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 Putting long-term plans in place can help you achieve your ambitions for the future. You'll also be better placed to deal with life's little surprises.
Making planning part of your life
Carrying out a SWOT analysis can help you work out your strategy and refine your plans. Make it an annual event so you know where you are and where you're going with your business.
Strengths Weaknesses Opportunities Threats Analysis
| Sales |
Rising or falling?
What's profitable, and what's not? |
| Finance |
Are your books in order?
How is your cashflow? |
| Customers |
Are you listening to them?
Are you keeping the profitable ones? |
| Products & services |
Are they meeting customer needs?
Could they be sold to another market? |
| Suppliers |
Satisfied with their products/services?
Any alternatives? |
| Marketing |
Are you targeting the right people?
Are you using the right channels e.g. the Internet? |
| Staff |
Do they have the right staff?
Do they need training? |
Making your bank work for you
Local Business Managers that understand your business are in themselves a wise investment. For example, they can advise on ways to improve your cashflow and help with investment decisions that might increase your turnover significantly.
Book an appointment with a Barclays Local Business Manager now
Building up personal savings
Whether you’re running a business or not, it’s important to create personal cash reserves.
- Consider your personal savings as well as those of your business
- Talk to a Local Business Manager who understands both your personal and business finances
- Consider exposure to risk, involvement required and accessibility before committing to a savings or investment product.
Find out more about our savings accounts
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