Blog - page 5

How to Bootstrap Your Start-Up Business

How to Bootstrap Your Start-Up Business

When you’re starting a business, it doesn’t matter what sector you’re in; the chances are that you’re going to have to spend a bit of money to get things up and running. It’s a pivotal time, and the decisions you make around how you spend your starting capital can have a lasting impact on the success of your business.

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Designation confirmed! The start of a new journey for the ABF platform

Designation confirmed! The start of a new journey for the ABF platform

Around the middle of May this year (2017) officials from HM Treasury contacted me and asked for a quick chat. This was to be the final confirmation of a successful outcome to a Clifton project that dates all the way back to a Downing Street conference in 2013.

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Advice re: Payment Terms

Advice re: Payment Terms

Having both an accurate cash flow forecast and financial records that are kept up to date by a bookkeeper can greatly help to protect a business from finding itself running out of immediate funds.

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The pitfalls of payroll

The pitfalls of payroll

Payroll is becoming an increasingly complex process. Unless your business has no choice as regards whether or not it should manage its payroll ‘in-house’, consideration should be given and a decision made as regards potentially outsourcing this important function.

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Why business owners need to prepare for cheque system shake-up

Why business owners need to prepare for cheque system shake-up

October 2017 will see one of the biggest shake ups to the English banking system in years, as the laborious cheque clearing system is forced to acknowledge 21st century technology.

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Essential skills to successfully start and run a business

Essential skills to successfully start and run a business

Running a business is pretty different to most other career paths that you could embark upon. It requires you to have a broad range of skills across a number of different areas.

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7 signs your business is failing and how to address them

7 signs your business is failing and how to address them

Starting a new business has never been more popular. Yet 40% of UK SMEs fail before they are five years old. The failure of these businesses is very rarely a sudden occurrence. Many warning signs can appear along the way throughout the decline. Detecting these signs your business is failing early and taking corrective action will be the difference between a healthy, growing business and one that ends up becoming just another statistic of failure.

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The fast, low cost way to expand your business

The fast, low cost way to expand your business

If you are seeking funding for your business, the chances are that you are looking to expand it. But have you considered franchising your business?

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10 top tips to improve the finances of your business

10 top tips to improve the finances of your business

1. Create a solid business plan, including realistic annual financial projections/monthly budget With these in place, you will know what your financial expectations are for the current or first/coming year – regarding your revenue from sales and the costs (as well as profit). It may be important too to have an associated cash-flow forecast – to identify any anticipated ‘pinch points’ when cash may be tight. You can then prepare for those and act in advance rather than being caught out when they occur. If you need assistance with making the financial projections and drafting a budget then seek the support of an appropriate professional such as a qualified bookkeeper or an accountant.

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5 reasons why it pays to get your tax returns in early

5 reasons why it pays to get your tax returns in early

With the deadline for your self-assessment returns many months away, it is easy to push that job to the back of your mind. But dealing with it now means you can get it out of the way. With the support of a professional accountant the process can be quick, simple, painless and could even mean you end up with more money in your business.

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