Why Haven’t I Made a Profit Yet

Why Haven’t I Made a Profit Yet?

It’s not meant to demoralise you, but even if you work your absolute hardest it’s generally accepted that a new business will struggle to see much profit over the first couple of years. In some cases you might be putting in so many hours against what you’re earning, that your hourly rate is well below…

The KPIs You Need to Improve Your Business Accounting

The KPIs You Need to Improve Your Business Accounting

Key Performance Indicators, or KPIs for short, are a tool used to set targets and assess how successfully they have been reached. They’re often used in customer service departments. If you’ve ever been asked to complete a customer satisfaction survey after dealing with a brand, your answers will feed into their KPIs. This sort of…

Preparing Your Small Business for a Possible Recession

Preparing Your Small Business for a Possible Recession

Less than eight weeks ago, newspaper headlines warned that the UK was facing the highest risk of recession since the financial crisis of 2008. Businesses went into blind panic Brexit scaremongering was heightened (again). Flash forward to this month and the press are painting quite a different picture. Throughout July, businesses across the board experienced…