Tag Archive for Business Management

How to avoid tool theft

Tool theft is on the rise and millions of pounds worth of tools are being stolen each year from vans, houses, and business premises. We recently delved into our claims data and found an incredible 30 per cent rise in tool theft from tradespeople in 2016, with a 40 per cent rise in the value
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Three attractive countries to start a business

An innovative idea is an important step when opening a new company but another issue to consider that will have a great impact on the success of the business is its location. Different countries have different business climates, incentives for foreigners and a general openness towards expats. Here are three attractive countries that offer different
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How to rebuild your small business after a reputation blow

It’s not only large businesses that can suffer from the backlash of unhappy customers after making a big, but often innocent, mistake. Small businesses, who might still be in the early stages of developing their products and services, are at high risk of making mistakes too. Slip ups in small businesses can happen from time
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Are your line managers prepared to manage inter-office conflicts?

Research from the CIPD shows that more than half (53 per cent) of line managers are not trained or qualified to handle ‘difficult conversations’ and office conflicts. The corresponding report also reveals some conflict solution techniques can be counterproductive and ‘kill the employment relationships’. Elsewhere in the report, it states that ‘we see discipline and grievance processes as
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Stress busting tips for small business owners

Running your own business can be an incredibly rewarding experience but it has its downsides too and not everyone is prepared for the inevitable stressful moments. According to a survey carried out by Haines Watts, 35 per cent of UK business owners completely lose motivation to run their business due to stress at least once
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The leather goods entrepreneur: Expanding in the face of challenge

Maxwell Scott is a luxury online retailer selling Italian leather goods, based in the UK. Here, managing director William Forshaw discusses how he increased revenues from £1 million to £2.5 million in the last two years.. 1. When did you start the business, why, and what were you doing before this. After graduating from university in 2000,
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Article 50 triggered: So what next?

In the wake of triggering Article 50, one of the most historic events in the country’s history, the question on the lips of the entire business community is ‘what happens next?’ The outcome of Brexit will affect the fortunes of the UK economy now and in the future, and businesses are calling for urgent guidance
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Why running a business past 70 takes planning

We all know that we live in an ageing population, but just last week it was once again confirmed just what an impact this will have on all of us – particularly those just starting out their career. The Cridland Review – which looked at the options for state pension age rises after 2028 –
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Why large companies fear the innovation of small businesses

Small business owners often cite lack of time and low-quality employees for the reason that they have little time for innovation – and large companies love it. Why do large companies love it? Because if small business owners continue to ‘not have enough time’ to innovate, then the chances of small businesses creating new products and
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Three methods for scaling a business

Scaling means something different to every business. It might refer to an increased online presence, more employees, a new premises or any combination of these. It also requires a business to add revenue at an exponential rate, whilst adding resources at only an incremental rate. In simple terms, a scalable business is one that has
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