Price is a trade-off between the value you deliver and the perceived cost to the customer. If you raise your prices and nobody complains, you probably did not raise them by enough! It is easy to be glib. Like our clients, business consultants live in a world where...
Strategy
Use MVP to deliver new product success
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...
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.
When a business collapses do you always heed the lessons?
When business people see the increasing number of articles coming out about the collapse of businesses in the public eye, there is a temptation to think that it is solely a result of them growing too big and too fast. However, like the collapse of any business, there...
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...
2023 and Beyond. How can a business plan
If you are a small or medium-sized enterprise, as we approach the end of the Annus Horribilis that was 2022 and try and look forward to 2023 the future holds lots of uncertainties. We are on our 3rd Prime Minister this year, we see no end to the war in Ukraine and its...
Where has all the money gone?
Some might say that building a projected cash flow of their operating activities would send them to sleep, but the reality is that it can help you sleep at night. Cash is a critical part of the equation for most business decisions – and a lack of it is a key reason...
8 tips to take your business to new markets
When running a successful business, there often comes the point where you have reached your maximum potential in your target market. You have two options: stay still or find new ways to expand your potential even further. Breaking into new markets is crucial for those...
How to minimise rising costs in your business
The issue of rising inflation is no secret. Last month, UK inflation hit 9.4%, with prices growing the fastest they have in the last 40 years. As a result of inflation, many businesses are facing increasing expenses. From energy to supplies, costs have gone up and...