It is amazing to learn that some businesses do not really understand where their core business comes from or how their sales are generated. In fact many business people even neglect or overlook the opportunity to introduce existing clients to new products or services. They always seem to be seeking that elusive ‘new and bigger [...]
When a business is setup there are always a hundred and one things to be done. Often the business owner starts off with a list of aims and objectives for the business. This list can be anything from simply the desire to survive the first year to how many customers they would like to acquire [...]
The primary objective of any business is to create a profit. Profits are often driven by the cycle of supply and demand. Thus consumer behaviour is intrinsically linked to the economy and will always have an influence on the economy. Having an ongoing pipeline of prospective customers is only one side of the profit equation. [...]
There is a vast amount of generic information available on running a business. There is also a lot of information covering the different aspects of running a business such as branding, accountancy and sales. There are numerous books available from different experts or successful people about growing or running a business. There is also a [...]
There is no doubt that all businesses now operate in a global market place and there is no avoiding it. Recent events in the USA have served to highlight how connected and interconnected we really are. Developments in transport and communication now make it possible to conduct business on more than one continent as well [...]
There are many people who have a speculative business idea floating around their head that they believe could make them a ‘shed load’ of money. Whilst they may have a fantastic idea they are seldom able to answer simple questions relating to their idea. One of the most simple questions to be answered is……why would [...]
Question: What do all the Dragons on Dragons Den have in common? Answer: They have multiple streams of income. Yes they also have a lot of money! A key commonality is that they all earn money from a diverse source of businesses or income streams. Deciding what to do with the profits of a business [...]
At the time of writing there are less than 900 days to the start of the 2012 Olympics. The 2012 Olympics brings with it numerous opportunities to become a supplier to one of the larger companies that have successfully tendered for large contracts from the Olympic Delivery Authority. Being part of the 2012 supply chain [...]
Growing a business takes commitment, hard work and possibly an element of risk. In many cases it will require a change in mindset. That is to start working ‘on’ the business and not ‘in’ the business. This does not mean relinquishing control. In essence it means setting up policies, procedures and internal steps that will [...]
The management and leadership skill of a small business owner is often one area that is neglected in a small business. Taking the time out for personal and professionally development is equally as important as securing new business. Improving management and leadership skills is often a task that remains on the ‘to do list’. It [...]
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