Saturday, April 1, 2017

How can Small Business Owners Save Business Drowning in Debt



Companies don’t just go under because of poor management or difficult economy. They also fail for many other reasons such as accepting more orders than they can service, and running out of cash as they try to keep up. Unfair laws are another possibility. For instance, in Britain, utilities have the legal right to underestimate the energy consumption of their small business customers for years, and then back bill them for thousands. Since British businesses are often maximally credit-leveraged, they quickly founder in debt when they are subjected to business shocks of this kind. How do you handle such a situation?



Statutory Demands for Payment


If your company is in debt for more than ₤750 to any one creditor, they are legally allowed to place something called a statutory demand for payment on your business. If you find that your business is faced with such a demand, you need to either negotiate with the creditor to put a repayment plan together within three weeks, or accept the fact that they will place a winding-up petition in court to have the company liquidated. This is something that you need to avoid at all costs.

Thursday, March 16, 2017

Is Your Business Missing Out On these New Technologies?



If your Business is running on computers from 1990s, on Windows XP, and browsing with something that has the word “Explorer” in the name, you are definitely missing out on the benefits of modern technologies. In fact, you should hand your IT critter his final paycheck, and go boldly into the 21st century.

Technology is no longer some mysterious black box that no one understands. It is an integral part of our daily lives. Eschewing technological advancement is like rejecting indoor plumbing. If your business is not taking full advantage of today’s tech, you don’t look like the sage, cautious master of industry you envision. You just look like an idiot.



A bank that does not offer remote check deposit via a Smartphone camera will not even be considered by anyone younger than 35. A company without a website simply doesn’t exist to people who do most of their business online. And if you think the fax number on your business card makes you look professional, you’ve slept through the last 10 years. Here are some other technologies you don’t want to let pass you by:

There is an App for That

Sunday, February 26, 2017

Three Strategies Successful Entrepreneurs Use for Business Success



These days many people from all walks of life are getting interested in leaving their jobs and pursuing their business dreams. If you have the will and desire to start your own business you should know that beginning to think and act like an entrepreneur is the first step to bring your vision to fruition. With that thought in mind, remember that there are a plethora of success habits that entrepreneurs need to cultivate in order to ensure that they are successful at becoming an entrepreneur and a businessman. Here are three characteristics of a successful entrepreneur:



1. Focus on Self-Improvement

Entrepreneurs realize that they play a very primary and powerful role in determining how successful their businesses become. While they are oftentimes focused on external activity transpiring around them, they are also constantly thinking about ways by which they can improve themselves. This should become your habit. There are innumerable ways that you can improve, and you can get started anywhere you feel comfortable. One particularly effective strategy for self-improvement is taking care of your health. When you operate in optimal physical and mental well-being, your self-confidence increases, you attain greater clarity in thinking, and you decrease your susceptibility to a plethora of degenerative conditions such as cancer, heart disease, and diabetes.

How can Small Business Owners Save Business Drowning in Debt

Companies don’t just go under because of poor management or difficult economy. They also fail for many other reasons such as accepting mor...