Business Tips

Is Cash Flow an Issue for Your Small Business? Perhaps It’s Time to Consider Invoice Factoring

cashflow

For many small businesses, one of the trickiest things to juggle, and one of the biggest risk factors of closure, is cashflow. With ups and downs in the market, unexpected costs, and other variables having an impact, it can often be difficult to stay on top of finances. Cashflow problems can also cause many entrepreneurs to shelve their plans for expansion, or miss out on potential sales during a busy ...

Read More »

Using Social Media Is the Best Way to Pick Up New Business

Using Social Media for your business

In the old days, your advertising options were limited. You had the mediums of radio, TV, and newspapers to choose from. Advertising was frequently a very complex, messy, and costly business. You never knew how effective your ads would be because you never knew how many people would be watching TV or listening to the radio that particular day. You never knew how many people would be reading the current ...

Read More »

Is London Still the Land of Opportunity for Business?

Opportunity for Business

London is known to be one of the most expensive places to live in the UK, as well as the rest of the world. With soaring property prices and major financial companies dominating the city, it now has a reputation as being one of the major financial hubs of the world, with very few signs of slowing. Whilst some entrepreneurs are put off by the lofty prices, there are actually ...

Read More »

Why Having a Strategy for Managing Cashflow Could Save Your Small Business

Managing Cashflow

Cashflow can be one of the most challenging things in certain lines of business. If you often find yourself having to pay out for things like staff wages, materials, and overheads while waiting for customer invoices to be paid, you will know how much of a strain it can be. In the worst cases, it can leave you having to take money out of your own savings to cover business ...

Read More »

5 Essential POS Selection Tips for Retail Merchants

POS Selection Tips

Point of sale (POS) is the terminal where retail transactions end. A lot depends on the quality of the POS system. One with subpar quality causes downtime and errors, and triggers customer dissatisfaction. Retail merchants are recommended to use the best quality POS. Problem is there are plenty out there and all come with the damper of being the “best.” How to look beyond the cheapjack damper and X out ...

Read More »

Master Chef: Setting Up Your Own Business

setting up your business

Do you consider yourself a genius in the kitchen? A master chef on your own terms? Maybe it’s time to take the next step in your career and set up your very own small food business. Now could be the perfect time. With eateries like street food and niche cafés on the rise, the food industry is soaring. In fact, over 3.5 billion are now eating street food – business ...

Read More »

5 Things Your Office Needs to Prepare for the Future

your future

Your office is comprised of teams of different individuals working together towards a common goal. In order for that system to function at maximum, each person must be dedicated to performing their assigned tasks as efficiently as possible. In addition to this, establishing an amicable working environment can improve work relationships between colleagues. There are many complex factors that affect the success rates of different offices here are some things ...

Read More »

4 Things Your Accountant Should Be Doing for Your Small Business

small business accountant

Many self-employed owners attempt to handle business finances by themselves, only to discover that tasks such as preparing and filing tax returns are a costly and complicated matter. However, tax return preparation is only one way that accountants can help support small businesses. Dealing with multiple partners, complex transaction types, and various state laws create situations that can be confusing. Accordingly, over 80 percent of small businesses put their trust ...

Read More »

Keep Your Small Business Financially Healthy

cashflow

What are you doing as a small business owner to keep your company chugging along financially? For some individuals heading up small businesses, they rely on not only a savvy financial background to assist them, but also some commonsense. As an example, having a rotating door of employees can be a buzz-killer (especially financially) for many smaller companies. Unlike some of the bigger businesses where money may not be quite ...

Read More »

Hiring Your First Employees? Here’s What They Should Be Doing

employees

When you start your first business, you end up wearing multiple hats out of necessity. Lacking the financial resources to hire help, you are forced to embrace this reality, but after attaining a certain level of success, not only will you be able to bring people aboard, it will be necessary in order to scale it beyond a certain point. When you begin searching for employees, here’s what you should ...

Read More »