Articles

Beyond Profits: The Importance of Community-Centered Business Practices in 2024

Nowadays, it’s easy for businesses to focus solely on the bottom line. While profitability is undeniably crucial for sustainability, thriving [...]

11
Dec

Articles

The Impact of the 2024 Festive Period on Small Businesses

The festive period is a critical time for businesses of all sizes, but for small businesses, it carries unique challenges [...]

01
Dec

Articles

Using Financial Analysis to Grow Your Business in 2024

Financial analysis is often seen as a back-office function or compliance requirement, but its real value lies in being a [...]

27
Nov

Articles

The Road to Evidence-Based Solutions in 2024

In the fast-paced world of small to medium-sized enterprises (SMEs), success often hinges on efficiency, adaptability, and clear direction. At [...]

25
Nov

Articles

The Power of Process Mapping in 2024

In the ever-evolving world of small businesses, achieving operational clarity by process mapping is crucial. This is because processes are [...]

18
Nov

Articles

Navigating Global Challenges and Opportunities for UK Small Businesses in 2024

As 2024 progresses, the landscape for UK businesses is shaped by both local policies and global events, creating a unique [...]

18
Nov

Articles

What the Autumn Budget 2024 Means for UK Businesses

In the Autumn Budget 2024, Chancellor Rachel Reeves introduced several notable changes impacting the UK business landscape. Targeting a £40 [...]

01
Nov

Articles

Preparing for the 2024 Labour Budget: Practical Advice for Small Businesses

With Labour’s upcoming budget announcement on the horizon, small and medium-sized enterprises (SMEs) in the UK have a crucial opportunity [...]

28
Oct

Articles

The Impact of Artificial Intelligence on Small Businesses: Opportunities and Challenges in 2024

Artificial Intelligence is transforming industries across the globe, and its influence on small businesses is more significant than ever. As [...]

24
Oct

Articles

Harnessing Data for Business Growth

In today’s dynamic business landscape, data is more than just numbers on a page—it’s the key to unlocking business growth, [...]

18
Oct

Articles

Maximising Business Performance Through Financial Analysis

In today’s fast-paced business environment, making informed decisions is crucial for long-term success. One of the most powerful tools for [...]

24
Sep

Articles

3 Ways to Unlock Growth with Data

Data has become one of the most valuable assets for businesses of all sizes. For small and medium-sized enterprises (SMEs), [...]

19
Sep

Articles

5 Reasons Why You Should Be Strategic Planning

In today’s rapidly changing business environment, companies are faced with a multitude of challenges. From economic downturns and evolving technology [...]

11
Sep

Articles

5 Reasons Why Digital Transformation is Critical for SME’s

Digital transformation is no longer a nice to have for SME’s, but a necessity. Large corporations have been embracing the [...]

07
Sep

Articles

The Best Ways to Empower Small Businesses

At Precision MC, our mission is clear: empower small businesses and be the go-to consultancy for small businesses in the [...]

28
Aug

Articles

Free Tips on Navigating Economic Uncertainty

Current affairs are more than just headlines—they are the pulse of the global business environment. For businesses, particularly small and [...]

20
Aug

Articles

The 2024 Paris Olympics: Lessons in Excellence

The Olympics are more than just a display of athletic prowess; they are a masterclass in strategy, planning, and execution. [...]

23
Jul

Articles

What Businesses Can Learn from Microsoft and Nvidia’s Leapfrog Over Apple

In the ever-evolving world of technology, giants rise and fall, often swiftly and dramatically. Recent years have witnessed a notable [...]

17
Jul

Articles

Kicking Off Success: What SMEs Can Learn from the Euros 2024

As the excitement of Euros 2024 unfolds, there’s more to take away from the tournament than just thrilling matches and [...]

20
Jun

Articles

The UK General Election 2024: What do SME’s need to know?

The United Kingdom stands on the brink of a pivotal event—the General Election 2024. As small and medium-sized enterprises (SMEs), [...]

07
Jun

Articles

Embracing Collaborative Working: The Power of Working with Stakeholders

Collaborative working is key. I was just listening to a composer who mentioned that the best ideas often come to [...]

18
May

Articles

Leveraging Technology for Business Growth

In today’s fast-paced and increasingly digital world, businesses are constantly seeking ways to adapt and thrive in the face of [...]

13
May

Articles

4 Fantastic Strategies for Navigating Digital Transformation

As the world evolves, and digital increasingly becomes the buzzword of the times, small businesses need to start to embrace [...]

26
Apr

Articles

Maximising Marketing Opportunities

At Precision MC, we recognise the significance of harnessing digital marketing strategies to support our clients to maximise their growth [...]

11
Apr

Articles

Brilliant Strategies for Business Resilience in 2024

In the dynamic landscape of 2024, businesses are facing unprecedented challenges and uncertainties, ranging from geopolitical tensions to disruptive technological [...]

