Essential money management tips for new businesses

Running your own business is tough but it can also be hugely rewarding. As a sole trader, you’re always going to have multiple things going on at once, but one of the most vital things to running your business is being able to manage cashflow – who owes you money and who you need to

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Source: SmallBizUK

Brexit not good news for media SMEs, research says

New research from Hitachi Capital Business Finance finds that a quarter (26 per cent) of SMEs in the media, marketing, advertising and PR sector will rely on the EU market (not including the UK) for potential growth in the next 12 months. However, more than half (55 per cent) do not see any opportunities for their businesses as

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Source: SmallBizUK

The early-stage marketing challenges of a disruptive online business

Andrew Needham is the founder of HeadBox, an online booking platform for creative meeting spaces. Here, he discusses how the company’s marketing strategies developed through time. 1. Talk about the business, how it started, and what you were doing before. Before HeadBox I was CEO and Founder of Face, a global tech driven insight consultancy,

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Source: SmallBizUK

Policy paper: Amendments to Country By Country reporting 2017

Country by country reporting will help HM Revenue and Customs to better assess international tax avoidance risks. It is intended that the information reported by Multinational enterprises will be shared with other relevant tax jurisdictions so that they too can assess international tax avoidance risks.

Source: HMRC

SMEs still held back by funding despite record asset based finance sales

Record sales of asset based finance to small and medium enterprises are to be welcomed, but too few SMEs are aware of how such funding could accelerate their growth, the merchant and corporate bank Close Brothers is warning. Close Brothers said that while many SMEs are increasingly confident about their prospects for the year ahead,

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Source: SmallBizUK

Small businesses still losing data despite warnings to backup

Most businesses and consumers now routinely make complete and comprehensive backups of their data), according to the latest customer survey by Kroll Ontrack. The survey results highlight growing popularity of cloud-based backups as around twice as many users (about 33 per cent) as last year report they make backups online. However, despite growing use of digital

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Source: SmallBizUK

Sustainable energy solutions for long-term business success

As a small business leader you’re a member of a group which holds the key to helping the UK realise the long-term benefits of sustainable energy usage. Reducing your carbon footprint is, however, a topic all too often filed presumptively under ‘too expensive’, ‘too time consuming’ or simply ‘just not a priority’. In fact, having a

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Source: SmallBizUK