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LOCAL BUSINESSMAN, CARL PETERS, CELEBRATES SUCCESS OF BAR LAUNCH

Sam Whitear
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On Friday 2nd September, Altrincham’s newest cocktail and karaoke bar opened its doors to local residents. The bar, founded by Carl Peters, alongside business partner Richard Littman, was packed with guests keen to sample Alibi’s unique cocktail menu and karaoke offering on both the launch night as well as Saturday and Sunday.

Alibi is owned by business partners Richard Littman and Carl Peters, who between them have nearly 40 years’ experience running and owning hospitality venues, including Altrincham hotspot Common Ground, Translate in Shoreditch and other popular London scenes including Steam & Rye, The Coronet and The Mermaid Theatre.

It was following Common Ground’s success that Carl Peters spotted the potential in the space just a few doors down on Shaws Road. The bar is unlike any other in the Altrincham hospitality scene and brings something diverse for residents to enjoy.

Alibi is now open Thursday to Sunday every week as well as weekdays for big events, including the upcoming World Cup. Alibi is also available for group bookings, including birthday celebrations, Christmas parties and anniversaries.

Carl Peters, Owner of Alibi, says: “From running Common Ground, we are familiar with the hospitality offering in Altrincham and what customers really want. Utilising this knowledge, we have created Alibi to bring something fresh and new to Altrincham that we are confident will be a great success. As Alibi grows, we look forward to growing our team and opening more job opportunities for local residents.”

OBI delivers inspiring fit out for Booking.com’s UK tech hub at Manchester Goods Yard

Sam Whitear
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Manchester based property consultants OBI, appointed to deliver the fit out of the new global headquarters of Booking.com’s Trips division at Manchester Goods Yard (Enterprise City), have announced completion of the development’s first phase.

The new Manchester office development will be Booking.com’s second largest global hub outside of Amsterdam and represents an investment of £100m. OBI has been appointed to provide workplace consultancy, interior design, project management, contract administration and cost consultancy services for the bespoke fit out, which covers circa 175,000 sq ft of space set over five floors.

The new unique office space, once complete, will bring Booking.com’s 1,000-strong team in Manchester – including 300 new roles created this year – under one roof.

Key features of the design include, fully connected meeting spaces, team rooms, breakout spaces, catering facilities, ‘zen’ spaces, conference auditorium facilities with a seminar event space for 250 people, games rooms and external winter gardens on each floor.

Smart office monitoring systems have also been incorporated into the project. This will help Booking.com understand how many people are in each space enabling smart technology to monitor and adjust environments to suit the social environment in the office.

The building will have a number of internal green spaces to encourage employee wellness and the office space has been themed and designed through a truly global lens, inspired by all seven continents. OBI’s workplace team have chosen designs, colours and planting with nods to each theme.

Manchester Goods Yard forms part of Enterprise City. The building was inspired by the industrial warehouses of Brooklyn, New York and its design epitomises modern hybrid ways of working, bringing people together to create and inspire in the most vibrant environment possible.

Joe Weilding at OBI said: “We have been working with Booking.com for over four years on this project and to finally see this coming together as planned is very rewarding. The whole team have worked closely to ensure we remained within budget whilst delivering a truly world class workspace and on programme.

“The project has been challenging with many moving parts but to deliver the first phase of the scheme as planned is fantastic.”

Matthias Schmid, acting Vice President of Booking.com’s Trips Division said: “Manchester Goods Yard represents a landmark investment in our people and the future of Booking.com in the city. The tech scene in the North West is world-leading and undoubtedly home to the talent that will drive our growth in years to come. Having what will be one of the UK’s most modern and contemporary workspaces to call home strengthens our ability to attract and retain the very best people as we continue to develop the technologies that support seamless, connected travel.”

Tanya Grady, head of partnerships and enterprise at Enterprise City, said: “We can’t wait to welcome Booking.com and its workforce to our new enterprise district and community. We’ve been working tirelessly on the curation and development of this new city centre neighbourhood over the past few years and having tech leader Booking.com invest in our vision and join as a key anchor is monumental for us.

