Category Archives: Uncategorized

Great business leaders come in many different forms. They bring people together, lead staff towards a common goal, and keep people updated about where a company is heading. They should also keep staff energised in good times and bad. Here are five ways to take your leadership to the next level. 1. Create a sharedContinueContinue reading “Your Business Leadership Checklist”

Your business plan is the sat-nav that keeps the company moving in the right direction. Having that guidance can be a massive benefit to your success as a business. But what elements should you include, and what are the main considerations to think about? A detailed business plan will generally include A clear direction forContinueContinue reading “Business Plan Guide”

Paid leave — your employees’ entitlements All employees are entitled to paid days off for: annual leave public holidays sick leave family violence leave bereavement leave parental leave alternative holidays. Holidays and leave entitlements Payment for annual leave Annual leave is calculated differently to all other types of leave. When an employee is on annualContinueContinue reading “Paying your employees for leave”

We know you’d rather be working on securing more leads and opportunities to grow. But keeping an eye on costs and tweaking as needed may free up cash flow to give you extra headroom for the exciting stuff. Break down your expenses and analyse them critically. Some are essentials but others can just creep upContinueContinue reading “Overheads – under control”

Being the boss means you get to make all the big decisions about your business – including how much to pay yourself in wages, salary or drawings. As the owner, you might need to underpay yourself in the early stages of building your business, so you can reinvest the profits. But your time is valuableContinueContinue reading “How much should you pay yourself?”

Economic uncertainty is an ongoing worry for any business owner. You can control your own financial management, but you don’t have any direct control over the wider macro-economy. And in the first few years of the 2020s, there have certainly been plenty of tricky ups and downs for your business to navigate. Current economic uncertaintyContinueContinue reading “5 ways to overcome economic uncertainty”

Like it or not, all companies have a culture. While it might be easy to define culture in nice words, it can be much harder to grab hold of in daily business, especially when times get tough. A strong company culture is a driving force, underpinning a successful, resilient team. It shouldn’t be ignored, especiallyContinueContinue reading “Top tips for building a strong company culture”

Positive cashflow is the beating heart of your business. Dive into our Plain English guide to cashflow and find out how to get in complete control of your cash position. What is cashflow? Cashflow refers to the movement of money into and out of your business over a specific period. In the most basic terms,ContinueContinue reading “Plain English guide to cashflow”

Your profit and loss statement (P&L) helps you understand your business performance and profitability over time. It’s sometimes called an Income statement and its main purpose is to list income and expenditure. Whereas a balance sheet is a snapshot in time, the P&L shows transactions over a specific period of time. This can be aContinueContinue reading “Understanding Your Profit & Loss Statement”

Incurring expenses is an unavoidable fact of running a business. But which expenses can you claim tax deductions against and which don’t meet the tax-free criteria? Here’s our lowdown on which expenses you can claim against tax. Which business expenses can you claim deductions against? If your business expense is directly related to earning yourContinueContinue reading “Which business expenses can you claim against tax?”