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A gift from the Government! Ease your cashflow and Build your Pension, all at the same time – is this too good to be true? November 20, 2008

Posted by businessgrowthmastery in Entrepreneurial, Financial Management, General, Vision & Strategy.
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A couple of years ago, the Government changed the rules surrounding Pensions, allowing those with a Self Invested Personal Pension (SIPP) to invest in their own business.

A number of specialist providers have assisted many organisations to do so and the impact can be amazing on both your business finances and your personal pension assets.

However, since 1 October 2008, this opportunity has got even better!

Why – well although you have been able to contract out of the State Earning Related Pension Scheme (SERPS) since April 1989 – these funds being known as Protected Rights – it is only since the beginning of October that you have been able to have the same investment freedom if these Protected Rights are invested into a SIPP.

So how can this benefit you and your business?

Click here to find how…

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About to be launched… November 12, 2008

Posted by businessgrowthmastery in General.
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A good friend of mine is about to launch a new website, dedicated to supporting freelance contractors.

The address is http://www.just4contractors.com and provides freelancers with help and advice as well as access to a range of jopb opportunities.

Check it out an let me know what you think.

The Obama factor – how will it affect your business? November 6, 2008

Posted by businessgrowthmastery in Economic Environment, General, Leadership.
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Yesterday, the world woke up a different place.

Barack Obama was elected President elect in the US with a clear mandate to implement his pledge to deliver change – change in the US and change in the way the US manages its affairs on a global scale.

So, how will this affect your business?

There is a new found sense of optimism coming out of the US. Will this last? It’s probably too early to tell but if Obama is able to ride this wave, and instill some confidence back into the US economy, then it is widely believed that the downturn won’t be as hard as first thought.

One of his early issues that neds to be resolved is the impact of the credit crunch – this hasn’t really been felt properly in the US at the moment – I was there last week and the amount of credit that is still being pushed is amazing. If Obama can prevent a real tightening of the credit availability – as presently being felt across Europe, he will successfully be able to keep the economy moving.

And this can only be good for business in the US and globally.

As we have found, when the US ecomomy catches a cold, the world starts to suffer. If Obama can apply the right medicine, the suffering felt across the world will be controlled.

So what do I recommend that you do to ensure that your business can ride out this period of economic downturn?

1. Remember that there is opportunity in every crisis – the business that adapt to the circumstances and look for the opportunities that are ther thrive and come out of the downturn much stronger

2. Keep a tight ship running – control your costs, manage your cashflow and chase down your debtors

3. Market, Market and Market yourself more than ever – make sure the world know your story. Whilst everybody else is keeping their heads down, make sure that you are constantly promoting yourself.

4. Enjoy the experience – remember, if you are constantly thinking negative thoughts about your circumstances, these are self fulfilling – Enjoy the experience and you’ll come out of this uncertainty much stronger both personally and in your business.

So, in summary, the Obama effect can and will have a positive impact on your business – if you believe that it will!

Ride the crest of the Obama wave and drive your business in the coming weeks and months.

Tony

The financial meltdown – recession proof your business… September 29, 2008

Posted by businessgrowthmastery in Financial Management, General, Leadership.
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So what are the top five things that you can do right now to ensure that your business can greet a recession successfully:

 1. Set, measure, and consistently monitor inventory targets, sales goals, and revenues. But make profit – net profit – the main overriding focus.

2. Weed out unprofitable accounts…

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Our Olympic Success – what can it mean to your business… August 26, 2008

Posted by businessgrowthmastery in Entrepreneurial, General, Mastermind Group.
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I’ve been away on leave for the last few weeks, hence no recent Blogs. Whilst relaxing, I’ve been taking in the Olympic Games – what an amazing experience for so many different reasons.

Who would have thought that China would put on such a super games – the challenge to London to better it is massive.

The GB Team have exceeded probably their own expectations – a massive well done to everyone within that team – they have done us all proud.

Whilst watching the games and being in London when the ‘Host City’ was handed over, I started to think about what as business owners we can learn from this and I remembered a Podcast that I posted back in May – it’s probably worth listening to again if you haven’t already.

Here it is….

Business Growth Mastery Podcast

Please let me have your comments.

How will the Credit Crunch affect your business? July 16, 2008

Posted by businessgrowthmastery in Economic Environment, Financial Management, General, Leadership, Mastermind Group, Operations.
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As always with this type of question, there is no straight answer, other than – it depends!

However, in economic downturns, there are as many winners as there are losers. The question you should be asking right now is – in which camp do I want to be?

