Getting Into Business With A Close Friend

There are thousands of people over the years who have sat down and thought about making businesses; going into the details of finance, the ideas, the field and the dreams for where your business might go. The one thing people always think about is going into business with their close friends; it takes away the risk of working with people you might not like or might not get along with. You know at least until things might go wrong. Working with people quickly finds out just how well you really get on when the pressure is on. When deadlines are due, when money is tight and when clients are calling non stop – will you still be friends? Will you still get along as well as you were hoping you might do? That kind of pressure really puts strains on relationships, whether you are friends or not so putting extra...

Using the best accounting software for your business needs

When starting up a business there are so many different variables that you need to consider. One of the most important factors is the financial side of it. You need to be able to keep good records of all sales, purchases, salaries etc so you can keep track of how well the company is doing but also to assist you when you have to do your yearend tax return. There are lots of accounting software that will allow you to do this and then produce the reports you require at the touch of a button. Sage and QuickBooks are amongst some of the most popular and they do not only do accounting but can also be used as a marketing tool. Sage software, for example, allows you to create a record for each customer you have. It automatically updates their record with sales that you have made to them but...

Getting out while you’re ahead

Leaving a job can often be an extremely tricky and daunting task. Let us take my most recent departure, for example. I worked for the NHS but I knew I was sinking into a rut. I had made some good friends, was earning a steady wage but the chances for career progression were limited outside of taking on even more student debt. I had to make a decision: force myself out of the role by handing in my notice, or end up working into my thirties and wondering where the time went. So I did it. I handed in my notice to initiate my 10 week notice period and picked up some freelance work during that time while I waited for a couple of things to kick into action. Then it’s London, Bloody Marys and chinos for me. It was a tough decision, but it should all be worth it...

Monetising YouTube

YouTube has become one of the internet’s most incredible sensations of recent years, maybe even the most impactful thing the internet has ever seen. As the popularity of the website surged people inevitably started to think about money and how they could make it from the service. Musicians got involved, performers got involved and so did the advertising men. All of a sudden channels were formed carrying advertising brands before and during videos, with channels themselves signing onto networks that handle the implementation of those adverts for creators unfamiliar with how the money side works. Now we’ve reached a position where people are blocking content for infringing on copyright. If you make a video with a song in the background you could find your video blocked, or if you make a video of yourself playing a game and telling people about it you might, depending on the company, find yourself...

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...

Why An Accountancy Job doesn’t have to be Boring

Every Business needs and accountant, that’s a fact. A business accountant is always going to be in demand, and it has often been labelled a ‘boring job’, but that really doesn’t have to be the case. Accountancy is a subject which can see split opinions, and if you’re passionate about the economy, than accountancy job can actually be quite exciting. Accountant make differences to companies, and business leaders should listen to their opinions, so there is a certain amount of control, trust and power that can come from being an accountant. Many jobs can be deemed ‘boring’ by various individuals, and others exciting, and it really depends on the individual. If you have a passion for finance, the economy and accountancy in general then it certainly won’t be a boring career, and there are plenty of opportunities.