Can automation help your small business compete with larger rivals?
Competition is fierce for a small or medium-sized business but it may not be a level playing field. Larger companies have the scale and resources to corner the market and hire the best people, and to use the benefits of scale to reduce their costs.
How to Gain Capital to Start a Business
Starting your own business? Deciding to take the road less travelled and pursue your own success isn’t an easy choice to make. Yet if you have an idea that can be monetised and made to generate a profit, why not take the next step and explore where it may lead? After all, nothing ever worth doing was easy. However, passion and commitment can only take you so far. So as well as researching and developing an effective strategy to get the ball rolling, you also need access to enough capital to start up. But, rather than fall at the first hurdle like so many other UK startups, know that there are a variety of ways to generate capital for a new business. It’s just a matter of being prepared and knowing where to look.
Back from the brink: helping a business recovery with Invoice Finance
Even the most successful business can suffer when a large client takes too much time to pay - or a large customer goes bust with a big pile of outstanding invoices. Not having the cash coming in that you were counting on can trigger a cashflow crisis. In the worst cases, the failure of a major customer could take your own business with it.
What is a Profit and Loss Account?
As well as monitoring your day-to-day operations and preparing for the future, you also need to keep a close watch on how well your business is performing financially in real-time - in particular, how much money is entering and leaving your business - indicating whether or not it’s generating a profit. One way that both you and your accountant can ascertain this is by regularly maintaining an up-to-date Profit and Loss Account. So, what is a Profit and Loss Account and why is it so important to your business?
Keeping on top of your business tax
Are you prepared for your next tax bill? At the end of every tax year, businesses across the UK are required to pay corporation tax to HMRC or face receiving a penalty. Yet, despite being a vital responsibility, many business owners still find themselves struggling to keep up with this demand for various reasons. But there is a solution. Rather than defaulting with HMRC and potentially ending up in a worse financial situation, there is a specialised business finance solution that you can turn to. Designed to help business owners by supporting their finances and enabling them to settle tax obligations on time, you could gain access to a variety of funding products to support your corporation tax bill and stay on top of your business’ tax liabilities with Tax Finance.
Growth Equity Financing or Growth Capital Finance?
Growth. Every business needs it but not everyone knows how to achieve it. Yet no matter what stage you’re at in your development or what you’ve achieved already, focusing on the next step is key. A common challenge for scale-ups, however, is funding. But if you’re looking to support your business’ growth and reach new heights, there are many Growth Financing opportunities available that could help. Two such pathways are Growth Equity Financing and Growth Capital Finance, but which one is the most suitable for your business right now?
DJ Equipment Finance: Get the party started
Whether performing at nightclubs, public venues or private receptions, DJs are the life and soul of the party. But if you’re to get the discs spinning and the beats pumping, setting the mood of the night, you need access to the latest state-of-the-art sound mixing equipment available on the market. However, the problem standing in your way might be the cost outlay. But why let that put an end to a good gig? Time to spread out and shake down the expense with DJ Equipment Finance. Offering you access to a range of specialist business finance products, it’s everything you need to drop some heavy beats. So let the bass go and the vibes flow with DJ Equipment Finance.
5 ways retailers can keep up with consumer preferences
It’s been a difficult time for UK retailers, with a number of high profile brands toppling under the pressure from online competitors. So, naturally, the question on every retailer’s mind at the moment is ‘How I can keep up with consumers and drive more sales?’ Consumers are all looking for bargains in order to make their money stretch further and, as a result, are spending less. This, in turn, means that’s it’s becoming increasingly difficult to maintain your bottom line and ensure there’s enough profit available to support further investment. However, the key to safeguarding your business could be to review how you’re keeping pace with consumer preferences.