Although it’s not impossible to set up a manufacturing business from scratch, it’s uncommon. The reason for this is that it takes a lot of capital to buy all of the machinery, pay somebody to design the factory, and then set up the whole solution. Just look at the problems that Tesla has had over the last decade. It’s usually more economically viable to design the product and then work with a third-party manufacturer who has the tools to make it. Apple has had enormous success over the years … [Read more...]

Do you not feel like you’re always fighting a losing battle with your business? Like if you’re not trying to sort one thing, you’re trying to sort another? We feel like this is a common thought for all business owners to have. The more time you spend running a business, the more you realise that all you’re going to be dealing with is the problems you’re facing from it! So how can we reduce this? What do you think you can do as a business owner to make sure your days are more focused on the … [Read more...]

When it comes to growing and scaling your business, one of the biggest things you might start considering is whether or not the time has come to consider moving to a physical office instead of your home office. Although this can be great for many reasons, it’s important to consider your decision carefully before jumping straight in because it really is a big step and one that shouldn’t taken lightly. Certainly it’s a great idea from an investment perspective, but there are other ways you … [Read more...]

Your reputation as a business is so important. Consumers don’t make their purchasing decisions based on the product alone. They want to be sure that they’re giving their money to a company that is responsible and operates within the law. That’s why scandals are so damaging to a business. For example, if you heard that a load of people got food poisoning from your favourite restaurant, are you going to eat there again? Probably not. Some of the biggest companies in the world have failed because … [Read more...]

Technology is a scary word for a lot of people. When they think about this field, they will picture the confusion which it often brings, rather than the help it can give them to do their daily work. Unfortunately, as the tools which companies use have advanced, the people using them haven’t updated their skills, leaving them on the edge when it comes to being able to use their machines effectively. Thankfully, though, solving something like this doesn’t have to be a challenge. Instead, as long … [Read more...]

Business owners are rightly obsessed with productivity. It's the factor which separates successful companies from those that fall by the wayside. It's the key to making great profits and also motivating people. But making it stick can be elusive. From sales incentives to production bonuses, money based solutions are temporary. Looking towards more innate factors like employee satisfaction is the key to making productivity a permanent state of being for your business. One factor which is often … [Read more...]

If you’re a business owner, then it can feel like you have enough of your plate, what with all the admin tasks and other responsibilities that you have, including managing the company’s finances. As such, you don’t want to make things any more difficult than they need to be. Yet many of us do, albeit unwittingly. For some of us, our commute takes up far too much time and money. We could put both these things to much better use, with a little bit of thinking. Below, we take a look at a number of … [Read more...]

It felt like an idea that couldn’t possibly fail; the world is technology mad, so developing a new tech product is surely going to result in profits. The last few years alone have seen new things entering the public market - drones, virtual reality headsets and AI home assistants are just a few examples. So, why did your new tech product flop so hard? As it turns out, there are numerous reasons it might have failed - and some may surprise you! The price It doesn’t matter how good your … [Read more...]

Have you ever worked in a cubicle? It’s like a small four square metre prison cell. Sitting in your office chair, the only thing you see are family pictures you’ve pinned to the walls. Perhaps you recall the movie “Office Space” from the late 90s, starring Jennifer Aniston. It nicely depicts how it was working in office cubicles back then. At first glance, open-plan layouts seem so much better. Gone are the prison walls. Everything feels so spacious and everyone can speak to their neighbour … [Read more...]

When you started taking the next step with your business, you knew it would be full of hurdles along the way. Moving your business from a home office into an official commercial building has been a huge turning point in your career. Your new business premises need to be safe and secure for all of your employees before you move in, so you need to cover every angle of health and safety. You realize that it is your job to make sure no stone is left unturned when it comes to the fundamental checks … [Read more...]