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Millennials have a significant influence in consumer trends in a wide range of industries. The alcoholic beverage industry, for example, is becoming increasingly conditioned by trends among millennial consumers.

By writing down a clear goal or vision, it can later help staff identify with the mission. Set goals and objectives for the business Goals can be both big and small to accommodate your business plan. Short term goals are goals that you would like to reach in the first 12 months, while mid-term goals […]

Millennials. They’ve been called everything from entitled and lazy to fearless and empowered. But whatever you think about this generation, one thing is clear: Millennials (aka Gen Y) continue to have a significant impact on the economy and society in general.

Many businesses in the building, civil and mining and professional services industries in particular, underestimate the benefit of a well-constructed employment contract.

So, you’re doing your homework on employee onboarding and preparing new starter kits infused with your company’s values. You also want to mastermind an onboarding process that even the tech giants would be proud of.

Most of us look forward to Christmas as a time for fun, festivities and spending time with the family. If you’re a small business owner though, it’s not always the carefree holiday you might hope for.

No matter your situation, a business plan is a living document that needs constant attention and updates to accurately communicate the state of your business to a range of stakeholders.

These days, as hard as you might search for the perfect workforce in terms of skills, you will rarely be satisfied with what you find. Not because people are less trained or less intelligent, in fact often quite the opposite is true and the workforce is generally very highly qualified. However, university courses lack the practical and niche...

Seasonality essentially refers to inventory with repetitive or predictable supply and demand patterns over a period of time. Manufacturers, distributors and retailers all need to contend with seasonal changes to supply and demand – typically the effects of seasonality ripple through the supply chain, affecting virtually every stage of production....

If you are a business operating without a human resources team, hiring new staff may fall into the hands of either the business owner or another manager who who may not be experienced or comfortable in handling the hiring process effectively. But it doesn’t have to be that way. With some simple planning and organisation, you’ll be able to be...

By implementing online inventory management, managers and business owners are able to monitor stock levels in Bristol while on holiday in Brussels.

If the business you work in is anything like other small businesses, then your role of office manager means you handle just about anything! So, along with managing office supplies, equipment, record keeping, furniture and reception, you’re also the de-facto HR manager in charge of all the HR processes.

Far from it. There are much better ways to get your new hire off to a great start. And it’s far more likely that they’ll stick around for the long haul if they have a great experience from the get-go.

...that does away with ledgers, physical records and even Excel sheets. The inventory management software we are talking about affords freedom and peace-of-mind to the end user who is no longer attached to a clipboard and relegated to the depths of the warehouse come stocktake time.

Although the UK is one of the easiest places to start a business, many new businesses mistake the simple processes involved in starting a business (such as choosing a business name, registering with HMRC and setting up a bank account) with the day to day realities of making your business a success. Developing a detailed business plan is essential...

Every day, business owners work hard to increase their profit. But far too often, they lack a clear strategy and practical plan to make that happen. Your Profit & Loss Budget should be a direct reflection of your Strategy and Plan.

In general, it is used to improve efficiency for companies.

Whether you’re trying to bridge a cash gap or secure funding to grow your business, the Xero marketplace offers a suite of apps that can help

At a certain point, every growing business needs to take a leap and invest in new technology. It can be daunting and expensive, but the rewards can greatly outweigh the costs and stress.

These days, managing HR in a growing business is a constant task. As an HR manager, you’re probably overloaded with work and you never seem to get to the bottom of it all.

Forecasting is the process of estimating the effects trends, costs and external factors will have on your business in order to give yourself time to prepare.

Employees who feel part of a team where people have their back so to speak, and are there to support them, generally feel a lot happier and more positive to their work. Happy, positive people are more proactive and work harder. So this would be a great thing for the company, as you can imagine. But how do you promote teamwork in the workplace where...

In any business, large or small, good teamwork is essential for morale, productivity and efficiency.

Many businesses use trade discounts to simplify variable pricing, protect a market recognised price point, stimulate sales or reward customer loyalty.