When you need to find business funding fast, what are your options and what are the quickest ways for you to secure more finance? We talk you through the most viable fast funding options for SMEs who need finance in a hurry, and include practical tips on how to ensure your funding application goes as […]
The area of tax for small businesses is not straightforward, in fact it can be a real minefield for the unwary. However, if you take a little time, and work with your accountant, it’s usually possible to find ways to save some tax. To help you think about ways you and your business could pay […]
Most business cards are about as much use as a scrap of paper with a name and number scribbled on it. That’s fine if you are looking for a date, but not so good for showcasing your business. With a little thought, however, it’s easy to create a business card that packs a real promotional […]
“Let me tell you a story.” These are six very powerful words. Six powerful words which immediately invoke curiosity and anticipation. Six powerful words from which multi-billion-dollar industries have been built. Beyond film, TV and books, storytelling has become an intentional tool in many of the most successful organisations. How can you use it in […]
You’ve done your market research, you’ve got a solid business plan, you’ve registered your company and pulled together funding, suppliers and everything else you need to start your new business. You’re ready to trade – you just need some customers. However, not all customers are created equal; some are a delight to deal with, while […]
Equity crowdfunding requires a lot of preparation, which means business owners have to find some significant time ahead of a campaign. And after putting weeks of effort, it can be devastating to see a lacklustre response from the crowd. So, if your crowdfunding campaign isn’t going to plan, here are the steps you should take […]
There are lots of things to think about if you’re considering taking out a business loan. The UK’s business lending market includes a wide range of providers offering subtly different types of business loans. If your business needs to borrow money, here are some of the key considerations you need to bear in mind when […]
The Summer is half over but British weather means that you’re never actually sure when the warm weather will come and go. Summer holidays can cause staffing problems for small businesses, so we asked Gary Young of Equinox to share some ways you can use technology smartly to keep staff and customers happy when the […]
If you are dealing with a new customer or supplier and want to check whether the VAT registration number (VRN) they have supplied is valid, there are two ways you can do so. One method is to call the HMRC VAT Helpline, the other is to use the online VAT Information Exchange System (VIES) run […]
Delegation should be easy to do, or so you might think, however it can be very challenging in certain situations particularly for owners of small businesses. As a business owner with a very small team, I have found it can be even harder to let go. It’s my baby.
Small business accounting software has changed massively in recent years. Thankfully, the advent of cloud computing has consigned the days of buying book-keeping software in a box and installing it on your own computer to history.
There’s no denying telecommunications play an important role for businesses. Your telecoms facilitate interaction between you and your customers, as well as keeping your employees connected. So, when it comes to your telephone infrastructure, you want to make sure it’s strong and stress-free.
“Put that coffee down. Coffee’s for closers only”. Alec Baldwin delivered this iconic line in the movie Glengarry Glen Ross. It may sound harsh but that is the reality. Pitching an idea and closing a deal can be a nerve-wracking process. Even successful business greats like Richard Branson found the skill of pitching hard to […]
A productive business is a profitable business. A simple, but very true statement. But, according to a Close Brothers report (PDF), the UK lags behind the rest of the G7 countries by 16%. So what is holding back productivity, and what can British businesses do to become more productive?
If you run a business and you’ve never switched to a new energy contract, you could be paying as much as 40% more than you need to for gas and electricity. A recent study carried out by the Competition and Markets Authority (CMA) found that a staggering £7 billion is being wasted by small and […]
9 out of 10 company car drivers in the UK admit to having submitted inaccurate mileage claims in the past, according to a recent survey by Flexed. Inaccurate mileage claims can cost businesses in inflated expenses claims and also bring the potential for fines from HMRC. So how can businesses ensure mileage records are accurate?
We can all learn from studying successful business people. How do some individuals seem to have the knack of succeeding? Are they lucky, or do they have certain skills or traits that help them to achieve? Paul Bassi CBE, a successful business owner himself, looks at what successful entrepreneurs have in common.
Small businesses have a tougher time than their larger and better-established competitors. Unlike the big brands, who enjoy plentiful resources and instant recognition in their industry, SMEs have plenty of hurdles to overcome, so we asked Craig Sams and William Fugard, co-founders of Gusto Organic drinks to share what they have learned from launching Gusto, […]
Entrepreneurship is on the rise in the UK, and one of the first decisions you will need to make when starting a business is where to locate your venture. Even today, the era of the digital nomad, the place you choose to set up shop – figuratively or literally – can have an effect on […]
If your business has a physical presence of any kind, or you exhibit or attend branded events, it’s imperative to invest in quality business signage that stands out from the crowd. The right signage and logo design will help build brand recognition, both offline and online, and ultimately increase footfall and conversions.
