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Weekly Digest – 25 May 2022
UK Weekly Digest – 25 May 2022 Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Some food …
Methods to try to increase your sales post COVID-19
For most businesses, increasing sales during this time will be very beneficial and may provide some much-needed cashflow relief. Both cross-selling and upselling can be useful methods for increasing your …
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COVID-19 Recovery – How to conduct a SWOT Analysis
The SWOT analysis matrix is one of the most well-known models in the business world. It’s used to fine-tune your business strategy by examining internal and external factors that may …
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Sure-fire marketing plan in eight easy steps
If you’re serious about getting the best value you can for your marketing budget, you’ll need to develop a marketing plan. Below we outline eight simple steps for making your …
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Beyond COVID-19 – How to build value in your business
We’ve said it before and we’ll say it again – this has been an extremely difficult few months for all of us, but there is no better time to think …
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Tips for building an online distribution channel
Online distribution frees you geographically. Where you might have been selling your product or service locally, opening an online distribution channel means you can sell it on a global scale, …
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Changing your business model
Your current business model is the way your business earns money. A change in your business model can bring substantially more income – sometimes for less work and lower overhead …
How to develop new products and services
Markets are dynamic and constantly evolving so no business can afford to stand still. Many business owners have learned that in the last few months as COVID-19 spread around the …
Prepare a business plan for COVID-19 recovery (free template)
You probably didn’t factor a global pandemic and national lockdown into your business plan! So now is definitely a good time to revisit your business plan for the next year. …
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Calculating your break-even point
Is your business worth the risk? If you’re confident there’s a genuine demand for your potential product or service (and at the price you want), the next step is to …
Pricing options for your business
The prices you charge for your products or services can have a dramatic effect on sales and profits. Your pricing strategy also determines how customers view and respond to your …
Should you lease or buy assets?
Finding money for the essential assets you’ll need to run your business efficiently can be a challenge. You’ll need to decide whether leasing or buying is best for your business. …
Five ways to increase your profit
For many small businesses, the best way to improve profitability is to increase turnover, as there’s no limit to sales but there is a limit to how much you can …
How to raise capital for your business
Before you go down the path of seeking capital from outside your business, identify any other ways of raising capital. For example, do you have any savings (either in the …
Cost-reduction tactics for small businesses
At a time like this, money is tight for pretty much every business. Cutting costs can be a quick and easy way to improve the profitability of your business. Introducing …
What to do if your business is operating at a loss
Operating at a loss simply means you’re spending more money than you’re making. And while it’s not uncommon, especially for new businesses, it’s still not an ideal situation and one …
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How to Actually Work When You’re Working from Home
The Harvard Business Review recently released this video with some practical tips on how to work productively while working from home. 1. Give yourself a dedicated workspace A dedicated place …
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Slack’s guide to working remotely
Slack is a communication tool that works especially well for remote teams. Every day, all over the world, in teams large and small, people are working together remotely through Slack. …
Google’s advice for businesses affected by Coronavirus
Provide customers with updated info Google has put out some recommendations if your business has been impacted by COVID-19. It’s best to update your Google My Business profile to provide …
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Monthly Cash Flow Forecast
Use the cash flow forecast template to compile a document that you can continue to use to measure your business’s health and progress. The template is split into two sections, …
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