Tower News & Blog
Is there an alternative to small business loans?
While small business loans can be a great way to earn some extra money for your new business, sadly they don't always work out. If your bank rejected your loan application, don't lose hope just yet. There are a variety of alternative finance options available to you...
3 signs it’s time to make a large business purchase
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...
How can SMEs avoid making redundancies?
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...
What to do if you are refused a bank loan
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...
Top tips for managing your tax returns
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...
Is it time to expand your business?
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...
Small business cash flow mistakes to avoid
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...
Top benefits of leasing tech equipment
As a new or small business, it can be hard to determine whether leasing or buying equipment is the right option. Should your company need new computers, electronic equipment or another form of technology, you may be debating the pros and cons of technology finance...
Tips for making your start-up a success
Starting a small business can be an extremely exciting time, but there are a number of pitfalls and complications that you could run into. In this blog, we've put together a list of tips for making your start-up a success. Keep it simple As an entrepreneur with a new...
4 business expansion mistakes you may be making
For many small and medium-sized businesses, growth is their primary goal. In pursuit of this goal, however, businesses can often make mistakes that stunt their expansion or harm their businesses. In this blog post, we outline four business expansion mistakes you may...
Growing your business regardless of the current economic climate
It goes without saying that we are currently living through a period of extensive – and significant – economic turmoil. Many companies are struggling to balance the books, the future is somewhat uncertain, and most business owners are considering consolidation rather...
Taking the plunge: How and when to make a large business purchase
For all businesses, but especially small- and medium-sized enterprises, keeping track of finances is absolutely crucial. All spend needs to be accounted for, all outstanding invoices need to be chased, employees and bills need to be paid, and setting aside money to...
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