We Love ...
WLP is a UK business consultancy service that has enjoyed over 25 successful years of helping business grow.
Business Development
Ensure a successful consultancy project – 10 things your consultant should do
on
It is important that Behavioral or Behavioural characteristics of a consultant organisations are correct to achieve success for clients. Knowledge, good knowledge of the issues and the client’s business and keeping it jargon free are important..
Read More...
Chain Reaction: How to manage product demand instability
on
Being part of a long supply chain can be fraught with difficulties – often thanks to product demand. As a cog in such a system, you may have experienced large peaks and troughs in manufacturing loads and inventories. This issue is known as the Forrester Effect. In 1961, Jay Forrester wrote an article about the
Read More...
How big should your company be?
on
As companies grow and employ more staff, the dynamics change. Everything is different when there are 25 employees as opposed to 6. In the dot com era, the fast growing companies that were spinouts from large companies really enjoyed their freedom to act. Then, as they grew, they found the maximum number of employees they
Read More...
Expanding Stock & Space and Parkinson’s Law
on
There is a corollary to Parkinson’s Law… It is, ‘the stock expands to fill the space available’. There is a danger if you have access to funds and plenty of space to fill them with stock. This is fine if there is no other suitable investment for your cash and you are sure it will
Read More...
Using Benford’s Law to Detect Accounting Irregularities or Fraud
on
Benford’s Law – first stated in 1938 by the physicist Frank Benford – is extremely useful for detecting anomalies in tabulated data. According to Benford’s Law, the leading significant digit in many naturally occurring collections of numbers – especially numbers which consist of several digits – will almost certainly be small. With that in mind,
Read More...
Company Debts – What should you pay off first?
on
It’s a great moment in any company’s story when the business has started to generate enough cash to start reducing your debt. It’s also a pivotal moment because the steps you take next could be crucial in the continued success of your firm. So how do you navigate the tricky terrain of debt repayment when
Read More...
What is Franchising?
on
Franchising is where you license another company to be your presence in another geographical region. There are a range of household names that are run as franchise businesses – McDonalds, Burger King, MR. Barbers, Snap-on tools and many more. It is very different from having a 3rd party manufacture for you, or having an agent
Read More...
Financial Planning and Funding for Growth
on
We are constantly hearing about the Government wanting to see SME’s grow their businesses, which in turn they believe will help grow the UK economy. But what are the barriers to successful expansion, and why do some business owners struggle to expand to the levels they aspire to? The opportunity to grow your business presents
Read More...
Understanding Gross Margins
on
Many owners leave the figures to “The Finance Manager” and/or look at the amount that the business owes and what is owed to them because that is all they feel they need to know. It may be hard to believe even today that many owners do not show a great deal of interest or really
Read More...