Collaboration and Partnering
Joining with other businesses to pursue common goals is growing in popularity as a smart way to increase capability, share resources, costs and risks. The internet, sub-contracting and being able to access talent from around the world has made this even easier.
Improving Your Cash Flow
The aim of all small business owners should be to have more money coming in than going out. From shortening your cash cycles to managing debt, there are several methods for getting on top of your cash flow.
Cost Optimization
Reducing direct costs can dramatically increase your profit on each sale while eliminating unnecessary business overhead. Here are some things to consider for optimizing operational costs.
Building Your Competitive Advantage
A competitive advantage is what you are better at doing than anyone else. The smarter you can be about developing and promoting your competitive advantage, the better placed your business will be to succeed.
Four Signs Your Business Is Set to Expand
Growing your business is one thing — but building it to scale is another by managing increased capacity (hopefully in response to user demand) and profit without adding heavy and costly infrastructure.
Building Business Resilience
If you are struggling to find customers due to an unexpected crisis, the need to avoid running out of money is critical to keep the business trading to buy time to recover. Here are some ways to create a stronger business.
Building Credibility and Authenticity to Compete
At the very start of a new business, the first customers are often the hardest to get. Potential customers may be using a competitor and must be convinced to switch, or they are aware you’re a new business and don’t want to be the ‘first’ customer.
Identity Theft and Reputational Fraud
Fraud doesn’t always mean a direct financial loss. It could be identity theft or reputational damage from online activity you can’t control which damages your credibility.