Cash is not always one of the key strengths of a startup business. Startups key strength is usually the idea, motivation, energy and determination to make it happen. One of the golden rules of a successful business is “increase the cash inflows and decrease the cash outflows”.
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Bills are one of those things that everyone will, from time to time, give a subtle groan to when they get them in the post. When running a business, it can sometimes feel easier to simply pay whatever it says on the paper and not stop to think if it makes sense.
[continue reading…]When the economy is doing well, it’s easy to become too relaxed and spend too much money. Overhead costs like rent, salaries, and travel costs can become bloated as managers ride the wave of prosperity.
[continue reading…]Starting a business has never been easier; the Internet in particular and the march of technology means researching a market is within reach for start-ups (even at a global scale), and much of this can be achieved with relatively little money.
So, you’ve done it. You’ve had an idea, you’ve launched a business, it’s even started to grow. Congratulations; you’ve cleared your first set of hurdles. But what do you do next? You have information coming at you from every angle. Demands on your time are growing and your available time is dwindling. How do you know which information matters? And how do you keep the momentum going, or even build to the next level? Every business is different, but some requirements are universal, and some data should never be overlooked.
A lot of businesses now choose to trade internationally to help their business grow and succeed worldwide. Trading internationally can not only be a great step for your business but can also help you to build your brand awareness and reach more customers. If your business is moving towards international trading then it is important that you know how to reduce your costs to help you save money in the future.
Printer manufacturers provide us with the opportunity to buy their hardware at ludicrously low prices, but then more than make up for it with the price of consumables. However, with some clever thinking, you can come out on top. Here are some simple ways to reduce your ink or toner consumption.
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A franking machine is one of the most interesting postage devices we have out there. What makes a franking machine unique is the way it simplifies the mailing process in your business. Furthermore, a franking machine has the option of customising the company logo and business brand on letters. The one thing that makes this machine admirable is the way it reduces the high costs of posting letters.
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If you have a passion for making music, starting a recording studio business may seem like a dream enterprise, especially if you already have experience of recording in your own home studio. Helping unknown artists on the path to success is an exciting prospect. However, starting up a professional recording studio is not easy. You need to be aware of what is involved and make sure that you are fully invested.
Paper is costing businesses thousands per employee from its day-to-day use in the workplace. From a study conducted by WorkMobile of 1,000 workers, it was found that 67% of UK businesses are spending over £2,000 on paper annually per employee. This just goes to show the significant role that paper still plays in the daily activities of more than half of the businesses that took part in the study.
Since the referendum, Brexit has impacted small businesses in more negative ways than positive, it has left millions of small businesses with lack of confidence and uncertainty about the future. In a survey conducted by Insolvency Practitioners MGJL to check up on the health of businesses, the results were far from positive, especially regarding the Tech industry.
Did you know that the power that comes out of your plug sockets and other outlets can vary in quality? It is true that there are strict rules governing the quality of power to ensure that individuals, businesses and organisations receive consistently high levels of power. However, sometimes errors can occur within systems that bring power quality down significantly. Multiple different power issues can end up costing your business money.
Finding the right office can be exciting but it is also sometimes a daunting experience. You will need to find the right office space for your small business, whether you are expanding your current business or starting a brand new one. It’s essential to have a tick list to make sure that you are covering all bases in order to find the right office.
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Starting up and running a business is no easy task. Although it is a rewarding venture, which enables you to be your own boss and put entrepreneurial skills to use, there are certain problems you will likely face. Here are the top three problems that are affecting small businesses in the UK right now. If you are business owner, you are likely aware and if you are thinking about starting a business, its important to take these problems into consideration.
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