How to make your 5 year business plan
We know that managing a small business is exhausting but it’s worth taking some time to think about the next few years – how will your business manage the challenges and opportunities that lie ahead?
Managing
We know that managing a small business is exhausting but it’s worth taking some time to think about the next few years – how will your business manage the challenges and opportunities that lie ahead?
According to Charles Darwin, the key to survival is the ability to adapt and respond to change. This is particularly relevant when running a business.
The award for the basic and easy to use procurement tool goes to cost benchmarking. Here’s a how-to guide.
It’s often difficult to set long term goals for your business – let alone plan for the day when you can extract yourself from the daily grind.
Are you a business owner that has everything in their head? Does your team constantly come to you to ask questions about how something works, what they should do next or where to find something?
Rather than simply accepting whatever products, prices and conditions organisations can offer, consumers are using the weight of their numbers and technology to redefine the rules of engagement.
One of the most under-utilised and also one of the most effective methods of generating new revenue streams for small businesses is forming strategic partnerships.
Outsourcing is often considered to be a dirty word but it’s a legitimate way of reducing business costs.
Finding out information is a crucial part of running a business. No matter what industry or sector you are in, effective communication with stakeholders, customers and employees can make a huge difference to how smoothly things run.
Has the new year allowed you some time to reflect on your current vocation and state of employment and found you wanting more?
Industries as diverse as software, real estate services and even manufacturing are moving towards the subscription economy. Here’s why you should take advantage of this.
There is a lot of hype around Lean at the moment, and while many large companies have been using Lean principles for decades, it’s still quite new for small businesses.
Nearly every business is striving for growth and looking for the secret formula to help them achieve their objectives. However, the growth journey is often not a smooth one.
The days of leaving your staff to do the work whilst you have a power lunch are over. Listening to employees is the new shouting at them. How else would you get the best out of Gen Y, who treat authority with the same sort of disdain as the rest of us treat a bad smell?
It’s a dream come true (and a relief) when you start a business and it’s an instant success. When success comes quickly, fast-growing businesses end up juggling a lot at the same time: a flood of new business, growth in staff numbers, compliance matters and much more.
Before 2013 gets into full swing, it’s essential to set aside some time to make goals for your work and personal life.
Read on for some great lessons in how to improve customer loyalty.
Planning how you will manage your customers when your offices are closed or have reduced resources available is time well spent. When developing your plan for out-of-hours management, here are our five top tips.
Bold business plans should be made on every day of the year – except for December 31.
Today everybody seems to be in a hurry. We live in a world that craves instant success, gratification or results in all aspects of our lives.