All posts in Business tips

Why do customers buy from you? Knowing what it is that makes someone choose your products and/or service over your closest competitor is critical business information. Understanding this ‘competitive advantage’ is an important part of making your business stand out in the marketplace. Establishing your competitive advantage will help you create a compelling marketing message […]

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The 2020/21 tax year has been a tough time, financially speaking, for many of us. So it’s no surprise that many owners, directors and self-employed individuals are concerned about having enough funds to pay their self-assessment income tax bill. The good news is that HM Revenue & Customs (HMRC) does have a facility for spreading […]

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If you’re going to grow your company in the right way, pinning down your goals and having a clear vision for the business from the outset is vital. You may want to increase profits and create an income that supports your lifestyle, or you are looking to increase market share and aim for hypergrowth. You […]

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No-one wanted another England-wide lockdown, especially as many UK businesses were barely back on their feet following the original March 2020 lockdown. But the seriousness of the Covid-19 situation in the UK has resulted in another business shutdown – and that’s going to make the next few months a real challenge for many small businesses. […]

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The current COVID-19 crisis has many businesses globally mandating employees to work from home due to Government requirements. This could be a major adjustment if you are a company who is new to working remotely. You and your employees may have been unprepared to turn living spaces into workspaces for the foreseeable future. The daily […]

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How to prepare an exit strategy for your small business You may wish to part ways with your business for a number of reasons, whether you’re a serial entrepreneur, or perhaps your business is struggling and you just want to move on. Either way, an exit strategy for selling the business is key. Here we […]

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The Scottish Government are providing grants of between £2000 and £4000 to help small and medium sized enterprises in Scotland manage a wide range of Brexit impacts. To qualify for the grant you have to be either a; VAT registered small to medium sized enterprise (basically this means less than 250 employees and less than […]

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Success is often measured by increasing profitability of a business. A business can feel stagnant if the profitability isn’t increasing. There isn’t a need to make massive changes like hiking up prices or cuts such as reducing headcount. You can make small changes through various methods that will aid your business and boost your profits. […]

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Tips on managing invoicing for your small business Your newly formed business may have a fantastic product and high-value customers, however if your clients don’t pay for your product and services then your business could soon fail. Managing your invoicing is therefore a crucial part of running your business. To benefit your cashflow you must […]

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Do you need a dedicated business bank account? Once you’ve set up a new business, it is important that you have established banking facilities before you commence trading. The question is, can you use your personal bank account or are you required to create a small business bank account? The answer wholly depends on the […]

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