Accessing the right type of finance is essential for the growth and sustainability of any small business. From traditional bank loans and government grants to alternative options like angel investors and invoice financing, there are numerous ways to secure the funds you need. Each method comes with its own benefits, requirements, and risks, so understanding these options is key to choosing the best fit for your business goals. By exploring a mix of short-term and long-term financing...

Hiring a new employee costs more than simply their salary. In fact, when hiring a new staff member at the average UK salary of £27,600, the true cost to you, on average, for the first year of that employment is around £62,890* . As a small business, then, you should consider the following when taking on a new team member. What to consider when hiring new employees Recruitment Recruiters and recruitment firms are typically paid on commission and will often bill a fee equivalent to 20%-30% of...

The retail industry is crucial to the UK economy. It accounts for 5% of the economy, pays £17bn in business taxes, and consists of more...