What’s your biggest business headache?

Share This Post

Running your own business can be immensely satisfying but there can also be times when problems keep you awake at night.
Some of the more common concerns include:

  • Cash-flow
  • Employee issues
  • Workload
  • Regulations and red tape
  • The economy

Now we can’t solve what’s happening in the economy, but there are a multitude of websites out there that can offer guidance and support for business owners, including advice on the areas mentioned above and we’ve listed several for reference:

  • http://www.hmrc.gov.uk — for self assessment, VAT, Income Tax and National insurance
  • www.businesslink.gov.uk — self-help portal of action-focused information for small and medium businesses, linking to all relevant ministries and departments
  • www.companieshouse.gov.uk — the official UK government register of UK companies
  • www.ipo.gov.uk — the Intellectual Property Office can help you get the right type of protection for your creation or inventiony
  • www.acas.org.uk — (Advisory, Conciliation and Arbitration Service) aims to improve organisations and working life through better employment relations
  • www.fsb.org.uk — protecting, promoting, and furthering the interests of the self-employed and small business sector

We know these websites are useful as we’ve used them ourselves, but sometimes even armed with all the information you need, the biggest hurdle is actually finding the time, or having the resources to follow the advice provided.

For example, if cash-flow management is your biggest headache, (not surprisingly as it’s purported to be the primary reason for the majority of business failures), you’ll probably find suggestions for improving your position, such as invoicing up front wherever possible or negotiating longer payment terms with your suppliers. However, when cash is really tight, and you’re watching your bank balance on a daily basis, having somebody to produce accurate cash-flow forecasts can be a lifesaver. Equally, as most businesses experience problems in getting paid on time, an effective credit controller is vital.

If you would like more information on how to manage your cash-flow effectively or for any other

More To Explore

join our team
Latest News

We’re hiring!

Finance Assistant (hybrid working) full-time or part-time, Grove Business Park to start ASAP Business Garage is an exciting, dynamic, growing company offering a wide range

bookkeeping for a start-up

Top tips: bookkeeping for SMEs

Setting up and running your own business is extremely exciting but if you neglect your bookkeeping, you run the risk of your business failing. Business

Book a free, no-obligation consultation

Arrange a chat with one of our team

Outsource to Business Garage

Interested in more information or want to chat with one of our team? Fill in the form below and we'll be in touch!

All over the UK, businesses like yours are planning for better times. After a year of disruption and interruption, their focus is on rebuilding as quickly as possible. We can help.

Our five-point REVIVAL plan is designed to help businesses recover lost ground, maximise their profits, and secure their future.

Through our REVIVAL programmes we focus on the following five key areas:

  • Financial management
  • Operations
  • People
  • Digital transformation
  • Marketing

The first step is a complimentary one-hour strategy session that enables us to understand your business and your challenges better.

Following this we will present our action plan.

Fill in the form now tand book your complimentary REVIVAL strategy session.

Outsource to Business Garage

Interested in more information or want to chat with one of our team? Fill in the form below and we'll be in touch!