Ups and downs are simply part of life – and certainly part of business. However, when a small business is struggling, it can be difficult to know what steps to take. Many businesses fail in their first few years due to mismanagement, lack of capital, or simply poor planning. Fortunately, there are steps that can …
The cost of living crisis is presenting a huge challenge to businesses across the UK. With the price of everyday essentials rising, and wages failing to keep up, many consumers are struggling to make ends meet. This is having a knock-on effect on businesses, as customers cut back on spending and turn to cheaper alternatives. …
How Your Business Can Manage the Cost of Living Crisis Read More »
They say that people are a business’ greatest asset, but if you mess up payroll regularly, your team will be less engaged and productive, and your best workers will probably jump ship. Payroll might not feel like a priority, but if you’re struggling to keep on top of payroll, it’s time to take steps to …
What To Do When You Need Help Managing Your Payroll Read More »
Accounting reports are reports that contain financial information derived from a business’ records, in order to summarise their financial status. There are many different types of accounting reports and they vary greatly in terms of purpose and comprehensiveness. Income statements, balance sheets and cash flow statements are all common types of accounting reports that you …
Due to the rising cost of living, many businesses are currently struggling with cash flow. One of the best ways to improve your cash flow is to negotiate better terms with your suppliers. However, suppliers are also feeling the pinch given the current inflation rate, so how can you negotiate better payment terms without jeopardising …
How to Negotiate Payment Terms with Your Suppliers Read More »
There’s not an entrepreneur out there who wouldn’t like to increase their profits, and reducing costs is one way to do it. But how do you go about saving money without hacking away at your operations like a madman? We’ve got eight small ways to save money in your business that can make a big …
8 Small Ways to Save Money in Your Business (that Add Up to Big Changes) Read More »
Payroll is one of the most critical, and often overlooked, aspects of running a business. It’s also one of the most complex and time-consuming tasks that a business has to deal with. There are two main options when it comes to managing payroll – in-house or outsourcing. Each option has its own pros and cons …
In House Payroll vs. Outsourcing: The Pros and Cons Read More »
Running an ecommerce business is hard, but fortunately there are a few strategies that will help make your life easier and allow you to focus on what’s most important: selling products. In this article we’ll look at six tips for running an ecommerce business and how they can be used to increase sales and improve …
Six Strategies for Ecommerce: How to Sell Online Read More »
Scaling up a business is exciting, but it’s certainly not easy. It requires careful planning, strategizing and preparation. In this article, we’ll go over some of the key differences between scaling and growth, how you can know when it’s time to scale up and what steps you should take to prepare your business for maximum …
How to Scale Up Your Business: Tips and Strategies for Success Read More »
The words “negative cash flow” certainly don’t sound like much of a cause for celebration and truthfully, they often aren’t. However, negative cash flow isn’t always a cause for concern, either, and even when it is, there are steps you can take to rectify the situation. What is Negative Cash Flow? The term “cash flow” …