Why Partners and Cost Structure are key building blocks for businesses
At Be Rescued we love giving small business advice and top tips. So, over the past year we’ve taken you on a whistle-stop-tour of the Business Model Canvas with a deep dive into some of the key things you need to consider as a business owner. This crucial document helps to ensure your business can function effectively and turn a profit. We’ve reached the final stage of the Business Model Canvas, and in many ways, saved the best till last with step 8 ‘Partners’ and step 9 ‘Cost Structure’. At Be Rescued, we see both as essential building blocks for businesses, here’s why and what you should consider.
Small business advice: How Core Activities help your business succeed
Here at Be Rescued, we love giving small business advice. The Business Model Canvas is an essential part of a small business owners toolkit and provides a blueprint for success. Step Six: Core Activities details the key activities you need to perform to make your Business Model succeed and keep your business running.
A deep dive into Channels and why they matter for your business
Finding the best way to reach your customers and deliver your products and services is crucial to the success of your small business. Channels are the way you do this and are fundamental to the Business Model Canvas.
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.
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.