“We’re only at the beginning of our journey, and as more of the cluster and its buildings come online over the coming months, we believe Enterprise City will fast become the centre for tech, media and creative businesses, both big and small in the north, bringing with it investment, a rich talent pool and a significant economic impact.”

The work is set to complete in September 2022 and will have taken a total of 12 months.

Enterprise City at St John’s Neighbourhood is already home to Bonded Warehouse, a Grade A office development and the ABC Buildings, a repurposed 1960s building which houses creative, media and broadcast businesses. The district is also set to welcome Soho House and Mollie’s, which will boast upwards of 130 rooms, a 164-cover diner restaurant, a lounge bar with live music and private hire event space, workspace and lounge, and an outdoor heated terrace in early 2023 which will be located in the city’s landmark Old Granada Studios building.

Manchester Goods Yard – due for occupation by the end of 2022 – will be based in the new St John’s Neighbourhood which is built around enterprise, culture and living. The neighbourhood comprises over 2 million sq ft of development assets, 10 acres of new public realm, 600 new residential apartments, the new home of Manchester International Festival (MIF) and a new boutique hotel.

OBI project managed the fit out and negotiated the lease on the building. This collection of services is known as ‘OBI Difference’.

Manchester India Partnership launches refreshed strategy to strengthen cultural ties Strategy launch attended by Mayor of Greater Manchester Andy Burnham and B&M founder Simon Arora

Sam Whitear
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The Manchester India Partnership (MIP) has launched a refreshed strategy to harness the power of its high-level networks in the UK and India. The strategy is guided by the UK India 2030 roadmap and has re-aligned itself with the updated Greater Manchester (GM) Industrial Strategy.

MIP was established in February 2018 by the Greater Manchester Local Enterprise Partnership, MIDAS – Manchester’s Inward Investment Agency and Deloitte to unite private businesses, academia and the public sector across India and Greater Manchester to build and strengthen trade, investment, cultural, and educational ties.

Over the years, it has developed into a soft power centre, which leverages the cultural and people connections to inculcate a spirit of collaboration between GM and India, thereby delivering opportunities for business and mutual prosperity.

In the wake of the pandemic and through challenges presented by the climate crisis, the UK and India have strengthened their partnership to seek solutions for issues presented in recent times, both showing strong resilience and clear opportunities for collaboration.

Greater Manchester’s Local Industrial Strategy provides the focus for this activity, engaging India in GM’s key areas of strengths that align with India’s growth sectors. These include Digital and Technology, Low Carbon, Advanced Manufacturing and Health Innovation.

Mayor of Greater Manchester Andy Burnham said: “The Manchester India Partnership has played a key role in developing and expanding connections between our city-region and India over the last few years. This renewed strategy will set out how that relationship can be strengthened in the future, based around our long-term ambitions for trade, investment, and innovation.

“Our city-region is home to more than 55,000 people from the Indian diaspora, and what this strategy also does is acknowledge the importance and the value of those cultural links that enrich and enliven our communities, and how they too can be a source of shared prosperity.”

Shehla Hasan, Executive Director Manchester India Partnership said, “Over 1,000 businesses in the Northwest exported over £310 million worth of goods to India in 2019 and in the financial year 2021-2022, India became the fastest growing economy in the world. Our aim is for Greater Manchester to be recognised as the strongest UK region as a partner for this sustained growth.”

The strategy focuses on five key pillars that accurately mirrors GM’s priorities for the future:

Raising the profile of Greater Manchester in India
Accelerating educational, innovation and entrepreneurship links between GM and India
Promoting culture, sports and tourism collaborations
Enhanced trade and investment
Increase in visitor numbers to the city region from India
To achieve these ambitions MIP will proactively engage partner organisations such as the Department for International Trade, the Confederation of Indian Industry, the Federation of Indian Chambers of Commerce & Industry, MIDAS, Marketing Manchester and Visit Britain.

