What are your Duties to your Staff?

Businesses have a certain number of duties towards their staff members. These could range from paying them on time, to making sure they are enrolled in a pension scheme. However, there is also a more holistic side to the role, and you really should be making sure your members of staff are happy and able to perform their duties to the best of their abilities. A large part of this is about communication. You should make sure you talk to your staff honestly, and have an open forum for communication. Schedule in regular one-to-ones with each member of staff to check that they are ok and are enjoying their role. You should also make sure your staff know you are approachable. It doesn’t benefit you at all to be a stern, unapproachable figure. You want to know that your staff will come to you with any problems they have at...

Being a Responsible Business Owner

Being a successful business is about much more than just making money. You need to be practical and responsible, doing business in sustainable ways and looking after your members of staff. There are always small adjustments you can make to become a more responsible business owner. Think about working with local suppliers and managing your business in an environmentally friendly way. These things all have an impact on your local area and community, so they are really important. You may also want to give some of your businesses’s time to money to charity. Responsible business is the only way to create good practices that will last you well into the future. Create strategies that allow for growth, but that never allow you to lose sight of important business goals and ethics. You can truly take pride in your business if it reaches a level where it is highly profitable, but...

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...