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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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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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Daily Update – 6 April 2020
I hope you are well and safe. I wanted to clarify some points today about what some the Government support really means and how it can be claimed, if it …
Daily Update – 23 March 2020
You will have seen, heard or read about the chancellor – Rishi Sunak’s speech on Friday where he outlined the additional financial support being provided to small businesses. I have …
Daily Update – 31 March 2020
Coronavirus Job Retention Scheme and help for the Self-Employed webinar This was extremely popular with lots of great feedback. If you missed it you can watch a recording of it …
Daily Update – 26 March 2020
Chancellors speech from 26 March – key points: 1. If you’re a director of a limited company is receiving salary and dividends you won’t be covered but appears you will …
Apps to improve your physical and mental health
We understand that the Coronavirus outbreak has changed the lives of many people already. Some businesses are temporarily shut due to government restrictions, others have had to closed their doors …
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Government’s Support for Businesses during COVID-19 – March 24, 2020
The Chancellor has set out a package of temporary, timely and targeted measures to support public services, people and businesses through this period of disruption caused by COVID-19. This includes …
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