The Manchester India Business Group launched this year by MIP, a networking club to promote the Manchester-India commercial and cultural relationship will also be an important platform for businesses and people from both regions to meet, exchange experiences and listen to informative and influential speakers including senior government officials, politicians, business leaders, editors, and culture curators.

Simon Arora, MIP Chair and CEO B&M Stores said, “India and the Greater Manchester region are key partners in each other’s future prosperity and sustainability. As we expect the announcement of the UK India Free Trade Agreement around Diwali next month, this is an opportune time to launch MIP’s refreshed strategy and action plan till 2030. We are enthused and excited to work to strengthen this relationship further.’

Jo Ahmed, MIP Deputy Chair and Partner at Deloitte said “2022 will be a pivotal moment in the UK-India relationship as the prospect of a Free Trade Agreement draws closer. As a priority international market for Greater Manchester with a burgeoning visitor economy and an Indian student economy that has almost tripled between 2018 and 2021, the refreshed Manchester India Partnership strategy will benefit multiple sectors and provide the platform for the next exciting phase of collaboration between Greater Manchester and India.’

2022 will be a pivotal moment in the UK-India relationship as negotiations for a Free Trade Agreement draw closer. As a priority FDI market for the Greater Manchester region, a burgeoning visitor economy and a student economy that has almost tripled between 2018 and 2021, the refreshed strategy will benefit not only the city-region but the North-West and the UK.

Endpoint Automation Services Opens Manchester Office

Sam Whitear
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Endpoint Automation Services (EAS), the Robotic Process Automation (RPA) specialist is preparing for further expansion with the opening of a NW location in Central Manchester.

Located at Peter House, Oxford Street, Manchester M1 5AN, the new office is based within a contemporary Spaces (formerly Regus) facility, and will afford easily access to servicing both current and potential clients based in Manchester, Liverpool and the surrounding areas.

The Manchester office will be EAS’s third UK-based location, complementing operations at both its Oswestry head office, and also the company’s Glasgow base, which opened last month.

Several members of the current EAS team will now operate from EAS’s Manchester office including newly appointed RPA Consultant, July Moss who joined in July.

Phil Lewis EAS MD comments: “We have a number of key clients already in the area, and in recent months, we have seen an influx of interest from businesses who are all keen to realise the potential that RPA can bring to their operations, by reducing costs and increasing productivity.

“With three UK locations and a presence in the US, we have a substantial base to now build upon, and are looking forward to celebrating further growth over the coming months.”

With a business model perfectly suited to today’s business challenges, software solutions business EAS, was founded in 2015 and produces intelligent software automation solutions to organisations nationally including, pharma and public health bodies (including the NHS), manufacturing industries, insurance, legal and higher education sectors.

Physical robots have already transformed the plant floor, and now software robots are transforming everything else. EAS’s automation drives efficiencies in R&D, operations, supply chain management, customer engagement, and employee productivity.

EAS specialises in producing Robotic Process Automation (RPA) solutions, and with a background in complex IT and cloud automation, offer automated processing. Since establishing the business in 2015, EAS has achieved to date over £3 million in cost savings for its clients, through the development and deployment of software robots to replace manual, repetitive processes and freeing up valuable employee time to focus on more complex tasks.

The company achieved a turnover of in excess of £1.8m for 2021, up from £820,000 in 2020, and is now targeting sales of £2.2m for 2022.

Clothes2order jobs boom continues with 25 new roles

Sam Whitear
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Manchester based branded workwear supplier Clothes2order.com are today announcing the creation of a further 25 new jobs across their manufacturing, customer service and web development teams.

Following a strong recovery after covid restrictions ended, Clothes2order have made investments of over £550,000 in their Trafford Park manufacturing base, systems and technology improvements, and growing their sales and marketing teams. These investments have led to strong sales performance and the requirement to significantly expand their workforce for the second time in less than 12 months.

