Your clients or customers are, in many ways, the lifeblood of your business. After all, without your paying customers, your business simply wouldn’t survive in the long run, no matter how amazing the products or services you offer are.
Starting a business has never been easier; the Internet in particular and the march of technology means researching a market is within reach for start-ups (even at a global scale), and much of this can be achieved with relatively little money.
So, you’ve done it. You’ve had an idea, you’ve launched a business, it’s even started to grow. Congratulations; you’ve cleared your first set of hurdles. But what do you do next? You have information coming at you from every angle. Demands on your time are growing and your available time is dwindling. How do you know which information matters? And how do you keep the momentum going, or even build to the next level? Every business is different, but some requirements are universal, and some data should never be overlooked.
Growth is one of the key watchwords for any SME. While a state of stasis is preferable to decline and loss, it’s growth that provides the reassurance that you’re making the right decisions. But what do you do if part of your growth strategy includes moving into the markets overseas? How can you give yourself the best possible chance of success?
If you have a passion for making music, starting a recording studio business may seem like a dream enterprise, especially if you already have experience of recording in your own home studio. Helping unknown artists on the path to success is an exciting prospect. However, starting up a professional recording studio is not easy. You need to be aware of what is involved and make sure that you are fully invested.
The late payment culture in the UK has been plaguing the livelihood of small businesses and causing severe financial strains. The federation of small business (FSB) is urging for more effective policies from the Prompt Payment Code (PPC) which has failed small businesses in the past. The demise of Carillion has effected thousands of people and many businesses that it owed money to.
Did you know that the power that comes out of your plug sockets and other outlets can vary in quality? It is true that there are strict rules governing the quality of power to ensure that individuals, businesses and organisations receive consistently high levels of power. However, sometimes errors can occur within systems that bring power quality down significantly. Multiple different power issues can end up costing your business money.