In this module we’re going explore some key tools and techniques to help you build your growth mindset further.
In this module you’ll explore:
Placing effort before talent
Stepping outside your comfort zone
The power of words
Relishing the failures
Start by downloading and saving the workbook to your computer, to use throughout the module, capturing any key takeaways and completing the exercises at the end of each chapter.
Building a growth mindset
Growth mindset is often talked about as a quick fix to solve problems, but as with any ability it takes time, effort and practice to develop and change behaviours. In this chapter we’re going to start by looking at your beliefs and how these affect the actions you take and, ultimately, the growth you achieve.
Step outside your comfort zone
In this chapter we’ll look at the importance of stepping outside your comfort zone and continuing to challenge yourself every day. We’ll also explore the power of language and the impact of limiting words on your mindset.
Enjoy the journey, relish the failure
In the final chapter of the module, we are going to explore the concept of failure looking at the importance of making mistakes and using these experiences to learn from.
In this module we are going to look at how to put a profit and loss statement together for your business.
In this module you’ll explore:
Building a profit and loss statement for your business
How to calculate gross and net profit margins
What other financial metrics you need to track within your business
Top tips for managing your finances
Start by downloading and saving the workbook to your computer, to use throughout the module, capturing any key takeaways and completing the exercises at the end of each chapter.
Building a profit and loss statement
In the first chapter we’ll take a closer look at a profit and loss statement, bringing together revenue and costs to understand the viability of your business.
Even if you aren’t trading yet or already have a profit and loss statement in place, take the time to go through the process anyway to challenge your existing business model, revenues streams and costs and see if you can make any improvements.
Understanding profitability
Following on from the last chapter, we are now going to look at the overall profitability of your business and individual product and service lines, using gross and net profit margin equations.
We’ll also hear from some entrepreneurs about how they monitor the profitability of their businesses and what other key financial metrics they also track.
Top tips for managing your finances
In this chapter, we’re going to hear some top tips from entrepreneurs on how they manage their finances.
This video is part of a series of webinars on legal issues affecting the construction and engineering industry.
Alison Garrett and Tim Waters highlight some of the taxation changes in 2021 that affect the construction and engineering industry.
In our Foundations webinar series, our specialist construction and engineering team bring you updates and discussions on legal issues affecting the construction and engineering industry. You can find recordings of our previous webinars below.
To keep up to date with our latest legal insights for the construction and engineering sector, you are welcome to follow our dedicated LinkedIn page, where we regularly post articles, recordings and events relevant to the sector. Click here to follow.
Click here to register for future Foundations events.
World leaders are united in developing policies to tackle climate change, and UK businesses have a role to play. But where to start?
This informative session will build your understanding of the threat posed by climate change and demonstrate how your business can successfully plan for a low-carbon future. By the end of this learning journey, you should be able to articulate the principles of sustainable business practice and be inspired to take your next steps.
Be informed: understanding the threat
What do we mean by climate change? What sort of business interruptions could severe weather inflict? How do government policies impact small businesses?
Watch our film for an introduction to tackling climate change and why it matters.
Be successful: 10 steps you can take now to be a greener business
There is no one right solution on tackling the threats of climate change – start small and you could still make a difference. Read the Business Builder sustainability checklist to understand how the weather could affect your business and changes you can make straight away.
Further reading
For more insights on climate change and the race to net zero, visit the NatWest Business Hub’s spotlight on Green Business.
We have a thriving and diverse community of thousands of entrepreneurs from multiple sectors, backgrounds and skill sets helping you to connect with the right people at the right time. No matter whether you’re looking to upskill, get feedback, engage with new people or simply observe, there’s something for everyone.
‘Want to learn more? Register for NatWest Business Builder to view all of their business development tools. Click HERE‘
In this module we’ll explore the common pitfalls of customer discovery and techniques to gain insights into the behaviours of your potential customers so you can test and validate any assumptions that you have made.