03
Apr

Articles

3 Lessons in Adaptation from Mammals

David Attenborough’s latest series explores the fascinating world of mammals and their remarkable ability to conquer diverse environments. What sets [...]

28
Mar

Articles

4 Ways to Navigate Business Growth with the Arrival of Spring

As the season of renewal and growth unfolds, businesses are presented with a unique opportunity to rejuvenate and revitalize their [...]

23
Mar

Articles

6 Reasons for Fantastic Financial Management

Financial management forms the bedrock of business operations, guiding decision-making, ensuring fiscal health, and driving sustainable growth. In today’s dynamic [...]

18
Mar

Articles

6 Insights and Strategies for UK Businesses

In recent years, the UK has faced a complex economic landscape shaped by various factors, including geopolitical shifts, technological advancements, [...]

13
Mar

Articles

Our 4 Strategies for Success

In the dynamic landscape of modern business, achieving sustainable growth is a perpetual challenge that requires strategies, meticulous planning, and [...]

26
Feb

Articles

The Hanseatic League: Lessons in Organisational Structure from History

The Hanseatic League stands as a remarkable example of a medieval trading alliance that defied conventional organisational norms by thriving [...]

19
Feb

Articles

Demystifying Key Performance Indicators: Your Business Dashboard for Strategic Success

In the fast-paced world of business, where jargon often becomes a barrier to understanding, Key Performance Indicators (KPIs) have emerged [...]

30
Jan

Articles

The Art of Business Growth: Focusing on the Process to Achieve Results

In the journey of business growth, much like the story of Margo in Margate, the key lies in focusing on [...]

13
Jan

Articles

The Impact of Snow on Business

Snow and cold weather can have a significant impact on businesses, especially in sectors that rely on outdoor activities, transportation, [...]

08
Jan

Articles

The Art of Financial Forecasting

In the dynamic landscape of business, where uncertainties abound, the ability to foresee financial outcomes is a crucial skill. Financial [...]

31
Dec

Articles

How to Prepare for the New Year

The new year is a time to reflect on the past and plan for the future. For businesses, this means [...]

22
Dec

Articles

Strategies for Building Business Resilience in Uncertain Times

In an ever-changing and unpredictable business landscape, building business resilience is crucial for the survival and success of any organisation. [...]

07
Dec

Articles

Precision’s Pay-Per-Hour Model

In the dynamic realm of business, adaptability is paramount. Recognising the diverse challenges faced by businesses, we utilise a pay-per-hour [...]

16
Nov

Articles

10 Tips for Selecting the Perfect Employee

Hiring the right employee can be a game-changer for your business. A talented, motivated, and well-suited employee can contribute to [...]

06
Nov

Articles

6 Tips for Navigating Business Taxes and Regulations

To run a successful business, you need more than a good idea and a strong business plan. A crucial part [...]

09
Oct

Articles

5 Tips for Effective Negotiation in Business

Negotiation is a skill that can make or break agreements, shape alliances and ultimately determine the success of your business. [...]

09
Oct

Articles

The Future of Retail

The retail industry is undergoing a significant change as a result of technology, which has the potential to completely revolutionise [...]

20
Sep

Articles

The Rise of Micro-Entrepreneurship

The business sector has undergone a significant transition in recent years thanks to a number of external factors including the [...]

18
Sep

Articles

What Can We Learn From Wilko?

Wilko went into administration in August 2023. There were a number of factors that contributed to the company’s financial difficulties, [...]

13
Sep

Articles

10 Tips for Mastering Money Management

For your business to succeed and thrive over the long term, managing its finances is essential. Effective money management is [...]

12
Sep

Articles

Unlocking Prosperity: Strategies for Enhancing the Financial Health of Your Business

The need to maintain a strong bottom line is crucial in today’s competitive business environment. Your business’s financial health involves [...]

22
Aug

Articles

Emerging Business Trends Shaping Tomorrow’s Success

As we all know, being a step ahead of your competition is essential in today’s fast-paced corporate environment. The trends [...]

21
Aug

Articles

Battle of the Business Minds: Business Coach Vs Consultant – Who Wins?

Business coach or consultant? Due to the fast-paced corporate environment, businesses are increasingly seeking advice and experience from external consultants [...]

15
Aug

Articles

Leveraging Trend Analysis: A Strategic Tool for Business Growth

The ability to foresee changes, spot trends, and make wise decisions is essential for success in the changing world of [...]

14
Aug

Articles

The Importance of Business Consultants in 2023

Are you finding it difficult to keep ahead of the competition and negotiate the complexity of the market in the [...]

08
Aug

Articles

Unveiling the Key to Sound Decision-Making

Financial analysis is the absolute bedrock of sound decision-making and this is something we know all too well at Precision [...]

