Business growth and development

Keeping your business dynamic and forward-looking is not just a matter of chasing new customers. It involves every aspect of the business operation, from marketing to product development, from administration to training, from financial management to creative thinking.

The government has long encouraged firms to be innovative. Knowledge Transfer Partnerships (KTPs), for example, were set up to enable firms of all sizes and across all industry sectors to share in the skills, expertise and know-how of the UK's universities and colleges.
Is your business a dynamic enterprise set on growth, or has it lost its impetus and gone senile? Understanding the difference between a growing business and an ageing business can help you keep your firm on course for growth.
Growth is not, as many believe, the only criterion of success in business. Indeed, it is perfectly possible to remain a small business and still be successful.
Strange as it might seem, impressive sales figures and even improved short-term profits do not necessarily indicate ongoing success for a business.
In the pursuit of improved profitability you might be forgiven for thinking that any kind of growth is desirable, but in reality there are two types of growth - healthy growth and unhealthy growth.
Intellectual property can form an important and valuable part of a firm's assets.