Blog

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,...

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...

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...

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...

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...

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...