Why Do Businesses Fail to Grow?
No entrepreneur or business startup sets out to fail, yet in every industry, there are those companies that grow and dominate their markets, while others stagnate or ultimately fail.
How to Stay Productive When You Work Remotely
Working remotely or freelancing has its positives— working in your pyjamas being one of them— but when it comes to self-motivating and staying productive, it can be an uphill battle.
Avoiding Supply Chain Woes
Controlling a supply chain can be a very difficult exercise. Businesses can struggle to control what is going on in their supply chain and this can result in failure.
5 Essential Business Costs Not to Skimp On
If you are a startup owner or entrepreneur, it is no secret that you may be working within a tight budget. The ability to make pennies stretch is an important survival skill.
Women in Tech – It All Adds Up!
Recruiting more women into roles within the technology sector continues to be to a major challenge for employers. In the UK technology sector, only 15% of people working in STEM roles are female, and women hold only 5% of tech leadership positions.
What to Learn from Failure in a Business
There are many lessons to be learned through failure. Each time something does not work in a business, there are endless reasons and factors that could culminate to cause the failure.
We Asked Retailers About the Habits That Led to Their Success. Here’s What They Said.
Highly successful retail businesses don’t just happen overnight, nor does it (usually) occur because of one big, bold action.
Retail Metrics: 14 Essential KPIs for Tracking Your Business’ Performance
Numbers don’t lie, so if you find yourself at a loss with what’s happening in your business, one of first the things you should do is look at your retail metrics.
Managing Supply Chains Effectively During the Holiday Season
Gift giving is a major part of the holiday season. As a result, the holiday seasons is hectic, not only for the consumers, but also the retailers and manufacturers supplying the gifts.
How to recognize and prevent sexual harassment in your office
The Harvey Weinstein scandal is back in the news this week – and it’s a reminder that we should seriously think about how we recognize and prevent sexual harassment in the workplace.
How to Encourage Impulse Buys and Unplanned Purchases in Your Retail Store
Impulse purchases account for a significant chunk of the consumer spending pie. According to a study by Marketing Support, Inc. and Leo J. Shapiro and Associates, about one-third of all consumers make a sizeable impulse buy every week, with a median purchase of $30.
Expanding from 1 to 5 Stores: How This Retailer Used Communities to Fuel Their Growth
Picture this — you find yourself in an industry that is dominated by big chains at the top and crowded with online stores that keep popping up. How do you stay competitive?
Choosing Cloud Software? Look Out for These Trends
Software as a Service (SaaS) has paved the way for businesses and consumers to test early cloud services. With SaaS being both flexible and financially attractive, businesses continue to take advantage of the simplicity and high performance the cloud offers.
5 Ways to Reduce Debtor Days
Debtor days measures how quickly cash is being collected from debtors. The longer it takes for a business to collect, the greater the number of debtor days.
Technology + Humanity = The future of services
Running your own business is awesome, right? There are not many other lifestyles that afford the opportunity to enjoy the kind of life you’ve always dreamed of, on your own terms. Time, money, flexibility… the chance to have it all.
Streamlining your Small Business for Greater Efficiency
One of the complexities of managing a small to medium sized business is having the ability to optimise your organisation, enabling it to run more efficiently.
Ready, Set, Grow: A Guide to Funding Business Growth
Almost every small business struggles through ups and downs on their journey to funding business growth.
Learn how to create business values in just 5 simple steps
When it comes to creating a vibrant company, values are absolutely foundational – in fact, they’re one of the most visible aspects of any company culture.
Avoiding Stockouts: 5 Preventable Causes of Out-of-Stocks and What to Do About Them
Stockouts almost always make it to the “worst nightmare” lists of retailers, and for good reason. Not only do they lead to lost sales, but out-of-stocks also result in reduced customer satisfaction and lower loyalty levels.
What’s Brewing in the Future of Coffee?
The growth of the coffee industry has been truly unprecedented and experts have been prepared for the bubble to pop.
How To Prepare Your Business For The Next Recession
There has been a lot of chatter in the media recently that another economic downturn might be around the corner. As The Wow Company found in their recent “How recession-proof is your business” survey, a surprisingly high number of UK-based businesses are not prepared for the next recession.
Getting business strategy at the heart of your success in 2018
Strategy lies at the heart of most successful businesses. Businesses that plan and have clear objectives or goals, robust accountability and a shared sense of purpose should always outperform those that just show up and go through the motions.
