Business advice to help you grow your SME and small & medium sized company and help you grow your company
“There’s no substitute for experience.” This is a phrase we hear often in business and our wider lives. But while this commonly refers to choosing people or a company to provide a service, shouldn’t the phrase also apply to the experience your customer receives?
If the last few years have taught us anything, it’s how unpredictable the world can be and the importance of planning ahead for challenging circumstances.
Do you know what your business pays in sales and marketing costs to attract one additional customer? Do you know the average profit your business realises from a future customer relationship? Gaining insight into your Customer Acquisition Cost (CAC) and Lifetime Value (LTV) is crucial.
For businesses looking to scale successfully, a growth strategy detailing how to overcome current and future challenges is essential.
For several decades received wisdom has told us that property investment is the best way to watch your wealth grow.
I’ve always been drawn to and had a fascination for exceptional leaders, particularly in the realm of business. I find myself thinking, “What distinguishes these personalities?” “Which qualities and strategies drive them to the top of their respective sectors and industries?”
As an incoming MD, possibly taking the place of the original founder/MD who may be moving into a chair role, you’re there because the business needs a senior person who has skills and experience that don’t currently exist in the organisation.
A significant amount of new employment legislation is coming into effect in April 2024, all of which will have implications for employers. Here are the key changes you need to know about.
The sharing economy is prompting a rethink of business practice. To address confusion, this transformative model is also referred to as the ‘crowd’, ‘gig’, ‘peer-to-peer’ or ‘on-demand’ economy. It operates within the context of digital technology and is based on collaborative consumption, allowing both individuals and businesses to share assets, products or services with one another.
In 2014, David J Bland introduced a thought-provoking concept via Twitter: the Product Death Cycle. It’s become a huge problem that emerges when, despite taking a customer-centric approach and building the features that customers request, products still struggle to hit the mark and companies fail to make revenue goals.
Being an entrepreneur and working on your first business can be lonely, especially in the early years, so how do you stay focused and on track to achieving your goal of success?
It may sound obvious, but it is important to prepare your business for sale to achieve both the best price and a sale process which runs smoothly, with few surprises for either party.
Whether you’re looking to build a thriving company culture, access top talent, or foster fairer opportunities and outcomes – diversity and inclusion are absolutely imperative in the workplace.
It’s Valentine’s Day and love is unashamedly in the air. But what if everything is not as rosy as it seems?
When we’re in school, we see it as the only route forward, the only way to thrive. Whilst education is of course important, it is not the only piece of the puzzle to unlocking success.
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