Many small businesses are often hesitant to make large business purchases, as they are fearful they are making a large purchase prematurely or the purchase won't positively impact their business. For example, a farmer may be considering a new piece of agricultural...
No SME owner wants to make redundancies, but sometimes it can seem like the only option. Situations such as the Covid-19 pandemic put a strain on small and medium businesses and mean that business owners have to make difficult decisions. However, making redundancies...
Being turned down for a bank loan as a business owner can be a very frustrating experience. If you are a start-up or SME this can be especially disappointing, as you may need the money to invest in your business. When you are refused a bank loan, there are steps you...
Running a small business can offer you freedom and control over your finances. However, the downside is that you'll need to pay your taxes each year by filling out a Self Assessment tax return to HMRC. You can receive a penalty of £100 if your Self Assessment is up to...
For some business owners, expansion can seem like a daunting and stressful task. Becoming too comfortable with your current business set-up can inhibit your chance to grow, which could hinder your profitability. Here are some things to consider if you think it may be...
No matter how great your business idea is, if you can't manage the cash flow of your company, your business could be in danger. In this blog, we'll be taking a look at 3 small business cash flow mistakes to avoid. Impulse spending during the early stages A common...