A Guide to Credit Control for Small Business Owners

Credit control is the process by which businesses extend credit to customers in order to make it easier for them to purchase a good or service. This could be by delaying payment or breaking down the total purchase amount into more manageable instalments. This strategy drives up sales but it’s important to be careful about […]

5 Simple but Effective Marketing Ideas for Small Businesses in 2021

It’s no secret that the world changed drastically in 2020 and whilst some of those changes were temporary, the way we do business has shifted forever. As a result, the way that small businesses market themselves must shift, too. This situation certainly presents its fair share of challenges and yet the move towards contactless fulfilment […]

5 Powerful Growth Strategies for Your Small Business

Every business owner starts out brimming with motivation and enthusiasm, and yet according to the US Bureau of Labor Statistics, 20% of small businesses fail within the first year. Jump ahead to five years and that number rises to a terrifying 70%. These numbers are alarming, but that doesn’t mean you should throw in the […]

4 Effective Ways to Accelerate the Growth of Your Small Business

Growing your small business is incredibly exciting, but it’s often a nerve-wracking experience at the same time. Growth requires you to invest a significant amount of time and money, and it can take a while before you begin to reap the rewards. This article contains powerful tips to accelerate the growth of your small business […]

5 Strategic Money Saving Tips for Startup Businesses

Launching a new business certainly doesn’t come cheap, and every penny really does count during the startup stage. Creating a business budget is one thing; sticking to it is quite another. Running out of money is one of the biggest reasons that startups fail, so we’ve compiled a list of useful money-saving tips to help […]

The 6 Most Important Numbers You Need to Know to Grow Your Small Business

In order to grow your business, you need to understand how you’re faring. Financial numbers provide you with an accurate picture of your performance, but as a busy business owner it’s unlikely that you have the time or the inclination to spend hours pouring over complex numbers. However, ignoring your financial numbers is likely to […]

Six Steps for Creating an Effective Business Budget

Every business owner must know where the money in their company comes from and where it goes. That’s why financial management is one of the most important things to keep in mind. What is a business budget? Simply put, it’s a financial plan that gives a company relevant information on revenue, expenditure, and capital. Business […]

The Profit-Boosting Benefits of Digitising Your Small Business

There’s never been a better time to digitise your small business. The past few years have highlighted the importance of organisational agility and digitisation greatly strengthens this, allowing for rapid innovation and adaptation to market shifts. Furthermore, a Microsoft study of 23 Singaporean companies found that small and medium businesses (SMEs) stand to increase their […]