News

June 30th, 2020

Seeking silver linings

With all the negativity that is going on in the world, how can you seek the silver linings?

June 9th, 2020

Lead by Example

We take a quick look at the the main characterstics needed to be a successful leader. Perhaps you could be making more informed decisions to grant your business sucess...

February 11th, 2020

Pendleton Keynotes National Business Growth Show in Birmingham

We are delighted that our founder, award Winning Serial Entrepreneur and Business Growth Expert Rob Pendleton accepted an invitation to deliver a Keynote speech at the National Business Growth Show in Birmingham on the 12th of March 2020...

January 22nd, 2020

Pendleton partnering Stephens Scown and PKF Francis Clark

We are delighted to announce our collaboration with law firm, Stephens Scown and accountants PKF Francis Clark, through which we will be running a series of exclusive invitation only breakfast meetings for business owners in the South West...

December 18th, 2019

Pendleton Keynote at Cornwall Council Business Events

We are excited to announce our partnership with Cornwall Council's, Business Regulatory Support Service, teaching businesses across Cornwall at a series of live events around the county, starting on 16th January in Truro...

November 20th, 2019

Pendleton Growth Award 2019 - Devon

At Pendleton, we think growing businesses should be shouted about from the rooftops, so we have spent some time researching the Devon market to find those businesses that stood out over the past 12 months! Find out who the 2019 winners are here...

October 19th, 2019

Pendleton Growth Award 2019 - Bristol

At Pendleton, we love to celebrate businesses that flourish and grow, and so have spent some time researching the Bristol market to find those businesses that stood out over the past 12 months! Find out who the 2019 winners are here...

September 20th, 2019

Pendleton Growth Award 2019 - Cornwall

As a guaranteed growth firm, we believe that it’s essential to celebrate success and that’s why we have created the Pendleton Growth Award. We analysed the public accounts of Cornish businesses with at least £250k of turnover and ranked the ten fastest growing in our report. Find out who the 2019 winners are here...

May 24th, 2019

An EA's thoughts on the Grow modules

To Grow your business, your Sales and Revenue processes need to be a well-oiled machine, to convert customers from leads, with healthy margins and repeat business. Pendleton’s #GuaranteedBusinessGrowth approach helps clients understand this process.

April 29th, 2019

Why you need to work with Rob Pendleton?

How fast would your business grow if you had an award-winning SME entrepreneur and world-leading growth expert as your new Strategy Director? Rob Pendleton even comes with #GuaranteedBusinessGrowth for just £12k pa.

March 20th, 2019

Growth, whatever stage your business is in!

#GuaranteedBusinessGrowth, whether you’re consolidating, growing or enjoying your flourishing business – at Pendleton, if you show commitment and dedication to our process, we guarantee you’ll grow.

What your business needs to do if we see a period of significant inflation!

May 12th, 2020

Covid-19 has thrown normality out of the window and, with it, many of the long held views on how to do things and what is important.

The UK economy is definitely not in a place of “business as usual” and the best businesses now have to think hard and pinpoint what this means for them. One of the things that we could see coming out of the Covid-19 crisis is a bit, or a lot, of inflation.

So let’s look at this for a moment!

Inflation happens as a result of an increase in demand for goods and services, or a reduction in supply. We may see an increased demand in some goods as businesses open again, people begin to buy and the economy restarts. On the supply side, we are already seeing a shortage of some goods e.g hand sanitiser, with inflated prices already coming through. A combination of both these things therefore has the potential to take us into a period of higher inflation.

The good news is that inflation and business growth normally go hand in hand. If you assume constant demand, increasing your prices will mean an increase in your income. The flip side however is that you would expect other businesses to do the same and so there is normally also a corresponding increase in costs. If business owners can manage their price increases faster than the cost increases, however, then the net effect is positive. The game is therefore to increased your prices before your suppliers do, without reducing demand and sales.

A period of modest inflation, if managed well, can therefore be a good thing and give your a business a boost. A period of very high inflation, or hyperinflation, is not so good and can be damaging to the economy as the value of money becomes smaller and smaller.

Cash is deflated in period of high inflation so any cash in the business starts to lose value quickly and is definitely not “King”!

To summarise, the key action is to be aware of the risks, have a view, make changes to prices where needed and move before the competition and your suppliers. Look at any large cash reserves and, if inflation starts to look racy, consider ways to reduce your cash balances.

The GROW - Spend module of our Business Waterwheel™ looks at pricing. When did you last review your prices? Maybe it’s time to look at that now.

For more information about this and other important business issues please get in touch on the contact details below. We are ready to help!

Thanks,

Rob and the Pendleton team!