A lot of small businesses start using Google AdWords in the hope that it will help them increase sales with small investment. This isn’t true. Yes, AdWords can help you increase sales but only with the right investment. To get the return on investment you’re hoping for, you will need to set up your account […]
If you need finance for your business, one route you can take is a business loan. Business loans now come in a wide variety of shapes and sizes, so you’ll need to choose the loan that’s best suited to your situation. One of the main options you’ll have is whether to take out a secured, […]
You have a small business and you want to keep costs low including book keeping and accountancy fees. But gradually those pesky invoices and receipts begin to take up your evenings and weekends. So we asked Jonathan Amponsah CTA FCCA, of The Tax Guys, to reveal how you can save time and money on preparing […]
As a business owner, it’s likely that you struggle to find time to do the performance appraisals for your team. You are not the only one. Surveys have indicated that owners and managers hate doing performance reviews and as many as 58% think it is a waste of time.
While cyberattacks on companies that are household names are often highly publicised and reported on, attacks on small businesses often go unnoticed by the media despite accounting for 43% of targeted attacks. These attacks might not hit the front page, but they are having a significant impact on small businesses across the globe.
All workers are entitled to receive a minimum of 5.6 weeks’ paid annual leave. Whilst this is a benefit for staff, employers can find themselves struggling to manage staff holidays around their business needs. To help make sure your business runs smoothly, here is an overview of how to successfully manage staff holidays.
When you are running a business, it can often feel as though your margins are being squeezed year after year. Seeing the costs of your supplies, subscriptions and other essentials rising while the prices you charge are being forced down is an understandable cause for frustration.
In the latest results from the Which? annual survey of the ‘best and worst energy suppliers’ survey, smaller suppliers come out well on top, while the Big Six languish at the foot of the table. But, given the recent spate of small energy suppliers going to the wall, is it safe to switch to a […]
Remortgaging is a popular way to save money on your mortgage – with lower rates available to those that switch. Introductory rates are often available for the first few years of your mortgage deal, but once you get to year 3 or 5, the standard variable rate (SVR) kicks in.
If you need an injection of cash for your business, there are now many different and increasingly flexible alternative finance products available to suit your unique requirements. One of the more recent and most innovative among them is the merchant cash advance. So what exactly is a merchant cash advance, and is it a suitable […]
We are living in an exciting time… a time where technological changes are booming. And with change comes the opportunity for new products and services, and for new businesses to fulfil new needs.
Whatever stage of growth your business is in, there may come a time when you need a fresh injection of cash and you are faced with the uncomfortable prospect of signing a Personal Guarantee.
In April 2020 the Parental Bereavement (Pay and Leave) Act, is due to come into force. This will place legal requirements on businesses to give employees who have suffered a bereavement time off work so we asked HR Consultant, Kirsten Cluer, to explain what businesses should do to prepare for the new legislation.
Virtually every business now relies on technology to trade successfully so need to invest in the right technology. For large businesses, this is rarely an issue, but for early stage and small businesses, these can be big decisions and the wrong ones can cause real problems. This guide aims to help you make the right […]
Even in an age of digital marketing, the use of direct mail as a way of attracting and converting new customers as well as touching base with previous clients remains a tried and tested technique. However, if you make any of these common direct mail mistakes, you will almost certainly be wasting time, paper, ink […]
Making Tax Digital (MTD) is arguably the biggest change to the UK’s tax system for a generation, so here’s a quick walkthrough of what MTD means for small businesses, together with five practical steps to help you tackle the changes.
Equity crowdfunding has flourished as a key form of alternative finance for early and growth stage businesses. It’s become a great alternative to bank loans and other traditional funding sources, allowing entrepreneurs to engage a crowd of passionate investors for financial backing. However, the popularity of equity crowdfunding has left platforms, like Crowdcube and Seedrs, […]
For some people, power (and therefore impact) sits in symbols of power such as a corner office, a nice company car or an executive assistant. Symbols can, at times, play an impactful role but real and lasting impact is so much bigger than that. It’s how you conduct yourself, your actions and behaviours, that will […]