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The three basic skills behind innovation.
At Lovetts we can provide businesses in the Hatfield 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 Hatfield area and are looking for support and help from experienced accountants and business advisers, contact Lovetts.
The government has expanded its Future Fund scheme, which aims to support start-up businesses not eligible for other coronavirus (COVID-19) rescue measures.
The number of workers now furloughed under the Coronavirus Job Retention Scheme (CJRS) has risen to 9.3 million, according to the latest figures from the Treasury.
Businesses have been told to stay vigilant against the rise in impersonation fraud during the coronavirus pandemic, by trade credit insurer Atradius.