A Factsheet from Every item in your stockroom is money sitting on a shelf. If it’s not moving, it’s tying up cash you could use for something else. Lean stock management isn’t about running out of goods, it’s about keeping just enough to meet demand without overbuying. Where to find help A lean stockroom means more cash in your pocket, less waste, and better use of your space. By combining good data with strong supplierContinue reading “Running a Lean Stockroom”
Category Archives: Late Payment
Exporting: Taking Your Products and Services Overseast
A Factsheet from Selling overseas can open exciting opportunities to connect with new customers, bigger markets, and more revenue. But it comes with challenges. Research your target market thoroughly. Is there demand for your product or service? What’s the competition like? Are there cultural or legal differences that might affect sales? The UK Government’s Export Academy (https://www.great.gov.uk/export-academy/) offers free training to help you prepare. ExportingUnderstand the paperwork. Since Brexit, selling even to the EU requiresContinue reading “Exporting: Taking Your Products and Services Overseast”
Insurance: Getting the Right Cover for Your Small Business
A Factsheet from If you run a small business in the UK, insurance isn’t a “nice-to-have”, it’s essential. The right policy can mean the difference between surviving a crisis and closing your doors for good. But too many small business owners either pay for cover they don’t need, risk everything by being uninsured or underinsured, or don’t understand what the policy covers and don’t know to claim when the insured problem does arise. The typesContinue reading “Insurance: Getting the Right Cover for Your Small Business”
Choosing and Managing Suppliers
A Factsheet from Your suppliers are a hugely important part of your business. Whether they provide raw materials, finished products, specialist services, or everyday essentials, they can make or break your ability to deliver to your customers. Good suppliers help you grow; poor ones can cost you time, money, and reputation. Choosing and managing them well, and building mutually beneficial trusted relationships with them is essential for any small business. What matters most to you?PriceContinue reading “Choosing and Managing Suppliers”
Building a Business Emergency Fund
A Factsheet from When an unexpected expense hits: a vital piece of equipment fails, a major client pulls out, or you face an unexpected tax bill, it can stop a small business in its tracks. Without a safety net, you may be forced to take on expensive credit, delay payments to suppliers, lose valuable employees or even close temporarily. An emergency fund acts as your financial shock absorber. Business advisers advise that micro and smallContinue reading “Building a Business Emergency Fund”