Occasionally an organisation will have a specific product or service that will have a perceived higher degree of importance. It will actually be or be seen as fundamental to the success of the business and any disruption could cause irrevocable damage to its standing...
SMALL BUSINESS
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...
Understanding your Finances
This is article 2 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 What are the key figures...
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...