Would your company consider using external business support or advice? A large proportion of SME’s would say no before even looking into the idea, despite the fact it could be the better option. Here’s a quick example… I have just returned from a client in Norfolk. They were experiencing problems with their reception team, such as Read More...on
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WLP is a UK business consultancy service that has enjoyed over 25 successful years of helping business grow.
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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...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...on
Take time to take stock. There are many symptoms of a stock management process which is operating below par. Common ones include: Wasted labour searching for parts not located where they should be Inventory which has been gathering dust for several years and is consuming valuable space Accounting headaches as computerised records bear no resemblance to reality A backlog of unprocessed goods-in receipts Read More...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...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...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...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...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...on