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When to seek business funding
External funding plays a vital role in any business, allowing you to overcome challenges, fuel growth and maintain financial stability. Despite this, many SMEs do not understand the significance of finance, with a British Business Bank report finding only 33% used...
What you must consider when selling your business
Deciding to leave your business for pastures new is a significant one. There are many reasons why people consider exiting a business – ranging from retirement or relocation to simply wanting a new challenge. In any scenario, you will want to ensure you get a fair...
The Hermit Crab – The Best Business Pivot Strategy
Since 2019 the food industry has weathered a multitude of crises, from lock-downs impacting people to the shipping crisis impacting the supply of raw materials and a whole range of financial strangulations along the way. The ongoing COVID uncertainty has forced...
Error Proofing – Why you need to think about the bad stuff
Wouldn’t it be great if we had a crystal ball to see into the future and avoid all the bad things that might happen? Well, this post doesn’t quite do that but what about if we had a neat way of at least thinking about the potential bad things that might happen,...
How will invoice finance help your business?
Data shows that over half of SMEs are affected by delays in receiving customer payment, with many hours spent chasing unpaid invoices. It’s an unnecessary strain on small businesses, leading to a great deal of frustration. More crucially, with an estimated £17.5...
Understanding your finances
This is article 3 in our series of 3 There are 3 layers of understanding that you have to achieve, and I will be covering these in 3 articles covering: Some basic tipsWhat are the key figures in your accounts?Digging deeper with good analysis Digging deeper with good...
Error Proofing – If it wasn’t for those people things would run so much better!
‘I’m only human … born to make mistakes’. So said The Human League back in the ’80s (our younger readers might need to Google that one). The thing is, The Human League were spot on. Whenever you get people interacting with your online user interfaces or participating...
The top turnaround strategies for a small business
Every SME aims to perform at their best. Optimising your operations should ideally bring growth and profit while enabling you to satisfy customers and meet demand. However, you might not be getting the results you want. This can include declining profits, production...
The 5 common fears people face when putting their business for sale
Most business owners will come to a point where they need to sell – whether to prepare for retirement, allow a change in lifestyle or move on to the next challenge. However, selling a business is a life-altering and often difficult decision. It’s no surprise that...
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