Dec 222011
 

Starting a small business on the right footing from the beginning

If you’re thinking of starting a small business, have you thought about where you want it (and you) to be in 3 years’ time? Five years? Ten years? It may seem like a minor thing now but it’s really important to think about this because it will affect many aspects of how you develop your business. Continue reading »

Dec 152011
 

Every business needs to make a profit to survive and, generally speaking, the more profit we make then the better the business is, the more likely it is to survive a recession and the more likely it is to grow and flourish.  There are five fundamental ways to increase profits that you need to know when starting a small business and they are as follows: Continue reading »

Dec 142011
 

A business dashboard lets you know what’s going on in your company

When you’re driving along in your car how do you know that everything is ok with the car?  You look at the dashboard – speed ok, enough fuel for the journey, engine temperature in the green.  At a glance you can see everything is fine and then turn your attention back to the road ahead. How do you think your business might benefit from a similar dashboard so that you could see at a glance that all was ok and then concentrate again on building profit?  If you want to run a good business then developing a dashboard is a key requirement. Continue reading »

Dec 142011
 

Some top tips on working out your true costs.

When you’re running a small business money is often tight so you need to make sure that every penny counts and that you’re making profit on every sale.  But sometimes keeping track of your profit/loss on a sale can be difficult or confusing.  Here are some ideas to help keep on top of things. Continue reading »