Protecting your invention, trademark or design is essential – especially if you’re trading internationally.
Jonathan Phillips, Co-founder of babyREFLUX, explains how he and wife Rachel overcame ‘Next-Step Syndrome’ and stepped out of their comfort zone to grow their home business into a market leader in the UK.
Almost all modern businesses rely on IT to function well. But as your business grows, your IT is likely to become more complex and time-consuming to maintain. What’s likely to change as you take on more staff and customers? Have you got the set-up to provide a platform for further growth?
Controlling cash flow is a crucial part of running a business. Spare cash can be invested in growing the business, for example by buying new equipment or building up stocks to satisfy future demand.
Making sure you have enough funding to start or grow your business is vital. Relying entirely on your own funding may not be an option, or be too much of a personal risk.
Trading internationally can be an exciting opportunity to take your business to the next level. But at the same time, exporting and importing present a new set of financial challenges.