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Should You Buy Your Business Premises?

I regularly get asked from business owners whether they should buy their business premises instead of rent, and my advice is always the same. You need to look at this through two different lens’;The businessFirst look at it through your business lens and ask yourself the following; Is the property right for your business?  Is it…

Should You Raise Your Prices?

More profit for no extra work?  Sounds great right?All the increased revenue goes straight to increasing your net profit as you’ve not added any costs – it’s pure profit.Sounds wonderful, but increase your prices too much, you become uncompetitive, customers start walking and you lose profit. In economics this is referred to as price elasticity.If…

Business Loans 101

Access to finance is one of the top concerns of business owners.  Even profitable businesses can go bust simply because they can’t fund their growth. As a business there are a number of options available in the market and each serve a different purpose.Types of Business FinanceYour small business finance options include;OverdraftsTerm LoansChattel MortgagesLeasesFamily, Friends…