In the age in which we are living today, your website is one of your most powerful tools for attracting and converting new clients and customers. Whether you’re looking for help to raise finance; such as a business loan for business start-up plans or for an already existing business for business growth plans, to improve business performance, or getting more customers. Whatever, the case may be, optimising your website with the right strategies, including growth strategies and keywords is essential. Here’s a brief guide on succeeding in getting more customers and clients using your website.
1. Search Engine Optimisation (SEO) To attract more clients, your website needs to rank well on search engines like Google which is the most widely used. This means using the right keywords to help potential customers find you. 2. Valuable Content Creation
3. Optimise On-Site SEO
4.Utilise Off-Site SEO and Marketing
5. Leverage Local SEO in your Local Area and Community
Conclusion By optimising your website with these strategies and the right keywords, you can attract more clients and customers, improve your online presence, and grow your business. Remember to continuously monitor your website’s performance and make adjustments as needed to stay ahead of the competition, bearing in mind your website is also your gateway to success. If you require further in getting your business visible online or on optimisation or any other business area, give us a call today on 0333 355 1696 or send us a message. In the ever-changing business world of today, access to finance, for help to raise money for business is often a critical and essential step toward success. Whether you're a start-up looking to take flight or an established company seeking growth, accessing funds, such as start-up loan or existing business loan, equity funding, business angels and venture capitalist can be pivotal. However, navigating the financial realm requires careful planning and avoidance of common pitfalls. In this blog, we'll explore some key mistakes to steer clear of when raising finance for your business:
Avoiding the above common financial mistakes can significantly enhance your prospects of raising funds for your business regardless of what stage your business is at. By conducting a thorough business health check, exploring diverse financing options, focusing on business improvement strategies, developing a solid business plan and seeking sound professional guidance, you can position your business for sustainable growth and success. Remember, the journey to securing finance is not just about the destination but also about the steps you take along the way to strengthen your business's foundation. If you need help in any of the above pointers or others regarding funding or business advice, give us a call today on 0333 355 1696 or send us a message at [email protected].Top of Form In the ever-evolving landscape of business, adaptation is key to survival and success. An effective makeover for your business could be the boost it needs to make your business more attractive and thrive in today’s competitive environment. You may even be losing customers and therefore asking yourself; ‘What strategies do I need to implement as a means to getting more customers etc? However, where do you start? Let’s explore some essential considerations and strategies that could breathe new life into your business.
1. Access to Finance: A crucial aspect of an effective business makeover is ensuring you have the correct financial resources to implement the changes effectively and efficiently. Whether it’s raising funds for expansion, securing start-up or existing business capital, or accessing investment for growth, there are various avenues to explore:
2. Business Health Checks: Before embarking on any makeover journey, it’s essential to assess the current state of your business. A thorough business health check will identify areas of strength and weakness, providing valuable insights for improvement in the process of doing the analysis. 3. Business Performance Strategies: Once you understand your business’s current performance, it’s time to strategise for improvement. Putting in place the right aligned strategies with your business vision and goals would have the desired knock-on effect in the following key areas:
4. Business Development Plans: Craft comprehensive plans for the development and expansion of your business:
5. Local Support in London, Kent and Essex: For businesses based in London, Kent and Essex, tapping into local resources and networks can be invaluable and a great way to contribute and impact your local community:
Embarking on a business diagnostic journey requires careful planning, strategic thinking, and access to the right resources. By focusing on areas such as finance, performance improvement, and local support, you can set your business on a path towards growth and success. If you need help in any of the above pointers or in any other area of your business, give us a call today on 0333 355 1696 or send us a message at [email protected]. With the first month of January nearly ending in new year, the concept of New Year resolutions (some which have already been broken) commonly echoes through personal spheres, emphasising individual wellbeing and growth. However, this period holds equal, if not greater, significance in the business realm.
In the business sector, we often talk about; how to get customer feedback in order to create strategies to improve business performance. However, we don’t often talk about what to do with the valuable feedback as pointers to ways to improve business performance. Acting on such valuable and essential customer feedback is crucial for improving your products, services, customer satisfaction and in the long run your business growth plans and success in getting more customers. This should be mandatory to any business’s business expansion strategies.
Here are some considerations you need to make when using AI (Artificial Intelligence) in your business.
