While COVID-19 forced many businesses to temporarily close, it’s important to be thinking positively about the easing of lockdown and return to work. As I write this, some industries such as retail have already been given the green light and resumed trading from 15th June. For others, particularly within the hospitality and leisure industries, there […]
Going it alone in business can be the best feeling in the world; you are your own boss, master of your own destiny and in control of everything – including the finances. As a sole trader, you have to wear many hats and quickly need to become an accountant, an HR professional, marketer and director, […]
If you’re thinking of going it alone in business, one of the key things to get your head around is the world of tax. Being a sole trader means you run your own business and are therefore self-employed. Being a sole trader means registering for Self Assessment and filing a tax return every year. You […]
You might have come across the terms ‘secured’ and ‘unsecured’ when hearing about business loans. Which option you choose will depend largely on your business, your circumstances, eligibility, what you need the money for and your long-term plans. The fundamental difference between the two is that a secured business loan requires you to put tangible […]
If you ask around, you’ll find that some element of external finance now forms a key part of many business strategies, and if used correctly, it could even mean the difference between failure and success. Yet for some business owners, seeking funding for their business can still seem like a rather big and daunting step, […]
Alternative business finance can be a useful tool to boost cash flow, get your business through a rough time, or take it to the next level. Whatever the purpose of the funding may be, there are many different eligibility criteria for different types of finance. Here’s what you need to know about eligibility to prepare […]
Business finance comes in all shapes and sizes, and while this can make it a tricky area to navigate, you can also use it to your advantage. Refinancing involves either consolidating debts, or raising cash using the assets in your business. In this article, we’ll have a look at these two main areas of refinancing […]
Imagine this: a bakery discovers one of its ovens is broken. This certainly means reduced production, and therefore less revenue, and it could quickly put the business at risk if it can’t be replaced soon. But not every business has enough money sitting aside to buy new machinery outright, and in emergencies like this you […]