Diversification Costs

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We have all acted on opportunities, generally through related products and services to our main business. The question is how quickly can you turn the opportunity into profit. How mature is the market you are entering ? Do we produce or outsource ? A new department will take up space (& rates , utilities) , machinery capital costs, specialist labour …

Opportunity Cost

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Definition : A benefit, profit, or value of something that must be given up to acquire or achieve something else. Every action, choice, or decision has an associated opportunity cost. It’s not just where to spend your money which building, machine, company or item to buy. More importantly, it is time and how you spend it. Whether the time you …

In the spotlight – Business Board founder Nigel Elkes

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Nigel built a group of companies to £10 million, employing close to 100 employees primarily in the now challenging sector of print and direct mail. Starting in early 1990’s from literally a ‘spare room’, Nigel built up a marketing and direct mail business and after several years bought and merged a number of companies to form the group. He created …

Cash flow shortages and how to fund them

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Running any business is not for the timid and over the last few years operating in the printing industry has been particularly testing. The list of challenges seems almost endless – the emergence of E-books and digital substitution generally, desk-top publishing which has enabled the world and his dog to produce small printing jobs (albeit of limited quality), the fact …

Business Board Director Nigel Elkes speaks up for the printing industry

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We are essentially a platform for the print and direct mail sector to engage and communicate with each other and prospective clients. Through our business directory, kit exchange, recruitment centre and consultancy services we enable our members to generate genuine business leads, buy or sell print equipment and advertise their job vacancies. We’re basically here to support and serve the …