Business Model

March 20, 2017

Five tips for business expansion

Expansion can mean different things to small businesses. For some it’s about opening more bricks and mortar stores, for others it might mean simply moving from a small office to a larger one, it could mean expanding into international markets, or even broadening your remit and adding online services to an already-established storefront. The question is: How do you know when – and if – it’s the right time to expand your business? If you consider the right timing, get your finances in place, research new markets and establish a customer-first culture you are on track to set your business up for expansion. It’s all about timing How do you know if it’s time to expand? For for kids […]
December 1, 2015

Managing Subscription Business Model

The subscription business model has grown rapidly in recent years with e-commerce (Birchbox), entertainment (Spotify and Netflix) and media industries all adopting it as an alternative to one-off purchases. Here are guidelines for small business owners on running a successful subscription business. From Netflix to Dollar Shave Club, monthly and annual subscription services are all the rage right now in the industry. Consumers get convenient access to unique products and services where they don’t have to pay upfront, and businesses get a recurring source of revenue and potential to serve long-term customers. The subscription business model itself has been around for decades – paying weekly rent is a good example – but many traditional product-centric industries are moving to subscription […]