Budgeting sets out your financial expectations for the business. While it’s not possible to know exactly what the future holds, budgeting reduces the level of uncertainty and helps you anticipate problems.
Your business plan outlines your business strategy and what you need to do to achieve your goals. It helps you think through your options, identifying the best opportunities and how to make the most of them. You can also use your business plan to help convince banks, investors and other key contacts to support you.
Market research helps you understand your competitive position, spot opportunities, reduce risks and make better decisions.
Record-breaking yachtswoman, Dame Ellen MacArthur, describes the level of plastic in the world’s seas as “shocking”, “horrendous” and “getting worse not better”. Some 8.3bn tonnes of plastic waste are dumped into the world’s seas each year, which scientists describe as “an uncontrolled experiment on a global scale”.
How a thriving community-owned and run enterprise in Liverpool is bettering the lives of people in Anfield.
Richard Reid is the CEO, head of clinical services and senior executive coach at Pinnacle Wellbeing Services, a “psychological specialist in personal and business transformation” and “leading provider of science-based consultancy, training, coaching and therapy.”
Setting clear objectives and supporting learning in the workplace is a valuable investment in your employees. Here are our hints on setting up a plan for staff development.
Successful teamworking gets results in all areas - including sales, IT, problem solving and managing new projects. People work more productively and their motivation and loyalty to your business are also increased.
Good design is vital for creating a website that is attractive and easy to use. You can design your website yourself, customising ready-made templates, or using software that simplifies the process. Alternatively, you can hire a web design agency to do it for you.
Marketing any product or service is vital to its success, highlighting the benefits of your product or service to existing and potential customers.
How do you set up an ecommerce website without breaking the bank? Find out the key steps involved.
Social networks such as Twitter, Facebook and LinkedIn offer a chance for small businesses to connect with customers. Your profile is often the first thing new contacts see, so it has to work hard.