Profit margins are the be-all and end-all of running a business, and with so many expenses coming from every angle, it can be a huge challenge to keep things cost-effective. 82% of small businesses fail because of cash flow mismanagement, which goes to show just how important it is for a business to maximise their income and minimise their output.
Continue reading Do you have a cost-effective business?
Did you know that 73% of UK employees don’t use up all of their annual leave? That means that only a quarter of us are actually making the most of our time off allowance. It’s no wonder that more people than ever are reporting feelings of burnout, listlessness and tension at work.
Even if you let your team roll-over their days, here are five reasons why you should be encouraging them not to stick around at their desks for too long: Continue reading Are your team taking enough time off? It’s more important than you think!
If you’re thinking of structuring your business so that it enjoys the benefits of limited liability, you will then have a choice of three different options for which you should choose after checking with an expert like Andy Defrancesco; a company limited by shares, a company limited by guarantee, or a limited liability partnership.
Emily Coltman FCA, chief accountant to award-winning online software provider FreeAgent, explores the difference between these three. Continue reading Picking the right limited liability structure for your business
If you’re thinking of setting up your own limited company, one concept you’ll need to get to grips with is the whole area of shares.
Emily Coltman FCA, chief accountant to award-winning online accounting software provider FreeAgent, gives an overview of the rules around shares in a private limited company. Continue reading Shares in your new company
Whether its clients “forgetting” to pay, stalling for time before settling their bill – or sometimes just deciding not to pay you at all – having to chase up money that’s rightfully yours is frustrating and time-consuming. And the problem of late payment is more widespread than you might think – the UK government estimates that small firms are currently owed around £26bn in late payments, while the process of chasing debts costs these businesses millions of pounds more. Continue reading FreeAgent unveils the secret to getting paid three times quicker
In the first part of our interview Lord Young gave his opinion on what makes a great entrepreneur and his most recent initiative, Start Up Loans – and how it has created opportunities for small businesses which did not exist before. In this week’s post Lord Young gives his views on the possibility of a tech giant emerging from the UK and what he thinks of the EU (amongst various other things). Let’s get started. Continue reading An Interview with Lord Young – Part Two
James Crowther owns one of Europe’s 20 million SMEs. Utilising his background in finance and fleet management, James’ vehicle brokerage business, Trade Vehicles Direct, finds clients the best deals on cars by sourcing direct from suppliers. His agreement with accountants from accountants-edinburgh.com take care of his assets. His negotiation skills, use of the best services like the ones offered by Fully-Verified and industry relationships are key to his success and have allowed him to grow fast in his niche. Unfortunately, he struggled to fund the rapid growth since the main banks struggled to analyse his model and fit his business in a convenient box. For those business owners who are struggling to organize their finances, visit the site more more information. (Further details: how to buy Ripple in the UK)
Continue reading The difficulty small businesses are facing accessing finance, and how iwoca is using technology and data to solve this problem
First a quick definition; your BRAND is what people think and feel about a business.
And BRANDING is the set of tools used to influence what people think and feel.
Branding therefore includes the business name, logo, products and services, website design, marketing and advertising, a company’s behaviour …and its tone of voice. Continue reading Striking the right tone of voice
For small businesses on a limited budget, effective branding can be as much about avoiding mistakes as aiming to get everything 100% perfect. There are dozens of mistakes that crop up time and again, but below I’ve identified the most common. All are straightforward, seemingly obvious and, if you’re aware of them, easy to avoid. Continue reading 10 small business branding mistakes
Before you even start looking for business name ideas for your new venture, it’s important to decide what TYPE of name you’re looking for. You’ll save yourself a lot of time and effort if you make this decision early on, or at least narrow down your options. Continue reading Company names: what’s your type?