The firm, which celebrated 25 years in business last year, supplies a wide customer base both in the UK and internationally – from promotional clothing for blue chips like Amazon and Google, to workwear and uniforms for restaurant chains, all the way through to embroidered polo shirts for your local plumber. Orders are fulfilled from their Trafford Park site which already supports over 160 textiles jobs, printing and embroidering company logos an designs onto clothing.

Sam Jones, Managing Director, commented “It’s always great to be in a position to create new jobs and we look forward to welcoming in a new cohort to the Clothes2order team to help us continue our growth. Our strong performance this year has shown we’re on the right track, relentlessly focusing on quality,
speed, customer service and reliability.

Our customers want their orders fast and our industry leading stock position and on site manufacturing facilities are key to ensuring we can produce and deliver reliably. New equipment has also opened up new markets for us, with an enhanced ability to customise sports and athleisure clothing we are seeing growth across the teamwear and fitness sectors in particular.”

Clothes2order have a positive outlook and are set to grow further into 2023 and beyond, with the investments made this year setting the business up to handle sales doubling over the next two years.

Sam Jones further commented “Our investment and recruitment strategy not only meets current demand but enables us to go after continued growth in the years to come. We have invested in exciting new channels as well as bolstering our sales team and improving our ecommerce offering to continue making things easier for our customers.”

Northcoders appoints Joe Mulvey as new Data Engineering lead and launches Data Engineering bootcamp

Sam Whitear
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In direct response to one of the tech industry’s most sought-after specialisms, Northcoders – one of the UK’s leading independent providers of training programmes for software coding – is launching a brand new 13-week full-time Data Engineering bootcamp. The course will be staged either in person at Northcoders’ Manchester, Leeds, Birmingham and Newcastle sites or remotely.

Northcoders has also announced the appointment of Joe Mulvey as its new Head of Data Engineering. Joe, who is a former teacher and a graduate of Northcoders himself, joins the business from Inawisdom. He has also previously worked at Greensill Capital and Auto Trader PLC as well as having a previous career as data analyst, consultant and trader for Barclays Capital in the City.

Joe’s primary focus will be designing and honing the Data Engineering bootcamp curriculum based on his experience as a data engineer which spans a variety of sectors including e-commerce, finance and consultancy.

Applications are now open for the new Data Engineering Bootcamp. The first set of start dates are: 3rd October and 28th November. Some free scholarship places are available for applicants living in England.

The Data Engineering course has been designed and developed by industry experts to give people the valuable skills they need to kick start a career in data, including roles within data engineering, AI, ML, MLOps and DataOps.

The core elements of the bootcamp will include coding in both JavaScript and Python as well as SQL, data modelling, data infrastructure and the fundamentals of Cloud engineering. People who complete the Data Engineering bootcamp will not only be given the core data skills, but will also have the underlying ability to code which will put them in a unique position to quickly progress in their data careers.

The curriculum will be constantly updated to match the skills employers actually want and will be delivered in a career-first approach. This means students will build a portfolio and will be fully supported by Northcoders’ team of career development experts who will help deploy them into their first industry roles.

The primary function of a data engineer is to build data platforms. That means, for example: getting the data from the source systems to the analytics systems; ensuring that the data is validated and remodelled into a useful format for interrogation; populating the analytics data store; setting up tools for consumers (internal and external) to use the data; securing the data; setting up processes for complex analysis such as machine learning; and making sure all these processes happen quickly, reliably and automatically.

Commenting, Joe said: “The aim of the new Data Engineering bootcamp is to offer a world leading course that is focused on developing the skills that the tech sector needs. Our ability to adapt quickly means that we will be constantly evolving what we teach and tailoring the curriculum. That is an exciting prospect and will help to create the most talented and in demand data engineers of the future.”

