The Dentist industry has seen considerable growth over recent months, driven by a demand to provide more services and quicker treatments. Owners of dental practices are having to explore how they can become more efficient whilst also devising business growth plans to capitalise on growth potential during these busy times. Our team have recently supported…
read moreTo ensure ongoing business continuity and growth, the correct management of working capital is critical. A key factor is maintaining a healthy cash flow to ensure that all ongoing day to day costs are accounted for. The difference between a successful and a struggling business is often down to their management of their working capital.…
read moreUnderstanding and translating key financial acronyms can be challenging. We have taken some of the most common ones and offered some simple translations: LTV = Loan to Value The percentage of any loan outstanding in comparison to the value of the asset. GDV = Gross Development Value The projected value of a property once construction…
read moreIntellectual property (IP) refers to a set of intangible assets which are owned by a business and which are legally protected. It is not a physical asset, but includes items such as a patent, copyright, trademark or trade secrets. Broken down further, this can include items such as inventions, literary or artistic works, designs, logos,…
read moreFinding the right finance can be a real stumbling block for prospective franchisees - and a major challenge for franchisors hoping to recruit them. Without the right savings or finance package, most people can’t afford to become new franchisees, and without them, the franchised business model is going nowhere. That’s a chicken-and-egg situation we’re dedicated…
read moreAdapt has become such a prominent word over the past 18-months. People have had to adapt to a new way of living and working. Businesses have had to adapt to ensure that they continue to trade, making sure their staff can work safely and diversifying where possible. Here are our top tips for adapting your…
read moreSpecialEffect is, in our opinion, a very unique charity. They look to put fun and inclusion back into the lives of people with physical disabilities by helping them to play video games. The team do this by using technology ranging from modified joypads to eye-control, finding ways for everybody to join in. However, this is…
read moreAll small businesses will set themselves the same goal, provide an excellent service or product and look to generate profit as soon as possible. There is no set pattern for business growth. Some businesses might take 5-years to achieve their potential whilst others could be hitting impressive profit margins within just 5-months of trading. Both…
read moreFor any business looking for a quick business loan we would recommend the Recovery Loan Scheme (RLS). RLS is a government initiative that allows any type of business to apply for a business loan. The maximum loan available will be based on 25% of the business’s turnover recorded in 2019. For eligibility a business must:…
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