Last year saw business confidence plummet in the UK, against the backdrop of Brexit and sustained economic decline. SMEs in the UK were hit particularly hard, with confidence amongst these ventures down by 20% in relation to 2017. As business confidence dwindles, firms are likely to adopt an increasingly conservative approach that focuses primarily on […]
Saving Money
Do This for Your Employees and See 3 Major Costs Plummet
When it comes to your business, there’s one thing you need to think about above all else: your employees. That’s never been truer than in the climate we currently live in. In 2018 it was reported that self-employment was rising in the UK—but why? Well, aside from being your own boss, it would appear that […]
3 Ways Utility Broker Services Save Your Business Time & Money
A business, whether it is a start-up or a known establishment, still needs all the help that it can get. Operating costs can be expensive not just in price but in your most valuable commodities—time and convenience. Utilities are often an overlooked matter. It is not just about getting the more affordable deal anymore—it is […]
7 Unusual Free Marketing Tools for Your Organization
Periodically, I come across unusual tools you may find beneficial for marketing your small-to-medium business or nonprofit organization. These aren’t necessarily top of mind or well known, but they can certainly solve some of your common problems. 1. Nameshouts If you’ve ever come across a prospect’s or customer’s name that you don’t know how to pronounce, […]
10 Best Cost Cutting Ideas for Small Businesses
There’s no point in sugaring coating this: running your own business is hard. Very hard. According to FastCompany, after the first 5 years, only about half of all small businesses in the US make it to the 6th. Small businesses are constantly squeezed by increased expenses, making controlling costs more important than ever. Below are […]
How to Brand Your Small Business on a Budget
Effective brand messaging is one of the surefire ways to ensure a business’ success. Every business has a general image that represents its values, expertise, and service. However, not every business has a well-developed image, complete with a voice, a memorable logo, and an overall persona. When you’re just starting out, however, it can be […]
The Evolving Overseas Money Transfer Industry Helping Small Businesses
Small businesses that needed to make or receive international payments had to deal with high costs, extensive paperwork, and long processing times until not so long ago. This was when access to the institutional foreign exchange market limited to banks, governments, and large businesses. Now, technological advances have ensured that small and mid-sized businesses can […]
Why Every Business Owner Should Have a Rainy Day Fund
Even if trading is very successful for your business, you can never be too sure of what dangers lie ahead. If your sales begin to dry up, running costs skyrocket or an unexpected expense messes up your balance sheets, it pays to have a little insurance. To weather a coming financial storm, consider setting up […]
4 Proven Ways to Reduce Your Business Energy Costs
As an entrepreneur and business owner, you know it’s not simple: you always need to keep the organization and productivity flowing in the workplace, create a teamwork-driven environment, collaborate with your employees, and so much more. But as you’re checking things off the list to constantly take care of, do your energy costs come up […]
4 Easy Ways Your Small Business Can Reduce Monthly Expenses
For some small businesses, revenues can fluctuate from month to month. A month of feasting can suddenly give way to a month of famine. And though it’s admittedly not easy to control revenue flow, you have some power over monthly expenses. When you’re a small business owner, you probably can’t put the firm on autopilot […]
