By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Start Your Business Magazine
  • Topics

    Grow, expand and leverage your business..

    Grow your start up business with our experts and industry insiders…

    Get Started

    Quick Links

    • Finance
    • Marketing
    • Technology
    • Business Books
    • Wellness
    • Interviews
    • Franchise

    Our Newsletters

    Our website stores cookies on your computer. They allow us to remember you and help personalise your experience with our site..

    Read our privacy policy for more information.
  • Trending
    TrendingShow More
    Communicate Better
    Start Your Business Start Your Business
    Majority of UK Employees Looking for a New Job
    Start Your Business Start Your Business
  • How To
    How ToShow More
    Tips for Running a Restaurant in the Most Efficient Way Possible
    Start Your Business Start Your Business
    Becoming self employed…
    Start Your Business Start Your Business
    Vet Start up
    Start Your Business Start Your Business
    Builder’s Growth
    Start Your Business Start Your Business
    Market for Construction
    Start Your Business Start Your Business
  • Agenda
    AgendaShow More
    The Great Resignation or Quiet Quitting
    Start Your Business Start Your Business
    Employee Support
    Start Your Business Start Your Business
    Teamwork
    Start Your Business Start Your Business
    Office Environment
    Start Your Business Start Your Business
    Health & Benefits
    Start Your Business Start Your Business
Reading: Upscaling
Connect
Start Your Business MagazineStart Your Business Magazine
Aa
  • Contact
  • Blog
Search
  • Agenda
  • Blog
  • Finance
  • Growing
  • Marketing
  • Opportunity
  • Starting Up
  • Technology
  • Wellbeing
  • Contact
Have an existing account? Sign In
Follow US
  • RSS
  • Terms And Conditions
  • Privacy Policy
  • Contact
  • Licensing
Copyright © 2014-2023 Ruby Theme Ltd. All Rights Reserved.

Upscaling

Start Your Business
Growing
Share
5 Min Read

6 Effective Ways To Successfully Upscale Your Business

As the UK moves forward from lockdown restrictions many businesses are starting to capitalize on the resurging economy, growing their businesses to increase profit they may have lost out on over the past year. Additionally, one in five Brits are planning to start a business by the end of 2021, making the current market extremely competitive.

The team at private and commercial banking firm, Arbuthnot Latham have provided a guide for both new and old entrepreneurs with top tips on how to successfully grow your business.

1. Be prepared for growth: Although this step can be dauting at first, it is a vital step forward to getting results you aim to achieve, staying true to your values while remembering the reason you started the business can make this step feel less exhilarating.

“The entrepreneurial ecosystem is full of networking events, mentors, advisors, and peers who have been through – or are going through – this transition. Having the right people around, both in and outside your company, will make a stark difference. Identify efficiencies in the business, including areas you can automate, which will help you spend time on the areas which need your attention the most.  Paul Beach, Director of Private Banking and Head of Executives and Entrepreneurs,

2. Find the right team to help your business to thrive: Making an honest assessment of the barriers to growth for your business is key in deciding who to bring in to help you achieve your goals.

“It is important to be honest about your skills and qualities, as those qualities enabled the business to grow at the outset. These skills may have protected the business during the last 18 months; however, they may not be what is required to take the business to the next level. . Bringing in a new managing director, allows the business to re-assess and get set for growth.” Rob Stapledon, Head of Media Banking,

3. Securing the right funding for you: This step is fundamental when looking to grow your business.

“Business owners are now starting to see an increase in sales with many companies now in danger of overtrading from a relatively low base, which means working capital is now more critical than ever.” Andrew Rutherford, Commercial Director

4. Invest in marketing: Marketing is one of the best ways to increase brand awareness, reaching more customers and allows business owners to gain a better insight into their audience and the industry.

“Clearly defined objectives and integrating traditional and digital marketing can help drive revenues. Today, it is not enough to blanket email customers, but there is a real need to understand different customers and target them with appropriate communications, whether through email marketing or using other digital/traditional channels” Virginie Dafforn-Gorgemans, Marketing Director

5. Being tax efficient: There are many ways to structure your finances to increase tax efficiency. It is important to structure your assets tax-efficiently when you’re a high-net-worth individual as better tax efficiency helps you to protect and grow your wealth while enabling for better investment returns.

The use of relevant tax allowances and exemptions can make all the difference in achieving personal financial objectives.

6. Business protection – Ensure your business is ready for the future by having business protection in place, this works by providing a financial cushion when you need it most.

That cushion may be used to settle debts, replace profits, cover recruitment costs, or provide benefits to your employees or their families. It may even ensure you maintain control of your business in the event of a shareholder passing away.

About Arbuthnot Latham 

Arbuthnot Latham & Co., Limited whose business was established in 1833, is the London-based private banking, commercial banking and wealth management arm of the Arbuthnot Banking Group PLC, with regional offices in Manchester, Bristol and Exeter and an international branch in Dubai. 

Arbuthnot Latham aims to provide a comprehensive approach to private banking, commercial banking and wealth management with its four core services; Private Banking; Commercial Banking; Wealth Planning and Investment Management. 

 

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Start Your Business September 7, 2021
Share this Article
Twitter LinkedIn Reddit Email Copy Link
  • RSS
  • Terms And Conditions
  • Privacy Policy
  • Contact
  • Licensing

Get the latest from us delivered straight to your inbox

Start Your Business Magazine: The Ultimate Business Start Up Guide provides information advice and guidance for entrepreneurs and new business start ups. Get the latest from us delivered directly to your inbox.

Our website stores cookies on your computer. They allow us to remember you and help personalize your experience with our site..

Read our privacy policy for more information.

Copyright 2023 Gambit Interactive Media Limited – All Rights Reserved.

Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
View preferences
{title} {title} {title}
Join Us!

Sign up to our free newsletter and never miss a hot topic!

Zero spam, Unsubscribe at any time.
Go to mobile version
Welcome Back!

Sign in to your account

Lost your password?