Across many business sectors, the way in which lients pay for products and services has fundamentally changed. Where items were previously purchased in a single, up-front transaction, sales are now often undertaken on a subscription basis. Mobile phones, software applications, and gaming are all areas in which single purchases have been replaced with ongoing subscriptions. […]
It has been a stressful couple of years for the small business industry, with inflation driving margin pressures, supply chain remaining strained, and consumer demand shifting unpredictably. 2023 has the potential to be a year of growth for small businesses, but that doesn’t mean it’s going to be easy. Here are my top tips for SMEs […]
For small retailers, rarely, if ever, has profit been a bigger focus. Inflation, interest rates and cost-of-living pressures are squeezing business budgets and making consumers more cautious in their spending. Your profit margin – which provides essential insights like whether you’re generating money or pricing products correctly – should always be on your radar, but […]
Every business owner at some stage must systemise and scale to really succeed long-term. I have learned that over the past ten years of running several seven-figure SME businesses in the automotive and consulting arenas. I have also learned the hard way the power of saying “no thanks” to projects and activities that are not […]
Shoppers are taking more interest than ever in where their goods come from. We speak with The Daily Routine about building a sustainably minded business that places customer values and authenticity at its core. Natalie Herscu is the Co-Founder and CEO of The Daily Routine. Key points Making your business more sustainable can seem like […]
As a small business owner there is always a lot going on and for many its often a struggle when it comes up to the end of financial year. Knowing what a small business can claim on tax each year can be challenging if you don’t have the right support. That’s why we’ve put together […]
Starting a business isn’t easy and your expertise doesn’t usually include marketing. Even if your product is in high demand, it is a challenge to let customers know where and when they can buy it. Limited budget, no time and going up against a big business that has vast resources and employees to spread the […]
The internet is one of the first places people turn to when they’re searching for a new provider or service. And one way your small business can stand out from the rest is ensuring your TripAdvisor and Google reviews are glowing. Consider this: a small business with dozens of five-star reviews is more likely to […]
Tap and go payments today are a far cry from tills springing open with a ring, or from swiping a card. The point-of-sale experience has become a vital component of a brand interaction. The online customer experience has surged ahead due the urgency for digital shopping solutions created by the pandemic. The challenge now is […]
As a business owner you most likely created your business, and have a vision for it that requires your attention nearly all of the time. So, unless under that top you are wearing you have an outfit that has a large ‘S’ on the front and a red cape on the back, you are (at […]
Small But Mighty