Financial Mistakes To Avoid In Your First Business
After spending months thinking about it, you finally decided to quit your 9-5 job and start your very first business. You think that this will be a win-win situation for you because you get to do what you love and be your own boss.
8 Eco-Friendly Packaging Alternatives for Your Shipping Needs
If you’re shipping your goods out to your customers, it’s essential to ensure your freight costs are as low as possible. At the same time, we all know how important it is to reduce our impact on the environment.
Working From Home – Managing the Risks to Reap the Rewards
Working from home is becoming increasingly common as many employees look for flexibility and work-life balance.
Where Do Your Customers See Value?
Most small businesses are trying to grow their market share and revenue. This typically means thinking deeply about one of the major factors affecting inventory management: pricing strategy.
Social Media Lessons for Retailers
The 3 Best (and 3 Worst) Things You Can Do On Social Networks. Successfully managing your social media efforts takes more than just creating an account and posting a few updates every now and then.
3 Deadly Sins of Inventory Management
Sales numbers are not the only factor that influence a business’ bottom-line. Inventory management is just as important, and managers need to be wary of a few common inventory management mistakes to avoid.
Is Peer to Peer Lending the Best Funding Option for Your Business?
Over the last five years, peer to peer lending has become a popular alternative to traditional bank lending for individuals.
How to Get Media Coverage for Your Retail Business: A DIY Guide
There are several advantages to getting some good PR for your business. In addition to generating buzz, getting covered by the press can drive traffic and sales while boosting your credibility in the process.
Do You Need to Up Your B2B Marketing Game?
Business to Business (B2B) marketing practices are changing. Here we identify the latest trends and best practices of 2017.
6 tips to help you create compelling content for your website
Is your New Year's resolution to update your website? Use our tips to help you create engaging content! Is your New Year's resolution to update your business website?
4 Essential employee engagement trends for 2018
Creating a highly-engaged workforce and a thriving workplace continues to be a major focus for all HR managers. And the reason is simple.
3 Great Examples of Retailers Reinventing Their Stores to Reach Modern Consumers
If you’ve been keeping abreast with the latest trends then you’ve likely heard about the shifting shopping habits of consumers.
6 Factors You Need to Know When Considering a New Supplier
The best suppliers will provide the most suitable goods or services at the right prices and within the right time frames for your business needs. Below we give you six factors you need to know when considering a new supplier.
Virtual Currencies: Bitcoin and other Virtual Currencies
Many virtual currencies, such as Bitcoin have emerged over the last 10 years but just how safe are they? We explain how virtual currencies work and the risks you take buying, trading or investing in them.
The Value of Workplace Training
Training in the workplace is a very valuable and important component of running a successful business.
The Dance of Technology and Business
Conducting business is no longer as simple, and dare we say primitive, as being present in the store at the point of sale, making said sale, recording said sale and replenishing inventory stock – all in a very hands-on manner.
Shipping Musts and Must-Nots
Online purchasing has not-so-slowly and very surely become the way people shop. It is efficient, convenient and best of all can be done without any concern for traffic or trying to find dreaded car-parking at a mall.
5 Retail Store Design Upgrades That Won’t Break the Bank
Take a moment to put yourself in your target customer’s shoes. Now, pretend you’re someone who’s walking into your store for the first time.
The Happiest Time of the Year? Holiday Pressures for Food Manufacturers
Holiday seasons are often just as exciting for food manufacturers as they are for consumers. Holiday seasons are big business for food manufacturers.
The Five Elements of a Lean Business
If your business is doing well and you’re looking to expand, that can be a sign of success. However, moving to the next stage of business development can be a risky endeavour.
Making a Case for a Time and Attendance System
Having reliable rostering software, like goRoster, means that you know who is working in your business at any given time. It’s a great tool to help you manage your staff without having to be on site 24/7.
Happy Customers, Thriving Company: The Role of Inventory Management
If there were no customers, there would be no business. And with no business, there is no income. So, it would be safe to summarise that customers should be the point of business, would it not?
Buy Now, Pay Later Services
Buy now, pay later payment services allow you to delay payment or pay by instalments (often fortnightly) over a period of time.
Automation: Changing the Face of Inventory Management
Inventory control and supply chain management has evolved on a near continuous basis since the 1980s.
4 Questions to help you assess HR software costs
To manage people in fast-growing small businesses like yours, you need to streamline all areas of HR administration – which would be hard to do without HR software.
