It can be a challenge for some existing businesses to shift from a traditional bricks and mortar shop to online, or from face to face consultancy to virtual services. Offering online services can help maintain your cash flow and provide a new income stream. It also means small businesses can continue to offer a personal and valuable service that's convenient for all customers. Fore service led businesses, offer to meet clients 1:1 on the phone, over email, or over a video con
Can you guess what the key ingredient is for small business success? No, it’s not funding, and it's not a business plan. In a word... it's confidence! We look after a lot of small businesses and the word we hear over and over is 'confidence'. Some have it in abundance and others, particularly those just starting out need a bit of hand holding. A fascinating study by Kabbage revealed that entrepreneurs, specifically small business owners, are battling with under-confidence. T
If you’re a small business operating at reduced capacity, or thinking of reopening and not sure about the money, managing cash flow has never been more important. Here's some great tips on getting paid faster, delaying your own bills and even raising your prices. Read on for some ideas that may help you manage cash flow more effectively in difficult times. Speed up your incomings Do you have any big jobs where you can ask for a 20 percent deposit? If you already ask for 20 pe
On Friday night, HMRC released details of the flexible furlough scheme, which starts on 1st July 2020. Under the flexible furlough scheme, employees no longer need to avoid doing any work for the employer, but can work for some of the week and be furloughed for the rest, in proportions decided between employee and employer. (You will need to put in place a new written ‘Flexible Furlough Agreement’ for any staff on the new scheme, as soon as I have one available, I will let yo
For a small business, there are so many ways to raise funds beyond dipping into your savings. From tax incentive schemes to traditional bank loans, here are 10 finance options for small businesses: 1. Family and friends
It's common in the early stages for parents, siblings or friends to financially support your business. This option is most suitable for businesses that need initial support to prove the concept can be successful, to the point where they can seek other funding.
As the UK starts to make some tentative headway into 'normal' life, businesses are waking up to a different world than 12 weeks ago. Consumers have never been more careful about how they spend their money. Savvy spenders are looking for quality, personalised service they can trust, as well as value for money. The right customers are prepared to spend more on the right supplier and contrary to what you may believe, no longer look for 'cheapest'- in fact they haven;t done for s