Tips for managing construction industry cashflow
Owning a small business in the construction industry can be incredibly stressful. In addition to the long days and difficult working conditions, you have to worry about cash flow issues. It can take a long time to collect on payment from your clients or contractors who hired your business, and in the meantime you have […]
8 things your invoice needs in order to get paid faster
So you’ve set up your business and sold some products and services. Now, you have to send an invoice to collect your payment. But what should you include on your invoices in order to get paid faster? Even if you’ve been running your business for a while, you might be missing other information that you […]
Business Update – 23 January 2024
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. UK bosses much more optimistic about 2024 than last year, PwC survey suggests Bosses of UK firms are significantly more optimistic about the prospects for the UK economy in 2024 than they were a […]
Demystifying Inflation
Inflation – it’s a word that’s been on everyone’s lips recently. Rates are on the rise, and our small business community is feeling it the most. Increased supply costs, a lack of workforce, and dwindling profits are among the challenges faced. Let’s demystify inflation and delve into its impact on small businesses. Grasping Inflation In […]
Business Update – 28 November 2023
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Interest rates: Why there is more pain still to come A run of 14 consecutive interest rate rises has brought worry and financial pain for mortgage holders – but it has also boosted savers’ […]
Signs You’re Undercharging for Your Work
When it comes to the overall success of your business, one of the most important decisions you’ll face is how to price for the work you do. Charge too much and you could scare away potential customers. Charge too little and you could run yourself out of business. Figuring out how much to charge is […]
Business Update – 1 November 2023
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. BoE likely to keep high rates on hold even as signs of slowdown mount The Bank of England looks set to keep interest rates on hold but also stress that it is far from […]
7 tips to help your small business adjust for inflation
Inflation has started to fall since May but very slowly and there’s no question that small businesses continue to feel the pinch. Supplies cost more, employees are hard to find, and your profits are shrinking. It’s undoubtedly challenging, but you can weather the ongoing storm with the following tips. 1. Study your data Your numbers […]
Business Update – 19 October 2023
Insolvencies will continue to rise for ‘foreseeable future’ under burden of high interest rates Insolvencies climbed 17 per cent on last year in September as companies struggled under the burden of the Bank of England’s interest rate hikes. Save up to £2,000 a year on childcare costs for your little pumpkins Autumn is here and […]
Building a stronger, more resilient business
Inflation is still higher in the UK than in many other rich nations so interest rates may yet stay higher for longer. So how do you give your business the best possible chance of getting through the next couple of years – and even becoming stronger? As a business owner myself, I’ve detailed below what […]