07
Aug

Articles

6 Ways to Build a Resilient Workforce

Any business’s staff satisfaction is crucial to its success. This is especially true during difficult economic times, such as these. [...]

03
Aug

Articles

Unlocking Profitability: 5 Game-Changing Strategies to Boost Your Business’s Bottom Line

For businesses of all sizes, pursuing profitability continues to be a primary priority in today’s cutthroat business environment. In addition [...]

01
Aug

Articles

Unlocking the Secret Sauce of Success: 5 Proven Strategies to Skyrocket Your Career

We are all looking for the secrets of success in today’s world of intense competition and rapid technical breakthroughs. However, [...]

27
Jul

Articles

The Power of Adaptability: How Businesses Thrive Amid Turbulent Times

In today’s ever-changing world, the ability to adapt has become a defining trait for businesses seeking long-term success. Even the [...]

23
Jul

Articles

9 Free and Essential Finance Tips for New Business Owners

Although it can be an exciting endeavour, starting a business also has its share of difficulties, particularly when it comes [...]

17
Jul

Articles

Your Step-by-Step Guide to Personal Finance

Everyone should have the ability to manage their personal finance. However, a lot of people find the financial world to [...]

17
Jul

Articles

Unravelling the Impact of Hot Weather on Businesses

Consumer behaviour and spending patterns are influenced by weather conditions. Hot weather especially can cause a variety of reactions, from [...]

11
Jul

Articles

Unleashing the Power of Strategic Consulting

As a business owner, you will encounter various difficulties and complications in today’s fast-paced, constantly changing business environment. Adaptability, strategic [...]

10
Jul

Articles

Insights from a Business Consultant Specialising in Financial Analysis

As a business consultant specialising in financial analysis, my goal is to provide my clients with the expertise and guidance [...]

04
Jul

Articles

Unleashing the Power of Financial Analysis: A Roadmap to Business Growth and Profitability

As a financial analysis expert and business consultant, I have witnessed firsthand the power of financial analysis and the data-driven [...]

04
Jul

Articles

Unveiling the Power of Process Mapping in Business Finance

In today’s rapidly evolving business landscape, we are all looking for ways to optimise our operations and improve our financial [...]

02
Jul

Articles

Mastering the Art of Cash Flow Management

If you’re a business owner yourself, you’ll know effective cash flow management is essential for achieving financial success. Knowing how [...]

19
Jun

Articles

4 Ways to Unleash the Power of Cutting-Edge Financial Software

We all know that the financial landscape is constantly changing. This change offers both opportunities and challenges to business owners. [...]

19
Jun

Articles

Unlocking Growth and Success: The Power of Business Loans

Having access to adequate capital is the key to unlocking growth and success in today’s dynamic business environment. If you’re [...]

13
Jun

Articles

Understanding Ratio Analysis: Key Metrics for Financial Evaluation

At Precision MC we utilise ratio analysis to understand the financial performance and health of our client’s businesses. We are [...]

12
Jun

Articles

Maximising Returns: Unveiling the Power of Return on Investment

Whether your business is big or small, you need to try to make wise financial decisions by maximising the return [...]

31
May

Articles

Understanding Profit Margins: Key Metrics for Business Success

Profit margins are important metrics that shed light on the overall profitability and financial stability of your business. They gauge [...]

29
May

Articles

10 Strategies for Protecting Your Business Against Fraudulent Activity

According to a recent government study, each incident of business fraud costs an estimated £16,000. This is a staggering cost, [...]

22
May

Articles

Decoding Financial Analysis: Unveiling the Key Insights Hidden in Numbers

Financial analysis is at the core of everything we do at Precision Management Consulting. We are able to gain deeper [...]

22
May

Articles

Creating a Productive and Comfortable Office Environment: 4 Key Considerations

Creating a comfortable office environment for your employees has several (unexpected) benefits, which include: improving health and safety, encouraging productivity, [...]

15
May

Articles

Surviving the Squeeze: 5 Strategies For Businesses In The Cost of Living Crisis

The cost of living crisis has affected everyone, whether you are an entrepreneur or you work an office job, we [...]

15
May

Articles

10 Reasons Why A Strong Brand Identity Is Crucial

Brand identity is everything. But, what is it? Nike’s co-founder and author of Shoedog, Phil Knight, defines it as: “A brand is [...]

12
May

Articles

6 Online Business Ideas You Can Launch Today

Starting a business is now easier than ever thanks to the Internet. From the convenience of your home, you can [...]

30
Apr

Articles

Why Do I Need A Business Account?: 4 Compelling Reasons

You’re probably reading this article because you’re wondering – why do I need a business account? Today, I will give [...]