Amul Batra – chief operating officer at Northcoders – added: “This launch is another milestone in our growth and comes at a time when there is huge demand for data engineers. According to LinkedIn’s 2022 “Jobs on the Rise” report, data engineering is listed as one of the fastest-growing careers in the UK; whilst the average salary for a data engineer is £60k. We have already helped to create over 1000 software development superstars, so this is a natural step for the business. Under Joe’s stewardship I’m sure it will be a huge success and will become an integral part of our offering over the coming years.”

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About Northcoders: Northcoders is a market leading provider of B2B and B2C coding and software development training. Founded in 2015, its business model operates a hybrid structure with flagship sites in Manchester and Leeds supported by a best-in-class digital offering to businesses and individuals across the UK. It also has hubs in Newcastle and Birmingham.

Powered by IP rich technology, Northcoders’ coding school offers bootcamp courses to consumers from a range of backgrounds, delivered through virtual and physical learning. The Group also works with blue chip corporates across multiple sectors to supply innovative EdTech solutions for the upskilling and reskilling of employees, and is a registered provider of government-backed apprenticeships in the field.

With a keen focus of inclusivity, diversity and quality at its core, Northcoders aims to address the digital skills gap in the UK to meet the increasing demand for digital specialists from corporates and government. It operates in a significant and growing market with structural growth trends further accelerated by Covid-19.

Since its inaugural course in 2015, Northcoders has helped over 1000 people switch careers into tech, with average starting salaries of £25,500. Over the past few years, it has been selected as one of the country’s brightest tech stars in Creative England’s CE50 list and was named Business of the Year at the 15th Annual Chamber Business Awards. It has also launched scholarship schemes and a deferred payment programme aimed at women and gender minorities, as well as those who identify as BAME or LGBTQ+, have a disability or have had limited access to education, to help address diversity in tech.

Pearson’s Pamela Walsh is appointed to the Children’s Panel as she’s awarded The Law Society’s Children Law Accreditation

Sam Whitear
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Pearson’s Pamela Walsh, Senior Solicitor in their Family and Child Care department has been recognised for her expertise in child care law and has been accredited by The Law Society by becoming a member of their Children Law Accreditation scheme.

The Children Law Accreditation is a quality mark set by The Law Society for practitioners who represent children in children law proceedings and is recognised by the Legal Aid Agency.

To become an accredited member, applicants must demonstrate that they have:

personally conducted cases and represented parties in children proceedings
carried out advocacy for clients
a thorough awareness of ethical issues that can arise in children cases
an up-to-date knowledge of guidance, legislation, case law and practice developments
the ability to work directly with children, explore their competence and understand their wishes and feelings
Applicants are also expected to meet the standards of practice and conduct outlined in the Code of Practice for Children Law.

To qualify for this prestigious accreditation, one must complete a training course, submit a detailed application demonstrating that they meet the strict criteria and attend an end point assessment. If successful, the accreditation lasts for three years.

Pam said: “I am so thrilled to have been accredited and recognised for my experience in Children Law and it’s a real honour to be an accredited member of the scheme which helps professionals such as guardians choose from a panel of experienced practitioners to represent the needs of children.”

With over 20 years’ experience in Care, Family and Children Law, Pam is a Resolution accredited specialist (Children Law Private/Domestic Abuse) undertaking care, children, family and matrimonial matters. She is also a member of Child Concern, a Committee member of Oldham Law Association and Mahdlo’s Patron representative on behalf of Pearson Solicitors and Financial Advisers.

Director and Practice Manager Joanne Ormston says: “Pam joined our Child Care team back in 2018 as a Senior Solicitor and is highly regarded in her profession. She has a real empathy towards her clients backed by strong determination to get the right results. She is not one to rest on her laurels and in addition to her accreditations and memberships, applying to be a member of the Children Law panel was the next natural move for Pam. She is also our go-to person when junior members join the team to help supervise them and pass on her know-how as they develop their own careers and we are delighted that she has achieved the recognition she deserves.”

