Smart business insights
10 ways to improve cash flow management
To keep your business in good financial health and ride out the turbulence of current global uncertainty, staying on top of your cash flow management is key. Apply these 10 techniques to get started: 1. Be selective Turning down new business is not easy and needs steely resolve, but doing your research and turning down […]
Takeaway and transactions: accounting & bookkeeping for food trucks and small food businesses
If you know more about cappuccinos than cash flow, you’re not alone. Many small business owners find it tricky to understand accounting and bookkeeping. So much so, that keeping more money coming in, than money going out, is the number one challenge for small businesses across the board. While you may have originally started your […]
How long do late payments stay on a credit report?
When you’re running a small business, you may occasionally need to pull in outside help. Most suppliers will then arrange for you to have an account and extend a line of credit to your business. This line of credit then allows you to make monthly payments. While it’s essential to make payments on time and […]
Why blogging is important for your business
Blogging is a free and simple way for your business to show who you are and what you do best through content (be it written, visual or video). But don’t think you have to call it a ‘blog’ if that isn’t you. You can write useful and engaging content for your website, but call it […]
How to manage multiple social media accounts for business
Flicking between several tabs and tools for every social media account for your business can become time-consuming and a roadblock to your productivity. To start using your time better, keep reading to discover how to manage multiple social media accounts for business. We will cover: How to choose the right social media management tool How […]
Why you need financial planning in business
Without sound financial planning, a small business can run into trouble. This article will explain why you need financial planning for your business, by looking at the following areas: What is financial planning? Long-term growth and goals Smart allocation of budget Risk and crisis management Measuring profit and loss What is financial planning? The financial […]
How to present a business plan to potential investors
Presenting your business plan can be a scary prospect for business owners. Laying your hard work bare to be examined by someone who doesn’t know you or your business can feel intimidating. This article will help to prepare you to present a business plan to potential investors, through the following steps: Share the problem your […]
How to grow a small business
So, you made your dreams a reality and started your own business. Now that you are established, you might be feeling ready to take the next step. This article will talk through the following steps to grow a small business: Plan growth and scale up Invest in digital Listen to your customers Attend and host […]
Customer feedback techniques for business start-ups
What customer feedback techniques are available for business start-ups? This article will look at some of the key points for gathering feedback, including: The importance of customer feedback Customer feedback techniques for startups Method one: Just ask Method two: Use social media Method three: The all-hands approach The importance of customer feedback Feedback from your […]
Receiving international payments as a small business
COVID has changed the way small businesses work, including small businesses’ appetite for international expansion. Research shows that small businesses have turned to global sales to survive the last year, with 66% of SMEs recording an increase in online sales from overseas customers. Additionally, 73% say that international payments were a lifeline during the last […]