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As we all know, when you’re starting a business, getting advice and support from people who truly “get” your idea is an absolute must. For traditional businesses, that can be pretty straightforward, however if your startup is a digital one, that is unfortunately not always the case. Our latest Startup of the Week is on a mission to change all that - in one area in particular &nd...
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What is negative cash flow & how can you try to recover from it? Here are some handy tips for your business should negative cash flow occur, care of Patriot Software, LLC, a US based provider of affordable payroll and accounting software."If cash isn’t flowing into your business as fast as you’re spending it, you might need a boost. In fact, 82% of businesses failures are a re...
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Making Tax Digital (MTD) is set to bring about the biggest change to the UK’s tax system for a generation, with online tax submissions soon to be the only option for the majority of self-employed taxpayers and paper tax returns likely to become a thing of the past. So what does MTD and the new era of digital tax mean for you and your small business? Here are four things you need to know care...
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Let’s face it - we’ve all been there at one time or another. Patiently counting down the days until we get paid again. And it’s something which as an employee, is pretty much out of our control. After all, in most cases, we start a job, are given a salary and then our employer decides how and when they will pay us. Although we might be able to negotiate the odd pay rise, we ca...
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Whilst in general terms online banking may make handling our finances a lot easier, it can still be a complex affair - particularly if we have multiple accounts, cards or savings schemes to contend with. That however need no longer be the case thanks to our latest Startup of the Week which is on a mission to simplify all things finance. Bud is an online platform and app which is in many respects...
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No matter what sector your startup is in, it’s a given that you’ll need to keep track of the finances from the off. Proper monitoring of the business’ income and outgoings is therefore an absolute must. After all, how else can you assess how your business is doing and most importantly make plans for the future. Whilst this might be an essential task, it can also be a pretty ...
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Our last two venture capitalist articles covered the questions to expect and to ask at a VC meeting, and how to get the most out of a VC meeting. We promised to go over how the process works and give some more insight into what to expect from the process of gaining capital from a VC. First, let’s start with the basics. A venture capitalist - in the form of an individual, partnership, firm, ...
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We mentioned in our article about getting the most out of a meeting with a VC that you should expect some tough questions from them, and that there are some questions you should ask in return. The meeting should not be one-sided - this is the opportunity to open a dialogue with someone who could be the key to your success, and to start building a relationship with them. Although the main objective...
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If the New Year has given you the motivation to start that new business you’ve been thinking of for a while, there will be a lot to consider and plan in the coming weeks. We have put together this 10 area starting-a-business checklist to help you a little, rounding up some of our most useful beginner articles on the subject, plus some top content from around the internet.   Concept st...
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Creating a cashflow forecast is integral to maintaining the financial health of your business. If you don’t keep an eye on the money coming in and going out, and keep at least one step ahead of it, you could find yourself in hot water. They can take some time to put together but, in the end, it’s worth it. So here are some tips to think about if you are creating your first cashflow for...
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