Finding the right business partner is essential for making your business thrive amongst competitors, grow and be aligned with your business planning and modelling. You should therefore be asking yourself certain questions depending on if your business is a start up or older one and also the size of your business. Other questions would include:
What is the Business Plan?: Every successful business owner has had some sort of plan or the other. This serves as a guide to where the business is going. Whether you are starting a new business with business start-up plans, identifying a new marketing strategy or planning a customer acquisition campaign, your business strategies must be geared around your business plan and business model to generate overall success. This often results in getting more customers through business expansion strategies etc. Define Your Business Needs: The above point often leads to you understanding what your business goal is and therefore what is needed for your company to succeed. When you are able to identify this, the qualities, skills, and expertise you're looking for in a new business partner besides yourself will kick in. This will be achieved by considering what strengths and weaknesses you are bringing to the business and what complementary skills a new business partner would also add to the business. Both skills would need to be aligned with each other to implement business ideas, which includes business performance strategies to successfully carry out business growth plans effectively. Clear Vision: Whilst one is contemplating taking on a new business partner, one has to be clear and communicate openly about one’s business goals, values and vision or mission. This will ensure your goals are aligned and help towards your business development plans. To better achieve this, it is recommended you carry out a business health check to ensure you have cross checked all the essentials, such as; a shared perspective on the direction of the company is in place and your business partner is someone who shares your level of commitment, work ethic and dedication to the business. Compatibility and trust is also a must! Online Platforms and Communities: Attending online platforms, forums, and communities which are relevant to your business is a great place to start searching if you haven’t already got someone in mind. It is also an opportunity for you to make a comparison instead of putting all your eggs in one basket. Professional websites, such as LinkedIn, FounderDating, CoFoundersLab, and AngelList are great places to start searching. This can be coupled with networking, using your existing professional and personal contacts, similar career and industry work groups and sources including referrals. Having stated the above, other areas that can often be overlooked but need to be considered, would be: Background checks and references: Ensure these are carried out completely, appropriately and thoroughly. This will shed light on your potential business partner’s work history and can also reveal areas that clarifies this person may not be the idea candidate which may impact on future operations; such as business growth plans and the business being allegeable for help to raise money for business. Legal and financial considerations: Seeking professional legal advice when drafting the partnership agreements can often appear you don’t trust your potential business partner. However, it is mandatory that you define the roles, expectation and responsibilities, equity and exit strategies on both sides in the face of any partnership or business conflict in the future. This should include a trial period or project collaboration: This will give you both the opportunity to find out how well you both work together and an opportunity to amend, agree or compromise in certain areas before entering a binding formal business partnership which is harder to break away from. Last and not least; they say experience is the best teacher, therefore; Learn from your past mistakes: If you’ve had previous business partnerships, this will be a good start on analysing what worked well and what went wrong. However, if you haven’t, this takes us back to my previous points and is certainly not something to rush into. If you want some help for your company with regards to the above or you just want someone with the required knowledge and experience in business to guide you on other related matters, please connect with our business advisers at RBSS Consulting Ltd on 0333 355 1696 or direct on 07796 800 187 or drop us an email on [email protected]. We provide real business solutions for start-ups and existing micro and small businesses. 5 strategies small businesses can adopt to thrive in an environment of rising interest rates11/8/2023
To help to get inflation back down; on 3 August 2023, the bank of England raised our interest rate (Bank Rate) by 0.25 percentage points to 5.25%. This is its highest level since February 2008. This has a huge impact on businesses, most especially small businesses which are often dependent on external finance for growth and investment. The increased cost of borrowing therefore makes it more difficult for them to get help to raise finance they need to thrive. Hence, such businesses need to be more proactive and strategic in their financial management to keep afloat. Here are five specific steps and strategies they can implement:
By implementing the above business improvement strategies and maintaining a proactive approach to financial management, small businesses can rise above the challenges of the rising interest rates and position themselves for long-term success and growth. If you need help in any of the above pointers or others regarding the rise in interest rates, give us a call today on 0333 355 1696 or send us a message at [email protected]. A Management Buy Out (MBO) is a transaction in which a company's present management team buys a major part or total ownership of the business they are currently operating. An MBO often involves the management team pooling their own funds as well as external financing to purchase the company from its current owners, who could be individual shareholders, private equity companies, or other institutions.
In order to know how effective a business health check is, one needs to know what it entails and the real impact it has on a business.
One of the first steps on how to start and grow your business, is being able to work out what applies to your own business and the relevant Business Performance Strategies. During the pandemic, we have seen the fastest growth of online businesses, including clothing. Launching and just recently one of the darlings of the online platform and money makers of the pandemic period - Made.Com go into administration. Though not a clothing business, it tells you how you can be here today and gone tomorrow in business.
So you’re running your business as a sole trader and wondering whether it’s time to switch to limited. The main benefit of incorporating as a limited company is that your liability is limited and you can pay less tax, but there is more paperwork and there are legal considerations so there is no need to switch for the sake of it.