 

 

There is a saying that “when the going gets tough, the tough get going” and this has to be your mantra if you want to be one of the winners.
It is no good complaining about the state of the economy – there are enough people doing that. It is no good blaming the banks -they’re still open for business and for good business propositions, there is always money available.

However, the days of cheap money and a queue of people waiting to help you refinance are long gone and good riddance I say.

So what can you do to ensure that you are one of the winners and that you continue to deliver exceptional growth within your business?

For one, take these five simple steps;

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it depends!Undoubtedly, the impact of the credit squeeze, the increasing price of borrowing and the continued hikes in the cost of raw materials are having a big impact on business globally.

Santander takeover of Alliance & Leicester – the impact on your business… July 14, 2008

Posted by businessgrowthmastery in Economic Environment, General.
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Today in London, the Spanish banking group, Santander agreed to purchase Alliance & Leicester, the UK banking group in a deal worth approximately £1.3bn.
So what will be the impact on the business market in the UK.

All of the press analysts have concentrated upon the mortgage assets of A&L as being the main driver of the acquisition and debated at length as to whether the deal will be good for the UK consumer.

By acquiring A&L, Santander will have taken control of two of the bigger mortgage providers in the UK, having taken over Abbey a few years ago. Both Abbey and A&L were previously Building Societies and have significant retail customer bases.

However, I think the real purpose of the A&L acquisition is for Santander to gain a foothold into the business market. A&L have a much more developed commercial proposition than Abbey and although Abbey have been trying to develop their business proposition, it hasn’t really taken off in the way that I think Santander would have liked.

By acquiring A&L, they can merge the two UK businesses together and reap the rewards from cost savings generated as a result of de-duplication across branch networks and more significantly in the support functions. But I feel far more importantly, Santander now have a valid business proposition in the UK market, one I’m sure that they will wish to develop and exploit.

So what’s the impact on UK businesses?

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Thriving in a Downturn – Part 3 – getting your head right! July 11, 2008

Posted by businessgrowthmastery in Entrepreneurial, General, Leadership, Mastermind Group.
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I recently held a tele-seminar on this topic and was amazed at how many people in the audience didn’t grasp the importance of “getting their head right” when looking to succeed in business and drive growth within their business.

The seminar considered the impact of the ‘Law of Attraction’ on buiness sucess and highlighted a four step process to improving your future prospects – I’m in the process of setting up a download of this seminar via the website – www.businessgrowthmastery.com – so if you’re interested – keep an eye out.

It is probably wort reiterating the four step process here so that you can all start to implement it now;

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Apple iPhone 3G – is it a toy or a real business asset? July 11, 2008

Posted by businessgrowthmastery in General, IT/ Technology.
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Today, throughout the world, Apple is launching it’s new iPhone – the 3G version.

The question that I’ve been asking is whether this new version can be a real business asset or just another nice piece of apple kit? Can it help you to grow your business?

I’ve been using the original version of the iPhone for the last few months and I have to say that the interface is excellent – it is really good to have everything in one place. However, I still carry a Blackberry for business purposes as it enables me to have instant access to the office and immediate notification of emails.

The upshot is that instead of taking advantage of the latest mobile technology by reducing bulk etc, I’ve been left with carrying two phones – both really good at what they do, but equally both doing different things.

I’ve just got my hands on one of the new Apple iPhone 3G phones and on first impressions, the upgrade is certainly worth the wait. More importantly, I believe that I can now rid myself of the Blackberry as the 3G version provides a similar push and synchronisation to Exchange. yippee!!!

So I believe that the new 3G version of the iPhone is now a real business asset – it provides me with;

  • a compact phone
  • an integrated ipod
  • a camera
  • instant access to emails
  • synchronisation with exchange
  • fully functional web browser
  • fully functional map/ location finder
  • a decent note capability

all delivered in an extremely easy to use, practical interface.

Well done apple for listening and for reducing the price!

Thriving in a Downturn – Part 2 – 10 steps to enable you to exploit new opportunities in global markets June 18, 2008

Posted by businessgrowthmastery in General, Leadership, Vision & Strategy.
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In the June 2008 edition of Director Magazine, Jane Simms highlighted the need for UK Directors to seize the chance to exploit new opportunities in global markets.
I, like her wholeheartedly believe that there are amazing opportunities for even the smallest operator to take advantage of the perspection of UK business in overseas markets.

However, the biggest hurdle that you will have to overcome in doing so is not the red tape, the long distances or even the time differences. No, the biggest hurdle that you will no doubt have to overcome is your own self doubt.

There are 10 simple steps that you can take today to ensure that you take control of these doubts

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