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 …
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 »
As we edge ever closer towards a completely cashless society, credit cards are becoming more and more necessary. Business credit cards are also enormously helpful for bookkeeping, payment protection and emergency funds. So long as you manage your account well, a business credit card can really help you to manage your cash flow more effectively …
How a Business Credit Card Can Help You to Better Manage Cash Flow Read More »
Most entrepreneurs are all too familiar with the rather depressing failure rate of startup businesses; research by Investopedia found that 50% fail by their fifth year. The same study found that one of the top reasons for this was that money simply ran out. In order to protect your startup, you need to keep a …
Here’s How to Stop Burning Through Your Startup Budget! Read More »
Choosing a great accountant is one of the best investments you can make for your business. A quality accountant can do much more than save you money on your tax bill – although of course, that’s important too. A professional accountant is a strategic business partner who can provide shrewd insight into your financial situation …
How to Choose the Right Accountant to Invest In. Read More »
There are very few people who would consider an economic downturn to be good news, but tough economic times are particularly difficult for startup business owners. Unlike well-established businesses, startups lack coping mechanisms and support systems; the safety net is much thinner. However, hard times don’t have to prove fatal to your startup business. If …
How to Protect Your Startup During Tough Economic Times Read More »
Maintaining a productive relationship with your customers can go a long way in boosting your profit. Updating your offer will significantly contribute to that goal. After its initial success, your business can take steps to drive more sales and attract new customers. From improving your offer to creating a loyal customer base, here are five …
Making More Profit From Your Client – The Five Techniques You Can Try Read More »
It’s the age-old debate: cash flow or profit? Whilst the two are undoubtedly related, they are certainly not the same thing and business owners must often sacrifice one at the expense of the other. In the long term, a business needs both positive cash flow and profits to continue operation, but which one should entrepreneurs …
Cash Flow vs Profit: What’s the Difference and Which is More Important? Read More »
As a small business owner, you always have a million-and-one things to think about. It can be difficult to stay on top of the numbers and know which ones matter when it comes to the financial health of your business. However, it’s essential that you know whether you’re operating at a profit or not. Burying …
How to Work Out Whether Your Small Business Is Profitable Or Not Read More »