Expanding into overseas markets can offer exciting growth prospects. But marketing and selling overseas is a demanding undertaking.
If you’re considering selling your business, you need to arrive at a fair value. Here are all the factors you should take into account.
Most businesses experience some problems getting paid on time by their customers. Good credit control helps to prevent this becoming a serious problem.
The company secretary acts as the chief administrative officer of the company, and shares various responsibilities with the directors under the Companies Act. Private companies are no longer obliged to appoint a company secretary, although most companies continue to do so.
Late payments create cash flow problems and can increase the risk that you will not be paid at all. Using your legal right to claim interest from late-paying customers can encourage customers to pay on time.
If you have decided to invest or reinvest in cars for your business, raising the money is unlikely to be a problem. Provided you have the cash for the deposit and a reasonable credit record, any dealer will arrange terms.
Protecting your IT system and the information it holds is essential. An IT systems failure or data loss can be catastrophic for your business.
Effective cash flow management is vital to ensure that your business has the funding needed to keep trading and make the most of opportunities to grow. A business can survive for a short time without sales or profits, but not without cash.
Personal development plans (PDPs) provide a powerful, flexible way to link employees’ professional and personal development with the development of your business.
Maintaining employees’ focus and motivation is essential if they are to make a full contribution to your business
Social media allows even the smallest business to interact with the wider world. Social media allows you to create a dynamic online presence and establish a dialogue with a wide audience - including existing customers, new prospects, your competitors and suppliers.
Recruiting the right individuals is crucial to the success of your business. Your aim is to ensure that your employees have the skills, experience and attitude that will help you achieve your objectives.