Small Business Chat

Advice & News

Category

Finance

The ultimate list of small business tax tips

  If there is one thing that most business owners can agree on; it is the fact that they hate taxes. Of course, no one likes feeling like they are giving money away. However, this is not the only problem…. Continue Reading →

Don’t make these common start-up mistakes

Sticky post

When just starting up your business, it is not uncommon for mistakes to be made, especially if this is your first company. After all, you are on somewhat of a learning adventure. If you make a mistake, you simply need to acknowledge where you have gone wrong and do your best to rectify the problem. Nevertheless, there are some common start-up errors that can cause huge problems for your business. These are the types of problems that you really need to try and avoid altogether. With that being said, read on to discover some of the common start-up errors that could kill your business.

Selecting an unsuitable investor

You may discover a decrease in your cash reserves once your business begins to gain some traction. When in growth mode, you may need to find a loan or raise outside capital. There is one important rule to keep in mind, and this is the fact that not all cash is equal. There are a whole range of different types of loans available and other ways to raise funds and all have advantages and disadvantages so scrutinise all potential deals to make sure they are 100 per cent suitable for your situation.

Choosing the wrong premises

For some businesses it is essential to have a certain type of premises in the right location. For instance a high-end retail outlet is unlikely to be successful on an industrial estate, similarly the clients of a high value services company would expect to be able to visit suitable upmarket offices. But many businesses do not require these sorts of expensive premises and could save money by using self-storage units instead of expensive warehouses or be based in a business hub rather than committing to a long term rental of dedicated office space. There will be plenty of time for smart locations once your business is a success so don’t waste money now where you don’t need to.

Challenges faced by small family businesses

While there are many benefits associated with running a family business, this type of firm also has its unique set of problems and challenges. People often like doing business with family firms, as they feel they get a more personal… Continue Reading →

Marketing Strategies to Boost Your Bottom Line

Are your sales figures consistently below your forecasts? Do you feel there’s something else you should be doing to improve you company’s bottom line? Effective marketing strategies are at the heart of every successful business, but not all marketing techniques… Continue Reading →

Tax-Saving Tips For Small Businesses

If there is one thing that all businesses hate, it is paying tax! But, unfortunately, we all need to do so. Nevertheless, this does not mean that you cannot cut your tax bill. There are many companies that are paying… Continue Reading →

Common accounting mistakes made by businesses

It does not matter what type of business you run, one thing you need to keep on top of is your accounts. Financial mistakes can be extremely costly. Keeping that in mind, read on to discover some of the most… Continue Reading →

Tips on dealing with unpaid invoices

For small businesses and start-ups, unpaid invoices can spell serious trouble. They can cause a halt to cashflow, which can cause problems when it comes to paying suppliers and such like. If you are having trouble with unpaid invoices, read… Continue Reading →

Tips to ensure your Self Assessment goes smoothly

The official tax year has just ended, which means you have from now until the end of January to submit your Self Assessment, if you are doing so online. For most people, the words ‘Self Assessment’ bring about instant stress…. Continue Reading →

The Secrets To Managing A Small Business

Updated 9 November 2016 No matter how much experience you have had, nothing can prepare you for the unique challenges running your own small business can bring. Many small business owners skip the planning stage and jump straight in with… Continue Reading →

Biggest Tax Mistakes Made By Small Businesses

Tax mistakes can be extremely costly, especially for small businesses. From forgetting employee benefits to submitting the tax return late, here a group of accountants in London take a look at some of the common errors made.     Tax… Continue Reading →

5 things you need to know about starting a business

Whilst professional training can provide highly valuable information for those starting a business, there are some key elements of running a business that can only be learnt through experience. There are 5 little secrets that you will probably discover for… Continue Reading →

© 2017 Small Business Chat — Powered by WordPress

Theme by Anders NorenUp ↑