by david@numbercraft.us | Dec 19, 2023 | GUIDES: Increasing Profit
Is it time for your business to invest in some new equipment? And if so, is it a smarter business decision and more cost-effective to hire or buy? Why you might need new equipment The right equipment can enhance your processes, productivity, capacity to innovate, and...
by david@numbercraft.us | Dec 18, 2023 | GUIDES: Increasing Profit
Franchising can be an excellent way of growing your business rapidly and earning a good return. It can also be a pathway for ultimately exiting your business and leaving it in the capable hands of franchisees. Here, we’ll outline ten steps to successfully franchise...
by david@numbercraft.us | Dec 17, 2023 | GUIDES: Increasing Profit
At some point in its lifetime, every small business suffers from cash flow problems. The trick is to think ahead and figure out when these problems are going to arise, so you don’t have to unexpectedly postpone a purchase or hurriedly seek out additional finance. This...
by david@numbercraft.us | Dec 16, 2023 | GUIDES: Increasing Profit
Profit margins are fundamental to business success and growth. How you choose to increase your margins so your business can achieve sustainable development is up to you – but taking small steps on a regular basis will help keep your customers on your side. Increase...
by david@numbercraft.us | Dec 15, 2023 | GUIDES: Increasing Profit
If your customers owe you money, the faster you’re able to obtain it using effective collection tactics, the better. Ideally, you want to reduce the chance of bad debts and pressure on your business’s cash flow. It can be easy to neglect managing your debtors when...
by david@numbercraft.us | Dec 14, 2023 | GUIDES: Sales & Marketing Resources
If you want to grow your business, you’ll need a strategic plan – which should include how you’ll find new customers and get your products or services into new markets. Here’s what you need to know to identify new customers and markets. Finding new customers in...
by david@numbercraft.us | Dec 13, 2023 | GUIDES: Sales & Marketing Resources
Long-standing customers form the backbone of a strong, well-established business. Make it your mission to ensure that the vast majority of your current customers stay with your business for many years to come. Why it’s vital to keep existing customers Your current...
by david@numbercraft.us | Dec 12, 2023 | GUIDES: Management Resources
Being on good terms with suppliers could translate into special deals or preferential treatment. Your suppliers may also give you greater leeway in the face of a cash shortage or when you need extra time to pay. Build the relationship An efficient payment policy is a...
by david@numbercraft.us | Dec 11, 2023 | GUIDES: Business Planning Resources
The direct route or the indirect route Generally, there are two ways your business can go – direct exporting or indirect exporting (or both). No matter which route you take into a foreign market, you’ll need to: Do your research. Test the waters. Settle on the best...
by david@numbercraft.us | Dec 10, 2023 | GUIDES: Increasing Profit
Finding money for the essential assets you’ll need to run your business efficiently can be a challenge. You’ll need to decide whether leasing or buying is best for your business. Is borrowing money essential? Whether you need to purchase a vehicle, some computer...
