A list of five money saving ideas for the average small business owner.
Developing Your Employee Benefit Program
As a small business owner, your employees are among your most important assets. Their skills are only as valuable as their loyalty to your company over another employer that might draw them away.
If you're self employed but not yet turning a profit, there is no need to pay the UK Class 2 National Insurance Contributions (NICs).
When running a brick and mortar business that is selling products, every manager and owner is looking for the cheapest ways to process payments. Percentages are high and as a business owner, every tenth of a percent is vital.
Those of you in the UK running a small business either from home or an office can save money by not purchasing a BBC licence fee. You'll be saving a paltry sum of £145.50 but if your business is not yet profitable this money can instead be used for something more useful.
Invoice Finance is a service offered by a range of financial organisations to help businesses plan and manage their cash flow more effectively.
If you live in the UK, are aged 25 or over, work at least 30 hours a week and are on a low income you qualify for government benefit payments known as Tax Credits. You may also qualify if you have a child.
Are you looking to get your bank balance in order throughout 2013? If so, a finance app or two might be just what you need.
With the short, and not to mention cold, winter days having well and truly taken hold, businesses up and down the country will be noticing significantly higher energy bills, with lights and heating being used a lot more often.
There’s no question about it: a website is essential for any business. If you don’t exist on the web, it’s like you don’t exist at all.
An anecedote about how analysis paralysis cost me big when a supplier disappeared.
To make money you need to spend money; running a small business incurs all sorts of costs from paying staff salary to purchasing shipping supplies.
Keeping records of business expenses by saving your receipts need not be the headache we imagine. Setting up a simple Excel spreadsheet and religiously entering your monthly outgoings shows how the business is performing in terms of costs vs. sales.
When it comes to insurance, it’s important to know what’s what. With over half of the UK owning a smartphone, it’s clear that we value an expensive possession, and so it’s essential to know that our contents can be protected in case the unfortunate occurs.
Selling door to door requires a pedlar’s licence, and though it may be tempting to avoid the fee and plead ignorance in the event of a reprimand by the authorities, it is better to come up with a business plan and factor in the costs of obtaining the licence.
The BBC Licencing agents cannot enter your home unless you invite them in. Even if they do threaten you for not having a BBC licence, it doesn't matter, as it's only required if watching or recording live TV.
VoIP (Voice over Internet Protocol) is a technology allowing totally free PC-PC phone calls or cheap PC-landline calls through your internet connection. Having an unlimited download rate with your ISP means VoIP really does save you money.