You are using an outdated browser. Upgrade your browser today for a better experience of this site and many others.
The three basic skills behind innovation.
At Simpson Wreford LLP we can provide businesses in the Royal Arsenal area with support and advice on a wide range of business issues. Here are some thoughts on business innovation...
It is often said that the driving force behind continuous improvement in a business is innovation.
Innovation requires three basic skills:
One of the most significant trends to emerge in the marketplace in recent years is that of increased time pressures combining with greater spending power among the working population. In other words, people are increasingly cash-rich, but time-poor.
Here are some examples of the way the retail sector has adapted to meet these new needs:
It is not difficult to see how these principles can be applied to other sectors - the key point is to stay in touch with your market and be flexible enough to adapt to its needs.
If you are in the Royal Arsenal area and are looking for support and help from experienced accountants and business advisers, contact Simpson Wreford LLP.
17 Sep 2021
Adopting a tax year which is either aligned with the calendar year or with a calendar month-end would have clear benefits, according to a review from the Office of Tax Simplification (OTS).
16 Sep 2021
A survey carried out by the Federation of Small Businesses (FSB) has suggested that the UK unemployment rate could rise by 50,000 as a result of the increase in national insurance contributions (NICs) for employers, sole traders and employees.
15 Sep 2021
Inflation rose to 3.2% last month from 2% in July ? its largest ever recorded increase, according to the Office for National Statistics (ONS).
14 Sep 2021
The UK government faces big choices this autumn if it wants to stimulate economic growth, the Confederation of British Industry (CBI) has said.
13 Sep 2021
HMRC is urging young people to check if they have a Child Trust Fund (CTF) account.
10 Sep 2021
At the end of July, 1.6 million people were still on furlough, the lowest level since the start of the pandemic and 340,000 fewer than a month earlier.
09 Sep 2021
HM Treasury has announced that Chancellor Rishi Sunak will deliver the Autumn 2021 Budget on Wednesday 27 October.
08 Sep 2021
Business groups have warned that the government's plan to raise national insurance contributions (NICs) and add a surcharge to dividend income will hamper the economic recovery.
Get in touch with us today for a free consultation.