Tag: Business
Are You Getting the Tax Rebate You Deserve?
Tax rebates can be wonderful things. Waking up to a letter which promises you an unexpected sum of money is sure to put a smile on anyone’s face. But what if you never get to experience this pleasant feeling? There are many people out there who aren’t getting the tax rebates they deserve, through no […]
Your Options for Rescuing a Failing Business
It’s no secret that a lot of businesses are struggling to keep their heads above water in today’s economic climate, and sadly many smaller companies (and even some larger ones) are being forced into administration. For any businesses owner, the prospect of this is an emotionally and financially stressful thing to deal with, but what do you do if your business is close to going under? The good news is there are a few options that might just be able to save your company. Cut costs where possible The first and most obvious step you need to take is to reduce expenditure wherever possible. Hopefully, you’ll already have begun to instigate this, but if not, now is the time to start. The harsh reality is that you may need to reduce the size of your workforce, and let go of employees who aren’t crucial players in the company’s future. If you’re not yet at the stage where administration is inevitable but things just aren’t going great, then after reducing the size of your workforce you should think about relocating to smaller, cheaper offices in order to save money. Company Voluntary Arrangements (CVAs) A company voluntary arrangement allows a failing business’ directors to stay in control whilst paying off their creditors over a period of time. In order for a CVA to work, the directors must be completely committed to saving the business, and must already be taking drastic steps to cut costs. They must also have a realistic projection of potential future sales and have developed a daily cash flow model. With the help of a Licensed Insolvency Practitioner, the business’ directors and their creditors will come to an agreement regarding the rate and timescale for debt repayments. ‘Hibernate’ the business If you feel like you have no other option, you could always put your business into hibernation and give it a new lease of life when economic times are better. This isn’t likely to be an option for any business owner who’s in deep trouble, but if your business just isn’t profitable anymore, then this could be a good idea. Storing physical assets and biding your time in another job for a year or two could prove successful. It’s likely that some of your competitors will have gone into administration in the time you’ve been away, so when your business reboots you’ll have a better chance of survival.
Tamper-Evident Security Labels: Preventing Theft in the New Millennium
Everyone talks about theft of intellectual property these days, but physical property theft is just as common. Despite increased security measures, even internal employees may steal company property that’s not adequately protected. If caught, employees are subject to strict disciplinary measures but how can you deter theft and unauthorized transfer to begin with? Proactive approaches […]
4 Reasons to Leave Public Speaking to the Professionals
Debates, seminars and lectures can play a vital role in the business world. They allow employees to step back from the day-to-day grind of running a business and take a look at the bigger picture. These social and interactive gatherings encourage creative thinking, more effective communication and innovation. Don’t make the mistake of trying to […]
What Are The Benefits of Using An Accountant
An accountant can prove to be a business owner’s greatest ally when it comes to the financial side of their business. By using their in-depth knowledge to provide the best possible advice and guidance, they can make a hugely positive difference to many aspects of a business. The advice and input which will be provided […]
How Important is a London Address for your Business?
Whether you have a thriving business you are looking to take the next step with, or are considering starting up from scratch, moving your company to London is a big step to make. The capital city is arguably the heartbeat of the whole country and businesses that operate in London enjoy a certain reputation. We […]
5 Benefits of CFD Trading You Should Know About
CFD or Contract for Difference is a type of speculative trading wherein traders and investors try to take advantage of price differentiation in a mutually decided contract period. In a contract of CFD, there are two parties involved who take opposite trade positions (going long and going short). As the market takes shape, one party […]
What Would You Do If You Lost Your Income Tomorrow?
Nobody wants to think about waking up tomorrow without a steady stream of income or even any income at all. Thanks to today’s trying economic times, it is an unfortunate reality that many people have had to face. It is always important to have a detailed plan in place in the event that just such […]
Some Suggestions To Be Followed Before Entering In The World Of Social Media
The social media marketing is a common strategy used by the business personnel to enhance their rankings and profit. But the social media marketing is not actually suitable for every type of business. The business personnel and owners should explore keenly and analyze deeply that why they need to project their business through the social […]
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