Information and knowledge is key and here we propose to update you with our view of current business and property events. This can also be viewed from Face Book.
The Sunday Express this week reported that 25000 companies are set to fail compared with 19946 in 2010 and approximately 18000 in 2011. This is the year that was originally predicted in 2009 and nver came.
Why? Merranti beleives that the fear of the market unknown in 2009 meant businesses were in a position to "deal" with creditors or banks and the same in return. At that time most companies would listen to a sensible story. Now that all has been done, now it is business as usual however there is none. Companies where once they would reduce there budget have now deleted it completely. As the banks aren't trading between themselves neither are the companies and with the end user in a higher debt postition then the money is frozen.
Answer? there is no clear answer to this it depends on your sector and your current company health. Should you advertise more or not, generally yes however again careful of your end user. What is clear is that we need some Ted Levit thinking. He proposed that you looked at your business from every angle and really considered out of the box thinking, this is the basis of Merranti Consulting,
No matter the size of a business mistakes can be made, Coca Cola, Polaroid and the Mini Car, check out the new BBC series and see how the mistakes were made.
EVAN DAVIS TELLS THE STORIES OF SOME OF WORLD’S MOST MOMENTOUS BUSINESS DISASTERS
Where do you start with a new business, unless you already have an existing client list or product then consider "should you". A strange start but there are many business's that started and didn't consider if there was a market for their idea or how much it would cost to run.
Use a well know business plan software and let it interrogate you to find out the points you hadn't considered, ask non-friends for their view and ask for honesty. However be positive and follow the idea through, just let independence convince you.
When it comes to building contacts, quality trumps quantity.
Business people unfamiliar with referral networking sometimes lose sight of the fact that networking is the means--not the end--of their business-building activities. They attend three, four, even five events in a week in a desperate grasp for new business. The predictable result is that they stay so busy meeting new people that they never have time to follow up and cultivate those relationships--and how can they expect to get new business from someone they've only just met?
As one of these unfortunates remarked to me, "I feel like I'm always networking but rarely getting anything done."
I certainly agree that meeting new people is an integral part of networking, but it's important to remember why we're doing it in the first place: to develop a professional rapport with individuals that will deepen over time into a trusting relationship that will eventually lead to a mutually beneficial and continuing exchange of referrals.
(Reuters) - The number ofcompanies in Englandand Wales forced into liquidation fell by a fifth in the second quarter of 2010 compared to the same period a year ago and personal insolvencies may have peaked, data showed on Friday.
The Insolvency Service said 4,080 companies were liquidated between April and June, a shade higher than the first quarter but down 19.1 percent on a year earlier.
(Reuters)- The bosses of six major banks have formed a taskforce designed to get lending to businesses moving again, theBritish Bankers' Associationsaid on Monday.
"We, like you, believe there is a real need to make sure that viable businesses are able to obtain the finance they need to support the recovery of the UK economy," Green wrote.
(Reuters) - The outlook for UK commercial development activity over the next three months turned negative for the first time since July 2009, hit by a lack of funding and concern over public sector demand, a report said.
Developers surveyed last month feel most pessimistic about new building activity for offices, followed by retail and leisure properties, consultancy Savills'Total Commercial Development Activity Index showed on Monday.
·The brakes may soon be applied to UK house price rises according to the Royal Institution of Chartered Surveyors.Although the net balance of surveyors reporting price increases remained positive, it fell from 30 in January to just 9 in March. For the first time since May 2009 surveyors’ price expectations for the next three months were negative. But what may really dampen prices is supply starting to outstrip demand. New buyer enquiries remained unchanged in March, while the balance of new sellers rose to its highest level since May 2007.
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