A Factsheet from You’ve worked hard to build your business and now the orders are coming in, customers are talking, and you’re thinking: “If I had more stock, more space, or another pair of hands, we could really grow.” But growth needs funding and too many small business owners reach first for personal savings, personal loans, or even the family home as security. It’s quick and sometimes the only route that feels available, but it’sContinue reading “How to Fund Growth Without Risking Your Home”
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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”
Cutting Energy Costs Without Cutting Quality
A Factsheet from Rising energy prices have been hitting small businesses hard. From cafés and salons to workshops and offices, gas and electricity bills can eat into already slim margins. In some cases, they’ve doubled or tripled in just a couple of years. But reducing your usage doesn’t have to mean compromising service or quality. With a bit of planning and investment, you can cut costs without customers noticing any change — except perhaps inContinue reading “Cutting Energy Costs Without Cutting Quality”
Marketing: Attracting Customers on a Budget
A Factsheet from When money is tight, marketing is often the first thing small business owners cut. But without marketing, potential customers may never find you — and sales will dry up. The good news? Effective marketing doesn’t have to break the bank. Register at http://www.business111.com for more factsheets By Liz Barclay Know Your Audience Start by identifying your ideal customer: Knowing this allows you to target your efforts and avoid wasting time andContinue reading “Marketing: Attracting Customers on a Budget”