Finance the Business
Secure the funding you need to start and grow your small business. Explore different financing options, from savings and loans to grants, and understand what each option involves.
A Brief Overview of Business Taxes
When you come to start your own business, you need to understand the various revenue duties it may be subject to—so you can budget accordingly. Failing to...
All About Budgeting and Forecasting
Although it might be tempting to spend money on a whim, regardless of when you expect to see a return on your investment, this is not a sustainable strategy....
All About How VAT Works
Value Added Tax (VAT) is a charge based on a fixed percentage of the selling price of goods and services. Companies that are registered for this tax must cha...
All About Raising Finance
Sooner or later, you will probably need to raise some money, either to launch a new venture or to allow an existing one to grow. There are various sources of...
All About Selling Your Business
If you are planning to sell your business, there are various routes you could take. This article discusses the most common ones so that you can make an infor...
An Introduction to Double-Entry Bookkeeping
It’s easy for errors to creep into your financial records. It’s easy to make mistakes when adding up column upon column of figures. Double-entry bookkeep...
Balancing Risk and Reward
How much of a gambler are you? As an entrepreneur, chances are that you’re quite a risk-taker. Even if you think you operate in an established and stable f...
Bootstrapping Your Small Business
Not every small business has to appear out of nowhere with a fanfare and millions in venture capital behind it. Instead, it is possible to start a very small...
Grants and Awards for Small Businesses
The government and other organisations are keen to promote enterprise. They may offer grants to businesses in order to encourage them to invest in research a...
How to Read a Profit and Loss Account
A profit and loss (P&L) account, also known as an income statement, is a financial record of a company’s income and expenditure over a particular period, t...
Sticking With it When Times are Hard
Sometimes you feel like giving up. We all do – that’s just human nature. But what separates you and your fellow entrepreneurs from the rest of the specie...
Valuing Your Business Explained
There are many different approaches you could take to calculate the financial worth your small business. Multiple of Earnings If a business has stable or gro...
What is Venture Capital?
In the early days of private equity, venture capitalists (VCs) tended to be wealthy individuals and families who would privately finance organisations. Nowad...
What you Need to Know About Setting Prices
How do you determine what price to charge for your goods and services? Do you just copy your competition, or try to undercut them? You could be missing out o...
Why Cash Flow is More Important Than Profit
Although companies exist to make a profit, it is cash that is the lifeblood of business. If more money is flowing into a company than flows out then it will...