As a business owner, selling your business involves one critical task—finding the perfect buyer. In this guide, we will walk you through essential steps and factors, optimising your journey to maximize your business's value and achieve desired outcomes. Thorough...
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Continuous Improvement doesn’t have to be difficult (4)
So far, we’ve covered three things you can easily do to get your improvement journey started: Make notes in real time about what goes wrong or can be improved Chat about how well (or otherwise) things are going and what needs to change Draw pictures of how you do what...
Material Requirements Planning (MRP) for SME’s – Do you need it? Where do you start?
As an SME grows the nature of the business becomes increasingly complicated, particularly if manufacturing or distribution are involved. In the early stages, most businesses manage with the back of an envelope or an Excel spreadsheet, but at some point, the...
How to build a marketing strategy from scratch
SME owners often invest in marketing without having a clear understanding of how to be successful. Find out how to build a marketing strategy from scratch.
Mastering Business Pivot: A Guide to Navigate Change and Seize Opportunities
We are often asked when is the right time to change a business, what are the signs to adapt? Pivoting a business—making substantial changes in core strategy, product offerings, or target market—can be the game-changer between survival and failure. This article delves...
How Should Business Owners Manage Procurement in Their Business When Selling It?
When it comes to managing procurement in relation to selling a business, there are several steps that business owners should take to ensure a smooth and successful transition. Here are some key considerations: Identify key suppliers It's important to identify the...
Seven principles of quality management
A fundamental requirement of ISO9001:2015 standard is for top management to be involved in all aspects of the quality management system instead of delegating responsibility. As part of these responsibilities the ISO9001:2015 introduction makes reference to the seven...
The Benefits of an Environmental Management System
Pressure for corporations to monitor and build upon efficiency in regard to their carbon footprint has never been higher, with estimates that at the current rate, global warming could become irreversible in 2024. Organisations awarding contracts and new business want...
R&D Tax Credit Schemes to Merge – What does it mean for UK SMEs?
The Autumn Statement 2023 confirmed that the merger of UK Research & Development Tax Credit schemes will go ahead as early as next year. This change will be legislated in the Autumn Finance Bill 2023. But what does this mean for Small and Medium Enterprises? I...