerce sales increased by 15.1 percent from 2015 to 2016. Businesses who avoid selling or buying merchandise online do so at their own peril.
E-commerce is …
Do you need tomake change happen in your business? The beauty of being in charge is that you tend to know what is going on and can influence it. Most of the people you lead aren’t going to feel that way, unless you do something about it.
Jean Gamester from Semaphora believes that what is most important is that you make sure that those that you lead feel they are being kept informed and that they have a say too. You’re going to need their involvement to make these changes work …
Change can make or break a business. Which is why it’s important to understand the costs versus the benefits of any change you decide to push forward in your business.
Very often the driver behind change is reducing costs. These are often attacked and managed – sometimes overly aggressively without adequate attention given to growing revenue.
So how do you manage change while boosting profitability? Clive Hyman FCA of 528 Advisory has nine top tips:
Success measurement of KPIs (Key Performance Indicators): Rather than making your main KPI cost reduction, make it revenue …
In a world where everyone and everything is connected online, you ignore the power of social media to promote your direct selling business at your peril. Indeed, it’s as if this innovation was invented just for the industry. However, while you may be mad to ignore it, picking your way through the bewildering range of social media options can be baffling, but with a few top tips for a successful strategy under your belt, you can see your business boom!
Once upon a time, when starting your direct selling business, …
What happens if someone wants to buy your small business? If they know what they’re doing they will follow a diligence process – meaning plenty of questions for you.
What are they buying? Is your company co-owned, or have ownership of common assets? With family businesses, they will want to understand the business relationship between family members. They likely to want to meet your bookkeeperand whoever prepares your accounts.
Management of the business
Questions will focus around what you have achieved to-date. Are you meeting your business goals? Do you have a …
By John Reynard, Business Counsellor and Author of ‘The Spiritual Route to Entrepreneurial Success’. spiritedentrepreneur.com
Work places work better when there is a positive and creative culture. It is the cultivation of win-win solutions where efficiency, profitability and self fulfilment march hand in hand.
However, no man (or woman) is an island so, in dealing with other people, co-creation also requires trust. If the level of trust is low, misunderstandings occur, fear, short-sightedness and selfishness take the place of reason and poor decisions get made.
So how can we overcome this and create …