My business is having trouble – Why are things going badly?

It doesn’t matter how big, or successful your business is, a start-up, an established business or even if you rule the market at some point you’re likely to have trouble. Sometimes things can seemingly be running smoothly, with a business being self-sufficient and sustained. However, if things tip in the wrong direction, you could find yourself massively struggling. So, what are the tell-tale signs that things aren’t heading in the right direction?

You don’t understand how well the business is performing

Running a business and working as a director are two different things. Owners can easily get distracted with ongoing projects or other important aspects of the company. Naturally, owners and directors have to delegate jobs within the business, but unless you have accurate knowledge of money coming in and out of the business, the feeling of team chemistry within the business and the view of the general public, it’s unlikely you will genuinely know how well you are really performing.

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An owner should know every aspect of their business, including in-depth knowledge of how every aspect of your company works. This will enable you to have a clear understanding of your strategy, what you are looking to achieve and where your business is headed. Without you can lose track of what your business is really about and where it’s headed. Knowing the key statistics of the business is key to its success, without that knowledge, it can be hard to keep track of how well it’s really performing.[Continue Reading…]

Why are Brits so hesitant at switching banks?

They say that Brits are more likely to get divorced than split with their bank. However, why is there little switching? There is even a current account switching service ensuring that direct debits and salary payments are smoothly changed to a new bank.

The numbers say it all. The UK’s Competition and Markets Authority’s (CMA) banking industry investigation discovered that only 3% of current account customers had moved their bank account.

More than half of those customers had been with their bank for more than ten years and had never changed. This loyalty is the type that retail, in particular, would beg to have.

So why don’t they switch then?

Brits don’t trust banks

A recent poll by Positive Money found that two-thirds of British adults do not trust banks, with 72% believing banks should have faced harsher penalties for their roles int he 2008 financial crash, leading to austerity measures and the subsequent credit crunch.

Despite years of regulation and banks promising to change and paying fines and compensation for their role in the financial fiasco, the public at large still do not trust them.[Continue Reading…]

Funding a new business venture

If you are setting up a new business, then you will have many things to sort out. From finding premises to hiring the staff you need and planning your marketing push; your to-do-list will no doubt be lengthy. Of course, this is all part of starting a … [Continue reading]

Why choosing an established trading platform makes sense

Online trading can be a great and lucrative career move for those who make it work. However, there are also risks involved. Whether it’s the inherent risk that the value of your investment goes down as well as up, or the risk that you’ll come across … [Continue reading]

Buying property abroad? Top tips to follow

Buying a property in the UK is a hard-enough task and buying abroad is even harder to manage. From the language barriers that spring up when carrying out a transaction in a non-English speaking nation to the risk that standard property due diligence … [Continue reading]

Portafina Findings on Health Consciousness Could Improve Your Business

Businesses are becoming far more health conscious than they once may have been. This could be because organisations are seeing what implications a healthy workforce could have on the performance of their business. Portafina conducted a survey using … [Continue reading]

8 easy ways to save water in your home

Brexit aside, water seems to be the topic that’s on everybody’s lips at the moment, or more specifically, how to save it. After the hot and arid summer we all “enjoyed” here in the United Kingdom in 2018, awareness around the importance of water and … [Continue reading]

Collecting Football Match programs and How to Profit form it

The popularity of football memorabilia fluctuates over time and at the moment it seems to be popular. However, just picking up random items will not make you a fortune, it is important to know exactly what you need to collect in order to profit the … [Continue reading]

How to keep up with the latest news in the world of forex

The foreign exchange market is as big now as it ever has been. The influx of new traders thanks to the digital transformation that the sector has seen has kept it as the biggest financial market around. Even the London Stock Exchange with its $4.5tn … [Continue reading]