Tag Archives: Small business tips

6 Small Business Tips and Tricks

November 10, 2023 By in Freelancing/Self-employed Tags: , , , , 4 Comments

Successfully running a small business can be demanding. Asides from the constant fear of failure, you have to shuffle between different capacities to keep your business up and running. Little wonder why most new businesses fail after the first two years.

Luckily, we would be sharing some helpful tips and tricks to simplify management and set your business up for success.

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6 Tips for Small Business Owners

Staying abreast of major drivers of business success can be beneficial to entrepreneurs who are committed to scaling their businesses. While there’s a long list of them, we’ve streamline these major factors into 6 tips and tricks that you can implement right away. They include;

1.   Build a Structure

It’s never too early to build a structure around your business. While you might not be able to afford the manpower to set up an organisation structure as a small business, having a clear cut process to getting things done is a great way to start. This would help ensure that your business is organised and you’re not constantly overwhelmed by workload.

2.   Be Flexible

As a small business owner, chances are you’re not going to have everything sorted right away. From your business model and pricing strategies to your branding, don’t be afraid to tweak things when the occasion demands.

Be open to feedback from your customers to understand what they wish could be better about your business and take active steps to improve.

3.   Ensure your products/services are easily accessible

It’s instructive to make your customers journey with your business as seamless as possible. This would involve setting up clear channels; whether it’s through social media or a responsive website. Whichever way, eliminate redundant steps and make the checkout process fast.

Also ensure that your product/service page is clear and easily navigable to ensure that customers have the best experience.

4.    Cut Costs

Since priority for small business owners is saving costs, it’s advisable to ditch the idea of getting extra hands for tools that can make your work easier. Instead of getting your own space, using a shared space or setting up a virtual business are options you can explore.

Understand your business peculiarities and look for ways to cut down on unnecessary expenses without compromising the integrity of your operations.

5.   Market within your means

Getting billboard adverts or splurging on advertisements may not be sustainable for a small business. Majorly because, it would be more meaningful to divert the funds into scaling your business.

Therefore it’s essential to take advantage of cheaper means of getting your business in the minds of your ideal customers. Options such as SEO, networking, email marketing, social media and word of mouth marketing are cost effective marketing alternatives that are reputed for yielding results.

6.   Stay Creative

It’s important to constantly look for ways to make your business relevant and stay ahead of competitors. For this reason, staying informed about industry trends and creatively adapting them to improve your business can set you up for success. Keep learning and be open to new ideas and opportunities.

There’s no quick fix for scaling a small business. It’s a marathon and not a sprint. So keep at it! Don’t be scared to refine your strategies and do your research. You’d eventually see the rewards.

 

5 Small Business Tax Tips

January 22, 2023 By in Freelancing/Self-employed Tags: , , , , , Leave a comment

*Collaborative post.

It is the start of the new year and it is a great time to get finances ready. If you are a small business owner, it is super important to stay on top of your money as this will allow you run your business more smoothly. Staying on top of your business finances also helps when it comes to sorting out the business tax. Once you are on top of your money, your will most likely find the tax season stress-free. If you are wondering how to stay on top of your small business tax, here are 5 small business tax tips you may find handy –

(Note – these tips are for informational purposes only and not a substitute for professional accounting advice)

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5 Small Business Tax Tips

Keep accurate records

It can be tricky to stay on top of finances especially when the business is really but it is important to ensure you keep accurate records. Once you have accurate records, the whole tax season will be less stressful as you will have the records ready which will ensure you pay the right tax quickly.

Hire a qualified accountant

The best way to have a stress-free tax season is to hire a qualified accountant if you can afford to. A quick online search will bring lots of results for qualified accountants in your area. You could also ask around for a recommendation. It is important you hire ac competent and qualified accountant, so do check certifications before you hire.

For instance, if you are thinking of checking accountancy membership organisations UK to find qualified accountants, ICPA is one to check. Qualified accountants are usually part of a membership organisation for accountants in practice in the UK, so it is worth checking to see if the accountant you are thinking of hiring is part of a membership organisation.

Start early

I am an early bird and I like to do certain things quickly. Filing the tax returns early means you don’t have to deal with the crazy last minute rush. It also means you don’t get any surprise last minute tax bill. Once you file your tax returns early, you can conveniently spread the payments for your tax bill and that alone takes the pressure off.

Use an accounting software

If you can afford it, use an accounting software to keep accurate records, provide accurate information, and help minimise errors. A simple spreadsheet can do the work for you but for an easier and faster experience, go for a quality accounting software.

Set money aside for your tax bill

This sounds like common sense but the truth is it is easier said than done. Have some money saved up for the tax bill definitely helps and takes the pressure off. If possible, put some money aside every month towards the tax bill.

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Are you a small business owner? What do you think of these tips? What is your number one small business tax tip? Please sound off in the comments section, let’s chat. Thanks for stopping by.

 

Why Blogging is Important for Business

June 30, 2022 By in Blogging Tips, Freelancing/Self-employed Tags: , , , , , , , 7 Comments

Having a blog on your website as a business owner is essential in the current times we are in. Gone are the days of doing everything offline. It is important to have a blog for your business regardless of the type of business you have. Blogging is a critical element to any business and if you want to keep up with the times we are in, you need an online presence for your business.

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Here are some of the reasons why blogging is super important for any business:

Blogs allow you to attract new customers

Blogs are excellent marketing tools you can use to attract new customers to your business. If done properly using SEO techniques, you can quickly grow your business just by blogging. It amazes me how many business owners overlook this fab marketing tip. Having a business website without a blog is a poor marketing technique. Blogs allow businesses to gain visibility online which usually leads to more customers. To make the most of the digital marketing platform, you need a great hostgator website builder to create the right look for your business.

Blogs help you keep your customers engaged

As a business owner, you want your customers to remember the products/services you offer. There’s competition everywhere and you need to ensure your business stands out from the rest. You can easily do this with a well-optimised blog. Keeping your customers engaged can be done through sharing content that relates to the industry you are in and the products/services you offer.

You can share useful content

Having a blog allows you to share useful content that would increase your visibility on search engines and benefit your readers/followers. There is always new information to share in any niche/industry, which means a blog can never run out of useful content to share.

Make money from your blog

Your blog can also generate separate income for you outside of your regular business. The more you share quality posts, the more your blog would grow, and that means more money for your business.

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The benefits of having a blog as a business owner are endless. It is super important to have a blog alongside your business website. Having said that, I know it can be tricky to run a successful blog alongside your business when writing is not your thing. This is where the copywriters like myself come in. All you need to do is to hire a freelance copywriter and let them handle the blogging side of things while you focus on the business. Do get in touch if you need a professional copywriter. You can grab my contact details here.

 

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