30
Apr

Articles

5 Reasons Your Business Isn’t Turning a Profit

Why isn’t my business turning a profit? Why am I not making as much money as I would like? Our [...]

25
Apr

Articles

Mastering the Art of Mergers: 3 Key Considerations for Successful Business Combinations

Merging two businesses can be difficult as there are a lot of things to consider such as culture, economics and [...]

25
Apr

Articles

Navigating the Difficult Decision of Redundancies: 3 Key Considerations for Employers

As an employer, redundancies are probably the last thing on this earth you want to have to do. It is [...]

18
Apr

Articles

Surviving a Cash Crunch: 3 Smart Strategies for Reviving Your Business’s Financial Health

If you run your own business you know that it is both challenging and rewarding in equal parts. The challenging [...]

18
Apr

Articles

4 Fantastic Ways Technology Has Changed Consultancy

Almost every business has been impacted by the technological transformation that has happened over the last ten years, and consultancy [...]

11
Apr

Articles

6 Free Tips for Choosing the Right Business Partner

Selecting the right business partner is a vital decision that can make or break your entrepreneurial journey. This is because [...]

11
Apr

Articles

Discover These 4 Strategies for Improving Employee Retention

You should be placing a strong priority on employee retention. If you fail to do so – it can be [...]

03
Apr

Articles

5 Soft Skills You Should Look For In Potential Employees

What should I look for in an employee? What skills should I look for? These are both questions that we [...]

03
Apr

Articles

5 Essential Negotiation Strategies for Achieving Successful Outcomes

Negotiation is crucial in your personal and professional life. It can be the difference between a low or high salary [...]

31
Mar

Articles

The Role of Consultancy in Business Growth: 5 Ways Consultants Help Companies Thrive

Consultancy has become integral in modern business strategy, offering companies the opportunity to receive expert advice and support to improve [...]

30
Mar

Articles

6 of The Best Social Media Growth Strategies for Small Brands

With 84% of customers being more likely to buy from a brand, they have been following on social media, using [...]

20
Mar

Articles

6 Free Ways to Use Microsoft Excel to Improve Your Business Processes

To some Microsoft Excel is a puzzle that they just can’t seem to solve. While to others, it is the [...]

20
Mar

Articles

6 Fantastic Strategies for Building an Eco-Friendly and Efficient Work Environment

It has become increasingly apparent that our activity as humans has a detrimental impact on the environment. This awareness has [...]

15
Mar

Articles

4 Free Ways to Improve Diversity, Equity and Inclusion in the Workplace

Diversity, equity, and inclusion (DEI) have been increasingly important topics in the workplace in recent years. By DEI, I mean [...]

15
Mar

Articles

Maximising Employee Retention: 4 Strategies for Building a Stronger Workforce

Employee retention is crucial for your business, no matter the size. High turnover rates can be costly and disruptive, undermining [...]

06
Mar

Articles

The Benefits and Challenges of Implementing a 4-Day Work Week

Are your employees increasingly feeling overwhelmed and burnt out from the traditional 5-day work week? Have you noticed a decline [...]

06
Mar

Articles

Company Culture: 3 Strategies for Creating a Positive Work Environment

Are you finding it challenging to keep your employees satisfied and motivated? Do you find yourself wondering how other businesses [...]

24
Feb

Articles

8 Benefits and Challenges of Implementing a Flexible Work Schedule

Are your staff tired of the traditional 9-5 work schedule? Do they struggle to balance work and personal life? If [...]

24
Feb

Articles

Maximising Efficiency and Reducing Stress: Optimising Work Distribution for Customer-Focused Desk Workers

The Problem A business came to us, confused about why their staff members’ performance capacity and productivity were so low. [...]

21
Feb

Articles

5 Best Types of Accounting Software

A crucial tool for managing personal or business finances is accounting software. Accounting software can help with budgeting, inventory tracking, [...]

21
Feb

Articles

Crafting a Winning Business Plan: A Comprehensive 9 Step Guide for Entrepreneurs

Every entrepreneur intending to launch or expand a business must have a solid business plan. It acts as a road [...]

20
Feb

Articles

3 Rock-Solid Ways to Build a Successful Remote Workforce

The COVID-19 pandemic has changed the way we work, and many businesses have shifted to remote work as a result. [...]

14
Feb

Articles

3 Free Tips For Improving Your Performance Capacity Ratio

The performance capacity ratio measures a system’s efficiency relative to its maximum capacity. It is a valuable tool for evaluating [...]

14
Feb

Articles

5 Free Tips for Networking with Confidence

Networking can be daunting if you’re not used to introducing yourself to strangers and asking them questions. It can feel [...]

08
Feb

Articles

5 Free Tips for Fantastic Customer Engagement

Do you know who your customers are and how they feel about your products and services? If you’re anything like [...]

06
Feb