Recurring income, also referred to as residual or passive income, is earned by creating or acquiring an asset that continues to pay you income regardless of whether there is still active work being done to the asset. Every Business Owner’s dream! Even so, a lot of Business Owners haven’t managed to acquire or have thought … Continued
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We have all been warned not to ‘put all your eggs in one basket’ at some point in our lives. A playful warning to simply remind us not to rest all of your opportunity and success in one place! Never truer when it comes to customers for your business and making sure your entire business doesn’t depend … Continued
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The UK’s not in recession, but is it going to be? With the difficulty in trying to find skilled labour, pressure on wages, industrial strikes, supply chain problems and massive inflation we might just be heading for one, or at best, a stagnant economy. Furthermore, for businesses dealing with the fallout from Brexit, the economic … Continued
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Is ISO 9001 on your agenda? Are you planning to expand your customer base? Do those potential new customers expect you to be accredited? If the answer to any of these questions is yes, you may be considering using a template, pre-written document to help you meet the requirements of the standard. It’s tempting to … Continued
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On 15 March 2023 the Chancellor of the Exchequer delivered his Spring Budget. The Chancellor began by describing his speech as a “Budget for Growth”, saying he would deliver on an aim to make the UK one of the most prosperous countries in the world by removing barriers to investment, tackling labour shortages, breaking down … Continued
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There’s one big reason you’ll want to go for ISO 9001, which is simply to win more business. ISO 9001:2015 is the entry level standard which demonstrates that you have a quality management system in place in your organisation. However, done well, the standard will also help you: Businesses use ISO 9001 to demonstrate to … Continued
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Pricing is an art form, and is very dependent on market conditions and your ability to service that market. When costs go up the natural reaction is to say “I need to increase prices” but is this right or even possible sometimes? It’s definitely not “one-size-fits-all”, you don’t price the same way for everything. It … Continued
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There are five main steps to getting accreditation: Making the decision to go for it Are you looking for new customers? Are they familiar with ISO 9001? Is there an expectation you’ll hold the accreditation? Are you keen to increase customer satisfaction? Do you need accreditation to get through a tender process? Are you planning … Continued
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