Citing 2021 U.S. Bureau of Labor Statistics data, Investopedia reports that about 20% of new businesses fail within two years of opening. Meanwhile, 45% fail during the first five years, and 65% don’t make it to their tenth year. Just 25% of new businesses last at least 15 years. How can you increase your start-up’s […]
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A key element of a successful business is understanding the best ways that your business can grow, evolve, and develop – and this includes understanding the basics of growth strategies. The most common way to think about growth strategies is in terms of how you will increase sales or revenue. This is often referred to
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Identifying opportunities for growth and development is a crucial element of running a successful business, and taking things to the next level. In practice, however, this can be easier said than done; being able to spot opportunities for growth is a skill, and one that needs to be honed and practised over time. Fortunately for
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Key performance indicators, or KPIs, are an important element of any business, and can help you take your business to the next level. Understanding how to develop KPIs for your business can be tricky, especially if this is the first time you have used them to improve your company and focus your goals. To help,
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Both CFOs and Finance Directors work to ensure that a company is running smoothly, and as their titles suggest, they take care of financial responsibilities. But just what are their roles in a business, and which do you need for your organisation? We took a closer look to ensure that you have all the information
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A finance director (FD), sometimes known as a finance director consultant, is responsible for managing the financial affairs of a company. They ensure that the company has enough funds to meet its obligations, and they also monitor the company’s cash flow. Financial directors are usually involved in budgeting, forecasting, controlling costs, and ensuring profitability. Their
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Nowadays, owning a business means that you will be looking to establish a brand and an associated product or service. Thanks to the pandemic, small businesses have had it very tough. However, now that things are calmer from a COVID-19 perspective than they were before, it’s time for you to get your company back on
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If you are a start-up company, it can be difficult to maintain your funds throughout the year to make sure that your business can experience continuous growth. When you first begin your business, don’t just undertake the challenge of growing your company on your own. Instead, you can look to the UK Government or other
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A business’s financial structure is a matter for that specific organisation, and no two businesses will operate their financial teams in exactly the same way. Nonetheless, there is a standard structure that many will follow: a CFO (Chief Financial Officer), a vice president, one or more accountants, and a budget analyst. Whether the firm in
Where does a CFO fit into a business’s financial structure? Read More »
No matter how proudly independent you are in coordinating your business’s direction and growth, there will almost certainly be times when you feel the need to seek the advice of someone else – potentially someone completely outside of your company. Even the most successful companies seek out external individuals to give them help and advice
What stage in your business should you invest in a business growth advisor? Read More »
Whether you are at the helm of a start-up looking to grow, or a much bigger organisation seeking ways to optimise current operations, you should never underestimate the power of the right business growth strategies. After all, if there’s one thing that can be said about business, it’s that business is always evolving. There’s always
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