Wow, what do you mean you’ve gone bust?

Wow Air, Primera Air, Flybe, XL….. What do the above have in common? Well, they’re budget airline carriers who operate in a no-frills capacity. It’s estimated that around 30% of airlines who start to operate go bust within the first two to three years of trading. But why? Simply because of high operating costs, broken…

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6 Steps For Dealing With Suppliers That Have Restructured

I previously worked for two companies that had gone through major restructures or name changes. This meant: a complete change in internal processes a drive towards different elements changes to internal bureaucracy This lead to a more streamlined approach, getting things done quicker, and was sometimes necessarily brutally for survival. … but it can come…

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3 Steps To Avoid Your Creditors Taking Legal Action

What is a HCEO (High Court Enforcement Officer) and what do they do? Britain’s civil police force will, by any legal means necessary, enforce you to give up assets to pay for a CCJ, or a Judgment Debt. Often, this could have been avoided many days/months/weeks before. A few years back, I about the epidemic…

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Why Embracing Technological Change Is Vital To Business Growth

Strikes, Ideological misfits, “colossal mistakes”, and monumental cost savings are now part of our global thoroughfare in order to improve business efficiency. The chaos that ensues when train companies strike is unfathomable. However, as this becomes more frequent, Senior Operations have some sort of idea as to the crowd numbers to expect to get London…

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What Is A Bankruptcy Petition And How Can You Avoid It?

In the UK, a debt of £5,000 is the minimum needed to serve a Statutory Demand on an individual. If ignored, this leaves you with the option to start bankruptcy proceedings. So, what is a A Statutory Demand? It’s an official document that serves as a notice to the debtor, (the person that owes you,…

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Stop! Do These 3 Things Before Raising Your Rates

There comes a time in every entrepreneur’s life when you have to raise your rates. Maybe you’ve been in business for years without a pay increase You’ve realised the cost of living has gone up, and what you’re charging doesn’t cover your expenses Perhaps your skills have recently improved through a new training course or…

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How Sustainable Is Your Business?

Happy New Year Everyone. I trust that you’ve had a good Christmas and New Year and are now looking at diving back in. … Maybe you’re looking at developing some new goals for 2019, … Or maybe you’re still looking at what you’d like to achieve … Or  re-vitalising those important goals and ambitions that…

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6 Tips For Dealing With The Chaos In Your Mind

Ups and downs, Ins and Outs… How does One cope with keeping organisational peace within themselves while running a business? Particularly this time of year when things are sent to try us and everyday stresses play on our mind more than usual. Not to mention ensuring everything you’ve set out to do is achieved. How…

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The Best Excuses Customers Give For Not Paying Their Invoice

Did you ever used to watch those old game shows? Wheel of Fortune Going for Gold Strike it Lucky You Bet Bullseye I started reminiscing about these shows recently. Sometimes it feels like our customers are taking inspiration from those TV shows and playing games with us. Some people are great payers … … others,…

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