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Short-term solutions to address your business cash flow issues
When running a business, maintaining positive cash flow is essential. If for whatever reason, your cash flow is poor, it could lead you to fail to meet your financial commitments, as well as potential damage to those key relationships and disruption to your typical...
Commodity Insight – Stationery or Office Consumables
Here are all the points that you should look to cover when looking to reduce costs and maximise value in this area: Obtain itemised details of your historic purchases over the last 12 months. This should include product code, description, UOM or pack size, quantity...
Why it’s a good time to buy a business post-pandemic
The last two years of the coronavirus pandemic has been a challenging time for almost every business, with many undergoing seismic changes. Although the economy is now steadily recovering, there may be fears and uncertainties about taking the plunge to buy a business....
International Supply Chain Disputes & Supplier Validation – Pt2
Supplier issues can affect the overall business and can become an unrecoverable and expensive problem. Business owners can do a lot to prevent defective parts and materials from international suppliers from becoming a major business problem. Big-name suppliers first...
How do R&D Tax Credits boost cash for loss-making SMEs?
UK Research and Development (R&D) Tax Credits and Tax Reliefs apply equally to profitable and loss-making companies. This is sometimes misunderstood with people thinking that a company needs to be profitable to benefit. How much cash can be claimed by loss-making...
Understanding your Finances
So many business owners tell me they don’t understand their accounts…that’s what they have an accountant for. Yet for a business owner not having a handle on their own finances is an opportunity missed. You don’t have to be a qualified accountant to understand the...
International Supply Chain Disputes & Supplier Validation – Pt1
What do business owners do when they receive defective parts and materials from international suppliers? Very quickly, supplier issues can affect the overall business and can become an unrecoverable and expensive problem. International supply is a tried and tested way...
Are you personally liable for your business’s debt?
For a business owner, your company's ongoing success and survival may seem like your number one priority. It's easy for your private life to become intertwined with your professional one – and this includes your finances. When you and your business are closely weaved,...
Don’t let jargon get in the way of improvement.
If you’re running a small or medium-sized business, some of the language you see or hear about how to improve might leave you a bit bemused. You could legitimately be thinking ‘what on earth does Lean, 6 Sigma, Poka Yoke, Gemba or Hoshin Kanri have to do with my...
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