Business Coaches – Improving your Financial Situation

Business coaches provide services for businesses to help them grow and thrive. Whilst most are not financially involved per se (they will not lend money or give direct financial or investment advice), a good coach will help you to become more profitable. This can be a good step towards rectifying any financial difficulties you may be having. Business coaches can help you in a variety of ways. If you contact a coach with the aim of making your business more profitable, they will be able to advise you on strategies to generate more income. They will usually spend some time observing your business and looking into your systems and methods, in order to establish where changes can be made. They will then help you devise strategies to push your business in the right direction. A coach can be just what a struggling business or new business venture needs. Experienced coaches...

Do you Need a Bookkeeper?

A bookkeeper can be a vital resource for a business. They will keep track of everyday costs and transactions, making sure the books always balance. They will not be able to do as much as an accountant but if you just need some basic help with finances, a bookkeeper could be exactly what you are looking for. You could hire a full-time bookkeeper or you could hire someone through an agency to do the books for you. It depends on how much work you will be able to offer them. A bookkeeper may not necessarily have any formal qualifications but if they do, they would probably expect you to pay them a good salary. If you are a sole trader or own a business, the finances can become difficult to keep track of alone. Hiring a bookkeeper to take care of everyday finances and tax returns could be the best...

Start Up Loan Opportunities For The Creative Industry

If you are starting up a business in the creative industry and are aged between 18-30 needing a loan in Scotland, then you should have a look at The Prince’s Trust and their Youth Business Scotland programme. If you meet the criteria, then you can try and apply for a loan up to £5000. You also may be able to receive a grant of £1000, and also receive support, advice, networking opportunities, finance management advice etc. Businesses that are deemed as eligible for support; Music Literature Publishing Film/Video Product Design (Craft, Fashion and Textiles) Digital Media Performing Arts (theatre, dance) Visual Artists/Galleries Community Arts Have a look at the Princes Trust’s website for more information.

Green Business Schemes

For many businesses, going green presents some truly great benefits. You have the ability to get tax deductions for demonstrating an awareness of your impact on the ecology, and of course, you are also likely to help improve the impressions your brand creates in the eyes of the public at large. Depending upon how much you reduce your carbon footprint by, you’re likely going to receive different amounts of money through tax deductions. If you’re from one industrial sector or another, this may also cause some changes to how much you receive for your efforts. So, a business in the industrial industry (known for being huge contributors of carbon dioxide and other greenhouse gases) which manages to significantly reduce their carbon footprint will likely receive more money than most other businesses. Even with all of these potential benefits for your efforts, there is real social and ecological benefit to taking...

Government Business Funding

There are many different government schemes for businesses and that doesn’t just relate to loans; grants are also obtainable. A grant is essentially money that doesn’t need to be paid back, it’s ‘granted’ to you, and some government-backed grants can be offered if you’re business is supporting society. You don’t necessarily have to be a charity organisation to acquire grants, and grants can be given out for your businesses involvement in a good cause. If your company is environmentally friendly and one of your main aims is to raise awareness, than grants can be awarded to your business for its efforts, and this is just one example. There are many possibilities out there, but it must be said that they’re not handed out lightly. If your business ffers apprenticeship positions and helps young individual find jobs and develop, then you may come away with a recognition award, which usually means...

Crowd Funding For Business

As a start-up business or a business looking to expand you will take into account different sources of finance. Crowd funding could be an option for you. It offers an alternative method of sourcing capital to conventional methods such loans that may be unfamiliar to some. Crowd funding is the method whereby you pitch your idea and research to a community (usually online platforms) to ask them for a pledge to your project. You would offer that community a carefully considered reward depending on how much they pledge and fulfil upon completion. The reward would then have to be given to the people who have given the pledge within a few months. Things that one needs to consider when looking into crowd funding from the onset is that it is an all or nothing process. If you have your calculations incorrect or get your target wrong you could end up...