support / 7 posts found
Are you lonely?
Running a business can be a very lonely lifestyle. You probably went into business for a whole host of good reasons, and with a clear understanding of the problems that running your own business can bring you. But you might not have considered the loneliness. Endlessly making decisions by yourself, holding the sole responsibility for the consequences of those decisions can wear people down. This is not a sign of weakness, it is merely a reflection of the difficult nature of running a business. Every decision that you make will have a ripple effect of consequences. For example, the pound [...]
Making the best of it
Many people regard paying their accountant as a necessary evil. Simply as something that has to be done, in order to tick the boxes laid out for us by the Government. But what if we change our thinking toward accountancy, what if we embrace something we have to do anyway, and turn it into a benefit, not simply a drain? We have to, by law, file our end of year accounts with HMRC. Most businesses pay an accountant to do this for them, in order to firstly ensure that it is correct, and also to optimise our tax position. This [...]
Travelling to the EU after Brexit
The following guidance was published on the GOV.UK website 20 December 2018. Much of the guidance has been updated on the basis of a no-deal Brexit. UK citizens planning a trip to the EU and EEA before 29 March 2019 are not affected by Brexit changes. The following comments assume a no-deal Brexit and would apply from 29 March 2019 Flying to the EU from the UK Flights should continue as today. Both the UK and EU want flights to continue without any disruption. There will be no impact to direct flights to non-EU countries. Before you [...]
Small Business Saturday – 1 December 2018
Did you know that there is going to be a Small Business Saturday on 1 December 2018? We have reproduced below some of the help that will be available. Access finance available to support small businesses Are you and your business looking to start up, scale up or stay ahead? Start Up Loans of up to £25,000 can give you a much-needed boost if you’re just starting out. Or take a look at the Finance Hub and the British Business Bankfor more finance options for smaller businesses. Call the Business Support Helpline The free Business Support Helpline can help businesses of [...]
Do you know what you are selling?
We hope that you know what you are selling: watches, cars, hedge cutters…we hope that your accountant knows what you are selling also. But do they? You aren’t selling watches, you are stopping people being late. You aren’t selling cars, you are helping people get from A to B. You aren’t selling hedge cutters, you are tidying people’s gardens. For example, you own and run a bakery. You believe your business is selling bread, cakes, pastries and pies. Of course, people love bread, cakes, pastries and pies, so they’ll buy them. Right? Wrong. Lots of bakeries go bust. Why? Because [...]
Are you doing too much?
As small business owners, we all do it! We take on too much; we do too much. We’re always saying, “there’s never enough time in the day!” But are we being productive? Or are we running around, sweat pouring out of every vein, doing tasks others could do for us? Are we always thinking about saving money, rather than the bigger picture? Is your accountant always on at you to reduce costs? But at what cost? You probably didn’t go into business to work every waking hour. You may have gone into business for the flexibility, so that you could [...]
7 steps to improving your cash flow
Did you know that more businesses fail because of cash flow problems than profit problems? Don’t let yours be one of them. The problem with cash flows issues is that they can creep up on us. If you are only seeing your accountant once a year, you don’t have the opportunity to react in time. If you are constantly monitoring and reviewing your business and its systems, you are less like to fall into a cashflow crisis. With our Build Your Business Better support system we can help you to improve your cash flow, but to get you started here [...]