Scaling businesses operating in traditional industries are challenging conventional business models by embracing technology. Fast growing ecommerce businesses are one example, which no longer depend solely on the traditional high street shop to shift stock, and have no limits due to location. The impact of digital is evident in product and services offerings, in experiences […]
Growing a business is a unique challenge. You’ve already got off the ground, you know you’ve got a killer product or service, and now you want to build. But the growth stage can be tricky, and you need to be prepared. Every major business has hit potholes on the road to expansion. We’ve compiled some […]
Posted on 5th April 2017 in Growth.
Finding new office space can be a major headache for a growing business. It’s not just about having the extra room into which to expand, but having the right space that suits the business’ needs; it could be the difference between your future success and failure.
It’s one thing to get your business off the ground and turning a profit. It’s quite another to pursue growth and maintain a successful position in the market. As one challenge is overcome, more will inevitably take its place. Competition has gone global, customers have more choice, regulations are getting tighter, and technology is advancing […]
After several years of steady operations, growth and profits, it’s only natural as an entrepreneur to look to the future with plans to expand your business to another location. But do you know whether your business is really ready to expand, and how can you ensure this growth is a success?
Employing more people isn’t the only way to make a small business grow. In fact, employing too many people too quickly can have the opposite effect, causing your company to struggle to cope with all of the changes.
Posted on 18th October 2016 in Growth.
Around half of start-ups fail within the first four years of being in business. And even those that succeed will have to work hard to achieve the annual growth in employees or turnover required to be called a ‘scale-up’.
Prior to looking for funding you need to be clear on what you want the money for. Will you use it for staff, equipment, premises or something else? Exactly how much will these things cost? How will having the money improve your profitability and cash flow? Can you clearly show how and when it will […]
“We need a new CRM system”, “we need a new sales team”, “we need a new sales strategy”, “let’s find a rain-maker” are all terms bandied around at management team meetings and networking events when the conversation turns to the topic of how to accelerate sales growth, or, even worse, how to arrest what looks […]
Prime Minister Theresa May outlined her commitment to the UK’s 5.4 million small businesses at a round table event earlier this month, saying they ‘underpin the strength of our economy’. She has pledged to enable small businesses to take advantage of the opportunities presented by a UK positioned on the periphery of the European Union. […]
Every entrepreneur behind a startup wants the same thing; for their business to grow quickly and start turning a profit. There are of course no guarantees that a business will scale, let alone quickly, so the people at the helm of the company and the staff involved need to work together to take things to […]