Profitability: What it really means
As small business owners we measure the success of our business is many ways. Through feedback, client retainment, goal achievements and financially. One way of measuring a business’ success is to measure its profitability. Profitability measures the ability of a business to generate more total revenue than total expenses. This information can be used alongside […]
How stress affects small business owners and how to manage it
Starting a small business is perhaps one of the most stressful things that we can do. Even if you’re an expert in your field, facing ongoing stress in business can make it extremely difficult for us to function at our peak. As a small business owner, you’re constantly facing stress because you’re constantly making decisions […]
How to get your business financially ready for growth?
When you are on the cusp of growing your small business, it is important to consider the financial implications and current financial position of your business. Here are our top 5 tips on how to get your business financially ready for your next steps: Get your business plan ready. A business plan shows you where […]
Is your business ready to grow?
The idea of growing your business is exciting! Growth of your business means increasing the number of products or services, customers/clients or sales of your company. Alternatively, it could mean a move to a larger office or shop. By growing your business you are allowing your company to have a larger client base, therefore leading […]
Common Bookkeeping mistakes
Every tax season we come across a range of bookkeeping techniques; from the organised professional to just downright mess! It’s really important to have your accounts in order; not only to make it easier for you to keep an eye on what you do, but also to make the accounting process simpler and cheaper! So […]
In the construction industry? Find out about the CIS Reverse VAT Charge.
The UK Government have introduced changes to existing VAT rules in order to tackle the increase in fraud. The changes are set to impact the cash flow of over 100,000 UK businesses in the construction sector. Many businesses covered by the Construction Industry Scheme (CIS) now have to ensure they know about the new domestic […]
Healthy spending habits for the New Year
Let’s kick off 2021 with healthy spending habits. Here are our top 5 tips to start the new year how we mean to go on; financially free and positive. Improve your credit card education We did a blog on making sure your children are educated on credit card spending (click here to read it if […]
