Why spend time and money training people if they’re just going to leave…. but what if they stay!? “Train people well enough so they can leave, treat them well enough so they don’t want to” – Sir Richard Branson Richard Branson is one of the world’s most influential businessmen & he […]
Tag Archives: business advice durham
06
Oct
Oct
If you have the responsibility of managing a team then you may be aware of some challenges that are hindering your teams’ performance. Underdeveloped teams need to be addressed promptly before low morale and skills gaps turn into ‘runaway poor performance’, which in its extreme can result in a total […]
24
Aug
Aug
When you are running a business it’s easy to confuse cashflow with profit. After all both could be considered to indicate that you’re making money, so what exactly is the difference between the two? Profit Profit looks at the total financial gain (or loss) that a business experiences over a […]
03
Aug
Aug
A common issue in business occurs when business owners don’t fully understand how profit their business is generating. The Importance of understanding profitability: Financing – Understanding business profitability is important as profits influence financing decisions such as obtaining loans from banks. Dividends– Profitability is also important when extracting dividends […]
29
Jul
Jul
Time management in running a business can often feel like this: stop, start, stop, start, think, start, stop. You don’t have the time or resources to gain full momentum most of the time and when you do, there’s always something niggling away at you that needs to be sorted. This […]
21
Jul
Jul
As a business owner do you find you are wearing too many hats? If so you may need to run an organisational review on your business. In order for a business to run effectively and efficiently there needs to be a clear organisation chart, which visually defines departments, functions, roles […]
19
Jul
Jul
Legal restrictions in place in respect of Covid-19 start to end today (Monday 19th July) in England, Wales and Scotland. Each country is taking a slightly different approach to timings and some of the detail around what is required, but in all countries, there is the start of an easing. […]
13
Jul
Jul
One of the most stress-inducing parts of running a business is not knowing enough about your cash. How much is coming in, how much is going out, where it’s going, whether you’re covered. No fear hits quite like an unexpected bill when you’ve got a bunch of overheads that need […]
22
Jun
Jun
Where do you want to go with your estate agency business? From our experience working with Estate Agency owners, we know two things to be true: You have a desire to improve your business in some way – not necessarily to grow and expand, but to create greater freedom for […]
04
May
May
We’re helping clients assess if they might need funding and loans available to help. The government recently launched its new Recovery Loan Scheme, so we wanted to make sure you knew your options. Here’s five things to know about the scheme: There’s no turnover or trading history requirements Personal guarantees […]