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Tag Archive for Business Planning
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Getting Back to Business as Normal in a Post-Pandemic Era
by Mike Kappel • • 0 Comments
To have a smooth transition for your business, team, and customers, keep these six things in mind.
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Part of Your Business Plan Needs to Involve Drastically Changing It
by Mary Fran Bontempo • • 0 Comments
Leaving room for evolution and quick-pivot adaptation in any business plan is essential to success.
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4 tips to prepare for Brexit uncertainty – whatever happens
by Victoria Brocklesby • • 0 Comments
Originally written by Victoria Brocklesby on Small Business
The subject of Brexit fills many with dread as we continue to talk about it ad nauseam. That said, one way or another, a decision will be made which will greatly influence how UK businesses operate moving forward. The impact will be huge.
How Brexit has affected my firm
From the moment the Brexit decision was announced, we knew that it was going to be a huge change for us. Roughly 50pc of the aluminium we buy is from Spain and Germany, while a large number of our workforce comes from Poland, Bulgaria and the Czech Republic. We are still continually working to assess the risks Brexit might throw at us and how we might mitigate them, in both the short and long term.
Initially, we introduced several safeguards to ensure our operations continued at the usual high standard. We invested heavily in relationships with our European suppliers, who agreed to extend our credit terms across the entire turbulent Brexit period. On top of this, more than £3.5 million of aluminium profile was stockpiled at our factory in High Wycombe, so that we would not be impacted if there is ever any border controversy. Additional support
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Only one fifth of small businesses have prepared for no-deal Brexit
by Timothy Adler • • 0 Comments
Originally written by Timothy Adler on Small Business
Only one fifth (21pc) of small businesses exposed to Brexit have prepared for the UK leaving without a deal.
The average cost to each company preparing for Brexit has climbed to £3,000, according to the first-ever survey of small business no-deal planning.
More than one third of the over 1,000 companies that completed a Federation of Small Businesses (FSB) survey said that Brexit had already either temporarily or permanently dented profitability.
See also: GDPR and Brexit – 5 steps your small business can take
A similar number said they have had to stockpile before the expected October 31 EU exit date, further tying up funds.
The FSB, which has 165,000 members with an average of seven employees, says that almost 40pc of small businesses would be badly affected by a no-deal departure.
Two thirds of small businesses say they cannot prepare because they don’t know exactly what to prepare for. Many small business owners complain they do not have enough sector-specific information over trading and tariffs, or what kind of Brexit will become law, to be able to plan.
Mike Cherry, FSB national chairman, has called on the Government to issue no-deal preparation vouchers worth up to £3,000 to cover
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Nearly half of co-founders buy their business partners out – survey
by Timothy Adler • • 0 Comments
Originally written by Timothy Adler on Small Business
More than two fifths (43pc) of company founders are forced to buy their co-founders out of their businesses due to rifts and power struggles.
The most common reason for founding teams to split is a difference in opinions over the company’s direction, according to a survey by venture capitalist Fuel Ventures.
Of the 43pc of founders who’d been forced to buy out their fellow co-founder, more than two thirds (71pc) said it was due to “a difference of opinions for the company’s direction”, while 18pc said they felt their former partner “didn’t reciprocate their beliefs/values”.
And nearly all of those founders who’d split said the schism was triggered by “a single specific disagreement”, following a period of dispute or unrest within the founding team.
Nearly three quarters (73pc) of founders said they would never co-found a business again. And 81pc of those who would consider co-founding a business again said they would only do it with someone “they knew well”.
As to why entrepreneurs felt they needed a co-founder, 57pc of those surveyed said they felt more confident and comfortable having someone to run the business with, while one third (32pc) said they felt obliged to have a
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Fiscal Adversity Will Challenge You — Here's How to Overcome It
by David Disiere • • 0 Comments
Savvy company leaders plan for the low points and implement strategies that ensure their businesses will thrive in the long term — no matter what the economy does.
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Business planning: Short, medium and long-term objectives
by Ben Lobel • • 0 Comments
The post Business planning: Short, medium and long-term objectives appeared first on Small Business.
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How One File Can Protect Your Business From Anything
by Editor • • 0 Comments
It doesn’t have the most polite name, but a CYA file will cover your you-know-what in case of a problem related to your business venture. You never know what you’ll face — a financial inconsistency, a legal dispute, etc. — so you should keep backup copies of all of your important papers in the same place. And […]
The post How One File Can Protect Your Business From Anything appeared first on The Work at Home Woman.
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Lack of proactive planning by business as they prepare for Brexit
by Owen Gough • • 0 Comments
Business confidence has fallen back into negative territory, reversing the gains made in Q2 2017, according to the latest ICAEW Business Confidence Monitor (BCM). A snap general election, the hung parliament and the hesitant progress of negotiations with the EU has meant British businesses are now adopting a more cautious, wait-and-see approach. Key findings for
The post Lack of proactive planning by business as they prepare for Brexit appeared first on Small Business.