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Business finance can be complicated. Read on as we explain the ins and outs of commercial finance.
Claiming Expenses When Running a Business from Home
There are more people working from home in the UK than at any time since the onset of the industrial revolution.
Business Grants for Small Businesses
No businessperson in their right mind would turn down free money for his/her business. But it’s surprising just how many don’t even try in the first place!
Avoid economic meltdown with new government funding
The finger of blame for the current economic crisis, which is impacting upon many small businesses across the UK, has been pointed at many different individuals, groups, and institutions during recent months. It seems as if a combination of factors is to blame for the recession but it has become clear that keeping a close eye on a company’s finances is essential for avoiding financial meltdown. Taking a half-hearted approach to monitoring, and assessing your financial situation as a small business owner is simply not good enough. It is extremely important to have someone at your disposal who knows how to deal with complex financial transactions and who can be trusted at all times. Finding such an individual can be difficult but it is certainly worth investing as much time and effort as is necessary in hiring the ideal member of your accounting staff.
Too many small businesses failing to seek financial advice
Research carried out by YouGov and R3, the trade body which represents the interests of insolvency professionals, has revealed that an alarming number of small businesses are failing to take control of financial problems before they become major issues, with most choosing not to seek debt advice tailored towards companies.
Recovery in Sight?
Apparently, industrial output in Japan rose in March for the first time in six months, according to new government figures just published.
Time to Expand
It seems like all is doom and gloom, there’s not a drop of good news to be had anywhere and this is no time to be expanding your business by taking out a loan of any sort.
Could your business cope with a crisis?
The sad fact of life is that you can do all you can to minimise risks in the workplace, ensuring that hazards are kept to a minimum and accidents are avoided at all costs, but businesses can be completely ruined financially in a flash as a result of an unseen crisis. You can’t prevent crises from occurring but you can take several steps which can help to reduce the damage inflicted. Common crises which can have devastating impacts upon companies are often physical and may include terrorist attacks, fires, flooding, storm damage, and vandalism.
Commercial Property Plunges – Good News or Bad?
The commercial property index just seems to keep falling. In fact, during 2008, UK commercial property values fell by a record amount according to Investment Property Databank http://www.ipd.com/ whose UK Quarterly Property Index showed that commercial properties lost 26.4% of their value last year - the most since records began in 1987.
Business Continuity
It’s a simple fact that most small businesses don’t make adequate plans for business continuity during times of duress. It’s the same kind of over optimism about the future that leads many small businesses to run out of cash – even when they’re trading profitably.
Good alternatives to hiring staff
You may think that in order for your company to expand effectively and significantly, it is necessary to hire new staff, whether they be on a permanent contract or a self-employed basis. Whilst hiring new staff to increase the size and maximise the potential of your workforce can be a good decision to make, there are alternative choices which could suit you more. In particular, you should think about the following aspects: