Cost of Sales (sometimes called Cost of Goods Sold) is one of those metrics you’ll hear a lot when reviewing your operating costs and the overall profitability of your business model. But what does ‘Cost of Sales’ actually mean? And how does understanding this key...
Making good business decisions is easier to do when you have excellent information at your fingertips – and that’s the value of having great reporting at the heart of your startup. Any cloud accounting software worth its salt will offer you straightforward ways to run...
In a world where evolving political events can change the market in an instant, and economic instability is still the norm, finding certainty in your business strategy is a rarity. Business plans and your overriding strategy are no longer written in stone. This means...
Running a business can take over your life, if you let it. But there are ways to control your work/life balance and become a more relaxed and stress-free entrepreneur. #worklifebalance #wellbeing #businesstips You’re passionate about your business. But what other...
When you first start out in business, having access to finance will be fundamental to your success. And being able to borrow funds, or attract investment, will be dependent on you having a good business credit score and a healthy credit profile as a business. But...
In today’s competitive employment landscape, a salary alone often isn’t enough to attract and retain top talent. That’s where benefits in kind (BIK) come in. These are non-cash remuneration provided by an employer to an employee in addition to their standard pay....
