Business Advice General

“Hunter Gee Holroyd helped me initially with some training but to be honest the software is so intuitive that it’s now second nature.” Rusholme Grange is a three-generation farm, situated on the banks of the River Ouse outside the village of Drax. Phil and Anne Roberts run the family farm, which mainly grows wheat and… Read more

Benefits in kind…what does it actually mean and is it worth investing time and money in? Well, benefits in kind, or “perks” is separate to salary or wages. Commonly these include company cars, childcare vouchers, health insurance, company credit cards, pension schemes, cycle to work schemes, gym memberships, or any vouchers given by employers. If… Read more

Want to know how to make a dramatic difference to your business without any extra customers, any extra marketing, or changes in prices? Acquiring new customers is expensive and time-consuming. In fact, research shows that attracting new customers is 5 times more expensive than keeping your existing customers. One of the best – and easiest… Read more

The Institute of Chartered Accountants in England and Wales (ICAEW) have published a quick-start guide, which outlines a variety of areas that could impact your business, to help you prepare for Brexit. While there is still no certainty around what Brexit will mean, businesses that sell to and buy from the EU need to have… Read more

When multinational companies fail, inevitably the headlines are numerous as the devastating consequences for its employees are recognised. However, there is another group of stakeholders who will also suffer, their trade creditors.  Whilst it is probably assumed that the largest companies don’t trade with smaller owner-managed business directly, the supply chain further down the line… Read more

When you’re running a business, your team is your most important asset and biggest resource. Without them the business could not function so it’s essential that your employees feel encouraged and inspired on a daily basis. In order to achieve great results, you should be constantly thinking about ways you can motivate and inspire your… Read more

Types of business structure When first thinking about how to start a business, not many people worry about structure. But your business structure can affect how you’re treated by the government and by the law. Here are some of the ins and outs. Business structures and their effects The main types of business structure are… Read more

Pricing and the cost of goods sold Setting prices is one of the most important things you’ll do as a new business owner. A lot of factors play into the value you put on your products or services. But none is more important than covering your costs. The first rule of price setting Not every… Read more

Forecasting sales can seem like guesswork. There are a lot of estimates, and those estimates are often based on assumptions. But you can approach it scientifically. Here’s how. What is forecasting in business? Forecasting goes hand-in-hand with budgeting to help you predict the financial outlook of your business. You start by estimating income (sales) and… Read more

Starting a business is a big financial decision. Before you get going, you’ll want to estimate how much money it will go through, and how much it will make. Welcome to the world of budgeting and forecasting. What is a business budget? Budgets show how money will come and go from your business over a… Read more