It’s an expensive time of year with Christmas just around the corner. However, for many small business owners, there is the additional worry about the impact the introduction of the National Living Wage will have on their business.
With the minimum salary for over 25s increasing in just four months’ time, business owners are, quite understandably, nervous about the prospect of their growing wages bill.
If your business is going to be affected, now is the time to plan how you are going to absorb the rise in costs. In this issue, we give you some practical steps.
We also take a look at the challenges of running successful family businesses. At Inspira, we know a thing or two about the issues associated with being in business with family members. We’ve worked with many over the years, providing practical advice and support to help them overcome some of the stumbling blocks. Here we share some of our best tips.
And finally... have you ever thought about getting a business coach or a mentor on board to help steer you in the right direction and grow your business? We give you the definitive explanation on what coaching and mentoring is and the key differences between the two.
We welcome your feedback on our newsletter and articles, so do get in touch if you have any comments or questions. Thank you!