Small and medium-sized enterprises (SMEs) face many challenges when launching new products or services. The Minimum Viable Product (MVP) strategy is a game-changer. When properly used, MVP enables SMEs to validate ideas, save costs, and gather valuable user feedback...
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Marketing success with the Rule of 95/5
Rao's is a New York restaurant open since 1896 where you only get to eat if you are invited by a regular - think Woody Allen, Robert De Niro or Al Pacino! Will Guidara, the author of Unreasonable Hospitality and former owner of Eleven Madison Park, says it took him...
Changes to R&D Tax Credits: What You Need to Know
There have been many changes made to the UK R&D tax relief schemes. Much of what was previously mooted by the Government has now been ratified and some additional details on how the changes will work are available. Headline summary: Most striking is that R&D...
Six ways to use Artificial Intelligence to grow your business
The top six ways to use Artificial Intelligence in your business and warnings of pitfalls to be aware of. UK SMEs are adopting AI faster than large companies.
Get your hiring mindset into gear
The most helpful advice I have received recently on hiring was that a new salesperson needs to generate ten times their salary to justify adding to the team. The advice came from Donald Miller at his April Business Growth Boot Camp, where he shared how he...
Changes to Capital Allowances in the Budget
There has been some positive news for claimants of Capital Allowances for Property Embedded Fixtures and Fittings in the Budget As expected with the increase in corporation tax taking effect from 1/4/23 the Super Deduction will end - this was designed to give you...
Are you the subject of an HMRC R&D Tax Relief enquiry?
There has been a rash of these enquiries in these last few weeks with a deliberately scary and sometimes perceived as threatening incoming letter demanding detailed explanations of why your claim qualifies, details of how the time of staff and consultants were...
JUST SAYING …
There’s a saying ‘practice makes perfect’. It doesn’t. Practice makes permanent, so what you practice every day across your business really matters. How you go about prospecting and selling, how you manufacture or provide service to the demands of your customers, how...
7 credit management tips for maintaining cash flow
Maintaining positive cash flow is integral to the long-term running of your business. It enables you to meet your financial commitments and keep your operations ticking. However, there are constant threats to cash flow. One that frequently affects businesses is late...