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Grow a Small Business

So you have a great idea and a business plan and you want to grow a successful online business. Not surprising, given that online sales now make up over 17% of all purchases in the UK and there’s no sign of that slowing down.

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All business owners look for ways to grow their business quickly. It’s dangerous when you become too comfortable, it means that your business can get stagnant. Always strive for more, challenge yourself and take risks to reap the rewards. Below are seven tips from David Simmons, a financial analyst from Ebroker, to help you grow your business quickly.

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Giving to charity is an honourable, kind-hearted thing to do, yet for many, the giving stops once we enter our office or place of work. Although putting money in charity collection boxes, donating to food banks and homeless shelters or even just volunteering an hour or two of our time is becoming increasingly commonplace, when we are at work, the options for giving seem to dwindle.

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When it comes to your eCommerce business, there is always work to be done. New technologies and trends are constantly changing how consumers shop, which means that we need to change with them or risk getting left in the dust by our competitors.

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Running a small business is by no means an easy feat. It requires so much from one person whether it’s emotional intelligence, being able to effectively manage and lead a team, or passion that will help you get back up after setbacks and failure. Naturally, you will have a heavy workload as a small business owner. Therefore, you will need to make sure that you manage it effectively in order to make yourself and your business a success.

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So you have invested time, money and energy into creating the perfect product that you think can be flying off shelves. Now you have to get your product on the shelves to get your business started. A small business that mainly produces and develops products needs a platform to sell them on. You may consider selling your products online, whether it’s on your own website or other sites such as Etsy or Amazon. However, if you want to opt for the more traditional route, you will need to approach high street retailers to get that satisfaction of seeing your product on a store shelf.

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BT has announced it will be switching off its PSTN and ISDN networks in 2025 in favour of IP voice services, with a gradual phase-out of the older systems starting in 2020. At this point, BT will cease taking ISDN orders, and all businesses will be forced to find other IP-based options for their business telephone systems.
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Your company is never going to be successful unless you’re able to generate a steady revenue. For many businesses, it can be difficult to branch out and find more customers. The good news is that there are plenty of things you can do to boost your company’s sales. By making a few switches, you’ll have an easier time luring in customers and convincing them to buy your goods and services. Tips for doing just that will be explored in more depth below.

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“I wear my heart on my sleeve” sang the Scottish seventies duo, Gallagher and Lyle. Is that level of transparency appropriate at work? What place do emotions have in business? Are they helpful or harmful? Wearing your heart on your sleeve is often misconstrued as your emotions being out of control. In truth, it means to openly show your emotions, to be transparent, to be true to yourself. The musical duo continued: “I’m not afraid to say what I mean, mean what I say”, advocating emotional honesty as the best policy.

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When asked to deliver a speech in business, the pressure is ‘on’ to produce something that is valuable and engaging, to leave your audience feeling fulfilled. In addition to this, you will want to speak with confidence and clarity, whilst controlling any nerves. For your words to reach their full potential, you’ll hope for the audience to be convinced that your speech is natural and fluid, but it can be tricky to achieve this.

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As a business owner, you will inevitably need to speak and present to sell yourself and your business. If like me you are an introvert this may not fill you with joy! However, understanding more about what this introvert trait means can help us move forward.

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Any business, small or big, is never completely safe and carries series of risks with it, such as personal safety, consumer market transitions, theft, potential legal issues and so much more. Most small businesses do not have enough budget to support the outcome of any of these risks mentioned. That’s why they constantly need to work in preventing such risks in order to continue with their success when new opportunities and obstacles present. As a business owner, you need to take steps to minimise these kinds of risks by obtaining insurance for your business and assets and implementing security measures as well as disaster planning.
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It is actually quite easy to reduce your business’ carbon footprint significantly. A few simple changes in the office don’t have to cost the earth to implement; it may take some getting used to but change is good for us all. Of course, you can seriously invest in cutting your business’ effect on the environment, which may seem expensive for the initial outlay but actually will save you money in the long term and more importantly reduce your environmental impact. Here are some ways given by Emma Evans from My Power on how to make your small business eco-friendly.

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Fraud is a real problem for businesses of all capacities and SMEs can suffer greatly if they’re struck with fraudulent activity, which is why spotting the signs early can save a catastrophic effect on the organisation.

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Co-working is becoming more and more popular, with many corporations choosing to do this instead of having a full time, permanent office space. Coworking is about sharing office space with workers from other companies, all doing their own thing in one large, usually open plan, space. It has many benefits, and it looks as though coworking could really become the way of the future. Cornerstone Office Search give us reasons why so many corporations are choosing coworking as their preferred option.

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Information technology is a vital part of any business and it should be treated as a high priority when it comes to protecting it. Issues such as cyber-attacks, viruses and server damage can be a serious issue for any business that has IT infrastructure on site.

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There are millions of apps, varying in purpose and function, whether they are for entertainment or to keep your business organised. When you’re a small business owner you will need to wear multiple hats, and therefore need to make sure to take advantage of all the resources available to you. The best thing about some apps is that they are free or give the option of a free trial, therefore they can give you the opportunity to try before you buy.

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Composing a formal document that will be scrutinised by peers and professionals can be a daunting task or a task one can learn and grow from after progressing with the tips necessary to advance their writing skills. Business writing is often a type of writing people avoid due to the difficulties one may encounter when faced with such a task. However, there are a number of easy to follow tips when taking on a business writing task that will allow people to confidently express themselves while maintaining a professional tone.

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For many industries, outsourcing can mean big gains in terms of revenue and can help ease the burden of certain processes along the supply chain. In some cases, outsourcing can save your business big bucks, especially when it comes to labour costs. For example, in information technology, many companies have turned to India and the Middle East regions with highly skilled workforces, relatively weak job markets, and lower costs of living to meet the demand for apt workers who don’t cost as much as workers in the UK or other areas. And we probably don’t have to explain why many companies often look to China and other economies with more affordable labour standards for manufacturing.

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Where do you find your motivation, is it by following in the footsteps of your idols, or reading motivational quotes? Words have the power to achieve great things and coming from the right person, have the power to reignite fire in you, and give you the motivation you need.

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