Running a business provides many challenges, especially as you start to develop and grow your company. As the venture expands, you will face new trials that require different solutions, which can lead to avoidable errors. Finance is especially important during Read more
Category Archives: Budgeting
Three ways to keep abreast of overheads
Overheads are the largest expense of most small businesses and can easily spiral out of control. This can soon have a negative impact on the business’ viability. The simplest way to increase your company’s profitability is to reduce the cost of overheads, where possible. However, maintaining control over this portion of the finances will avoid any Read more
Four tips for SMEs to keep their start-up costs low
When you launch a new company, it is easy to allow costs to spiral out of control. Before you know it, the business is in trouble and at risk of failing. Although there are some Read more
Three biggest hurdles of the credit control process
A business will ideally only provide credit to those clients who have the ability to pay in a timely manner. Good credit control will increase revenues by ensuring that credit is only given to those who are considered to offer little risk, while clients who Read more
Three tips to keeping your business lean in 2015
When you start a new business, much of the finance is spoken for and used to produce the first round of products or services. The initial costs of overheads can take a large chunk out of your coffers, and you can soon find yourself struggling to make ends meet. In order to expand the Read more
Three barriers to punctual tax form completion
Missed tax deadlines result in chasing from HMRC and potential financial penalties, so why is it that so many businesspeople fail to Read more
Cutting the costs of plant and machinery
It’s easy to think of machinery, plant and tools as artifacts that only affect industrial and practical businesses. Though construction workers and labourers may have the greatest need for it, there is no business in which such essentials as light fittings and pipework aren’t required. It’s therefore important to stop and think about how much you are Read more
Four key factors of working capital management
Working capital management can be a complex field, but it simply can’t be ignored and is perhaps best broken down into individual segments. By taking control of each of these, you can make sure that you stay a step ahead of your competitors by making the most of Read more
Five ways to avoid a false sense of security
Business owners have the importance of profit drilled into them from the moment they come up with their idea, but it’s not the be all and end all of entrepreneurial success.
Often, businesses fold simply because they Read more
Tips on avoiding a bleak midwinter
The arrival of September means many things in business. For those that work closely with education providers, it’s the start of a new academic year, while the end of the month is also the cut-off for companies looking to Read more