6 Aug

Making the numbers add up

July’s Food4Thought dinner was themed around finance, one of the most critical aspects to master if you’re running a business. Our lively debate among ambitious SME business owners ranged over a number of critical aspects: Managing cash flow and how this should be linked to your pipeline, not just existing clients How to effectively deal with debt, including protecting your business from the outset Successful ways to raise investment for your business Valuing a business for sale and creating a strategy to achieve your magic number As always there were lively opinions and plenty of expertise in the room which was shared freely over our three course dinner. Food4Thought’s facilitator and growth expert Gary King added to the discussion, explaining that in his experience many small business owners don’t have a good enough handle on cash flow and how to maximise it – what’s coming in and out – and when. Our astute business owners had lots of advice and tips to share over dinner. They agreed that better managing...

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15 Jun

Are time bandits robbing you of the opportunity to follow your passion?

Our lively June dinners were full of ideas about systems and processes to make a business owner’s life easier. Over three courses and wine the members discussed how getting your business’s operations right links closely with people strategy, and how to get the balance right. Recent research showed that around yorkshire gol and that could taken away by a good system or process. We call them time-stealers.  The groups agreed that if that’s the case for you, there’s plenty you can change. Bought-in marketing and finance systems tended to be the most commonly used ones. Platforms like Xero, Trip Catcher, Zoho and Capsule were all mentioned by the groups, but there are plenty of alternatives. Our discussions about adding or improving systems and processes in your business included: Their impact on quality and consistency for your clients Where to get ideas for the best ones to suit you How involved should staff be in refining your processes Whether employing lazy people will make things work better The benefits of mapping...

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