Funding options for SMEs

Research has indicated that half of small business owners have had to raid their savings to fund their businesses. With interest rates as they are, this isn’t a terrible strategy, but it can be limiting and carries risk.


Bootstrapping is a term used to describe trying to establish and grow a business using just your own resources, i.e without any investors or financial support such as bank loans.

Turnover is vanity, profit is sanity

The so-called Micawber principle, as stated by Wilkins Micawber in Charles Dickens’ novel David Copperfield, says: “Annual income twenty pounds, annual expenditure nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds nought and six, result misery.”
This widely used quote on personal finance is just as relevant for business finance. For any commercial and business to be successful and sustain itself over the long term, it must make a profit, i.e. revenue must exceed costs.

Elephant Control

In H.M. Williams book about growing a business, entitled Proper Coffee & Other Ways to Grow Your Business, he looks at the parallels between owning a business and owning an elephant. It might sound bizarre, but here’s a summary for you to ponder.

Charities and AI

Charities are increasingly using AI for tasks such as fundraising, bid writing, and service delivery, with examples like the Surrey Wildlife Trust’s use of AI to map habitats. Charities are advised to evaluate AI’s potential applications, assess risks, and develop strategies for responsible implementation aligned with their objectives and trustee responsibilities.

Holiday pay and entitlement reforms

From 1st January 2024, the Working Time Regulations, as amended by The Employment Rights (Amendment, Revocation and Transitional Provision) Regulations 2023, introduced reforms that simplify holiday pay and entitlements.