In this module you’ll explore:
What is customer discovery and why is it important?
Common pitfalls of customer discovery
Customer discovery techniques
Effective questioning
Start by downloading and saving the workbook and use it throughout the module to write notes, reflect on the key points and take time to answer the questions for your own business.
What is Customer Discovery?
In the first chapter we’re going to start by setting the scene and understanding what customer discovery actually is, and why it’s important for you business; using the customer/ client development model to demonstrate the different steps of building a repeatable, scalable business model.
Understanding your customer
In the second chapter we’re going to explore some key methods used to capture valuable insights from your customers. Throughout this chapter, continue to use your workbook to capture any important takeaways and consider what insights you need to gather from your customer segments, how you might do this and who you need to speak to.
Pitfalls of customer discovery
In the final chapter, we’re going to highlight some of the common pitfalls of customer discovery and explore some effective questioning techniques, to help you gain honest and accurate insights from your customers, to drive your business forward in the right direction.
In this module we’re going to explore the viability of your business model, specifically looking at the cost structure. When looked at in conjunction with your revenue streams, it will give you an overall understanding of the profitability of your business.
In this module, you’ll explore:
Different types of cost structures
The key costs within your business
Fixed and variable costs
How to use costs to your advantage
Start by downloading and saving the workbook to your computer, to use throughout the module, capturing any key takeaways and completing the exercises at the end of each chapter.
What is a cost structure?
In this first chapter, we’ll start by looking at what a cost structure is, different approaches to cost and why it’s such a crucial element of building a viable and scalable business. Use your workbook to help you identify the costs within your business – and don’t forget to keep a note of any assumptions that you make so you can continue to test and validate these going forward.
Understanding your costs
Now that you’ve started to identify key costs within your business, one fundamental priority for every business owner is to then understand which costs are fixed and which costs are variable. In this chapter, we’re going to understand what constitutes a fixed cost or a variable cost and apply this to the costs you identified in the previous chapter.
How to use costs to your advantage
In the final chapter of this module, we’re going to look at how you can use costs to your advantage, first understanding the concept of breaking even and how economies of scale and scope could ultimately help increase the profitability of your business. We will also hear from some entrepreneurs about the cost challenges within their businesses and how they’ve worked to reduce these further.
We have a thriving and diverse community of thousands of entrepreneurs from multiple sectors, backgrounds and skill sets helping you to connect with the right people at the right time. No matter whether you’re looking to upskill, get feedback, engage with new people or simply observe, there’s something for everyone.
‘Want to learn more? Register for NatWest Business Builder to view all of their business development tools. Click HERE‘
The ability to develop, understand and regulate your mindset and behaviours is central to becoming an effective entrepreneurial leader, so throughout this module we’re going to give you some key tools and techniques to help you develop your self-awareness further.
In this module you’ll explore:
What is self-awareness?
Why is self-awareness important for an entrepreneur?
How to develop your self-awareness
Start by downloading and saving the workbook to your computer, to use throughout the module, capturing any key takeaways and completing the exercises at the end of each chapter.
What is self-awareness?
Self-awareness is the ‘keystone’ of emotional intelligence. But what does that actually mean?
In this chapter we’ll understand what self-awareness actually is and why it’s important to you as a business leader, and start to look at some key tools to develop your self-awareness.
Test your self-awareness
In this chapter we’ll continue to explore your self-awareness by looking at different reflection techniques and how these can help you, as well as completing a simple psychometric test to give you a greater understanding of your social styles.
Developing self-awareness
Feedback is the final tool we are going to explore within this module and it is central to identifying, understanding and revealing elements of yourself that you were perhaps not aware of.
We have a thriving and diverse community of thousands of entrepreneurs from multiple sectors, backgrounds and skill sets helping you to connect with the right people at the right time. No matter whether you’re looking to upskill, get feedback, engage with new people or simply observe, there’s something for everyone.
