Making financial decisions can be quite scary for most people unless you are experienced in that field. We worry whether we are making the right move and scour the internet for online advice only to come away even more confused. This is one of the reasons that people often seek out a financial adviser to help them to make informed decisions about their money. Many people first encounter a financial adviser when they want to get a mortgage. The advantage of using a professional is that they know the markets and can give you independent advice on the best products for your circumstances. They may have access to special rates with some banks or building societies, but they must inform…
How to Motivate Staff
Motivating staff sadly isn’t as easy as throwing a party every once in a while, or getting staff to participate in group and team building activities. Of course these things can help, but more often than not, people are looking for something more fulfilling in their work. They need to feel part of something bigger. One of the major things you can do to improve staff motivation is to ask staff what they actually want. This will be so much more effective than just second guessing, as you will then need to know exactly what you should offer them. Once you understand the key drivers behind your people, you are well equipped to put together staff incentive schemes and to…
How Much Should you Invest in your Business?
How much should you invest in your business? Most people assume they should put everything into their business to make it a success. Is this sensible when you are a businessperson though? Possibly not? You also need to protect yourself should business not work out quite as you planned. You also need to hold something back to ensure you have the money you need in other areas of your life. Financial planning is essential when running and managing your own business. You should have clear financial plans from the start, which will dictate how much you are able to put into your business and how much you need to get out of it in return for your investment. You can…
Why Look for a New Business Partner?
A new business partner can give you the funding you need to expand your busines and begin to grow it, beyond the work you could do if you were running it on your own. The input of another person should never be underestimated, whether you are looking for some more direction or you are considering the financial implications of an investor. In both cases, it is possible for an investor to add plenty of value for you. If you are thinking about bringing a new business partner on board, you should consider your options carefully. However, they can add value in many ways, including: Having more experience of your industry and giving you a different perspective Being able to give…
What Does your Business Need to Succeed?
Running a business isn’t just about getting it up and running and making a success of it at the start. You need to adapt to succeed, continually assessing what your business needs to thrive and move forward. This means in terms of strategy and finance – in every way, you must always be analysing and looking to the future. You should have all the right protection in place as well, to prevent failure if you hit hard times. Choose the right insurance products with the help of a financial adviser and make sure you have exist strategies, as you never can know what the future holds. A savvy business owner will think optimistically, whilst always having options in place should…