As a business owner, you’re accustomed to making key decisions daily. But one query that may not have crossed your radar yet is – should your business have a savings account? Should a Business Have a Savings Account? A business savings account is a type of bank account that allows companies to store their extra […]
Continue Reading
As a small business owner, understanding the financial health of your company is essential for making informed decisions and achieving long-term success. Detecting financial trends and patterns in management accounts can help you grow the successful parts of your business, and cutoff the parts that aren’t profitable. The most powerful tool at your disposal are […]
Continue Reading
The Language of Management Accounts Numbers speak a language of their own, and for professionals in the world of accountancy, decoding this language is a crucial skill in reading management accounts effectively. In the realm of management accounting, the ability to effectively read and analyse management accounts is paramount for making informed decisions and driving […]
Continue Reading
A Full Guide to Tax on Business Savings Managing finances effectively is essential for any business, and understanding the tax rules on business savings accounts is a crucial aspect of financial planning. In the United Kingdom, businesses must navigate the complexities of taxation when it comes to their savings. In this beginner’s guide, we will […]
Continue Reading
A Basic Guide to the Importance of Business Savings In today’s dynamic business environment, having a savings account is essential for the financial well-being and long-term success of any business. Whether you’re a startup or an established company, a business savings account provides a secure and practical way to manage your finances and plan for […]
Continue Reading
Introduction to UK Business Savings Accounts As a business owner, managing your finances efficiently is crucial for long-term success. One key aspect of financial management is finding the right savings account for your business. In the United Kingdom, there are various options available to businesses when it comes to savings accounts. In this comprehensive guide, […]
Continue Reading
Management accounts are essential for businesses wishing to succeed in the ever-competitive market. The big question, however, is how you read management accounts to unlock their full potential. One pivotal element to focus on is Key Performance Indicators (KPIs). KPIs enable organisations to evaluate their success in reaching objectives and are instrumental in guiding decision-making […]
Continue Reading
Most people today have turned to entrepreneurship due to the freedom, flexibility, and satisfaction it offers. Even though most people would prefer starting businesses from scratch, some would also want to buy existing ones. But you need to know these 13 things to look out for when buying a business. This is because already existing […]
Continue Reading
Advertising is the art of telling and showcasing your business to people who might need to be made aware of its online and offline existence. According to statistics, more than $600 billion is spent by businesses annually on advertisements globally, with digital advertisement going as high as $800 billion. Advertisement is essential for big businesses, […]
Continue Reading
Being a student is one of the best and yet worrying feelings because most of the time, you will be in your early 20s and you need extra money to take care of your daily expenses. The money parents and student loans provide as pocket money is never really enough. As a student, I am […]
Continue Reading
Every small business requires a lawyer to handle legal-related issues. It may seem unnecessary at first, but as you dive deeper into the business world, you might encounter some situations in which you need the help of a lawyer to handle those specific issues. A business lawyer is a person with a legal capacity who […]
Continue Reading
Risk is any event or circumstance that can negatively affect or impact your business. Every business faces risk, and risks can vary from one business to another. Which is why risk management for small business is vital to success. For example, a shoe store might incur the risk of theft, while a barber shop can […]
Continue Reading
Local SEO is about getting well-known in your town or city from offline popularity that drives search results online. But how can small business increase online presence? Being a local hero doesn’t mean being active online, or posting to social media all day. It can simply mean being a strong pillar of the community, that […]
Continue Reading
Strategic planning is crucial for the success of any business, irregardless of its size. For small businesses, strategic planning can be the key to growth and profitability. In this article, we will discuss what strategic planning is, why it’s important for small businesses, and provide an example plan with graphs and tables describing the process […]
Continue Reading
Marketing is crucial for any business, especially small businesses because it determines the sales and the number of customers gained and retained. Mastering your marketing cycle will be the one thing that will improve the bottom line of your business. Small businesses that strategise their marketing correctly tend to have increased brand visibility and create […]
Continue Reading