As a small business owner, you’ve probably asked yourself: “How many sales do I need to cover my costs?” or “Is my business actually making money?” These questions are at the heart of break-even analysis, a powerful tool that…
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Key Financial Ratios Every Small Business Owner Should Monitor
In today’s competitive business landscape, small business owners face numerous challenges. One of the most crucial yet often overlooked aspects is financial management. Many entrepreneurs find themselves struggling to keep their fingers on the pulse of their company’s financial…
How to Cut Costs Without Cutting Corners in Your Small Business
In today’s fiercely competitive business landscape, small business owners face a daunting challenge: how to trim expenses without compromising quality. The pressure to reduce costs is ever-present, but the fear of cutting corners and potentially damaging your brand looms…
Essential Bookkeeping Tips for New Startups on a Tight Budget
As a new startup founder, you’re likely wearing multiple hats and stretching every pound to its limit. Whilst it might be tempting to put bookkeeping on the back burner, maintaining accurate financial records is crucial for your business’s success…
The Baker’s Dream – A Story for Small Small Business Owners
In this short video, ‘The Baker’s Dream – A Story for Small Small Business Owners,’ we follow the journey of Sarah, a small-town baker with big dreams. Like many entrepreneurs, Sarah faces challenges and moments of doubt. But a…
Finding the Right Fit: An Inspirational Story
In this inspirational story, two business owners meet to exchange management tips. One complains about his “useless” employees: a nitpicker, a worrywart, and a loafer. The other owner offers to take them on and places them in roles suited…
5 Tax-Saving Tips Every Small Business Owner Should Know
As a chartered certified accountant and tax advisor, I’ve had extensive experience of working with small business owners across England. With the right strategies, you can significantly reduce your tax burden and keep more of your hard-earned money. Here…
The Small Business Survival Guide: 5 Tips to Resolve Cash Flow Problems and Thrive
Are you struggling to keep your small business afloat? 💼💸 Cash flow problems can be a nightmare, threatening the very survival of your enterprise. But don’t panic just yet! There’s hope on the horizon, and we’re here to guide…
Mastering the Money Game: Smart Budgeting and Forecasting for Small Businesses
Running a small business is like steering a ship through unpredictable waters. You need a clear view of where you’re headed and the right tools to navigate. That’s where budgeting and forecasting come in. These financial practices aren’t just…
What does the new government mean for small businesses?
With Sir Keir Starmer now in No. 10, there are quite a few changes and proposals on the horizon. Let’s break it down in a way that’s easy to digest, so you can understand what’s coming and how it…