Business Coaching

Delaying Tax Payments Can Help Your Business To Survive

I received an interesting email from business recovery expert Paul Masters of Leonard Curtis, the Mid-Sized Corporate Recovery Firm of the Year 2008 which looked at how delaying UK tax payments can help your business to survive.

I must point out that this is about the official Business Payments Support Service. It is a big mistake to think that you don't have to talk to HM Revenue & Customs and can just delay sending in the money you owe.

Strategy Failure: Common Mistakes In Strategy

Strategy Failure - what causes strategies to fail and is it just down to some common mistakes in creating and implementing strategy?

The RBS bank has just posted the biggest loss in UK history after making a bad acquisition, Lloyds TSB has been forced to go cap in hand to the government after agreeing to merge with HBOS to help Gordon Brown "save the world" and retailers are lining up to be the next pre-pack administration.

These are all big businesses, professionally managed and I am sure that they all had elaborate business strategies.

So what causes strategy failure?

Business Turnaround Tips From Ted Nicholas

I was browsing through the Simpleology website and found this free business turnaround tips video from famous direct marketer, Ted Nicholas.

Business Turnaround Tips - affiliate link

Spike Humer Business Turnaround Model

Some months ago I reviewed the Seven Day Business Turnaround Kit from  Mark Joyner and Simpleology.

One of the best videos from the turnaround experts Mark Joyner brought in was Spike Humer and he delivered this exceptional practical advice for any business - no matter what size - on this business turnaround 14 minute video.

How Do I Stop My Business Losing Money

This conversation follows on from "My Business Is Losing Money" and looks at the issues when the caller had done some analysis to determine if their cash crunch was due to profit or cash issues.

Caller "Paul, thanks for the advice the other day on how I can understand more about why business is losing money.

I have done the analysis and found that the big increase in my overdraft is due to a number of causes.

My Business Is Losing Money

Caller "Help. I think my business is losing money."

Me "Why do you think that?"

"My bank overdraft has been increasing for the last few months and for the last four to six weeks, I've struggled to stay within the overdraft limit. It's gone up by about £50,000 in the last six months and I don't know what to do. We've not had this problem before."

Business Turnaround In A Week

I came across a blog posting which examines Gordon Ramsey's turnaround method used in the TV programme Hell's Kitchen to turnaround struggling restaurants within one week.

Gordon Ramsey is a very well known chef and TV presenter but I was impressed by the seven step approach to business turnaround explained in Using the F-Bomb to Guarantee Your Success by Troy White.

The seven step turnaround process is:

Why Entrepreneurs and Small Businesses Fail

In today's blog I look at the issue of why so many entrepreneurs and small businesses fail.

Rich Schefren has been quiet recently but he's back with an interesting blog asking "What Is An Entrepreneur" which celebrates two years since he published the Internet Business Manifesto.

In this free report (details blow) he identified that the big problem for many businesses is they are run opportunistically rather than strategically heading towards a clear vision.

Importance Of Cash & Cash Flow Forecasts

I cannot over-emphasise the importance of cash and understanding your cash flow forecast, especially when times are tough.

There is an old banking mantra which sums up the very essence of financial control:

"Turnover is vanity, profit is sanity but cash is reality"

7 Day Business Turnaround Kit Simpleology

Over the next two weeks or so I will be testing and reviewing the 7 Day Business Turnaround Kit from Mark Joyner and Simpleology.