In the final post of our business tips series we have top tips from local businesses, which you will hopefully find interesting and useful to you or your clients:
Ensure you have core values as a business and stick to them. For example we aim to deliver an experience that combines fun, quality and innovation to gain the most rewarding results for all.
Nick Howarth – Workplace Pensions Co-ordinator – Taylor Patterson Financial Planning
While borrowing money from friends and family might be an easier solution initially, in the long term it will act as an impediment to growth. As fast growing SMEs’ funding needs change and their funding requirements become more sophisticated, the tap of familial generosity will run dry. Invoice financing is good way of gaining access to cash that you are already owed, instead of having to wait for weeks, if not months, for clients to pay their invoices. Additionally, trade and export finance offer specialist funding for businesses trading abroad. Now is the time for the small business owner to heed this advice and start using their own assets to finance growth in 2016. There is no need to borrow money from others – whether a loan or funds from a family member – when you are sitting on hard-earned profits that you can release today, instead of tomorrow.
Christopher Rimmer – Business Development Manager – Bibby Financial Services
More than 3 billion people are now using the internet, with people from all over the world spending time online. This means that having a website has never been so important to your business. Not only will it give you the opportunity to introduce your brand and engage with new customers but you can also make sales that would otherwise not have been possible.
If you’re looking to get a new website or perhaps want to upgrade your existing one you will need to consider Quality of the design, Functionality, Search Engine Optimisation and Content.
Sharon Challiner – Piranha Advertising & Marketing Solutions
No one can predict the future so to reduce any unnecessary stress on yourself and your business ensure you have adequate insurance in place to protect you from fire, flood, water leaks, storm damage, malicious damage, theft and business interruption. If the worst does happen and you need to make a claim appoint a FCA regulated loss assessor as they will do their utmost to expedite your insurance claim as quickly and efficiently as possible, maximising your settlement and minimising the disruption to your business.
Martin Curran – Martin Curran & Associates
As a firm of accountants we come across many businesses and service providers on a day to day basis, we love to recommend local businesses to our clients and visa versa. It is just one of the ways we go the extra mile.