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

Articles

4 Free Tips for Starting a Marketing Campaign That Works

So you’ve got a startup, and now you want to start marketing your product or service. The good news is [...]

31
Jan

Articles

5 Free Market Tips for Entrepreneurs

If you’re reading this, you probably have an idea for a startup or an upcoming business venture. But, chances are [...]

31
Jan

Articles

7 Qualities of Powerful Leaders

So, what are business leaders? A business leader is someone who inspires a team to work together toward a single [...]

25
Jan

Articles

5 Free Tips for Dealing with Difficult Staff

A worker who fails to act responsibly or professionally in the job is frequently referred to as a ‘difficult employee’. [...]

25
Jan

Articles

4 Ways to Harness New Artificial Intelligence in the Workplace

Artificial intelligence (AI) is rapidly becoming a key driver of technological innovation and economic growth. The integration of Artificial Intelligence [...]

16
Jan

Articles

5 New Pieces of Software to Improve Your Business Processes

Software and business go hand in hand in today’s digital age. Businesses of all sizes and industries rely on software [...]

16
Jan

Articles

5 Steps for Creating an Effective Marketing Strategy

Everyone knows that marketing is a necessary evil. However, people often overlook the importance of implementing a marketing strategy. A [...]

15
Jan

Articles

4 Free Tips for Hiring Staff That Make a Difference

Your employees have the power to make or break your business. If your team do not work together effectively, [...]

09
Jan

Articles

7 Top-Notch Tips for Getting Investment in Your Start-Up

Starting a new business can be daunting at the best of times, let alone if you require investment to get [...]

05
Jan

Articles

10 New Ways To Show Employee Appreciation

With 63% of those who are always/usually praised at work being very unlikely to seek a new job in the [...]

05
Jan

Articles

Running your online business on a popular eCommerce platform

Here at Precision, we have found that many clients come to us because they are struggling to sell their products [...]

29
Aug

Articles

How to deliver gradual and constructive business development

Has your business stagnated or plateaued in recent months? Unsure how to boost the front-end and -back-end of your business? [...]

24
Aug

Articles

When and how to recruit staff and achieve your business goals

Would you like to create a budget for your recruiting process? Are you unsure if now is the right time [...]

19
Jul

Articles

A 2-way street: how to successfully manage staff expectations

Are you worried about meeting staff expectations? Not too sure how to motivate staff? These concerns are all too common [...]

22
Jun

Articles

Managing your business effectively throughout the cost of living crisis

Are you worried about how the cost of living crisis might affect your business? Looking for ways to protect your [...]

15
Jun

Articles

When and how to let go of a toxic employee

Do you have a member of staff who makes other employees feel uncomfortable? Unsure about the legal implications of removing [...]

07
Jun

Articles

How to use your USP to transform your business

You may be wondering how to utilise your unique selling point benefits to their best effect. If this sounds like [...]

03
Jun

Articles

Creating a cohesive business hierarchy – 1 helpful analogy

Not sure how to implement a straightforward hierarchy for your business? Do you worry that a system of governance will [...]

08
Feb

Articles

Big clients and the dangers of relying on just 1 alone

Devoting too much customer concentration to one big client can do more harm than good to your long-term business development. [...]

08
Feb

Articles

Company memo boards: improving focus within your team

Is your team beginning to lose track of their tasks? Are you forgetting who you assigned to your new project? [...]

01
Feb

Articles

Get organised with a professional personal assistant and boost your business

Calling all small business owners and managers: do you have an unmanageable workload? Are you struggling to organise meetings with [...]

26
Jan

Articles

How to maintain a healthy work-life balance as a business owner

Is your business taking over your life? Does an overwhelming workload prevent you from spending quality time with family and [...]

26
Jan

Articles

Better communication within teams?

I had a client who had 10 members of staff, and dozens of tasks, messages and emails throughout the day. [...]

19
Nov