Last week, we asked the Bizcrowd community to share their top business tips with us. We had an amazing response, with tons of really inspiring advice for small business owners. Take a look at the first twenty.
Many of us consider ourselves “environmentally friendly” if we rinse out tin cans for the recycling collection and replace existing light bulbs with ones that are more efficient for a lower energy bill. However could going green actually increase the value of a business, too?
In 2013, the UK spent £91billion online as the online retail market grew 16% (IMRG, 16th Jan 2014). As more and more of us use our mobile devices to shop, IMRG forecasts that 2014 is set to perform even stronger, with 17% growth estimated for the year and a total online spend of £107 billion.
Most people who extol the virtues of using finance to buy business assets usually claim it is the most tax efficient way to do so. In my view, first they may well be wrong and, secondly, they are ignoring the many other good reasons for using finance, especially for SMEs. Without lecturing you on the many different methods of raising finance (lease, lease purchase, rental, contract hire, operating lease, whether on or off balance sheet) I can assure you that if you were to ask five accountants for their advice, they would struggle to come up with the same definitions, the same options and certainly the same tax advantages. Every business should consider a range of options and benefits before deciding what is best for them; saving tax is not the only reason. What else should you consider?
The UK economy may be in recovery, but many small manufacturers are still struggling to generate enough funds to expand their business, or capitalise on new opportunities in the market.
This year the government is serious about pushing exports. It was one of the resounding messages of Osborne’s Budget speech, during which the Chancellor claimed to be developing “the most competitive export finance in Europe” by doubling funding and cutting interest rates by a third.
Half the business world is incredibly busy whilst the other half is just waiting for something magic to come along.
This checklist is aimed at businesses that are slowing down… feeling like they have got stuck… stuck staring into the headlights like the proverbial rabbit!
The “Do MBAs help an entrepreneur?” question is an old chestnut that never seems to be resolved.
Part of the problem is one of ambiguity (what does ‘entrepreneurship’ mean?); part of the problem is one of sweeping generalisations and stereotypes (what does a typical MBA student or course look like?); part of the problem is the confusion of definitions (are we talking about the student/graduate, the programme or the business school?).
Over half (52%) of those surveyed say the measures have had no impact on their business, with a further 41% admitting they are not sure what effect the campaign had. Just 7% of professionals say that it had some impact on their business.
Phil Scholes, SME sales and marketing director at npower offers advice on how small and medium sized businesses could give themselves an edge over their competitors by reducing their cost base through better energy management.
According to a new report carried out by Oxford Economics, the average cost of taking on a new member of staff for companies in the UK is £30,614. This is based on three main aspects – logistics in bringing someone new on board, the recruitment process and absorption into the business, and the cost of lost output whilst a new recruit reaches their ‘optimum productivity level’.