Tweak Your Biz » Finance

Starting a small business in the United Kingdom is no easy task, especially if your company is operating within a competitive industry and/or you’re based in a densely populated area where the cost of operating is usually more expensive than in rural areas. Although many businesses go under in the UK every year, the Insolvency Act and surrounding legislation has introduced formal Court procedures that can help a company escape the threat of liquidation and dissolution. If you’re a…

You’ve just started a small business and have gained a good understanding of your trade. But when it comes to budgeting, you’re lacking the necessary skills. Don’t be disappointed as for every problem, there is a solution. With the help of six simple guidelines, you’ll be able to plan your small business budget ably. But before we start the discussion, let’s find out about the significance of right budgeting and important budgeting techniques. Why proper budgeting is…

Some of the biggest names in the industry today like Apple, and Hershey’s began their journey as home based businesses before going on to become well-known corporations. This fact alone gives you an idea of the tremendous potential of home based businesses. One of the biggest benefits of starting a home based business is that you are the master of your own time, working from the comforts of your home. You can work longer hours or shorter hours; you can work alone or hire a few people to work…

If you are one among the aspiring entrepreneurs wanting to start their own business, the first thing that you need to secure is how to fund your business. Every start up business always needs financing and you can either shoulder it using your own fund if you have sufficient savings or to look for a business loan to get you started. It is good to know that there are many business financing options that are available for you to get your financial resources in order to start up a small business.…

The summertime isn’t very kind to many small business owners. As they sweat in the sweltering heat of July and August, small business owners often struggle to cope with reduced sales and seasonality. What’s a small business owner to do? Plenty!! Summer may be the time for customers to lounge, but business owners should be doing the opposite. With slowed sales, entrepreneurs looking to enhance their businesses should consider shifting their focus to development. Why worry about increasing…

After helping small biz owners for more than 22 years, Intuit is teaming up with Jimmy Johnson to give small businesses the chance to play among the MVPs and win their very own 30-second television advertisement that will air during the Big Game on February 2. Small business owners can visit the Small Business Big Game website to sign-up for the competition. Just for entering, participants will receive the Intuit Small Business Playbook, a guide on hot topics for small businesses, and an…

Ireland’s 12.5% corporate tax regime has been under the microscope of late with a lot of media comment, much of it unfavourable, emanating from the US in particular. I thought it would be worthwhile to try to cut through the hysteria and hype in this post, by reverting to the facts and calm commentary, while emphasising exactly why Ireland continues to be a great location to establish a business. Ireland is an island on the periphery of Europe that punches far above its weight in the…

Funding a business from the start can of course be a costly affair, but the truth of the matter is that it does not have to be as complicated as you may have initially feared. Instead, with the correct strategy and advice, you should be able to unearth more than enough money to allow you to start your business without endangering the potential future success of your company. The 35% Rule When it comes to funding there is one major golden rule that must be obeyed. Never borrow more than…

In our last two blogs, we discussed how to approach banks with a request for financing and how to decide which banks you would approach. In this blog we discuss the criteria used by banks in deciding to grant credit. Traditionally, the granting of credit was based on the three Cs; Character, Capital and Capacity. While many things have changed in our economy over the last fifty years, the three Cs are basically the same and control the granting of credit in the 21st century. The difference is…

The following post is sponsored by Intuit.   CPAs know how inefficient it can be for themselves and their clients when they have to request data files from the past. In this video, Bryce Forney is a CPA who has successfully used Intuit’s cloud-based QuickBooks Online Accountant to help him meet his customers’ needs year-round. All the data he needs is always at his fingertips in the cloud, so he never has to inconvenience his clients for information when answering a tax-related…