Shopping is an everyday activity which most people have experienced at some point in their lives. It is not uncommon for business people to shop for the business in the same way that they would shop for themselves. There are people who will only buy brand name items, there are others who will spend hours [...]
Before the recession it was not uncommon to hear individuals talking about their desire to run their own business. Or alternatively about an idea which they believed would earn them lots of money and make them rich. Having a good 9 to 5 job no longer seemed like the ideal aspiration. It really looked as [...]
There have been many recent reports in the media about different employers that are considering the option of downsizing their business in order to secure the long term viability of the business. The process of downsizing a business normally focuses on the legal, economical and financial aspects of the business. It is bad enough to [...]
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 [...]
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 [...]
Given the uncertain nature of the economy it will not be surprising that some businesses will have incurred trading losses in the last financial year. Viewing a business from a numerical basis provides an insight in a very matter of fact way. Looking at the numbers for your business may help to add greater depth [...]
At last everyone finally knows who is going to be the new British Prime Minister. Many months of speculation and second guessing have now come to an end. Even though it is now known who the next the next government will be, little is known about how it will work in reality. The Liberal Democrats [...]
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 [...]
The ongoing trend of banks being cautious about who they lend money to and for what purpose has continued to make the life of a small business difficult. However, difficult does not necessarily equate not offering any loans whatsoever. In reality what it does mean is that the lending criteria has become much more stringent. [...]
There is always awareness in business of the need to increase and grow your customer base. This point becomes even more prominent during an economic downturn when spending habits may change. Many individuals, organisations and businesses simply do not have the spending power that they had two years ago. Those who are spending are now [...]
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