Tag Archive for Advice

How to retain your competitive edge in business

Starting and growing a successful business isn’t for the fainthearted. Plenty try it, with an incredible 80 businesses started every single hour in 2016. But many of these won’t make it, with studies estimating as many as four in ten fail within the first five years. Even once you’re established, the competition is relentless and
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How to retain your competitive edge in business

Starting and growing a successful business isn’t for the fainthearted. Plenty try it, with an incredible 80 businesses started every single hour in 2016. But many of these won’t make it, with studies estimating as many as four in ten fail within the first five years. Even once you’re established, the competition is relentless and
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How I proved to sceptics that my business model was worth investing in

I still get my ‘oohs and ahhs’ when people learn I did a Ph.D. in Organic Chemistry at Northwestern University in Illinois, USA. The truth is, starting a business was at least 100 times harder. I’ll try to minimise the science jargon, but the scientist in me has a way of bubbling up. As they
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Small Business Agony Aunt: Your pressing questions answered

In this piece, we ask one of Grant Thornton’s Business Growth Advisers your most pressing small business questions. Grant Thornton offers a number of growth services which provide small businesses the opportunity to connect with experienced business people, to support them in achieving rapid and sustainable growth. Our first column features answers from Ian McKinnon.
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Learning from my mistakes as a start-up accountancy practice

It’s well know that great business ideas come from someone fixing a problem. There are great businesses out there that are successful because that fixed a simple problem. Just think how simple post-it notes are. 3M created the idea in 1980 and now turn over £30 million per year! Not bad for a square piece
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Five top tips when being interviewed ‘down the line’

TV news increasingly favours the ‘down the line’ interview because there are so many advantages for the media outlet. A ‘down the line’ interview is conducted remotely where the interviewee cannot see the interviewer but can hear the questions being asked through an earpiece (hence down the line). ‘Down the line’ interviews can be live
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Three professionals that can help with your start-up venture

When it comes to starting up a business, there is a huge amount to sort out. As a result, it can become impossible to sort everything out on your own. Even if you have friends and family helping you, there are times when you will need professionals with expertise and special skills to help get
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Going into business with a friend: Tips for best practice

Ten years ago, university friends Polly Marsh and Helen Wooldridge, co-founders of family bathtime brand Cuddledry, appeared on Dragon’s Den to pitch their pioneering hands-free baby towel, and made the bold decision to turn down all offers of investment from the Dragons, deciding instead to go it alone. A decade on, they have surpassed all
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