Accounting is notoriously complex but as a small business owner, good accounting practices are essential to the financial health of your organisation. Taking your accounting seriously from the start is the best way to set your small business up for success and it will allow you to operate much more efficiently in the future. Bad…
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Making mistakes is an unavoidable part of your entrepreneurial journey, but certain errors may prove fatal for your fledgling business. According to the USA Bureau of Labor Statistics, 20% of small businesses fail in the first year. Often, this is due to naivety or a lack of preparation. Let’s take a look at some of…
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Hiring a quality accountant is a wise investment in the financial health of your business. It can be tempting to choose a cheap accounting firm in the interest of saving money, but this often proves to be a costly mistake. It may seem like great accountants cost a lot but they save you even more…
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Small businesses often put off hiring an accountant until they’ve grown bigger, but that’s a mistake that can actually delay growth. The services of an accountant extend beyond simply minimizing your tax bill, although that’s an undeniably valuable advantage. In addition to saving you time and money, a good accountant helps you to manage your…
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The dread of failure could be weighing you down. Luckily, there are ways to drive the fear away and adopt a more useful viewpoint. Fear can be a very purposeful emotion in some situations. However, irrational fear of failure is often more detrimental than useful. Instead of keeping you safe from harm, the feeling might…
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Good financial health is crucial for any business, and this starts with careful financial management. However, many small business owners feel overwhelmed and continue to put off the task of dealing with their finances. Tempting though it is, this approach won’t set your business in good stead for the future. It’s important to take charge…
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With a collective turnover of £650m last financial year, the Startups 100 are certainly smashing it. But who are these startups? And who clinched the top spot? — Read on startups.co.uk/startups-100/2020/startups-100-2020/
