According to a report carried out by Bibby Financial Services (BFS) late payments is the biggest contributor stopping construction firms from growing. With 53% of firms stating this as their biggest challenge, while other challenges such as red tape and unskilled workers also contributing.
Continuing the theme of “New Year, New You” we have come up with a couple of new things you could try for your small business this year if you aren’t already doing them. The best part about it is that they won’t use up too much of your time or money so you can’t really lose out!
The New Year Sale: To avoid the post-Christmas slump and entice customers back, most businesses, big and small will hold January sales. This not only keeps the cash flow steady but it can also serve as a way of getting rid of old stock making way for new year products.
We are all familiar with this old adage, but there is a reason it is still so prominent. Location is important to many types of businesses. Where you decide to set up a market stall, a salon or a shop can have a significant effect on its success. Location is never more important than when you are trying to decide where to buy a house- especially if you are going to rent it out.
"IT's job is to empower users with the tools they need to do their job well." That's the opinion of Ben Fried, CIO of Google, speaking at tech conference Interop in 2012. He's talking about the business's decision to allow employees to choose their hardware, and the accompanying software - so if a new developer wants to use Linux, or a designer prefers to use a Mac rather than a Windows PC, they can.