For many business owners, determining the success of a business comes down to how much profit the company makes. Of course, finances are an important measure of an company’s overall success. If you don’t bring in more than you spend you won’t be in business for long. Profit, however, isn’t the only important benchmark by which to measure your business. There are other important factors business owners can and should… Read more
For most of us there comes a time when we need to access financing for our growing business. It may be in the early stages of business, when start-up costs for offices, equipment and employees must be covered. Or it could be later on, when we have to relocate, purchase more inventory or equipment, or market their business with more oomph. Financing a business can feel a bit intimidating… stevepb… Read more
geralt “How much should I spend on marketing?†Most small business people ask me this question at some stage. Many small business people find working out how much to spend on marketing a tricky exercise to calculate. Generally there are five ways to work out a marketing budget for the year. Remember that these are marketing budgets, not advertising budgets. Marketing covers everything you do in your business that creates… Read more
Free-Photos / The growth of eCommerce has been rapid and continues exponentially. Recent research has estimated that it will make up over 22% of global retail sales by 2023. With these statistics and the changes COVID-19 has brought to the world, it’s more important than ever to take your retail business online if you want to stay competitive. It adds another revenue stream and keeps your business humming even… Read more
Building your vision for 2020 If you’re like us we’re currently working on our 2020 business plan (how lovely is 2020 to write.) A lot of our clients are looking ahead, thinking about their business and their strategy for the year ahead, and consolidating the results of last year. We have a number of businesses from many and varied walks of life on our books, but we are finding… Read more