The Secret To Good Cashflow You have almost certainly come across the old adage “Turnover is Vanity, Profit is Sanity, Cash-flow is Reality” – but what does it really mean? Well here’s a few thoughts for you. Turnover is the lifeblood of any business – it needs to be properly managed at all stages of
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Get More From Networking Most small businesses network. The aim of networking is to get more business. Let’s be honest, you may enjoy meeting new people, catching up with friends, but at the end of the day it really is all about getting more business from networking. Referrals are those introductions that help you get
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Business plans, we talk about them a lot. Which, got us thinking. We really should offer something for our clients to use themselves. So, after a lot of searching, seeing what is good and bad. Then taking out anything we thought would make life difficult we came up with a business plan template. It is
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Getting better business results is something all companies want. If everyone wants it then why do so many businesses not get the improved results they aim for? Any small business has competition. The key to much success in the small business sector is down to collaboration. That means working with, rather than against your competition.
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We use plenty of business growth models, all of which offer different positive and negative elements. The RECoIL model is one of the easiest to understand. It works on splitting your business into different areas then looking at factors within each. This is about ensuring you have the correct skills in place to achieve business
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Porter designed a model centred around various business risks. The risks are prevalent in every business to a greater or lesser extent. The Porter model looks at five ‘forces’, being; Supplier Power Buyer Power Competition Substitute Product New Entrant Barriers The idea of the model is that it gets you to think about where your
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Grow my business. A common aim among entrepreneurs, small business owners and directors of mid sized companies. But where does the innovation for ‘grow my business’ come from? A business will grow for one of a few reasons, for example it may be; Cope with demand React to competition To meet it’s costs Market opportunity
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Grow your business through delegation It’s a pleasing moment when you tick a task off your company ‘to do’ list, one that is short-lived when you realise lots more have been added to the bottom. You are in a vicious circle of desperately needing support, but not feeling you have the time or budget to
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