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When team building exercises go wrong

Team building exercises can be beneficial for employees if done correctly. They can help boost morale, be an interesting way to help employees bond and get to know each other. But, occasionally they don’t go according to plan… Sometimes a team building exercise can go horribly wrong if poorly organised and if it’s not planned in advance. Recently, a team bu...

What is a lasting power of attorney and why is it important?

In today’s blog we will be looking at what a lasting power of attorney (LPA) is and why it is important. A lot of people aren’t too savvy on the subject so today’s aim is to shed light on the process, how it works and why it is so essential, especially for business owners.

So, what is a lasting power of attorney? Well… a lasting power of attorney is a legal document in which you can allow...

Hosting an event can be great for business

After being in lockdown for so long, what a relief it has been for people to be able to go to actual events again. No more needing to log into virtual events, you can now mingle and see other people… face-to-face, believe it or not! Following lockdown it feels like there’s more of a sense of community, which is lovely to see. If you haven’t already, then I ...

8 Questions to consider when starting a business

Have you ever had thoughts about whether or not you should turn your hobby/passion into a potentially profitable business? It’s fair to say that most people would have had these thoughts at some point, I know I have! Today I am going to be going through 8 important questions to ask yourself before considering starting a business of your own.

What is the core motivation for startin...

Ten reasons why working with Experts is great for business

When you run your own business there are so many areas you need to focus on and because you don’t have the resources to recruit a team of specialists for each one you tend to try and do everything yourself.

This is understandable but you run the risk of becoming a ‘Jack of all trades’ when what you really need is the help and support of an expert to cover those key areas of the business. ...

From Startup to Scale up

OK, so everything has gone according to plan, or even exceeded expectations and your startup has reached the stage where it has become too big and you need to take it to the next level. Give yourself a pat on the back because this is an impressive achievement and not all business owners reach the stage where their startup is ready to scale up.

The scale up phase of a business can be ...

The Business Landscape of Wales this Autumn

A Guest Blog by Graham Morgan, a Business Expert.

There were 267,000 business enterprises in Wales in 2019 according to the Office of National Statistics and this was the highest number recorded over the period from 2003. The growth from 169,000 enterprises in 2003 has been consistent year on year. Small and medium sized businesses(SME’s) accounted for 62.4% of the estima...

Where do we go from here?

A Guest Blog by Graham Wingar, Financial Expert.

At the beginning of the year we would have seen opinions ranging from “COVID-19 doesn’t exist” to “The whole world is going to end”. Now with more understanding about the health effects of the virus and how it may impact the economy we can take a more balanced view.

As part of our quarterly investment update, I have g...

The Importance of Insurance and Business Continuity Planning

A Guest Blog by Nigel Adams, Insurance Expert.

I have now been in corporate Risk Management and Insurance for 40 years, and my Business Severn Bay Corporate Solutions limited is now 10 years old. 

What can a SWOT analysis do for your business?

The fast moving world of business has changed considerably during the past 50 years and advancements in technology have enabled businesses to undertake market research and data analysis to such an extent that just wasn’t possible years ago. However, one aspect that has remained constant is the advantages that carrying out a SWOT analysis can have on a business. The SWOT analysis was devise...

Would you like to be your own boss?

I’m sure that most of us at some point during our careers have pondered about leaving the secure and sometimes stale environment of being an employee for the excitement, satisfaction and challenge of self-employment.

Whether you are bored and looking for a new venture, or you’ve missed out on promotion to Julian, the new graduate from marketing, or you just simply can’t face working anoth...

What did a business plan ever do for you?

You may think that business plans are an outdated concept, from a bygone era and are no longer relevant in today’s fast moving, ever changing digital world. But wait a minute, let’s just slow down and think about that.

I’m sure you probably have an idea of what a business plan is, but I’ll give you a simple definition anyway.

A business plan is essentially a document that describes ...