Articles

It may be time to pivot your strategy

In order to pivot your strategy, you will need to start by doing your research, reassessing your current business model and building a new approach from there. Pivoting your strategy may involve targeting a different customer base, new routes to market or even a new range of products and services. If pivoting your strategy pushes you into a new market, you will likely need to re-evaluate your approach to sales, marketing and day to day business processes.

SHAREHOLDERS AGREEMENT

GUIDANCE ON YOUR SHAREHOLDERS AGREEMENT                SHAREHOLDERS AGREEMENT  Introduction Why do you need a shareholders agreement? For limited companies, when it comes to making decisions, Company Law imposes certain rules. This means that if you own more than 50%...

VAT deferral

VAT deferral – apply online by 21 June 2021 The VAT deferral new payment scheme is open for all businesses who deferred paying VAT due between 20 March and 30 June 2020 and were unable to pay in full by 31 March 2021. The initial scheme was part of the HM Government's...

THE FOUR BASICS TO BUSINESS GROWTH

THE FOUR BASICS All growth ideas ultimately revolve around THE FOUR BASICS and the evolving stages of growing a business, because growth signifies expansion, new business and the on going success that we are all striving for. With THE FOUR BASICS You can: Increase the...

Making Tax Digital

Making Tax Digital

MAKING TAX DIGITAL Software is the way forward Making Tax Digital is bringing a revolution to the business world and in particular how they are going to make their reports to the HMRC. The big changes are coming through the proposals being made under the title “Making...

Save money – Get Advice Early

Save money – Get Advice Early

Save Money by getting advice early This week I have heard two stories where business owners have kept going when they should have got advice earlier. Although the sums of money are vastly different, in both cases taking advice earlier could have made a significant...

Setting Prices

Setting prices can be a headache for any business. One of the biggest problems for smaller businesses is how to go about setting prices for their products and services. And much of the problem actually comes from a lack of self...

Pricing for Profits

Pricing for Profits is key to a successful business Whatever business you are involved in, it is vital that you know how to set your prices. And unless you are a high growth business or have funding to spare, your prices will need to be set to make a profit relatively...

Cash is King

Cash is king - Debtors are dead money Following on from a previous article on the problems of holding stock, another area that cannot be ignored by a big and small business owners are Debtors (unpaid sales invoices). Good Customers It is always worth identifying your...