Tag Archive: business advice
Empowering businesses for success: Porter’s Five Forces Model
Posted 15th June 2023 at 1:51 pm
In today’s fiercely competitive business landscape, it is crucial for organizations to gain a comprehensive understanding of the industry they operate in and the forces that shape it. Porter’s Five Forces Model, developed by renowned strategy expert Michael E. Porter, provides a valuable framework for analysing and assessing competitive dynamics. By examining five key forces, businesses can identify opportunities, mitigate risks, and strategically position themselves for success. In this blog, we will explore how businesses can effectively use Porter’s Five Forces Model to gain a competitive edge. 1. Threat of New Entrants: The first force examined in Porter’s model... Read more
Is your website accessible and inclusive?
Posted 14th June 2023 at 11:34 am
In our highly digitalised business world, creating a website that is accessible and inclusive is no longer just an optional add-on, but rather a crucial element for success. Not only does it ensure that all users can access and navigate your content, but it also sends a positive message about your brand’s values and commitment to creating an inclusive experience. Here are some approaches that can help you make your website more accessible and inclusive: Alt text for images Ensure that all images on your website are accompanied by descriptive alternative text. Alt text provides a textual description of... Read more
The keys to business success in challenging times
Posted 16th November 2022 at 5:37 pm
Times are tough and they are likely to remain challenging for the foreseeable future. So what do businesses have to do to ensure that they succeed in the economic environment of the next two years? The changing nature of the economy presents a whole series of questions for any business: What finance will it need in the short term and to invest? What are the challenges of entering and maintaining export and/or new markets? How does it develop new and innovative income streams? How can it manage its workforce through the peaks and troughs of activity? There is no one-size-fits-all... Read more
Make a habit of motivation
Posted 3rd May 2022 at 7:41 pm
We’ve all described ourselves – or maybe even a colleague or friend – as lacking the motivation to do something at one time or another. Motivation is the force which drives us to act; if we’re standing in the road and a bus is coming, our motivation for stepping out of the way is the fear of getting run over! Most people don’t struggle with short term motivation for imperative action, but our motivation can wane when the action is not ‘life or death’ or just takes place over a longer time period. Motivation is important for business leaders, and... Read more
Take control of your business
Posted 25th April 2022 at 1:44 pm
The pandemic put many businesses off-track in the short and medium term, and with the additional uncertainty created by Brexit during the same timeframe, and now the Russian invasion of Ukraine adding to the mix, it is not surprising to learn that economic growth has slowed and that the UK economy is now only 1.5% above its February 2020 level. While the situation in Ukraine is still cause for concern in humanitarian and political terms, the ongoing economic impact is as yet unknown. At least with the pandemic now losing momentum, and the Brexit situation more stable, there are fewer... Read more
Supporting your employees’ mental wellbeing
Posted 18th January 2022 at 9:54 am
This week started with ‘Blue Monday’, allegedly the most depressing day of the year! Although this day was originally invented by holiday companies trying to boost sales, there’s no denying that this time of the year is not most people’s favourite! (Just ask your accountant as they plough their way through everybody’s tax returns at the same time…!) Add the fact that we are rolling into a third calendar year of a pandemic, and you might feel that you want to provide a little more support for your employees. Offer mental wellness support Waiting lists for mental health support... Read more
The E R Grove suite of services
Posted 26th January 2021 at 9:32 am
You may think of us as ‘just’ your accountant, but here at ER Grove we offer all kinds of different services that you might not be aware of. These are designed to complement each other, so adopting two or more of our services could save you a significant amount of time, and even money! Accounts & Auditing Obviously you knew we did accounts, the clue is in our name, right?! But did you also know that we are Registered Auditors, authorised to carry out audit work by the Institute of Chartered Accountants in England and Wales (ICAEW) for a... Read more