Invest to Impress: A creative approach to growing your business
Hospitality businesses need to stay a step ahead of the competition if they are to thrive, particularly in these testing economic times.
Those operators who move quickly to innovate and invest are more likely to prosper and maximise opportunities to profit. It is telling that when we asked hospitality businesses how they would spend £10,000 on their business most of them identified modernisation and refurbishment as their priorities.
Smartening up your premises, upgrading equipment or buying stock in bulk can all help to improve your image and promote profits. But in a sector where success hinges on reacting quickly to trends and changing consumer tastes, it's important that the cash is available to invest at the right time.
So at a time when banks are less inclined to lend, it's worth knowing that there are other options available that can unlock the investment to refresh your business and boost your bank balance.
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