Businesses don’t have it easy. It’s no simple task to set up a business, run it successfully and make plenty of profit immediately. It will take time, commitment, the right people, the right processes, the right service offering… and plenty of capital. Businesses don’t run on hard work alone; they need to be fuelled with…
Managing a Business Effectively
Managing a business is no easy task, even for those who are seasoned business owners. You have a lot on your plate as an MD, with finances, logistics and the day to day running of your business. In order to run your business effectively, you are going to need to call on the support of…
Choosing the Ways to Finance your Business
Starting up a business is really hard work, not least because you need a lot of money to get it off the ground. For most businesses, you need at the very least stock, premises, and a marketing budget to make sure people know about you. This all requires money, something that a lot of new…
Do you Need a Senior Management Team?
A senior management team can help you run your business and make sure everything is working as it should. This can be very reassuring for you, although it is also going to cost a lot of money for your wage bill, as these people need to be very senior and experienced. So does the cost…
Bringing in a Consultant to Restructure your Business
It’s the word that no business owner of employee likes – restructuring. It will often hint at redundancies, which is why people tend to shy away from it. However, this isn’t necessarily the case, and even if it is, redundancies can sometimes be necessary. You must always be pragmatic and do what is right for…
Should you Continue with your Business?
If your business is in a financial crisis, you might well have wondered whether it is worth carrying on. What is the best way to minimise damage? Should you continue with the business, or is it simply time to throw in the towel? It’s hard to know, and as a managing director of a business,…
The True Value of Turnaround Finance
There are lots of options for turnaround finance – you just need to know where to look and understand the options available to you. If your business is struggling, then you need to find a way to improve ccash flowand find your way out of a difficult situation. This isn’t going to be something you…
Some Different Options for Business Finance
Financing a business is the hardest part of setting up a new business. So many companies fold within their first few years, usually because they won’t have the funds to keep going. If commercial business finance is a concern for you, then you should know there are plenty of options out there. Even if you have…