Box clever to survive and strive in business
Matthew Harding
Helping businesses and sales professionals maximise revenues and profits
It is now the morning after the sledgehammer budget delivered by Rachel Reeves, and many business owners are wondering how they can stay afloat, let along strive in 2025.
This was certainly a budget designed to squeeze the pips leaving many varying considerations for entrepreneurs - most damaging of which I believe impacts the broader population is the massive hike in NI Employer contributions, with many employers having to seriously contemplate immediate redundancies!
As an employer for the past 30 years, and unlike the "big end of town", I know that smaller businesses have a personal obligation to their staff meaning the situation laid down in this budget will cause many sleepless nights, personal sacrifice and still end up with nowhere to go other than making some staff redundant.
Or is there another option?
Most businesses I meet with do not work to full capacity ... in fact the average only works their staff and infrastructure at 60% of full steam ahead, therefore there is a lot of under-used potential we call SPARE CAPACITY. (Use our calculator here to see what your spare capacity looks like)
Your spare capacity , in the form of un-billed hours, idle machinery, empty tables in a restaurant or unsold media as examples, is potential revenue EVAPOURATING out of your business - lost forever.
At the same time you have potential revenue being lost in your spare capacity, most businesses are spending their earned cash with other businesses who never spend back with them ... therefore your cash is going down a one way street and not returning - the single most damaging thing you can do to your cash flow.
So What?
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By boxing clever and working within a reciprocal community like BBX UK , a business can start attracting new customers to fill up some of the spare capacity (gaining extra income) and using the extra revenue to fund some of the regular business expenses instead of bleeding the cash by throwing it down a one way street. THE RESULT in operating this way is extra retained cash that can now be used to pay the extra burden imposed in this years sledgehammer budget.
Anything Else?
And you don't need to stop at just freeing up cash for the government black hole! Using BBX on an ongoing basis allows your business to stretch budgets that would have otherwise been cut, do things your competitors are not able to afford, and build a business that can strive in 2025 when others are losing their heads and collapsing.
If you want personalised demonstration on how the BBX community can work for your message me direct or call 012020222697 / 03334002014
Making Business Change a Success
4 个月It,s a really good time to move the 80/20 rule in reverse.view a? bbx partnership as a way to maximise Bbx funds as cash to reduce costs an increase cashflow.
I Help Businesses Grow Their Marketing Budget — Without Spending More Cash
4 个月Good points Matt. Let's get a head of the curve. The worst thing we can do is stick our head in the sand and hope for the best as the storm blows over.
Most businesses do not use the power within their business to its full potential. Utilising capacity is just the entry level for alternative business finance. Alternative finance needs an alternative approach and usually requires alternative advice. The key word here is alternative. Going to your usual business advisers is only going to get you a list of objections to possible alternative solutions. Small and medium sized business owners are still close to their business so they should be looking at alternative ways of doing business directly and engaging to find out all the information first hand before discussing it with retained advice. Just make the enquiry. There is little to loose except the time for a call and perhaps a meeting and potentially everything to gain from saving a business right through to actively making a business grow with competitive advantage.
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4 个月Great advice
Making Business Change a Success
4 个月This is a support team that will help you beat the budget downside risks for SME's. If you haven't heard of it I suggest you find out more FAST.