So, you have taken your big idea and with great care and attention you have grown and nurtured it. You have invested both your own time and money, the business plan is ready, the concept has been proven, you have…

Innovation usually means developing a new product, market, or service which the innovator hopes will take the world by storm, and everyone is looking for the “next big thing” which will take their business to new levels of success and…

The Supreme Court’s rejection of the Office of Fair Trading’s challenge to excessive personal bank charges also means the prospect of an attack on business banking charges has vanished. When times are tough, being forced to pay a penalty for…

Often a business will merge with another because the opportunity arises. Invariably this is the wrong policy as it’s more important to carefully consider your long term strategy, where the business is going and what resource is needed to get…

1.) Obligation There is no specific legal obligation for directors to meet as a board. The default Articles applying to any company not adopting alternative or amended articles state a ‘general rule’ that any decision made by directors must be…

There is no hiding from the difficult trading conditions that currently exist, but it is not all doom and gloom. After every recession is a period of prosperity and the best companies will come through at the expense of the…

Today, few companies can hope to survive unless they offer some form of trade credit. A company that decides to extend credit to its customers accepts a risk. The company is, in effect, lending its money to its customers. There…

  Once you have made up your mind to go ahead, you need to get to grips with the legal requirements for forming a business. Setting up your business in the right way keeps costs down. It can also help…

Business owners shouldn’t ignore warning signs that could indicate financial problems. The production of monthly accounts and cashflow reports is essential. Just as important is the implementation of a credit control system to deal with late payments promptly. Don’t fall…

KPI is an acronym of Key Performance Indicator. They are designed in such a way as to give you a snapshot of your business in relation to the goals you have set for it. From it you should be able…