10 Tips to Help You Meet (and Beat) Your Retail Sales Targets
If you’re reading this, then you’re likely: a) not meeting your retail sales targets; or b) meeting your targets but want to find ways to blow past them.
What Retailers Should Know About Selling to Millennials (a Chat with Jasmine Glasheen)
Millennials. They’ve been called everything from entitled and lazy to fearless and empowered. But whatever you think about this generation, one thing is clear: Millennials (aka Gen Y) continue to have a significant impact on the economy and society in general.
The Basics of a Good Business Plan
Business plans help define goals and help you achieve them. If you take time to set concrete and achievable goals, you can then chart a plan to reach these goals successfully. Having tangible goals can make a business thrive.
Late payment reduces small business confidence to grow
Three quarters of small and medium sized UK builders say that late payment has directly hampered their business growth according to a recent Federation of Master Builders survey.
6 tips to help you create compelling content for your website
Don't cut corners when creating content for your website. So you’ve decided to start an online business—congratulations!
Tackling your cashflow challenges this Christmas
Most of us look forward to Christmas as a time for fun, festivities and spending time with the family. If you’re a small business owner though, it’s not always the carefree holiday you might hope for.
Millennials Changing the Landscape of the Alcoholic Beverage Industry
Millennials have a significant influence in consumer trends in a wide range of industries. The alcoholic beverage industry, for example, is becoming increasingly conditioned by trends among millennial consumers.
Lean manufacturing and the coffee roast
The coffee category of the hot beverage industry is thriving, with the number of coffee drinkers growing each year. Cafes and coffee vans are everywhere, meeting our seemingly unstoppable need for a regular caffeine fix.
5 Types of Sales Promotions in Retail (and How to Implement Them)
Promotions are almost always part of a retailer’s sales and marketing mix, and for good reason — they can drive sales and help you move inventory.
7 Ways to reduce your impact on the environment
Managing your business’s impact on the environment is not only good for the environment but it can also help to improve your business’s reputation and reduce business costs.
5 Current cloud computing trends in business
For most businesses the question is no longer whether it is appropriate to adopt a cloud service, but rather when is the right time and what services to move.
13 practical ways to make your job ads stand out from the crowd
Writing great job ads is often more difficult than it looks. As well as selling the key requirements of the role, and presenting your company in a positive way, the job ad has to attract the right talent, and drive a response from suitably qualified candidates.
Why, How and When To Use a Fixed Term Contract
Many businesses in the building, civil and mining and professional services industries in particular, underestimate the benefit of a well-constructed employment contract.
Make sure you don’t overlook this critical step in your employee onboarding process
So, you’re doing your homework on employee onboarding and preparing new starter kits infused with your company’s values. You also want to mastermind an onboarding process that even the tech giants would be proud of.
How Small Businesses Can Use Peer-to-Peer Lending
A new trend is rising, changing the way people can are securing financial needs. This new trend gives both individuals and businesses an alternative source of financing.
9 Tech Trends That Are Rapidly Changing How Businesses Do Business
As technology and digital marketing tools continue to improve, businesses will have to adapt to trends in marketing and consumer behavior.
Workplace training – what’s in it for the company?
Workplace training is an important part of company work life which, as expensive as it may be, is a necessary means to a skilled workforce.
You gotta dig the No Dig method
Dennis Yarrow began Yarrow Plumbing back in 2003. Before that, he cut his teeth in the plumbing industry working in Papua New Guinea where he learned how to manage a team of 50 (and some other life skills he hadn’t bargained for).
Why profit isn’t the problem and cashflow is king
What is cashflow management? In its simplest form, cashflow management is doing everything possible to ensure that money flows into your business as quickly as possible, and leaves the business as slowly as possible.
Should Your Business Give Trade Discounts?
Many businesses use trade discounts to simplify variable pricing, protect a market recognised price point, stimulate sales or reward customer loyalty.
Encourage teamwork in the workplace to enhance stock control
In any business, large or small, good teamwork is essential for morale, productivity and efficiency.
Brewery Inventory Management Up In The Cloud
Brewery inventory management can be done in a variety of ways. Often, companies will rely on a combination of methods, including web apps, written notes and spreadsheets.
Action Planning for client success
When I designed the first Spotlight Reports, I usually included an Action Plan to close the circle between great data analysis and goal-setting.
5 Subtle Signs That Your Retail Store Is in Trouble (and What to Do About Them)
Have you ever heard about the parable of the boiling frog?