SALFORD’S KINGSLAND DRINKS GROUP BOLSTERS SENIOR TEAM

Sam Whitear
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Mark Riley, former Commercial Director at Bibendum, part of the C&C Group, joins Kingsland Drinks Group as Commercial Director this week.

The Irlam based company moved to an employee-owned model in 2021 and has significantly invested in its capabilities and infrastructure to become a full-service drinks company.

Riley brings 25 years of drinks industry experience to Kingsland Drinks Group across sales, commercial and supply chain, having held senior seats at Heineken / Waverley TBS and Scottish & Newcastle.

With well-seasoned experience in the marketing of brands – from innovation to launch at a global and UK level – Mark takes on responsibility for the complete commercial operation of Kingsland Drinks Group including sales, marketing, and liquid buying. He joins a senior team dedicated to developing the company in line with its purpose: to build a better drinks industry and society.

Jon Eagle, Kingsland’s existing commercial director, and buying director and shareholder Karen Wilson, will lead thorough transfer of knowledge and responsibilities in the coming months before Eagle retires and Wilson transitions to a Board advisory role.

Ed Baker, Managing Director of Kingsland Drinks Group says: “Mark brings true pedigree in the marketing of products and the leadership of high performing sales teams to the company, at a time when we’re focused on building our capabilities and realising the potential of our investment pipeline. With a legacy for developing talent, strong analytical expertise and experience across the industry, he’s a hugely welcome addition to the Group.

“Jon, while taking well-earned retirement this year, is lending the benefit of his expertise to us for some time yet, as he kindly supports senior transitions across the business. We appreciate Jon’s experience and input at this time, and he’ll be truly missed when he leaves the company.”

This month Kingsland Drinks Group also welcomed Andy Henderson who has joined the business as Operations Director, heading up factory operations, technical and supply chain functions. Henderson will play a pivotal role alongside Riley in building on the business’s reputation as a trusted, strong, and stable player in the UK drinks trade offering a full category service.

The pair are also joined by Jason Wallace, Head of Supply Chain, who joined the business in July from John West Foods where he was Head of Supply Chain UK & IE and responsible for leading the end-to-end supply chain for its UK, Ireland and export networks.

In July 2022, Kingsland Drinks announced a long-term-partnership with Manchester Still and investment in a craft spirit facility on its site in Irlam, Greater Manchester. The facility will provide Kingsland Drinks and its sister company Ten Locks with the ability to produce artisan spirits and marks a new development in the firm’s capabilities as a full-service drinks company.

Access attracts the Institute of Physics and adds connectivity technology specialist to its client base

Sam Whitear
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Digital Experience agency Access has won two new clients who have appointed the Manchester based agency for website development and digital effectiveness projects.

Access’ proven track record in user experience design attracted the Institute of Physics to task the agency with a number of human-centered design projects, while Adder Technology, a global leader in the design and manufacture of connectivity solutions, is calling on the agency’s digital development capabilities to improve the effectiveness of its digital platform through ongoing support.

The professional body and learned society for physics in the UK and Ireland, The Institute of Physics https://www.iop.org/ selected Access from its roster of website development agencies to enrich its online membership proposition and services. As well as integrating the IOP’s membership site into its main platform, the brief also includes redesigning the user experience of the member’s area and a home page redesign to provide a clearer journey for its audiences that include physicists and people interested in learning more about the science in the UK and Ireland.

Manchi Chung, Digital Programme Manager for the IOP said: “The team at Access stood out as the ideal partners for the transformation of our membership area given the combination of their experience in membership-based web services and impressive approach to digital development.

“We could see through its previous work with the RAF Benevolent Fund that Access ensures that every aspect of the site is baked in user insight and research to deliver the most intuitive and optimised journeys. It was also important that we chose a digital partner experienced in Agile Methodology to work seamlessly alongside our internal developer teams, and to work iteratively as we roll out the new features and functionality.”

Impressing Adder Technology https://www.adder.com/en with its Drupal experience, Access has also been appointed by Adder for ongoing delivery of site improvements and added-value projects.

