UK Business

a blog featured image with Annette entitled What Is WIP?

What Is WIP?

Understanding and analyzing financial statements are the bane of most entrepreneurs and business owners. They often dread anything that has to do with the financial aspects of their business. Without a financial or accounting background, it would be hard to interpret the numbers written on your financial reports, thus making it challenging to come up …

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a blog featured image with a titled of What is Amortisation?

What is Amortisation?

Business owners have to face a reality that most of their assets—tangible or intangible—lose their value over time. These losses are measurable and have an impact on a business’s accounting practices. We will be tackling amortisation in this context. Amortisation is the process of quantifying the intangible assets’ gradual losses. It means spreading out the …

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a blog featured image of Annette with a focus title topic of What is EBITDA?

What is EBITDA?

EBITDA refers to a company’s earnings before deducting interest expenses, taxes, depreciation, and amortization. It is an acronym that stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. As an indicator, it is used to calculate a company’s profit-making ability or its ability to generate income for its owners. Why use EBITDA?  The advantage of using …

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a blog featured image about the topic of Profitable Business Strategies You Can Consider

Eleven Profitable Business Strategies You Can Consider

Well-planned business strategies are important for an entrepreneur to ensure success and profitability. They act as roadmaps to your business goals so long as they are effectively executed. Here are profitable business strategies. Profitable Business Strategies for 2021 Like all strategies, you need to take into consideration the many factors that are affecting the market, …

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Can I Make Myself Redundant?

Employment Redundancy The thought of unemployment usually sends a shiver down your spine. But there are some situations where redundancy or job loss is preferred because the workforce needs to be reduced. Can you ever make yourself redundant by choice? Why yes, you can. Whether it is from wanting to change careers or from wanting …

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a blog featured image which has the topic focus of how to recession proof your business

How To Recession Proof Your Business

In economics, recession pertains to two or more consecutive quarter-long temporary economic downturn experienced by a country. It is characterized by a falling gross domestic product (GDP) due to a decline in commercial activities such as working, trading, investing, and spending. It is caused by several factors such as financial, psychological, economic, and health crises. …

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Cash Flow Management for Small Businesses

Exercising good flow cash management helps you make sound investments that will maintain your competitive edge in the market. It also ensures you won’t need to resort to taking loans just to keep your small business functioning. Over the years, studies proved that a profitable business would still fail without proper cash flow control. It …

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the cover image for a blog with the topic announcement of UK Spring Budget 2021 by Chancellor Rishi Sunak

UK Spring Budget 2021 by Chancellor Rishi Sunak

Springtime is just around the corner, and we all know what that means – budgets! UK Spring Budget 2021 and grants extension. Oh, were you expecting something else? Kidding aside, let us get down to business. This previous week, Chancellor Rishi Sunak has announced a few updates that will undoubtedly impact SMEs or Small to Medium Enterprises, …

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a blog featured image entitled What Does Furlough Workers Mean In the UK

What Does Furloughed Workers Mean In the UK

The pandemic does not only affect the health and safety of society. It is also crippling the economy of all countries, hurting the livelihood of millions. The mandatory cancellations, distancing, and lockdowns are not conducive for most businesses. To keep their ventures afloat, companies do not have any other options than to furloughed workers and …

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