Tag: Business Advice

Over time, even the best business processes become inefficient and outdated. Inflexible legacy systems hamper the introduction of technological innovations. In addition, shifts in consumer preferences, changes in market forces, new regulatory policies, and long-established processes affect efficiency, competitiveness, and even your bottom line. Business Process Improvement is the antidote to this.  What is Business…

Ewen shares the latest insights on the self-storage industry for spring 2024. Discover key trends, including increasing demand and rising rental rates, and get expert tips on reviewing pricing strategies, maximising occupancy, and managing key business costs.. Learn how expanding your facility could help offset rising expenses and boost profitability. The specialist team at Sharp…

In our recent articles, we’ve discussed essential financial reports, such as income statements, balance sheets, and cashflow statements, which provide a snapshot of your business’s financial health at a given point in time. While these reports are crucial for understanding past performance, cashflow forecasting takes it a step further by offering a forward-looking view, helping…

Understanding your financial reports is crucial to improving your business performance. In this video, Ewen outlines four key reports—profit and loss, balance sheet, accounts receivable, and accounts payable—and explains how monitoring them can enhance cash flow, build stronger supplier relationships, and inform better decision-making. If you’d like a financial review of your business, reach out…

If you’re seeing a low bank balance, it might not be about what you’re doing wrong but where your money is tied up. In this video, Ewen shares tips on assessing your sales, accounts receivable, stock levels, and accounts payable. Discover how these factors impact your cash flow and what you can do to improve…

In Ewen’s latest self-storage industry video, discover the essential strategies for running a successful self-storage business in 2024. Learn about: Customer Service: How to exceed expectations and encourage referrals.Gathering Feedback: The importance of reviews and testimonials.Site Selection: Choosing the right location based on demographics.Expense Control: Identifying and managing essential vs. non-essential costs.Site Security: Implementing effective…

In a challenging economic climate, managing a baking business requires keen attention to key drivers and KPIs. Learn how to adapt by optimising costs, adjusting pricing strategies, and staying informed about industry changes. Discover strategies to keep your business successful and profitable even as costs rise in Glenn’s latest video. Find out more about Sharp…

Understanding your financial reports—knowing your numbers—is critical to business success. It empowers you to make better business decisions, measure their impact, take corrective actions where necessary, and ultimately achieve better results. By gaining insights into your financial reports, you can: Monitor Business Growth Determine if your business is growing or shrinking. Regular monitoring allows you…

In his latest self-storage industry video, Ewen dives into the crucial aspects of feasibility studies, focusing on supply and demand. Evaluating the competition is essential if you’ve found a promising site with the right land price and rental rates. Learn how to analyse both established and new competitors, assess their occupancy rates, and understand their…

Proving your ongoing viability is crucial in scaling a successful business to the next level. Whether applying for government subsidies, taking out a business loan or seeking investor support, you need robust financial evidence with the right financial reports to demonstrate your company’s stability and growth potential. Why Financial Reports Matter You need to present…

Ewen highlights current trends and opportunities in this latest self-storage industry update. While demand for new developments has slowed and existing storage needs have decreased, several factors drive ongoing demand. These include the increased need for storage due to moves or downsizing, the rise of remote work leading to home office renovations, ongoing home renovations,…

Starting and growing a small business can be incredibly rewarding but challenging. Preparing for common challenges and knowing how to tackle them can make your journey smoother and more successful. Five Proactive Ways to Overcome Common Business Challenges Every small business faces unique obstacles, but certain challenges are universally common. Here’s how to address five…