September 29, 2022

Unitranche

Supportive Business Potential

5 ideas to help boost your small business

5. Explore collaborating with another business

Working with another business that’s similar to yours, but not a direct competitor, can be a way to build your business and reach new customers.

For example, independent shops could promote local cafés and fitness businesses by displaying leaflets. Or a small pub might be looking for a chef to run a pop up kitchen or takeaway service.

If you’re a yoga teacher putting on a retreat, can you collaborate with a local restaurant to provide the food? You can then promote each other’s business on social media to spread the word about your two brands.

Beyond teaming up together, here are more ways to support local businesses. While our expert guide to marketing your small business has some useful tips.

Check your insurance policy

If you’re changing anything about your business, you should contact your insurance provider to make sure your policy still meets your needs.

At Simply Business we offer a range of covers, including public liability insurance, professional indemnity insurance, and employers’ liability insurance.

We don’t currently offer pop up shop insurance or any short-term business insurance policies.

Are you going to give any of these ideas a go? Let us know how you get on in the comments section below.