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Profit and Loss Account explained
Knowledge
Profit and Loss Account explained Businesses succeed or fail based on their ability to make a profit. Generate more cash coming into your business than going out as costs , and your business is on solid ground. That’s why understanding your business’s profit and loss account is a critical measure […]
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YouTube video marketing tips
Knowledge
YouTube video marketing tips With nearly two billion users viewing millions of hours of video each day, your business can't afford to miss out on the marketing behemoth that YouTube has become. It's the world's second most-visited website in the world and is free to use. With a YouTube marketing […]
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How to become a childminder
Knowledge
How to become a childminder With more parents returning to work than ever before, becoming a childminder can be a rewarding business. According to the Money Advice Service , the average childminder charges around £217.30 per week to mind a child aged under two full-time, increasing to £284.21 in […]
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Understanding copyright law
Knowledge
Understanding copyright law If you create something original – from a song or photo to an article or design – copyright prevents others from copying, republishing it or distributing it without your permission. Most small businesses encounter copyright law when they want to use something that was […]
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Product liability insurance
Knowledge
Product liability insurance Product liability insurance is essential for any business that produces or sells goods. It protects you against legal claims for damage or injury caused by your products, including defending claims so you can go about your business without worry. Most small businesses […]
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Twitter marketing tips for a small business
Knowledge
Twitter marketing tips for a small business Twitter is an amazing place to discover new things and start conversations. It's a great platform for your business, allowing you to reach out to your loyal customers and engage with a community that cares about your products and services. Recent research […]
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Trademark vs copyright: what’s the difference?
Knowledge
Trademark vs copyright: what’s the difference? Protecting your business assets is vital, and trademark and copyright play essential roles in securing the intellectual property your business creates. From logos and signage to marketing slogans and packaging designs, keeping your intellectual […]
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What is trade credit? How does it work?
Knowledge
What is trade credit? How does it work? Trade credit is similar to a high-street sofa store selling furniture on a 'buy now, pay later with zero interest' promotion. Yet instead of consumer goods, trade credit is typically offered to businesses buying materials, equipment and even services without […]
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Trade credit advantages and disadvantages
Knowledge
Trade credit advantages and disadvantages Understanding trade credit advantages and disadvantages is crucial to helping you decide whether you should offer trade credit to customers or use trade credit when buying supplies for your business. Trade credit can be a lifeline for business cash flow, […]
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How to find a business partner
Knowledge
How to find a business partner Starting a business solo can be daunting. In the early days you'll be wearing lots of different hats - from marketing and sales to financial control and admin - as well needing to remain committed and enthusiastic about launching a business. That's why many […]