Why does your business exist? Your purpose is three to seven words explaining why your business exists for your customers; it should be about them, not you. It is a small statement with immense power – your reason for being. EXAMPLES:Tesla: To accelerate the world’s transition to sustainable energy.Netflix: To entertain the world.Zoom: To make […]
P is for purpose, not profit Read More »
If you struggle to achieve the results you want, it’s likely you’re disregarding one of the key components of The Results Mindset formula. This formula helps to ensure our ideas are implemented, our goals are achieved, and we obtain our desired results. The formula for achieving results is: Decisions x Actions x Accountability = Results
The Results Mindset Read More »
If you run your own business, it’s tempting to bring in your own family into the company. But it’s important to think through both the positive and negative implications of employing your family. Employing your own family members can help to reduce the overall tax bill for the whole family unit. And, as an added
Should I employ family members in my business? Read More »
Cash is the fuel that powers your business. Does your business have enough capital in your company to actually fund your short, medium and longer-term goals? Whatever your business aims are, you’re likely to need some additional finance at some point along the business journey. But, how does this extra cash then benefit the growth,
Do you need better access to funding? Read More »
Advertising and marketing options are endless for any small business, but driving growth through paid activity quickly becomes expensive – particularly if you’re not seeing an immediate return. So, how can you form a deep connection with your customers without breaking the bank? Enter the podcast! Here are three reasons why podcasts are a smart
3 reasons to start a small business podcast Read More »
On your business journey, there may come a time when there’s a valid reason to suspend or cease trading as a limited company. You might be starting up a new business and feel that your current company has run its course. Or you may have decided that your current enterprise just isn’t turning out to
How do I suspend or cease trading as a limited company? Read More »
When the future looks uncertain, what can you do to prepare and strengthen your business? Recent times have certainly shown us that the future path of your business can change in an instant – usually, due to influences that are far beyond our own control. The Covid-19 pandemic and the ongoing global economic recession have
Staying afloat and thriving through a downturn Read More »
A major shakeup of VAT in the construction industry takes place in 2021 – and it’s likely to have significant implications if you’re a subcontractor working in the building sector. The VAT reverse charge was originally scheduled to start in October 2019, but has now been scheduled to start in March 2021, leaving minimal time
The VAT domestic reverse charge: what your construction business needs to know Read More »
During the early stages of the first lockdown, the Government gave the option to defer your forthcoming VAT bill until later in the year. This allowed you to put that VAT income to good use, propping up your cashflow during the lean times of the initial business shutdown. While this VAT deferral may have been
VAT deferral scheme UPDATE Read More »
