Starting a part-time business
Not ready to take the leap, consider a business on the side while keeping your main employment.
Having a full-time job is, for many people, the path to job security and financial security. While employment is a more comfortable choice when compared to setting up, owning and running one’s own business, the pace of technology growth and a less than stable economy in recent times have…
Small Business: Protect your business against fraud
Learn how to recognise common fraud and protect your business.
According to the National Crime Agency (NCA), the estimated annual cost of fraud in the UK is about £190 billion. Victims of fraud are varied – they could be individuals, major corporations, public sectors, and of course, small businesses, which make up 99.9% of the business population.
The NCA believes that private sector is…
Small Business: Adapting to changes in social media
Many small businesses view social media as an important component in the marketing mix, but have you kept up with the changes?
Many social media services that we are familiar with today are well over a decade old, with some approaching 20 years soon. Yet many of them don’t remain still – they continue to evolve and adapt, pushing out new features that aim to make communication easier. In…
Small business: Gain competitive advantage through outsourcing
Outsourcing allows small business owners to optimise the use of resources and achieve maximum customer value.
In today’s business ecosystem, small business owners are familiar with the concept of outsourcing, which is to use third parties to perform work that is normally done within a company, as the third parties can provide a better service at a lower cost.
At TaxAgility, we have a team…
Small Business: Delivering excellent customer service
Customer service is a skill which all of us can learn and improve upon.
It is said that the main reason for customer churn is not price, but bad customer service. Many unhappy customers simply don’t return, especially in today’s world where there are plenty of alternatives and choices available. On the other hand, happy customers can help your business grow, as they tend to purchase more and…
An update on COVID-19 support available to small businesses
As the daily number of people tested positive for COVID-19 continues to rise across England, many businesses and self-employed individuals are bracing for tighter restrictions.
(Updated on 7 November 2020)
On Friday (30 October), as the Furlough Scheme was coming to an end, we wrote this blog to talk about the Job Support Scheme (JSS) and other measures. But a day later, Prime Minister…
Small Business: Simplify marketing to increase sales
Every business needs to market their brand, products and services. Have you done enough to create awareness, attract new customers and build relationships?
Marketing is a process where you (the business owner) identify your unique selling proposition (USP), profile your target market, communicate your brand and your USP to the target market, persuade them that your products and services can…
Small Business: Managing business risk
Knowing how to identify and manage risk is essential for a small business to survive, operate and prosper amid competition and uncertainty.
“Tell me about the biggest risk you’ve taken in your life.”
If you were to ask this question to small business owners, chances are you would hear them all talking about taking risks to launch their respective business.
Entrepreneurs tend to embrace…
Small Business: Planning and optimising your workforce
The aim of workforce planning is to align your people strategy with short-term changes and long-term goals.
As dedicated small business accountants in London working with entrepreneurs from various sectors, we have the privilege of meeting driven small business owners to exchange ideas and share knowledge. One of the topics that crop up regularly in discussions is human resources.…
Small Business: Win customers with a strong online presence
Creating a successful online presence can help you reach a larger audience, but are you doing it right?
Not so long ago, having an information website was enough for many companies. But with the advancement in technology and greater connectivity, many companies are expected to expand their digital capabilities to meet the ever-changing needs of customers. As a result, nowadays it is fairly…