‘Want to learn more? Register for NatWest Business Builder to view all of their business development tools. Click HERE‘
Stuart Thompson, Julie Marshall and Shailee Howard look at how ‘Intelligent Procurement’ can help the construction sector deliver aims set out in the recent Construction Playbook and we will also discuss the Green Paper “Transforming Public Procurement”.
You can view the latest Mills & Reeve legal webinars here
Join us on our extended ‘recovery programme’ virtual events which support businesses to restart, rebuild and renew.
The UK government spends almost £300 billion per year on buying goods and services from external suppliers. Can your business afford to miss out on this significant market?
With hundreds of thousands of public sector contracts and tenders published every year, no matter what industry you’re in and what your services/goods are, there will be a government contract that is perfect for you.
Companies of all types and sizes should be able to access public sector contracts, irrespective of their experience or knowledge of the public-sector procurement process. We understand that this process can be confusing, intimidating and frustrating – but we are here to help you overcome these barriers and start winning those contracts!
This pre-recorded webinar will not only provide an overview of how public sector procurement works but also take you through the entire tender process, from beginning to end. Including where to find tenders, how to decide if a tender is right for you and what to include in a high-quality bid submission.
The webinar is suitable for all individuals from all sectors, including anyone that:
Is new to public sector tendering
Has some experience of public sector tendering but would like to increase their understanding
Is experienced but would like to discover ways of improving their success rate
Content / Takeaway
Understand what is included in the public-sector tendering process
Know where to find suitable tender opportunities
Able to determine if a tender is right for you and assess chances of success
Able to develop high-quality tender submissions
Avoid common mistakes when developing and submitting a tender
Better understanding of the key terminology and acronyms
Overall increased confidence and chances of successfully tendering for government contracts
About the Speaker
Kyle Jameson, Managing Director and Lead Bid Writer at TenderHelp
Kyle founded TenderHelp in 2018 in response to a lack of affordable tender writing services in the market. One of the key drivers for the establishment of the company was the imbalance and unfairness in public sector tendering; frequently favouring large, more established organisations, even though other businesses, including SMEs and those with less experience of the tendering process, could offer better quality and value.
Prior to this, Kyle worked in a variety of procurement, buying and contract management roles in public sector organisations for almost 10 years, most recently Norwich City Council. This experience of writing tenders, evaluating tender submissions and ultimately awarding the contracts, gives Kyle a great insight into what buyers are looking for and hoping to receive in your submission.
About TenderHelp
TenderHelp is a market-leading bid management company, supporting companies of all sizes, in all sectors and industries, across the UK and Europe to tender for a range of public and private contracts.
Since its establishment, the team have helped thousands of companies (many SMEs) to win over £1bn worth of contracts, with a current bid/tender win rate above 75%.
First Intuition began in 2007 with a single thought – to put the learner at the centre of everything. Since then we have won awards, opened a national network of study centres and now deliver to over 7,000 students per year.
We offer courses for the following Qualifications:
AAT
ACCA
CIMA
ICAEW
CMI
We believe that every learner is different, and one-size doesn’t always fit all. We are happy to spend time with our learners to build a programme that fits in with their busy lifestyles.
With 15 study centres across the UK and online study options we can create a blend of programmes to fit in with the most demanding of lives.
The Chancellor’s recent announcement on further schemes to keep business moving in the UK and the range of support available is a great help for business. However, despite this, it is inevitable that some businesses will struggle and will need to make difficult decisions. Understanding where you stand with redundancies and what the financial implications are is imperative to survive the current economic downturn.
Join our speakers Matthew Potter and Andrew Kelsall for a webinar on the options available for businesses in the short to medium term when the Coronavirus Job Retention Scheme comes to an end on 31 October 2020.
Like the idea of investing, but not sure where to start? In this session, Financial Consultants Ralph and Emma from Face to Face Finance will give you all the lowdown so you can invest with confidence.
