Projecting Revenue and Expenses for Your Small Business Budget
Originally posted on Small Food Business:
As we talked about yesterday, figuring out how much revenue you’re expecting to make in the next year and calculating how much you’re going to spend is the cornerstone of a solid business budget. But how can you keep it from just feeling like you’re pulling numbers out of…
Best Laid Plans . . . . Financial Planning for 2014 Poll
The best laid plans of mice and men often go astray. So the saying goes, and with 2014 around the corner what is your business planing for the coming year? “A goal without a plan is just a wish” – Antoine de Saint-Exupery
Understanding VAT – A Small Business & Start-up Guide
The government taxes your business 20% for small profits up to £300k & 23% for all profits greater in corporation tax (2013) and then wants to tax your sales by 20% with VAT. It is a lot whichever way you look at it, but there are steps you can take to reduce your VAT bill.…
Closing the books: Year End Accounts
Keep Calm & Carry On! Not soothing words for any small business approaching year-end. Financial year end is an important part for any business, a time to reflect of the year’s achievements, successes and close off the year with a view to make the next superior. As we approach the end of the calendar year…
Should your business blog? (Infographic)
Originally posted on The Hallmark Abstract Sentinel:
In other words is the extra work and small expense that’s involved creating and updating a blog going to provide your business with a return on investment (ROI) that will make the endeavor worthwhile? The fact of the matter is that simply by you being here reading this…
Enter the SME – Insight into the World of Small Business
The SME, Small to Medium Enterprise, has traditional been over looked by media, government and the public. Since the recession of 2008 attention has been heaped on large intuitions financial practices, first the banks and more recently Google’s & Starbuck’s tax strategy. But also at the same time news agencies have started reporting on small…
4 Hardest Decisions You’ll Have to Make as a Founder
Originally posted on News Podge:
The most important skill for an entrepreneur to have is the ability to make hard decisions, according to T.A. McCann, founder of market intelligence software company Rival IQ. Last month at GeekWire’s annual Startup Day, McCann gave a talk describing the hardest decisions a startup founder will have to make. He…
5 Things a Start-up Must Do When Starting Out
For anyone thinking of going into business on their own comes the question, “Where do I start?” The key is to turn your Idea into Impact, from inception to fully fledged company. Here is what you need to do to turn your dream into a real life success. 1. Test the Market Insure there is…
Finance: Finance Glossary
Originally posted on billymurphyconfetti:
Solvency – A company’s ability to meet it’s long-term financial obligations. Indebtedness – An obligation to pay money to another party. Profit Margins – The ratio gross profits divided by net sales, usually displayed as a percentage. For example, if a company’s net sales equal £100,000 and their gross profits add up to…
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