If you’re looking at buying an existing business, you need to work out its true profitability and possible profitability. You need to compare the profits stated by the owner to the audited figures and look for costs which you could reduce – on property and suppliers, for example. Look for areas to “restate” (to change [...]

247 Professional Health now adds a 2 star CQC for 247Homecare to the already established CQC in 247Nursing. This is the highest available rating for a new service, and very importantly we received no recommendations or statutory requirements from the report, which is very unusual, all care homes we have researched have been very impressed [...]

Some people think ‘franchises’ are ‘businesses packages’ – they are not….. So what is a ‘business package’? There are some organisations which enable the budding entrepreneur to start in business by providing the necessary equipment, expertise or training to do so within a package. For example, you need to start a business manufacturing garden ornaments. [...]

No pay rise for ‘16 million workers‘ Sixteen million workers, or more than half the UK’s workforce, do not expect to get a pay increase this year, a survey suggests. A further nine million expect to receive a pay rise below the level of inflation, the YouGov survey found. Among those who do expect a [...]

The headwind of the downturn has created; in unprecedented numbers, an abundance of newly unemployed people. Most of these people have had very successful careers in the past and fortunately, many were smart enough to have put away sizable savings over the years. However, as months pass, many are recognising that the job search is lengthy [...]

As the population ages, an emerging trend in franchises will be those that serve these populations. Healthcare-focused franchises will gain momentum not just in 2010, but for many years down the road. We’re not just talking care homes; residential homes and nursing homes here – advances in medicine and technology will allow people to live [...]