success

Can Invoice Financing Unlock Cashflow Hurdles to Growth?

Can Invoice Financing Unlock Cashflow Hurdles to Growth?

Despite an improving economic outlook and predictions that the UK’s growth forecast will continue its upward momentum, cash flow still remains a significant hurdle for many small and medium sized businesses. According to a recent survey 29% of companies say that late payments are causing major problems for their development. In a financial environment where lending to small companies by banks has plunged, despite government schemes designed to increase it, irregular and late payments can only heighten the difficulties that enterprises face as they look at growing their operations. In the worst case scenario, it can cause knock-on problems with paying suppliers, necessitating drawing on emergency reserves and overdrafts. Furthermore money tied up in unpaid invoices is money that can’t be in... »

Start Being Strategic to Be Successful in Business

In this article, we are going to turn the attention to you, the business owner, and examine why a strategic focus is essential in growing you business, and in helping you set yourself apart from the competition. The problem that many business owners have, is that they tend to think very tactically i.e. how can they can get more clients. This is very important – however – you must always be working tactically, from a strategic focus. Let me explain: for you to have any chance of being perceived as the expert or authority in your industry, you must look at the bigger picture, and ultimately be able to answer the question, "What do we want to be known for?" or "What is the ultimate position we want to hold in the market place?". In other words, focus on how you... »

Growing Business Awards to Recognise Firms Successes

Growing Business Awards to Recognise Firms Successes

Business owners seeking recognition for their firm’s successes have until 18 September to enter the Growing Business Awards, where the winners will gain extensive media coverage.  Organised by the Confederation of British Industry (CBI), the awards have been running for more than a decade, and seek to reward firms for excellence in every aspect of a business, including innovation, environmental impact, and customer service. According to the CBI, the winner of each award category will receive coverage on television and radio, as well as in national, regional and trade press. They will also have the right to display the name of their award on their advertising and stationery. To qualify, businesses must employ fewer than 500 people, be independently owned and based in the UK. Smal... »

IIP – A Standard for Success

What is Investors in People? In 1990 some of Britain’s leading business, personnel, professional and employee organisations got together. The aim was to create a national standard for good practice in the training and development of people to meet business goals. What was produced was a framework that companies of all shapes and sizes could use to accelerate their business growth. That framework is known today as the Investors in People Standard. Why become an Investor in People? The obvious advantages are those that affect your bottom line, but there are a number of benefits to becoming an Investor in People: Increased productivity Improved motivation Reductions in employee turnover and ‘lost time’ Improved results such as sales figures Better employee relations More eff... »