Could your business model be letting you down? Business models are probably one of the least mentioned causes of business failures. The very term seems to be shrouded in ambiguity. For the purpose of this discussion, my definition of a…

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Warning: This is not a quick-fix post. ONLY those serious about turning their businesses around need to read this.  For some business owners, February is a bittersweet month. Sweet for those business owners happily celebrating their love because they are…

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The high street has changed. I used to go out simply to shop but not anymore. Visiting the high stree is now a social activity done when I get bored of being indoors and online. I imagine that I’m not…

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Last week was an incredibly week. I was a speaker at the University of East London’s Centre for Excellence in Women’s Entrepreneurship (CEWE) inaugural annual conference held on Thursday 17th November 2011 at the Honourable Artillery Company in Moorgate. Speakers…

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In the aftermath of the horrendous London riots, everyone seems to have settled back to business as usual. Well, except the unfortunate business owners who have had their livelyhood and security ripped to shreds in minutes. Their years of hard…

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I know, we are all pushed for time so I’ll keep this short and sweet. In my last post, I promised to write about the benefits of incorporation so here goes: Incorporating your business means that: Your personal assets are…

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Essential reading for directors of small businesses. Are you a company director? Are you aware of your responsibilities as a director? Do you know what the government expects of you as a director? Answering NO to any of the above…

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I promised the second part of last week's article which covered the first 3 points. Read the full article by clicking here! Here goes the remaining 4 points.... 4. What have you spent your initial capital on? There seems to be this common…

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An alarming 95% of businesses don’t make it beyond their fifth year despite having really innovative ideas. What differentiates the businesses that succeed and those that don’t? I think the ability to make a profit is a huge factor. Below…

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What is financial reporting like in your business? Running a business is about one thing and one thing only – making a profit. You need to focus on your profit and loss statement to ensure that you operate continuously at…

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In the UK, HMRC is launching a crack down on poor record keeping by small and medium sized entreprises in 2011. Businesses could be fined as much as £3000 for poor record keeping. Yes £3000!   If you know, you've…

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Every dollar counts for business owners, so if you don't know where you stand on a monthly basis, you may not be around at the end of the year. And while using do-it-yourself accounting software can help monitor costs, the…

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As a small business owner, will you be able to face the dragons in the den and present your business figures confidently? Do you know your turnover, how many new customers you had in the last month, how many were…

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