Blog

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It’s been another busy year for the soft play industry, and at Johnson Reed, we’re incredibly proud to have been involved with so many new-start ventures, alongside the numerous projects involving existing operators and our repeat customers in the sector! As the market becomes more saturated, as operators it’s important to be vigilant and take the time to regularly review your offering to identify any areas for improvement. Here are just a few ideas to help you boost your business and bring more custom through your doors.

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When looking to purchase new software for your business, your licencing and payment will likely be amongst your top considerations. With obvious pros and cons to perpetual licencing and subscriptions, it’s important to determine which model will best suit your business’ requirements.

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Regardless of whether you’re a new-start, growing or established business, capital is one of your most valuable assets. With money constantly moving in and out of your business, it’s feasible that you might need to consider sourcing external funds to help you manage cash flow or achieve business goals. Applying for a business loan can come with a negative stigma; often perceived as a sign of financial hardship or a last resort – but this certainly isn’t always the case! On the contrary, loan facilities can be used as part of a strategic move for a business; as more of a proactive, rather than reactive, solution.

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Sometimes upgrading and purchasing new equipment is necessary to enable and maintain your day-to-day operation, and sometimes your investment may be part of a wider strategy to grow and improve your business. Regardless of your rationale, it can help to adopt the analytical mindset of a business growth expert to ensure you’re making a worthwhile investment and taking a step in the right direction towards your business growth.

Here’s the inside track on a business growth expert’s decision-making process, and how to approach every equipment purchase as a revenue-generating asset.

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Regardless of the size of your business or industry, a customer relationship management (CRM) system can form the framework of your business; helping manage much of the day-to-day and streamline your operation across departments. Used to its full potential, your CRM can be a powerful marketing and sales aid solution; helping teams operate more efficiently, identify new opportunities, and ultimately, win more business.

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We’re often asked, particularly by new-start operators, ‘am I eligible for finance?’ Whilst the bank and more traditional lenders tend to operate by a very strict criteria, the process of securing finance with Johnson Reed is a straight-forward and much speedier process. The information required and the process itself can vary depending on a number of factors, and whilst we like to review each business case individually, we understand it can help to have some initial transparency on what’s involved. With this in mind, we’ve compiled a cheat sheet to give you the inside track on how asset finance is underwritten and approved in the UK.

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Whilst some fraud attempts are laughable (like the substantial ‘tax rebate’ you forgot to claim!) others are becoming more sophisticated, and stand a chance of catching even the most IT-savvy businesses out. Once an attack strikes in the workplace, it can take a great deal of time, money and valuable resources to get the issue resolved. Yet whilst businesses are becoming warier of the problem, a significant proportion are still yet to take appropriate action.

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Venturing down the finance route can initially seem a little daunting, typically associated with credit checks, tedious paperwork and onerous conditions. Whilst this may have been your experience with banks and finance houses in the past, this certainly doesn’t need to be the case. At Johnson Reed, we understand the time constraints and daily pressures of running a business, and facilitate your finance requirements in a quick, simple and fuss-free manner.

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Not only highly inconvenient and stressful, ransomware presents a huge threat to your business, and can cause you to loose critical data, time and money. We’ve partnered with Brigantia, the largest subscription partner services community in the UK, to get a first-hand industry insight on the matter. With so many high-profile companies and organisations falling victim to cyberattacks, it certainly begs the question – is there any way we can guarantee full protection?

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Your credit score, in a nutshell, represents your financial stability and is often used as an indication of your ability to meet repayments in a credit agreement. A ‘clean’ rating is not only critical to your customer-supplier-relations, but also plays a vital role in your finance application. The more ‘creditworthy’ you appear to be, the more successful you’ll be in your application. There are a multitude of factors that can affect both your personal and business rating, so it’s important to be aware of these and know what you can do to avoid unnecessary stains on your credit report.