Why small businesses need to knock down barriers

Whichever way you voted on the Brexit issue and however strongly you feel about it, the one thing that seems pretty clear is that the task facing this and successive governments is challenging to say the least. Much of what has to be done is completely uncharted territory. None of our leaders will have much if any experience in this. The same can be said for many people starting their own small business. Continue reading Why small businesses need to knock down barriers

Is Cash Still King?

Is Cash still King? Our CEO Howard Graham doesn’t think so.
There are a multitude of ways to grow a business and as customers generally become more sophisticated, even the smallest things need to be considered.

One of these relates to the payment methods you allow, or put more simply, how easy you make it for someone to buy from you.

A recent study by Sagepay, the online payment processor, has looked at the payments landscape in 2014 particularly relating to small businesses. One finding was that many businesses, particularly retail ones, still only allow people to pay cash despite the fact that apparently, 31% of consumers stated that they would shop elsewhere if they couldn’t pay by card.

Cash also has hidden costs not least the additional accounting and administrative issues it raises. New payment methods online and with mobile phones are becoming commonplace and the advent of ‘contactless payments’ using secure smart cards have to be the way forward. Currently, there is a payment limit on these cards of around £20, but in the future this will undoubtedly increase.

According to the Sagepay report, businesses using these new technologies were growing commonly by more than 20% annually.

One thing that is absolutely clear is that cash is no longer King!

This post was by Howard Graham at MadeSimpleFind Howard on Google+

Is your business aiming for Good or Great?

Focus on what you do best
A famous best seller by Jim Collins, ‘Good to Great’, looks at what makes companies not just good, but great. In fact it propounds the theory that ‘good’ is the enemy of ‘great’.

As Tesco announces its latest financial results, which show a decline in profits for the second successive year, it is clear that all is not ‘great’ with the supermarket giant that was once the nation’s favourite and market leader.

Whilst food sales were one area of the economy that was reasonably unaffected during the recession, individual players in the food sector significantly upped their game over that period and Tesco definitely felt the competitive pressure. Continue reading Is your business aiming for Good or Great?