All businesses encounter problems at some stage. Good management sees the red flags early and takes corrective action before the downturn sets in and becomes irreversible. The end game may be an insoluble cash flow crisis, but the trouble starts way before then. Budget miss Forecasts are always wrong, the only question is by how […]
Spotting Problems Early & Acting Decisively Read More »
As a business owner, you are constantly making decisions that impact the financial health of your company. It’s all about making the right predictions, spotting the right trends, and understanding market conditions to unlock more profit and lower risks. More importantly, you need to be making these decisions in a timely manner. This is where
In the last edition, I referred to the sales invoice, and the main focus in this column will be to examine the importance and purpose of the invoice and to look at ways in which the design and content says something about your business. First and foremost, the invoice is a vital legal document. For
The International Organisation for Standardisation (ISO) – a worldwide federation of national standards bodies – defines resilience as: ‘The ability of a business to absorb and adapt in a changing environment to enable it to deliver its objectives and to survive and prosper.’ Quite simply, Resilience is the ability to learn from your setbacks and
What is a Resilient Leader? Read More »
As a business owner, it is crucial to have a plan in place to ensure that your affairs are managed effectively and efficiently if you become incapacitated or unable to make decisions. One essential document to consider is a Lasting Power of Attorney (LPA). In this article, we will explore the importance of LPAs for
Lasting Powers Of Attorney Read More »
So, you’ve decided to start your own business. You have a great idea, some funding, and a passion for what you’re doing. But there’s just one problem: your personal brand is a mess. Maybe you’ve been trying to do everything yourself, or maybe you’re just not sure where to start. Either way, a business coach
Never before has clear, concise communication been so important. After years of turmoil, mixed messages and confusion, I think we all crave honesty, clarity and transparency. It is good to look internally at the communication you are putting out from your business and check that it is fit-for-purpose and appropriate to the current climate. We
Are You Regularly Updating Your Messaging? Read More »
A business relationship contract will help manage and regulate the relationship between the owners of a business. As well as recording some formal information, this agreement sets out the rules of engagement between the parties, what each expects from the other, what should happen in certain circumstances e.g., bankruptcy, death, breach of contract, rules regarding
Do I need a shareholder agreement? Read More »
Ofgem has put forward a range of potential reforms to reduce Britain’s reliance on expensive gas imports and accelerate the transition towards cleaner, more secure and affordable supplies of home-grown energy. This reflects a world where the economics have changed, and renewable options are increasingly the cost-effective choice.’ Last October, the UK Government pledged to
Ofgem Proposes Reforms To Power the UK Forward to a Net Zero, Home-Grown Energy System Read More »
The CIPD is warning employers that choosing not to engage with employee representatives could lead to industrial action The latest research from the CIPD, the professional body for HR and people development, shows that a tight labour market, combined with a cost-of-living crisis and falling wages, could fuel further industrial action in the coming months.