Teamwork: A Key Ingredient For A Successful Business
Aside from efficient inventory management, teamwork is an incredibly important component of the ‘successful business’ recipe and if left out, the result can be a real flop.
4 Tell tale signs that you need a new HR system
These days, managing HR in a growing business is a constant task. As an HR manager, you’re probably overloaded with work and you never seem to get to the bottom of it all.
3 Forecasts Your Business Needs To Succeed
Forecasting is the process of estimating the effects trends, costs and external factors will have on your business in order to give yourself time to prepare.
The Best Xero Add Ons for Business Funding
Whether you’re trying to bridge a cash gap or secure funding to grow your business, the Xero marketplace offers a suite of apps that can help
Is Ecommerce Really Killing Brick and Mortar Retail?
Let’s get straight to the point: ecommerce is NOT killing brick-and-mortar retail.
3 Simple signs your business is ready for a payments platform
At a certain point, every growing business needs to take a leap and invest in new technology. It can be daunting and expensive, but the rewards can greatly outweigh the costs and stress.
9 Expert Tips To Instantly Improve Your Business’ Cash Flow
There are many reasons why you may want to improve cash flow in your business. Maybe you’re looking to free up some cash to put towards growth, or maybe you’d like to build up your cash cushion to protect yourself from any bumps in the road.
The Best Xero Accounting Add Ons For 2017
How do you know which Xero Accounting Add Ons to use?
How to take your business to the next level
You’ve done the hard work by setting up your business and establishing solid foundations with a good client base – congrats! So how do you expand, and do so profitably?
Common Inventory Management Mistakes: A Closer Look
Inventory management can be overwhelming. There can be an incredibly large amount of tangible inventory, which can translate to a huge amount of responsibility and pressure to manage this inventory properly.
Using data to drive innovation
We live in a data-driven age - so why not use data in your business to solve problems, be more efficient and invent new products?
Should Your Business Consider Discount Pricing?
Choosing a pricing strategy is a difficult decision, but one that every business needs to make. Pricing strategy affects most aspects of a business, including its revenue, market share and profitability.
Penny pinching? Here are some ways to reduce costs
With global recessions, increasing oil prices and increasing competition, saving money wherever possible and thereby maximising profits is the name of the game.
How Cloud Technology Has Transformed the Role of Accountants
The role of a tax accountant has been continuously changing over the course of the last 50 years, and it is currently undergoing yet another transition period with the growing popularity of cloud accounting.
Four signs it’s time to systemise your staff roster
To be successful in business, you need to be organised, have a clear plan for where you’re headed and be confident with the processes you have in place.
Work from Phone: 5 Ways to Use Your Mobile Device to Run Your Retail Business
Mobile technology has revolutionized the way modern society does business and permanently changed the retail landscape.
Supply Chain Risks and Inventory Management
There are a multitude of things that can go wrong throughout the supply chain, exposing the firm to different kinds of risks.
Handheld devices in field service
More than just dispatching machines, handhelds have become as ubiquitous to field service as the screwdriver and wrench.
Get ready! The millennials are coming…
Millennials – young people born between the 1980s and early 2000s – make up an increasingly large proportion of drinking-age customers. It’s important that good hospitality businesses understand that.
Five ways to build a happy team
We have spoken to hundreds of business owners and thousands of their employees over the last twelve years.
6 warning signs that your business is outgrowing your ecommerce platform
There are many factors to consider when you’re selecting an ecommerce platform, and when you first start selling online, it can be hard to find one that’s the right match.
4 tell-tale signs you need an HR manager right now
No one ever starts a business with the intention of spending most of their time tied up in the administrative tasks that come with operating one.
The Benefits of Cloud-Based Software for Manufacturing Businesses
More and more manufacturing companies are beginning to use cloud-based manufacturing systems to improve the way their business functions.
SMEs and Globalization: A Changing Landscape
Advances in technology over the last two decades have shrunk the world; travel is inexpensive, cross border payments are fast and businesses communicate in real-time.
Let’s make it clear – Good mobile staff communication is vital
Many small business owners don’t give a second thought about the need for clear communication.
How to ensure your jobs are profitable
If you’re in business, making decent money is important. Sometimes, though, it doesn’t always work out the way you’d planned...
6 Tools Businesses Need to Get Their Finances in Shape
You need to keep track of transactions for the tax office, lenders, but most importantly for yourself, as a business owner.
6 Retail Books You Need to Read
Helpful and informative retail books abound everywhere you look these days.
