Starting a business needs a lot of preparation, which is ideally written down in a business plan. Businesses need the direction provided by a vision and mission statement and clear company values, to be successful in the long term. An on-going adaption of the company's products/services to the external market environment secures business success. However, consistency in regards to the company’s activities is needed to build brand value. A well working pricing and revenue system secures that the business is profitable. Conclusively, businesses need to get many things right, and may profit from the advice of professional, especially during their early days.

1. Basic Tips for Small Businesses'
Financial Success
Produced on behalf of: Business Debt Management
www.business-debt-management.co.uk

2. MANY SMEs FAIL
BECAUSE OF THEIR
POOR
BUSINESS PLANS

3. STUDIES REVEALED A
POSITIVE RELATION BETWEEN
THE EXISTENCE OF A
CORPORATE CULTURE,
EMPLOYEE &
CUSTOMER SATISFACTION LEVELS,
& THE FINANCIAL SUCCESS OF
A COMPANY.

4. LEARN FROM
THE BIG BRANDS
AND BUILD A COPRPORATE
IDENTITY AND A
‘CULTURE OF PURPOSE’

5. DERTERMINE
SOLID COMPANY
VALUES AND
OBJECTIVES. DEFINE
A VISION AND
MISSION.

6. BE
DIFFERENT
FROM YOUR
COMPETITITORS

8. ALWAYS WATCH
YOUR EXTERNAL
MARKET
ENVIRONMENT

9. ALSO, LOOK AT INTERNAL
FACTORS. EVALUATE
THE SUCCESS
OF YOUR PRODUCTS/SERVICES
USING SOME OLD
BUSINESS MODELS SUCH AS
THE BCG MATRIX AND PLC

10. CHANGE THE COURSE WHEN PROFITS
DECREASE, OR AS SOON AS NEW
OPPORTUNITIES COME UP.

11. GET YOUR
PRICING RIGHT

12. BE BRAVE AND ENTER NEW MARKETS:
DEVELOP NEW PRODUCTS/SERVICES FOR YOUR
GIVEN CUSTOMERS, OR TARGET NEW ONES
WITH YOUR GIVEN OR NEW PRODUCTS.
BE SHY AND TRY TO ALWAYS APPEAL
TO THE DIVERSE CUSTOMER TASTES.

13. ALWAYS KEEP THE RIGHT BALANCE BETWEEN
YOUR CUSTOMER RETENTION AND
CUSTOMER ACQUISITION ACTIVITIES.

14. KEEP YOUR STAFF HAPPY
AND ASK THEM FOR THEIR
IMPROVEMENT IDEAS

15. SEEK OUT FOR
HELP, IF YOU HAVE
REACHED A
DEADLOCK.
FOR EXAMPLE,
BUSINESS DEBT
MANAGEMENT
CAN HELP SOLVING
DEBT PROBLEMS.

16. Produced on behalf of:
Business Debt Management
Phone: 0845 463 3328
www.business-debt-management.co.uk