The one issue that consistently concerns SMEs is cash flow. Uncertainty about the UK’s political and economic future may hamper growth, as will lack of confidence generally, but cash flow is always a pressing problem. A working capital survey last year found that over 50% of UK SMEs found experiencing cash flow problems to be […]
From the recruitment process to the employee’s first day of work, how long does it take for this process to put a new staff member in your office? How long from that day does it take to complete effective onboarding? Some claim that the longer this period of time is, the more money your business […]
Cash flow problems If your business is struggling then you’ll no doubt want to do everything in your power to save it. One of the most common reasons that a business gets into trouble, and ultimately fails, is due to cash flow problems. Research from Barclaycard has revealed that “cash flow concerns keep 63% of small business […]
VAT, or value added tax, is a tax that is added to the value of goods or services sold in the UK and can be charged on items such as: Business sales – when you sell goods or services. Hiring or loaning goods. Selling business assets. Commission. Items sold to staff such as canteen meals. […]
There’s no avoiding the internet. No matter what industry you’re operating in, every business can benefit from getting online. Google processes over 40,000 searches every second, which means there are plenty of opportunities to get your business in front of potential customers. Existing customers can also benefit from being able to review your company, refer […]
While running a small business might mean that you’re working with a small budget, this isn’t a good reason to do away with planning. It might seem like a waste of time to be budgeting while you’re still growing your business, but it can help you to spot opportunities and navigate threats. Budgeting is a […]
With 2017 coming to a close, it’s time to buy a new calendar and start planning for the year ahead. Although 2017 may have been dominated by talks of a deal or no deal Brexit, small business owners remain optimistic. Before we ring in the New Year, let’s have a quick glance at the Caunce […]
