Small Business Accountancy Advice
...Everything You Need To Grow Your Business
Merry Jinglies and seasonal good will to Sole Traders, Limited Company owners and all the assorted inhabitants of the RIFT! Here's hoping for a wonderful, adventurous Christmas.
With the holiday season upon us, it’s time to bask in the glow of the firelight and think about the jolly old toymakers, reindeer groomers and industrious elves hitting their busiest time of year. Seasonal trends, like elderly relatives on the sherry, are largely beyond your ability to control. 5% of UK businesses close their doors at some point during the year to save costs, while 6% get stuck relying on credit cards to manage their seasonal fluctuations. 4% use business loans, 17% either take on or let go staff to cope and an enormous 30% of those affected use their invoice or supply chain to ride out seasonal downtimes. All in all, if seasonal trends are influencing your business then you need to have a strategy to deal with them.
Despite the impression your TV is trying very hard to give you, there's a great deal more to building a successful business than having an improbably perfect haircut or winning a "reality" show. There are literally millions of small businesses in the UK alone, and very few of them can trace their continuing success back to a celebrity millionaire swooping in to take care of those silly little money worries for them. Building a real business takes a dream, a plan and a lot of hard work.
Starting up in business is an exhilarating plunge into the unknown, and RIFT Accounting wants to take it with you.
Why do you do it? Why do you pour so much of yourself into building a business of your own? In many ways, this "why" is as big a question as "how" - and answering it will go a long way toward cementing the future of your business.