No matter which way we turn at the moment, businesses are still being majorly affected by the COVID-19 pandemic. Even though the Government has lifted restrictions in most sectors, some have only just been able to re-open their doors and others are still being hampered by localised lockdowns or quarantine restrictions. So what can you […]
While COVID-19 forced many businesses to temporarily close, it’s important to be thinking positively about the easing of lockdown and return to work. As I write this, some industries such as retail have already been given the green light and resumed trading from 15th June. For others, particularly within the hospitality and leisure industries, there […]
In Part 1, you discovered how it’s possible for your business to recover from COVID-19, especially if you already have the three key traits to business success. For easy reference, these are: A good product or service Engagement Constant improvement What if your business doesn’t have these key business success traits? Certain industries, (retail in […]
In a recent article, you discovered how to write a profit and loss forecast for a start-up business. Any finance house or bank looking at a lending proposition, cannot make a decision to support a funding request based upon this document alone. The profit and loss forecast will support the story within the business plan, […]
The announcement in October 2018 of major losses and proposed significant reduction in the number of stores by Debenhams is a huge blow to high street retailing. The terrible news follows the recent administration of House of Fraser which has subsequently been purchased by the Sports Direct Group. The closure of these two high street […]
In light of the recent announcement that Toys R Us in the USA are filing for bankruptcy, this article is written to cajole, challenge, and hopefully act as a cattle prod to strategically re-think your business. The speed of change in the business world is increasing. Global markets and borders, despite Brexit, are opening. There […]
With Brexit negotiations underway, we are all bracing ourselves and hoping for positive news. Negotiations are taking place to discuss complex issues. Both parties entered these negotiations from different view points. Somewhere within this two year process, it is hoped a settlement can be reached. There has to be give and take on both sides. […]
In the first part of this article, the focus was primarily on marketing. Marketing is the engine that drives a business. Whilst there may be numerous reasons why a slow down in sales has occurred, it is important to review your marketing strategies and tactics, measuring their efficiency and effectiveness whenever possible. Most industries are […]
As I write this article, the 2017 Wimbledon Tennis Championships are about to come to an end. The greatest players from around the world have competed for the most coveted title of Wimbledon Champion. Whoever wins a title this weekend will have earned it, both on and off the court. The winning is carried out […]
In the first part of this article you discovered two foundational and important pre business start-up loan application skills. These were: Being professional Learn all you can about running a business by taking courses and talking to business owners from varying sizes of business. Do your research Learn as much as you can as this […]