Why revenue streams are important for small businesses
Revenue is the driving force of any small business, a good income stream will help your business cover costs, grow and turn a profit. Revenue streams are central to the Business Model Canvas So, what are revenue streams? The Collins Dictionary states that: “A company’s revenue stream is the amount of money that it receives from selling a particular product or service.” It is how you generate cash. To be successful you need to look for a constant revenue stream. Building income streams is crucial for the development of your business. Here’s the low-down on why revenue streams are important for small businesses.
Discover the Power of Purpose for your Small Business
The power of purpose for small businesses should not be underestimated. Purpose can be transformational and helps businesses connect with employees, stakeholders and customers. At Be Rescued, we’re firm believers in understanding your purpose and the positive impact it can have on your business. Following the path to purpose can really pay off. Want to know more about purpose and what it could mean for your business? Here’s the low-down from the Be Rescued team.
Why a Value Proposition is crucial for small businesses
A Value Proposition explains why people will buy from your business and not your competitors. It is arguably one of the most important segments of a Business Model - if not the most crucial. But what is a Value Proposition and how do you create one? We will explain all this and more, so grab a cuppa and have a relaxing read!
How creating a Business Model will benefit your small business
With so many do's and don’ts in business, it’s difficult to know what you should and shouldn’t do. But there are some must do’s for small business owners. A Business Model is something you simply must have. Done correctly it provides a framework for the workings of your business and the all-important strategy that underpins it. The Cambridge English Dictionary defines a Business Model as: “A description of the different parts of a business or organization showing how they will work together successfully to make money.” A Business Model will help you understand the fundamentals of your business and will pave the way for success. At Be Rescued, we’ve shown our clients the value a Business Model can bring to their business and want to share how it can benefit other small business owners.
The Lessons of 2020: What we’ve learned
2020 has been quite a year. Both personally and professionally our lives have been turned upside down. The ‘new normal’ includes home schooling, working from home and social distancing. We do more online than ever before; from trying to secure online grocery deliveries to grappling with video calls. Despite everything, we have shown great human spirit and adapted in the best way that we can, with businesses big and small adjusting their services and product offering.
Focusing on small businesses priorities: Wrongful trading and cash management - a handy guide
With so much going on at the moment and new regulations being introduced at speed, it’s easy for small business owners to miss things. Let’s face it, there’s enough to do just focusing on the everyday. However, it’s a good idea to set aside some time each week to familiarise yourself with any updates that are relevant to your business and industry. Here at Be Rescued, we try to flag up as much as possible, whether it’s new legislation, information on government support or action you should take to safeguard your business. This month we want to draw your attention to important legislation on wrongful trading and we’ve some tips on how you can manage your cash flow. We’re here to help and regularly provide advice for small businesses.
The springboard to success: Why asking for help is good for small businesses and how to go about it
Running a small business can be lonely. There will be times when you don’t know who to turn to when you need an answer to your questions. If you’re a business owner trying to navigate the COVID-19 pandemic, asking for help is more important than ever before. The survival of your business could depend on it. But how many of us ask for help when we need it most? Some even see asking for help as a sign of weakness when quite the opposite is true, reaching out can help increase your chances of business survival and success, needless to say you can make meaningful long-lasting connections. Asking for help is good for small businesses. At Be Rescued, we’re huge advocates of seeking advice and help as early as possible, and believe now more than ever, small business owners should be doing so.
Are you ready? Help and advice for small business owners in the event of a business slowdown or a local lockdown OR BOTH
We are seeing a number of local lockdowns across the UK, with many of us thinking ‘Will there be a lockdown in my area’. As some government support schemes wind up, are you able to cope if business is slow or there is a lockdown? We’ve put together some practical tips on things you can do in the event of either scenario, or both, adversely affecting your business. At Be Rescued, we specialise in helping small business owners in times of crisis.
Help and advice for small business owners and the self-employed, from operating safely to finance and furlough
Most of us have been longing for a haircut during lockdown and even more so if we’ve had a DIY disaster! Now at last, shaggy-haired Brits can go to the hairdressers. However, salons look very different now, social distancing measures mean that screens, hand sanitizer and protective gear are the new normal. It’s great to see businesses opening but whether you run a hairdressers, a restaurant, or an office, there’s a lot to consider. Small business owners need to follow rules to operate safely, while also staying on top of everything from finance to furlough. We’ve put together some help and advice for small business owners and the self-employed to guide you through the coming weeks. This will largely focus on England, as regulations for Scotland, Wales and Northern Ireland may differ. If you need any further help or pointing in the right direction, contact Be Rescued, we’re here to help.
From pivoting to undergoing a digital revolution – Why SMEs are AMAZING
We’ve certainly had a tough time lately. However, there’s light at the end of the tunnel as businesses start to reopen. There’s also some good news for the manufacturing industry, with the announcement that Nissan’s car making operations will be centred on its Sutherland plant. But it’s in the small business community that we’ve seen some of the most positive stories. In particular, the way owners have responded to the crisis and pivoted their businesses. This blog celebrates the butcher, the baker, the candlestick maker, the small manufacturer – the small businesses that are the backbone of the UK economy. Here at Be Rescued, we salute you – small businesses are simply AMAZING.