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ISO Certification and Trust
There are many advantages to your business gaining UKAS Certified ISO Standards, both internal and external– but perhaps the most crucial element of the entire ISO framework, and the result that will likely benefit you the most is trust. Certifying compliance with...
Managing Perceived Over Valued Products
Occasionally an organisation will have a specific product or service that will have a perceived higher degree of importance. It will actually be or be seen as fundamental to the success of the business and any disruption could cause irrevocable damage to its standing...
Internal versus external growth: which should your business focus on?
When growing a business, there are many routes you can take to achieve your goals and step up to that next level. The key is finding a strategy that works. This means understanding the available options and identifying tactics that most suit your company. When...
Should my business be claiming R&D tax relief?
Innovation is all the rage in business. However, it often comes at a price that can pressure any company’s finance. Fortunately, the government seeks to encourage innovation. As more businesses utilise innovation, they can improve processes, find solutions to even...
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...
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