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The ability to generate profit is crucial for the survival of any business, whether large or small. For many, profit is the positive financial gain a business makes after the subtraction of all expenses. However, profit is more than just making money. A profitable...

Running your own business comes with a lot of responsibilities and a long to-do list each day. This can often make it seem like you are constantly fighting fires or running from one urgent job to the next. It may surprise you to know that much of this can be down to...

A large part of running a business is finding ways of doing things more efficiently. By streamlining processes and procedures you will be able to save time, minimise waste and ultimately increase your profitability. Working with an accountant is one of the most...

Nearly every marketplace is crowded. Gone are the days when every town would have a solitary butcher, baker, blacksmith and grocer; the world is now a little more cutthroat, and for businesses to survive, they need to declare themselves superior to the competition....

There is no doubt that the COVID-19 pandemic had, and continues to have, a major impact on the UK business sector. To recognise this, the UK Government has put in place a number of COVID support schemes to help businesses survive. If you are self-employed, the income...

Running your own business is satisfying, but it can come with plenty of challenges too. One of these is finding time to focus as much attention as you would like on the critical parts of your operation. This is not always easy with so much other stuff to stay on top...

You might be used to a certain method of working in your business, whether it's at a particular level of seniority or utilised by all employees. When you have an approach that is doing its job - i.e. engaging with clients and making profit - you might resort to the...

If you're looking at shifting the pricing structure of your business, you might want to consider introducing a policy of value-based pricing. Value-based pricing has many benefits to offer and could help your business thrive. What is value-based pricing? Value-based...

There comes a time when every business needs to seriously consider raising its prices in order to become more profitable, or even to stay afloat. There are so many reasons why a business might need to increase its prices, like inflation, increased rent, higher staff...