Established in 1984, Adder Technology is today a global leader in developing market-leading keyboard, video and mouse (KVM) solutions that enable real-time control of local, remote and global IT systems. Its customers include some of the world’s leading organisations across a range of industries, from transport hubs like Heathrow Airport to post-production houses such as Skywalker Sound and Illumination Entertainment.

Access was awarded the contract following a competitive tender process. Having completed an upfront technical audit Access’ team has begun upgrading Adder’s site to Drupal 9, including a PHP upgrade, moving on to a website and PIM (Product Information Management) system integration project.

Peter McEvoy, Digital Marketing Manager at Adder Technology said: “We selected Access as our Drupal web development agency of choice having gone through a pretty rigorous tendering process. For me, Access were the clear front runners in this competitive bid as they clearly demonstrated solid development and support services and having started working with them, it’s clear this decision was correct.

“We’ve now completed our first month working with the agency and I’m really happy to report that my expectations have been surpassed. I’m really looking forward to working with them on some projects over the coming months and getting to know the whole team a bit better.”

Mark Hope, Digital Director at Access, said: “These wins are testament to how we’re able to combine our agency’s heritage in marketing fundamentals with our digital first thinking and highly experienced team of Drupal development specialists to meet client’s needs.

“It was clear that our comprehensive discovery approach to understanding the client and end users’ needs were leading factors in both the IOP and Adder choosing us as their partner. We’re passionate about ensuring that all of our development work is based on insight, not opinion, to deliver digital solutions that have an impact. It was also great to hear that having two Drupal Grandmasters within our team reassured Adder on its choice too.

“It’s fantastic to add two new retained clients to our roster.”

How to Save Money as a Business

Sam Whitear
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As we enter difficult economic times once again, businesses must find ways in which they can bring their cost sheets down. If sales are dropping and you’re struggling to price your products and services appropriately due to inflation, one thing you can do to stem the loss of cash you’re experiencing is to slim down your subscriptions and payments to the bare minimum. This article is about how you’ll do that, leaving just the bare bones of your firm to operate and generate a profit when you’re strapped for cash. 

 

Unnecessary Payments

First, you should look over your entire balance sheet. Try to get an impression of which payments you can cut out right away, and which you can try to phase out or reduce over time. These will differ from business to business, but there are some key areas that you can look at, including:

 

  • Rent office space – If your landlord raises your rent, you could decide to leave to a new location.
  • Utilities – Prices are shooting through the roof. Try to find a way to reduce your consumption or negotiate new, more favourable contracts.
  • Salaries – If you’re struggling to turn a profit as a business, it might be time to let staff go.
  • Stock – Prices are becoming far more expensive. It might be time to pause purchases for a short while.

 

All these significant overheads can be reduced or cut off in the right contexts. Be careful to examine each option before pulling the plug on unnecessary payments. 

 

Better Rates

One of the things that many businesses simply don’t have time to do is to compare the rates they’re paying against the current cheapest in the market. It takes time to research the best deal possible, and you might feel that this is time poorly spent when there are so many other pressing responsibilities for you to attend to. 

 

In this case, you can outsource all that research, using a tool, such as icompario.com, to compare the best rates for several essential business services. Visit the website to search for the cheapest vehicular services, for instance, that’ll help you deliver products to homes for less cash. 

 

Online Only

Whether you’re a new business with aspirations to open a store, or you’ve been working with a brick-and-mortar store for decades, one of the biggest sources of overheads that any business will pay is for floor space in an industrial estate or a town centre. If you can find a way not to operate in high-cost locations, that’ll save you a shedload of cash. 


That’s precisely why so many businesses chose to close their stores during the pandemic, opening online stores instead. Now that there’s a cost of living crisis and high inflation, this might be the time for you to close your store and consider ways in which you can deliver your services or products through online channels instead. 

 

Make these changes to your business to reduce costs and save cash during difficult economic times. 

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