How to Come Up with a Business Idea

Do you want to start a business, but don’t yet have an idea you want to invest your time and money into? If you have spent any time looking for business ideas, you will know there are lots to choose from. How do you find one that is right for you? Here are some things […]

How to Forecast Sales

Sales forecasting is important for all types of business. This applies to businesses in the pre-start-up phase as well as established businesses. Proper sales forecasts give you an idea of the potential of the business and where you could be in one, two, three, or five years’ time. Forecasting sales is not easy, however. After […]

7 Tips for Analysing Your Competitors

If you are planning to start a business, introduce a new product, or expand into a new market, you must analyse your competitors. This will give you an idea of the direct and indirect competition you face as well as how your offering stands out. It is also worthwhile analysing your competitors on an ongoing […]

Business Growth Strategies Explained

To push your business forward and make it bigger you need a clearly defined growth strategy. This means something more than increasing sales targets or revenue projections. Instead, it means understanding the main growth strategies that are available to your business, selecting which is most appropriate and then adapting it to your objectives. There are […]

What is Net Profit and Why Is It Important?

Sales are an indicator of the success of your business. There is a more important measurement to look at, however – net profit. What is net profit, though? What is Net Profit? Net profit is the amount of money that is left after you subtract your total business expenses from your total revenue. In other […]

How to Calculate Gross Profit

Gross profit is one of the most important financial figures you need to know about your business. It helps give you a better understanding of your finances, helps you plan for the future, and, crucially, helps increase your net profit (your overall profit). In this post, we’ll look at how to calculate gross profit. First, […]

5 Effective Ways to Increase Profits

Do you want to grow your business over the coming year? Do you need a strategy to increase the money you make because your profits have plateaued? Are you trying to turn a break-even or loss-making business into a profitable one? Here are five effective tips to increase profits in your business. Understand Your Profit […]

Credit Control Essentials You Need to Know

You’re not a debt collector, but if you give your clients credit, collecting payments from them is part of doing business. In addition, some of your clients will, from time to time, not pay you. You will need to deal with this too. To help you with this process, here are the credit control essentials […]

An Introduction to Local SEO – the 5 Main Things You Need to Know

SEO is important for all businesses, including those that target a local market. Local SEO is about ensuring your website appears in as many Google locations as possible for the search terms that are relevant to your business. This will help you win more customers and generate more revenue and profits for your business. Here […]

25 Time Saving Tips for Small Businesses

Having enough time to get the job done and move your business forward is not easy. Here are 25 time-saving tips for your small business that will help you make the best use of your time. 1. Create and use a to-do list to help you keep track of what needs to be done. 2. […]