Recent content by theMBA

  1. theMBA

    Apologies

    I might not be able to spend as much time on UKBusinessForums for the next few months - just had a promotion to a new job that will take up much of my time as part of a corporate re-org. Will try to dip in from time to time. Keep up the good work.
  2. theMBA

    Arrggghh!!!!

    Emma, Until I read this, I was going to suggest you go out and sell some of your products to get money to invest in your business. If you really can't face your buying public yourself, that will seriously damage you business prospects unless there's some other way of getting strong feedback...
  3. theMBA

    Thinking of buying a business but I have many questions

    There must be a real risk about whether the business is a going concern, which affects the value you should place on any assets, including customer list and goodwill. I'd ask to see their business plan before considering making a serious offer to buy the business on a going concern basis. As...
  4. theMBA

    Launching a new drink

    I don't know much about drinks business, but here are some ideas as an ex-auditor of the milk industry. It seems to me that many companies are selling 'less for more' as time goes on. Look at the diet industry - pay more and more for fewer and fewer calories - a licence to print money...
  5. theMBA

    A Dilemma

    You could just say that you assumed that you and your friend were jointly buying the tickets as a syndicate, and share the winnings with hm 50/50. That way, you get loads of loot, and your friend can't complain either, as you could have assumed something very different, leaving him nothing.
  6. theMBA

    Is this a viable business?

    Sounds like a great idea to pursue. You'll need to be careful which shops you offer this service to. Many that belong to chains will have something like this already set up within their own HQ/branch arrangements. They represent competition. A business plan is a must, and most important...
  7. theMBA

    Medics, health professionals and business professionals

    £10 per page reviewed (A4). I don't require a site visit - can do the review remotely by phone and e-mail. See my website for more info.
  8. theMBA

    Just walked out on a job

    Pricing is about supply and demand, but it's also a signal from the supplier to the customer. Droping the price low, and agreeing to haggle it even lower, can be a signal to a customer that you're desperate or that you're prepared to take risks with service quality. Stick to your guns, on the...
  9. theMBA

    Turnover help

    Retail businesses usually make money from either high margin, low volume (eg expensive/exclusive fashion) or low margin, high volume (eg 'discount' stores). If you only have one shop, you either have to go for high margin business, or have a low margin business that is going to grow RAPIDLY to...
  10. theMBA

    Age Discrimination

    Sorry - forgot to include the relevant quote when I just posted. Here it is: I'm over 40, but consider myself to be highky computer-literate (although the above slip might indicate otherwise, I hear people say!). Are you saying most employers are likely to discriminate on my age, on the...
  11. theMBA

    Age Discrimination

    I'm over 40 and I consider myself to be highly computer-literate. Are you saying most employers would discriminate against me on this basis?
  12. theMBA

    Medics, health professionals and business professionals

    Do you have a business plan yet?
  13. theMBA

    Unique Selling Points ?

    You might find that your USP emerges or develops over time, as you try out new ideas and offerings and find some that few competitors are offering and which bring in sales successfully. Where these ideas become part of your longer-term strategy, you can call them USPs in your business plan...
  14. theMBA

    To expand ot not to expand......?

    Great to hear someone expanding. Watch out for the cash-flow perils of "overtrading", though - make sure you have sufficient financing arrangements in place to cope with the demands of the expanded business. Even if profitability is strong, cash flow can all too easily be the downfall.
  15. theMBA

    How to write a business plan?

    Try this site as well: http://www.referenceforbusiness.com/business-plans/ There are lots of example business plans out on the web. They can provide a guide on format, layout, what sections to include. But the content has to be your own, and must be different from everyone else's in some...
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