Blog
Raising the Necessary Finance for Your Business Start-Up
Here are a few ideas on raising start-up cash for you to consider. Savings & Personal Investment Many people use their personal savings or maybe some redundancy money to start a new business. You might consider raising money by selling assets, such as shares or...
Summer Holidays – You Don’t Have To Spend A Fortune!
It All Mounts Up If the holiday abroad didn’t cost enough, now you have the last 3 weeks to pay for food, activities, being your teenager’s taxi service and paying for your alone time. So how to keep the spending at a minimum but still keep everyone happy is the...
Does Wedlock mean Financial Deadlock?
The average couple that marry in the UK will spend a whopping £42,000 on their wedding, not including the rings or the honeymoon. Living in such a diverse society, across different cultures the prices and importance of marriage differs. The most expensive Asian...
Contractors, Do You Go Over Budget and Miss Deadlines for Some Projects?
https://youtu.be/RVUPxpGKrzE Recently, I saw a contractor who was concerned about making losses on his contracts. I explained to him that, once he had secured a contract, he had to control two key areas. The first area was planning, job planning as well as...
Are You Considering Going into Partnership with Your Spouse and Are You Aware of the Possible Pitfalls?
https://youtu.be/oEyE7EOR8iM Recently, a husband and wife came to me explaining they wish to go into business partnership together. The first question I asked them: Did they have a partnership agreement? To which they said: No. I pointed out the three main...
Should Your Business Be Formed as a Sole Trader or Limited Company?
https://youtu.be/I_MFJv_w990 A client of mine runs his business as a sole trader even though it is very successful. He maintains his status as a sole trader is so that no information is in the public domain. If he ran his business as a limited company, he would have...
Are You a Building Contractor Who Makes Losses on Some of Your Contracts?
https://youtu.be/iUTzdVySocc A contractor recently called who was concerned about the losses he was making on some of his contracts. I explained to him that there are three key areas that he has to make sure he’s got strong controls. The first one is the production of...
Are You Claiming All The Relief That You Are Entitled to Against Your Employment?
https://youtu.be/c2tsZjZO_mw A client who works for a big international company as its manager has to drive at least 9 to 10 thousand miles a year on behalf of his employment. He is currently paid 20p per mile. Because he can claim up to 45p a mile, he is...
Does Food Drag The Profits of Your Wine Bar Down?
https://youtu.be/cdZyNzFsKsc I recently went to see a wine bar operator who was thinking of stopping the sale of his food because he was not making any profit on it. I explained to him that this was common with wine bar operators because they were more...
It’s Only Money! Some Trivia Surrounding the World of Finance!
There is actually such a thing as a gift economy or gift culture. It is a society where valuable goods and services are regularly given without any explicit agreement for immediate or future rewards (i.e. no formal quid pro quo exists). Ideally, simultaneous or...