Employee loyalty can be hard to foster. In today’s business world employers may consider a variety of methods to encourage their staff to demonstrate dedication and reliability. This may include numerous financial incentives and fashionable perks. Ultimately every employer seeks a steadfast workforce that will always go that extra mile for their company and clients….
According to FastCompany.com 70% of a typical CEO’s workday is sub-optimal. It’s easy to see why. We wade through a torrential storm of emails daily, most of which are not important. Some CEOs spend half their time motivating and coddling employees, and dealing with employee grievances. Others spend all their time planning, budgeting, forecasting, so…
It’s safe to say this month’s budget was rather overshadowed by Ian Duncan Smith’s spectacular resignation and subsequent government retraction over proposed disability cuts. However, there was some seriously interesting stuff in it for small businesses that I think got rather overlooked. Bear in mind that Osborne’s budget (and everything most politicians do right now)…
Ok, so I need to be clear about one thing. NO ONE is clear exactly what a Brexit will mean for business and anyone who tells you that they know for sure is plain fibbing. No one can know for sure whether we will be better off (economically, politically, financially) staying in or exiting –…
We live in an unpredictable and volatile world. The only thing you can be certain about, is that life is uncertain. Be prepared. “Aon (provider of risk management) says that 80% of companies that fail to recover from a major disaster will go out of business”. Those are high odds which can be easily avoided if…
Average pay rises are to jump to 3.5% according to the DailyMail today. Compulsory pension contributions are breathing down our necks. And the government has announced a rise in minimum wage from October 2015. All in all, staff costs are on the increase putting even more pressure on small businesses. 3.5% doesn’t seem like much. So why…
If you are thinking of selling your business one day, even if it is in 5 years’ time, you need to begin boosting the sale value today. If and when you finally sell, your buyers, their lawyers, consultants and accountants, will all be looking through your company’s past history… in extreme detail. Possibly for the previous…
You’ve made the brave decision to go ahead with your business idea and work for yourself. This is great news. It also means your to-do list is endless. One item that needs to be on your list, is choosing the right legal structure for you. This process can be daunting. I outline below, in basic…
There are some simple things you can do today, to start increasing your profits without winning new clients. Making some minor changes to the way you do business will be barely noticeable to anyone- apart from you, of course, as you’ll know you are becoming more profitable. 1. Increase your prices. No really. A small…
There are countless reasons why businesses fail, such as choosing the wrong business partner, not listening to your customers or avoiding having a business website. But if you choose only one thing to get right, make sure it’s your cash. 90% of small business failures are caused by poor cashflow, according to Dun & Bradstreet. Here are…