Think strategically! make yourself a cunning plan Reply

If you don’t know where you want to go, how do you know which direction to head off in? sounds simple doesn’t it, but I know for a fact that most businesses don’t have a plan and start in business because it seemed like a good idea at the time.

Let’s not go mad, but start by setting out 5 things you want to achieve this year relating to income, markets, clients, systems etc. Then try to think about some overall objectives for the next 2 years, before you know it you will have a strategy for the next 3 years.

Then you can set some milestones and regularly check if you are on track.

If my business is profitable, I will have lots of cash, won’t I? Reply

If only it was that simple, I have seen lots of profitable business killed by cashflow. One of the major causes of this is slow paying clients or none paying clients, the problem is often made worse by having to pay staff and suppliers quickly or needing to invest in capital equipment.

It is true, that in time, profit will become cash, but be careful not to over trade and take on more work than your cashflow can sustain.

What is the most important thing to know about return on investment? 1

In short, if there isn’t any return, why are you doing it? what could you do instead?

It may seem odd, but many people go into business with no plan and no idea what return they might make, unfortunately, the reality is that without a profit sooner or later your business will die.

I know there are somethings you have to do, like pay tax and other compliance activities, but even these have a return because they save you from fines or worse.

So before you spend money ask yourself this question – what is my return on investment?

Can you help? Reply

Bartercard are looking for the following businesses to join due to demand, all referrals gratefully received, we can guarantee business for them

Coffee Supplier


Dry Cleaning – Hampshire, Devon, Cornwall

Equipment Maintenance – Garden Machinery, Catering Equipment

Tool Hire

Business Insurance Broker

Promotional Items

Contract Cleaners – Regular office cleans, kitchen deep cleans, Duct cleaning

Car / Van Hire or Leasing

Garage in Bournemouth

Restaurants – All areas, Southampton especially

Hairdressers – all areas

Retail – Shops of all types in all areas

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