Did you know that poor cash flow management accounts for 82% of small business failures? There is more to cash flow than just a number. It is essential to your company. Nonetheless, a lot of business owners still rely on spreadsheets, which puts them at risk for mistakes, late payments, and financial blind spots. Consider […]
Even if you're not super in tune with what's going on in the world, you've definitely heard of Elon Musk. This business magnate from South Africa is worth an estimated $21.8 billion. He may be well-known for his involvement with SpaceX and Tesla Motors, but he's involved in many other technologically advanced projects that you […]
When it comes to managing cash, things can become a lot more complicated if a business is trading internationally, so businesses considering exporting goods for the first time should take care to plan ahead. Nick Farmer, Partner and international trading specialist at Menzies LLP, below explains the process of managing cash and the payments cycle […]
Astonishing new data has revealed that the five wealthiest entrepreneurs in the world have a whopping combined net worth of more than £319 billion. From Amazon founder, Jeff Bezos, to Facebook creator, Mark Zuckerberg - the world’s five foremost self-made business owners earn well into the billion dollar bracket. Despite many businesses and thought leaders […]
With GDPR at the gates (May 2018) Lawyer monthly hears from Andrea Tricoli at Expressly on the opportunities available for monetising on the regulation, as opposed to letting it damage your business. We live in the Age of Disruption, so it never ceases to amaze me when marketers, of all people, have a knee-jerk reaction […]
Payments may represent the final interaction point between retailer and consumer for a given transaction, but businesses need to think of it as the start of the customer’s next purchase journey. When money exchanges hands in-store or card payments are completed offline or online, it represents the first opportunity to ensure a customer wants to […]
Sage research has found that small businesses are spending an average of 120 working hours a year on administrative tasks. It revealed that an average of 5.6% of staff time in each UK-based small business is used doing back-office tasks, because firms do not have sufficient systems to deal with them. It also unveiled that if […]
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