If you're just starting up in business, you may not have realised how important it is to stay on top of your record keeping. Although other elements of your business may seem more pressing, it is, however, essential to set aside enough time each week to ensure that your books are in order. Keep putting it off and you'll quickly find that your accounts become unmanageable.
More than half of the UK’s small businesses now operate from home, according to research from Direct Line for Business (DL4B). The 2.5 million home business owners account for 52 per cent of all small businesses and eight per cent of the total UK workforce.
New guidance for businesses on securing bank finance has been released by two leading membership organisations from the business and banking sectors. The Federation of Small Businesses (FSB) and the British Bankers’ Association (BBA) joined forces as part of Small Business Advice Week 2013, which ran from 2-8 September.
Published twice a year, the Government’s Statement of New Regulations details all regulations – including EU measures – due to come into effect over the following six months. As part of the Government’s ongoing drive to reduce the red tape burden on businesses, July’s statement introduces 11 measures: five de-regulatory measures; three new measures which are likely to cost businesses; and three of which will be zero-cost. Key measures affecting businesses include: Building and planning
We take a look at what to do, and what to avoid, when starting-up a new business. Around 400,000 businesses start up every year. It is estimated that around one third of these cease trading within the first three years. But new business owners do not set out to fail. So what steps can you take to ensure you don’t fall into the failure category? Starting up a new business can seem like a minefield.