Business

Thinking of selling your business but want to leave a legacy? An Employee Ownership Trust is a great way to sell your existing business to your employees and get some tax benefits. #businessadvice #SmallBusiness #EmployeeOwnershipTrust As a business owner, you probably want to leave a lasting legacy behind when you finally get to the end of the journey...

As your business scales, your systems need to scale with you. Moving to an enterprise resource planning (ERP) solution is the best way to stay in control of your growing business. #businessadvice #SmallBusiness #ERP #EnterpriseResourcePlanning As your business scales, the complexity of your systems, data and management information will grow at a similar pace. And if you're using...

Modern inventory management tools help put you in complete control of your stock. Find out how the latest cloud software helps you become more efficient, cost-effective and profitable. #businessadvice #SmallBusiness #inventory #stock #businesssoftware As a manufacturing or product-based business, efficient stock management is a big part of running a smooth operation. But the way we manage stock and...

Performance reviews are a valuable tool for tracking people's progress, providing feedback, and aligning individual achievement with company goals. But they have to be done well. Here are some top tips for getting the most out of your performance reviews. When times get tough, it can be easy to let some of your people processes fall away as...

Switching to a lean business model could be the most effective way to grow your manufacturing business. We’ve picked out five ways that lean helps your business meet its goals. #businessadvice #SmallBusiness #leanbusinessmodel #manufacturing Keeping your operational expenses under control, while also remaining efficient and meeting customer demand can be a challenge – one that can catch out...

Are you pursuing a hobby, or carrying out a trade? It can be hard to define in some circumstances, so we’ve explained the nine ‘badges of trade’ as used by HMRC. #tax #accounting #hobbies #trade #badgesoftrade Many of us have hobbies that are dear to our heart, whether it’s playing guitar, building a giant model train system or...

Keeping positive cash flow is really important for a small business. Late payments can cause big issues, so stay on top of your invoicing with a proactive strategy. Sometimes it just takes a phone call. #smallbusiness #moneytalk If you’re struggling with late payments, and about half of small businesses are, here are some simple tips to try. Invoice...

Business continuity is your Plan B for how to set up a means of trading in a crisis. Talk to us about your continuity plan. ‘Business continuity’ is the process of planning out how your company can continue trading – when disaster hits. In essence, it’s your Plan B for how to set up a means of trading,...

Looking for someone to guide your entrepreneurial journey? Your accountant could be the mentor you didn’t know you needed. #businessadvice #SmallBusiness #mentoring A business mentor can provide guidance and support, so you make the right decisions and stay focused on the end goal as a business owner. They can also help you move forward in your career by...

Going digital is a no-brainer for any forward-thinking business. We’ve summarised the big advantages of embracing cloud tech and a digital business model. #businessadvice #digitaltransformation Transforming into a digital business sets the best possible infrastructure for your future growth. And, as your business scales, the benefits of going digital will start to become obvious. Running your key business...