As a sole trader you’ll currently be paying tax after your £12,570 (2021\22 tax year) personal allowance, and National Insurance Contributions (NICs) as you would if you were an employer and you can’t carry profits over to the next tax year. If you are running a business where there is no risk, you are testing the market, or your enterprise is a hobby then there’s really no need to switch. However if your income is growing (even if you are a contractor or consultant), or you want to expand by taking a loan or some lease agreements, then a limited company is definitely worth considering. If you are branching out into new markets a limited company status may help with the sorts of clients you can secure, because some won’t deal with sole traders and like the security of dealing with a company. Switching over If decide to go limited, you will become the employee of your company and profits will belong to the company as will any losses. The setting up process is a bit longer than the sole trader route, as you need to notify Companies House and get a certificate of incorporation, but this can be done in as little as 48 hours. You will also need to determine if you want to be limited by shares or guarantee. Do get in touch with us or your accountant if you would like to do this. The taxing process is also a little more complex, but you can pay yourself a salary with dividends which are free from National Insurance. Yes, there are statutory legal requirements, and as director you are responsible for providing prompt and accurate accounts each year, but should anything happen, such as you choose to stop being self-employed or someone chases you for an amount you aren’t able to pay, that will rest with the company and not with you personally. There is no right or wrong business structure, just the one that suits your individual situation, and if your business needs are becoming more complex, it’s well worth thinking about.
RBSS Consulting Ltd have teamed up with ANNA Money.
You shouldn’t have to wait hours to speak to your bank. That’s why we have teamed up with ANNA Money who have a team of award-winning customer service agents based in Cardiff. They’re online 24/7 every day, including Christmas Day. ANNA Money is the business current account for start-ups, small businesses and sole traders. You even get free Bookkeeping software for UK small businesses and sole traders with it. Account set up takes less than 10 minutes, and your business debit card will be on the way the same way. Try ANNA for free, starting today. Simply follow the link below. It’s safe and secure.
Save time and save money. Sign up now. FCA Regulated and your money is protected. See video to see how you are protected. Would you like your accounting practice to solve the problems your clients are looking at solutions for? Financial Compliance & Processing + Financial Management + Business Advice Enlightened practices have recognised this and are looking seriously at acquiring business consultancy skills to be there for whatever their clients need, and these are the practices that contact us at RBSS Consulting Ltd daily. When graduating to this ultimate level they secure clients who pay well, never leave, and have very close relationships, wherein they become a fundamental part of every client’s progress through business and life, and are therefore inseparable. And through this their practices develop very high exit capital, thanks to higher; fees; recurring revenue; lifetime client value. RBSS Consulting, with our partners Runagood® can provide this if you are ready for a 12-month development journey at the rate of 4 hours per month and therefore costing from £250 per month to acquire consultancy skills, marketing support, software licensing and coaching. The result to that usually will be that their first 1-2 clients pay for the above expense, all within a few weeks of commencing. Next step Book a free 20-minute discovery call to answer all your questions and for us to learn about you, your practice and objectives. We’ll then set up a thorough readiness assessment. Remi Okeshola MD – RBSS Consulting Ltd
A 5% cut to duty on draught beer and cider served from draught containers over 40 litres will be introduced. From February 2023 a new simplified alcohol duty system will be introduced. Drinks will be taxed in proportion to their alcohol content, making the system fairer.
A new temporary business rates relief will be introduced for eligible retail, hospitality and leisure properties in England. The temporary relief will mean over 90% of eligible businesses will receive at least 50% off their business rates bills in 2022/23. From 2023, a new business rates relief will be introduced to support investment in property improvements. This will enable businesses to make improvements that support net zero targets.
Funding will be provided for full association with Horizon Europe. If the UK is unable to associate to Horizon Europe, the funding will be allocated to UK government R&D programmes. The British Business Bank's regional funds will receive over £1.6 billion to provide debt and equity finance to smaller businesses. The Regional Angels Programme will receive £150 million to reduce imbalances in access to early-stage equity finance across the UK. The Government will continue to fund the Start Up Loans scheme. The Recovery Loan Scheme will be extended until 30 June 2022. Museums, cultural and sporting bodies, such as regional libraries, will receive £52 million to support recovery from Covid-19 and an additional £49 million in 2024/25. A new small producer relief will be introduced for cider makers and other producers of lower alcohol drinks.
Apprenticeship funding will increase to £2.7 billion by 2024/25. The £3,000 apprentice hiring incentive for employers will continue until 31 January 2022. The sector-based work academy programme (SWAP) will receive £10 million a year to help unemployed people undertake work experience, learn new skills and retrain in high-demand sectors in their local area. The Full Budget documents can be viewed at: https://www.gov.uk/government/publications/autumn-budget-and-spending-review-2021-documents |