Understand & Reduce Your Operating Costs
One of the biggest financial challenges faced by small businesses is operating expenses. According to Semrush, 66% of small businesses face financial challenges, with 43% claiming the most prominent challenge is paying operating expenses. Operating expenses cover labour costs, employee benefits, insurances, necessary tools etc. With 2020 proving to be too much for some small […]
Cash Flow Problems? Consider These Tips
Cash flow is the number one reason businesses fail. If you’re in this tough position you’re not alone and we’re here to help you get back on top. We’ll outline likely causes of cash flow problems as well as tips to help you deal with them. What went wrong? Asking this simple question to better […]
Employee vs Contractor – Which is Right for Your Business?
If you’re new to employing a team (even if you’re not, but you’re not 100% clear) thinking about the difference between a contractor and an employee can be confusing. Furthermore, there are some well established myths that are misleading at the very least. Even though it can be confusing, it’s important to be clear about […]
New Business Registrations
There are many things to consider when starting your own business and while it can be a very exciting time, it can also be quite daunting without sound advice. The legalities need to be carefully understood and this is where a good accountant will be your best friend and advisor. Business registrations can take various […]
How to Keep Electronic Records
Keeping great records is important for every business. It’s tied to legal and tax obligations, but it also allows you to keep track of how your business is performing. In this article we’re going to explore the pros and cons of using an electronic record-keeping system, and what you should consider when choosing one. What […]
How to set and reach achievable goals
2020 has been a year of challenges, but also a year of rethinking. There’s no doubt that lots of new ideas may have passed through your mind. Whether it was rethinking your work-life balance, saving money, or shifting towards a new business plan, there are many ways in which you may have dreamed up new […]
How to make your business stand out
Let’s face it. The market is saturated with products and services of all kinds. Whether it is a new technology, fashion or new yoghurt brand, it is hard to find something that hasn’t been invented or seen before. And this when the value becomes critical. The value proposition is something that sets you apart from the rest. […]
The power of a 1-page business plan
A new business idea has sparked in your head, and you are ready to move forward? Or perhaps you have been running your business for a while and thinking of progressing to a different stage? Having a clear direction supported by exact steps is crucial for any business. And that is the exact job of […]
Record-Keeping Requirements for Business
The start of the financial year is a great time to review and understand the requirements of record-keeping for business. If you can stay on top of your record-keeping throughout the year, you’ll have less of a headache come tax time next year. Not only that, but sound record-keeping in your business will enable better […]
What Grants are Available for Businesses?
Over the past few months, there have been a range of funds and grants made available for businesses to help with the fallout of COVID-19. While some of these have closed, we’ve researched a few other avenues that may be of interest, if you’re looking for support to help you weather the storm. Indeed, the […]
