Innovation is all the rage in business. However, it often comes at a price that can pressure any company’s finance. Fortunately, the government seeks to encourage innovation. As more businesses utilise innovation, they can improve processes, find solutions to even...
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What you must consider when selling your business
Deciding to leave your business for pastures new is a significant one. There are many reasons why people consider exiting a business – ranging from retirement or relocation to simply wanting a new challenge. In any scenario, you will want to ensure you get a fair...
The Hermit Crab – The Best Business Pivot Strategy
Since 2019 the food industry has weathered a multitude of crises, from lock-downs impacting people to the shipping crisis impacting the supply of raw materials and a whole range of financial strangulations along the way. The ongoing COVID uncertainty has forced...
Error Proofing – Why you need to think about the bad stuff
Wouldn’t it be great if we had a crystal ball to see into the future and avoid all the bad things that might happen? Well, this post doesn’t quite do that but what about if we had a neat way of at least thinking about the potential bad things that might happen,...
How will invoice finance help your business?
Data shows that over half of SMEs are affected by delays in receiving customer payment, with many hours spent chasing unpaid invoices. It’s an unnecessary strain on small businesses, leading to a great deal of frustration. More crucially, with an estimated £17.5...
Understanding your finances
This is article 3 in our series of 3 There are 3 layers of understanding that you have to achieve, and I will be covering these in 3 articles covering: Some basic tipsWhat are the key figures in your accounts?Digging deeper with good analysis Digging deeper with good...
The 5 common fears people face when putting their business for sale
Most business owners will come to a point where they need to sell – whether to prepare for retirement, allow a change in lifestyle or move on to the next challenge. However, selling a business is a life-altering and often difficult decision. It’s no surprise that...
Five tips for achieving compliant cost analysis in R&D tax credit claims
UK Research and Development (R&D) tax reliefs are generous and relatively easy to claim, but in recent years HMRC has become increasingly concerned about non-compliant claims and fraud. This means companies can now expect a greater chance of HMRC scrutiny, so it’s...
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,...