Keeping on top of your finances and business accounts comes part and parcel with being a business owner. Part of your job is ensuring you are keeping track of the numbers so that you know how much profit you are making, as well as your outgoings so that you can make a decision as to whether you need to cut down on business expenses or whether there is room in the budget to bring on another employee.Not all of us are number savvy or understand where to start when it comes to keeping on top of … [Read more...] about The Best Financial Tips for Business Owners
It is the responsibility of the employer to provide a safe working environment for their staff and there are dangers and hazards in every workplace. Health and safety are of huge importance in every industry and this is an area that has undergone significant change over the years to protect employees.The Industrial RevolutionThe working conditions during the industrial revolution would shock by today’s standards with people and even children working in hazardous factory conditions with … [Read more...] about How has Health & Safety in the Workplace Improved?
As the world becomes more advanced and developed, the business industry has also taken upon itself to improve its unit of operations. They've made notable changes in their marketing strategies, moving from traditional to contemporary methods. The use of digital media in promoting the business, its brand, and its product or service is becoming common now. However, with innovative and creative mindsets, marketers are coming up with effective digital marketing strategies integrated with the tried … [Read more...] about Top Link Building Strategies For 2021
Building a startup from scratch is an uphill battle that takes discipline, hard work, and a little luck. And that’s disregarding the countless businesses that cease operations beforehand.Anecdotal evidence says that startups may even take three years or more to achieve a positive net cash flow.With such a finicky and delicate position, entrepreneurs face an age-old dilemma.Should I pay myself a salary or should I leave it on the business?The answer is YES, and here’s … [Read more...] about Should You Pay Yourself In The Early Stages Of Your Business
No matter the size, collecting and organising data can be incredibly powerful for any business.Why? Because data can accomplish a myriad of things. It gives you a good picture of who your customer is, it improves profitability, and it improves your business’s efficiency.And if you fail to capitalise on project management tools and software systems that present relevant data to you in a clear-cut manner — you’ll fall behind in a world where technological tools continue to dominate across … [Read more...] about Using Data To Grow Your Company
While the pandemic has shown that it is impossible to predict what the near future looks like, many experts are now making their economic predictions for 2021 with the roadmap to normality outlined and the easing of restrictions starting. So, what might the economic recovery look like this year?Unemployment on the RiseRedundancies were rising at the fastest rate on record towards the end of 2020 even with the furlough scheme, so when this closes at the end of April (after several … [Read more...] about How is the UK Economy Expected to Perform in 2021?
Higher Education is an increasingly important area across the UK but it doesn’t mean that different issues don’t arise. As an area that has a huge variety of people from different backgrounds, ages, etc. students, teachers’ lecturers, etc. are all going to have some issues arise and it’s important to be prepared for them if they do eventually occur.Continuous Increases in CostsAs costs to run a Higher Education facility continue to rise, this must be carefully … [Read more...] about What are some of the Common Issues that can arise in UK Higher Education?
Starting your own business is always an exciting venture, and one of the first decisions you must make is how you will structure it.Many people choose to build a limited company. If you decide to build a business in this way, you will split ownership into an equal number of shares between partners. There are many advantages to choosing the structure of a limited company. Sharing responsibilities eases the stress of managing all aspects of the business by yourself, and sharing costs eases … [Read more...] about Do You Make These 3 Mistakes as a Sole Trader?
The financial technology (fintech) sector is in a precarious yet prospective position right now. The ongoing pandemic has fast-tracked the adoption of systems like cashless payments and electronic loan applications. More people feel less compelled to exchange paper cash or appear in person to apply for a loan, given the risk of spreading the infection and prolonging the crisis.Canada has a growing fintech market, among the top ten alongside the U.S., The Netherlands, and Australia. According … [Read more...] about Canadian Fintech 101: What’s New In Lending?
Whether your company is a startup or a growing business, and you need a comfortable working space for your business, a shared office space would be a good option for you. A co-working space can help your business in many ways. A co-working space would help lower your expenses. You will also enjoy the flexibility that comes with a workspace.Before choosing a co-working space for your business, there are certain questions you need to ask yourself. Asking the right questions would help you make … [Read more...] about Essential Questions to Ask When Choosing a Co-working Space
A workplace injury can be an enormously costly thing. Depending on the severity, it might put the affected person out of action for weeks, months, or even longer. In some cases, the workers might have to seek other forms of work – and they might even seek legal redress.According to the Health and Safety Executive, the annual cost of work-related injury in 2018/2019 was around £5.6 billion. This includes around 6.3 million working days lost. As such, there’s not only a moral imperative to … [Read more...] about How Common are Injuries in the Workplace?