Articles

STAGFALTION

What could it mean for your business?   Stagflation is a combination of stagnant output and rapidly rising prices.  In economics, stagflation or recession-inflation is a situation in which the inflation rate is high, the economic growth rate slows,...

Monitor, review and adjust.

Taking control of your Business    With Russia's invasion of Ukraine creating additional fiscal uncertainty in the UK and around the globe, economic growth slowed in February and, according to the Office for National Statistics, the UK economy is now only 1.5%...

WHY INFLATION MATTERS TO YOU

Inflation has become the hot topic in financial circles. Low interest rates and quantitative easing, the process by which central banks pump new money into the economy may well be vital to getting the economy running again – but they can both also stimulate inflation....

Budgeting for the year ahead

Budgeting for the year ahead As we come to the end of 2021, it’s a great time for you to start thinking about budgeting for the year ahead. Business planning and setting budgets is become increasingly complicated in today’s uncertain and volatile marketplaces. We have...

How busy are you?

How busy are you? Too Busy! What would your reaction be if you were chatting to a friend with a small business and you asked them "How busy are you?" and their reply was “Not really, I suppose I only do two or three days a week!” You might feel concerned for them and...

Writing a Simple Business Plan

Writing a Simple Business Plan ? Planning is a key element to running a successful business. To get where you want to go, writing a simple business plan will help you think about what you are doing and why and if you are looking at raising finance from a bank or...

Forecasts

Forecasts? What forecasts? TV and Radio stations always have weather forecasts at the end of their news slot. And for most of us these have little more impact than whether we will need a coat in the morning or perhaps choosing to plan outside activities at the...

Unique Selling Point

Unique Selling Point A useful tool for deciding how to ‘position’ your products and services is the Porter Generic Strategy Model (developed by Michael E. Porter (1998), Harvard Business School Professor and author of numerous texts on strategy). The model suggests...

Focusing on your goals

Focusing on your goals? Are you focusing on your goals? If you sit down at the end of today and review the actions and decisions that you have made during the day, would you say that they have taken you towards or away from your goals? You might find that this is a...