We’re fairly certain you didn’t start your business to become a business, marketing or financial expert. We suspect most of you started your business to do what ever you are passionate about or just really good at! What you probably found very quickly is that what your business actually does consumes most of your day. But maybe you’ve come to find that general information, tips and advice from others has been essential to the survival and growth of your business. Well, if that’s the case, you’re not alone.
Since The Business Hut began in 2014 we have taken on so much advice from friends, family and clients. This has helped us to not only to continue to grow but to also really enjoy what we are doing. So we thought we would share some of the golden nuggets of information from other successful business owners – that could just help you too. We particularly like the advice from William Chase – what advice do you think will help you?
Whether you’re a new business owner or you’ve been up and running for several years, it’s important to have your basics well covered if you hope to have success.
First, you need to know what you want your success to look like and implement a plan to get there. You need to understand your products or services and how they fit into the marketplace. If you understand this then you can clearly communicate that to your potential customers.
In short, these are the key things we believe every small business owner must have in place in order to have a successful 2017:
At The Business Hut we love lists, neatly coloured folders and a tidy desk. But we realise it’s not always that simple.
We’ve put together just a few tips on how you can get organised for the year ahead. Perhaps it’s a new tax year and you’re determined to make it a little easier on yourself this year. If you need some help with the mountain of admin, Bookkeeping or your next Tax Return, get in touch… firstname.lastname@example.org.
We couldn’t talk organisation and preparation without mentioning our favourite organiser – Monica “I just happen to have my label maker” Geller.
Click and play for a giggle…
The Business Hut’s Top 5 Organisational Tips
1. Clean, organise and tidy your desk!
Like we always say, “tidy desk, tidy mind”! The smallest of changes can really make a difference to your working day. Get rid of old paperwork from 2012, invest in some pretty files and get them labelled! And never put the word “Misc” on any file – once you put it down you’re likely to completely forget what random items are on it anyway! If you can say out loud what the file is, you have your label.
2. Get on the cloud
Develop an electronic system or make a small investment in Xero. A little bit of organisation can really make a huge difference when it comes to your taxes. You’ve just been through the process, so by now you should know what you need to do to get organised. We can help with everything from conversion to training!
3. Keep a file handy for loose receipts
It could be on your desk at work, in your car or stuck to your fridge at home, but having this on hand for those loose receipts will be a saviour. It will help to minimise lost receipts and save you time searching high and low for missing ones when tax time creeps up on you. With Xero you can also add them via your camera on your smartphone – so no more lost receipts!
4. Ask for advice
Ask your accountant or bookkeeper for their tips. Utilise their knowledge and experience! Ask about new schemes, accountancy software and how to get organised for the coming year. Don’t forget, being more organised can you and your accountant/bookkeeper time, this saving you money!
5. Book a free consultation with The Business Hut
Come and see how we can improve your daily organisation to better help you prepare your finances and save for that tax bill.
Heres a “A general guide to keeping records for your tax return” from HMRC. You’ll find some useful information to keeping records and preparation.
Once you’ve got your financial paperwork organised and securely stored in the cloud, we recommend keeping on top of it! The Business Hut can assist with your well-organised books and admin tasks. When your books are well organised, adding a new expense can take just two minutes, and you won’t have to worry about a pile of receipts building up on your desk.
Telephone: 01858 289189
We often meet new clients and local businesses that are flourishing and growing beyond their expectations. They soon face the challenge of deciding whether or not to employ new staff or outsource their work to meet a growing demand.
This week we’ve been looking at the options available when employing or outsourcing. The decision is ultimately one that best meets your business needs, budgets and work load. Nonetheless, you should consider the pros and cons of both sides before you act. It could be the difference in the success of your business moving forward.
In today’s society, it’s easy to see that brands are more important now than ever. Brands appeal more to our psychology than you might think. Brands convey a uniform quality, credibility and experience. Brands are valuable.
So what exactly is branding? And why is it so important for your business? Branding goes way beyond just a logo or element. When you think about your brand you really want to think about everything, from your logo to your social media experience, the way you communicate with your customers and your employee experiences. We’ve put together our Top 10 Reasons for considering and building your own branding. We truly believe in the importance of branding and we think you will too!