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6 Small Business Trends and What They Mean to Your Business

2023 is another turbulent year for small and medium businesses (SMEs) battling inflation and a cooling economy. However, based on research conducted by Natwest, UK SMEs returned to a growth phase in Q1 2023, reaching their highest point in 11 months. If you aim to boost business confidence in 2023 and the following year, exploring SME trends is an excellent opportunity to learn how to adapt an innovative mindset and forge your way to a successful future. This article will discuss the 6 most interesting small business trends and explore their meaning to your business.

9 Financial KPIs and Metrics to Track for Your SME

As a small and medium-sized enterprise (SME) owner, you know how important it is to keep your business's finances in check. But how do you actually do that? One way is to monitor key performance indicators (KPIs) that give you a good picture of your business's financial performance. By regularly tracking your financial KPIs, you can make smart decisions for your business, spot areas that need improvement, and make sure your business is making a profit and can last long-term.

6 Ways Xero Accounting Software Can Help Your SME

One of the most important ingredients to a healthy business is accurate accounting. Without this, businesses would struggle to chase their accounts payables, pay their employees or file accurate taxes. Xero accounting software is one of the most popular options to keep the finances of your small business under control. In this article, we’ll discuss six ways Xero can help your small-to-medium-sized business become more efficient at handling financials.

Fully Outsourced Finance Department. Do You Need One for Your SME?

A fully outsourced finance department is a financial management solution where you can contract an external company to take care of all your financial tasks, from maintaining accurate records to preparing financial statements and providing strategic direction. But how do you know if you need to outsource your finance department to a third-party partner? This article discusses five common signs to look for and factors you must consider when choosing the best partner for your business.

SME Scale-Up on a Budget: How to Grow Your Business Efficiently

Although SME business growth has slowed down over the last couple of years due to the effects of the pandemic, SME scale-ups are still going strong. Growing your business can be an exciting yet taunting subject. We all want to bring out the best in our companies, but is it possible to accelerate too fast? Understanding your business’s limits is a must when trying to scale up efficiently. In this article, we will discuss some tips to help to scale up business efficiently.

Top 5 Accounting Practices for Software and IT Businesses

The UK tech industry is one of the most booming sectors globally, reaching a combined market value of 1 trillion in 2022. However, navigating a software or tech company can be complicated as it carries unique challenges for even the most weathered business leader. This article will explore the five most important accounting practices for software and IT businesses to make the journey a bit easier.