By Martin Baillie – Business Growth Specialist at ActionCOACH Bury St Edmunds In a previous article, Instantly Improve your Cash Flow despite Record Inflation, we discussed cash flow budgeting and how owners of small and medium-sized businesses could rapidly improve their cash flow just by making a few simple changes in four areas of their business. …
By Martin Baillie – Business Growth Specialist and ActionCOACH Bury St Edmunds As the cost implications of record inflation start to hit, how can business owners improve their cash flow to ensure the business remains financially viable and able to support them? The U.K.’s consumer prices index increased by 3.2% in the 12 months to…
By Martin Baillie – Business Growth Specialist and ActionCOACH Bury St Edmunds Quick question: do you know the value of your business? Most business owners I speak to can readily tell me: How many customers they have What their revenue is How much profit they make But not too many can give me a confident…
By Martin Baillie – Business Growth Specialist and ActionCOACH Bury St Edmunds Did you know, only 2% of business owners have a plan? And even fewer stick to it. However, the value of having a business plan is undeniable. Studies show that planning improves business performance and helps a business grow 30% faster than those…
By Martin Baillie – Business Growth Specialist and ActionCOACH Bury St Edmunds The COVID pandemic has hurt many small businesses, and we will feel its impact for a long time to come. As unsettling as these times are, it is important to recognise that we can’t escape the change. We have to acknowledge it and…