Dealing with risk is an inherent aspect of business management. The way you prepare for risk is the most important factor in determining the longevity of your enterprise. Businesses of all sizes have
1. Build credibility quickly Why should people buy from a new business? Your first challenge is to overcome their doubts by building trust and credibility quickly. Some tips: Promote your skills and experience,
Very few small businesses have a huge marketing budget to work with. Fortunately, there are a number of simple, free, and low-cost ways to get the word out about your company that are
When you’re a small business owner, you get used to people giving you advice. Sometimes you seek out their insights while other times they share whether you want them to or not. While
Many small business owners tend to handle their own accounting and bookkeeping, especially when they’ve just started out. However, keeping track of the finance-side of the business– everything from income to expenses to
The statement of cash flows, (also known as the cash flow statement), shows how your business has generated and used cash (and cash equivalents) within a specific time period. For each of the
It’s a shocking truth, especially for new restaurateurs: Food and labour costs usually range between 62%-68% for every pound in revenue, with profits only reaching between 2%-6%. With razor-thin profit margins, restaurants can’t
Not Filing tax returns to HMRC At time we have observed that people get themselves registered for self employment for one reason or another without realising that it becomes compulsory for them to
Mary runs a small beauty salon in east London with a small team, offering first class hair, beauty, grooming and aesthetic treatments . As the business started to grow, Mary had neglected the financial
On the off chance that you are bootstrapping, or beginning an independent venture on a constrained spending plan, you have presumably invested some energy attempting to make sense of where you can cut
Whether you are starting your own business or looking for a new accountant, the search can be frustrating.After all, when it comes to handling money, you need someone that you can trust. Experience
There are over 340,000 accountants in London today. Have you considered hiring an accountant to help your business? If so, how do you know you’re making the right choice, and how can you
The human brain is a magnificent organ, capable of storing an estimated 2.5 petabytes. Petabytes are bigger than gigabytes. Yet, no person can remember everything–especially when it comes to tax laws and how
