What does the ever-rising energy prices mean for the UK SME?
What does the ever-rising energy prices mean for the UK SME?
The prospect of high inflation, how to address the UK’s eye-wetting levels of national debt and increases to the National Living Wage will only add to some of the longer-term problems businesses have faced of late. But setting aside the headwinds, how can businesses find their feet in what Chancellor Rishi Sunak has modestly described as a challenging environment?
The second batch of findings from our latest survey of UK small businesses found that 35% of SMEs plan to grow their workforce by more than 10% over the next year.
London Fashion Week (LFW) is one of the biggest dates in the global fashion calendar, bringing together 250 designers and orders worth £100 million in February and September every year.
Owning a business is arguably one of the most demanding jobs that there is and in order to continuously improve, owners are required to work hard every single day. Whether you’re thinking about setting up your own company or are already established in your market, here’s some mistakes that you should avoid making.
The 2008 recession hit small business owners particularly hard, and many banks still won’t lend to them ten years later. As a result, alternative finance options for both businesses and consumers have sprung up all over the place.
Many small businesses suffer from cash flow problems. For Construction Businesses the problem is usually encountered during payment between client and business. Below are the top 5 tips we’ve collated to help businesses within the construction and trade industry to be better equipped for 2022 and beyond.
Owning a small business can be one of the most rewarding experiences, however, the big leap into the great unknown can leave you with financial strain, no time for yourself and some serious anxiety. The more you know, the more you earn. So, let’s get down to business with our top 10 tips for you to grow your business!
If you run a small business, you probably spend a lot of time thinking about profit. How much did you make? Is it up on the previous year? What do you need to sell to increase it? These are the questions lots of small business owners will ponder – but is profit really that important?… Continue reading Is cash flow more important than profit?
The festive season is on the way, and for lots of online retailers, it’s the busiest and most crucial time of the year, especially with Brits predicted to spend £200bn over Black Friday and Christmas. To survive and thrive during this period, having a healthy cashflow for your online retail business is vital, but notoriously… Continue reading How online retailers can manage cashflow in the run up to Christmas
Until a few years ago, a green investment often entailed a sizeable capital investment. To make things worse, often things like solar panels would become obsolete too soon, making many question whether going green was a smart business investment. But now that’s all changed and going green is no longer a burden on the bottom line. With society’s environmental conscience becoming ever aware of climate break down and the… Continue reading How to clean up your business’ environmental footprint
Good cash flow management is a vital part of running any business and is key for ensuring you can pay staff salaries on time, meet current expenses, and have capital that will enable you to expand. The way in which you manage your stock inventory is a crucial part of improving cash flow. If you… Continue reading How effective inventory management can improve business cash flow
Your frequently asked questions Small business owners will, without doubt, be used to dealing with unexpected costs, operational failures or even essential income being delayed. For all these reasons and many more, cash flow is paramount. A healthy level of cash flow allows small businesses to ensure operations are maintained efficiently with no interruptions. Ultimately,… Continue reading Business Cash Flow Loans: Are they right for you?
2020 has been difficult for everyone, to say the least. Yet, several businesses and entrepreneurs have come out victorious by displaying a blend of grit and adaptability, leading them to success. Through this article, we touch upon raising capital, bookkeeping in the UK and leveraging legal assistance. 1. Businesses should show as much traction… Continue reading 7 Ways to Grow Your Business in Uncertain Times
Keeping a close eye on your finances is vital as a small business owner but understanding exactly which numbers you need to have close sight of and the differences between them can take some time to master.
The importance of working capital is often overlooked by businesses, both large and small. But getting the level of your working capital right is an important part of running a successful business and it can be the difference between going bust and growing big. What is working capital? In its simplest form, working capital is… Continue reading 6 reasons your business should pay attention to working capital
Chancellor of the Exchequer, Rishi Sunak delivered his much-anticipated Spring Budget, outlining a £65bn three-point plan focused on supporting British people and businesses, fixing the public finances and building the UK’s future economy.
It’s perhaps unsurprising that a global pandemic, national lockdowns, Brexit and a potential double-dip recession have knocked business confidence in the UK over the past 12-months. However, 2021 has started with a Brexit trade deal confirmed and the rollout of coronavirus vaccines, which seem to have contributed to a renewed sense of hope and optimism… Continue reading Business confidence and its impact on UK SMEs
In the UK, almost 60 per cent of businesses operate as sole traders, and it’s easy to see why. The set-up process is free and straightforward, helping lots of self-employed people start their business journey seamlessly. However, as your business grows, the time may come when it’s no longer the best decision, both financially and… Continue reading The Switch: Sole Trader to Ltd. Company
