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Grown-Up Guides

A Grown-Up Guide to… Succession

By | Business support, Grown-Up Guides | No Comments
What is it?

Succession is what comes next.  It’s what happens to a business when the people running it move on, and how to make that process as smooth as possible.

 

Who does it affect?

At some point in the life of every business, ownership will change.  It could happen for financial reasons, someone wants to sell the business for money.  It could happen for personal reasons, someone gets sick, they retire, or they just want a change in lifestyle.  There are a number of reasons ownership could change, but it will definitely happen.

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A Grown-Up Guide to… Business continuity

By | Business support, Grown-Up Guides | No Comments
What is it?

In short, it’s keeping your business running so it’s not affected by disruptions.  Spending a bit of time planning for those ‘hit-by-a-bus’ moments will pay back when things you never expect to happen actually do happen.

 

Who does it affect?

Whether you are a sole trader, an SME or a multi-national, you have clients to service, commitments to honour and you need to keep the money coming in.

No one wants to hear excuses about being ill or not having an internet connection

Your customers expect you to deliver what you promised, when you promised, for the price you promised.

Your staff probably need leadership, they definitely need to be paid, and they won’t like uncertainty.

Your suppliers need to be managed so they know what you need from them, and their invoices will need paying.  It’s not just trade suppliers either – what services do you use?  Do you have a mortgage or rent?  What about your phone bill, or utilities like electric and water bills?  Don’t forget the VAT and tax people as well – they definitely don’t like being kept waiting.

Finally there’s you.  As a business owner or director, someone who relies on the business to pay your own salary, how will you get paid if you can’t work or if the business can’t operate?

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A Grown-Up Guide to… The GDPR

By | Business support, Data analysis, Grown-Up Guides | No Comments
What is it?

The General Data Protection Regulations.

It’s new legislation to replace the Data Protection Act, coming into effect in May 2018.  The GDPR is an EU law affecting every company based in the EU and, importantly, any company that trades with the EU, wherever they are based.  The UK will still be in the EU in May next year, and we will want to continue to trade with the EU, so it’s likely we will keep the GDPR post-Brexit.

 

Who does it affect?

Almost everyone, to some extent.

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