Business is good, products or services are selling and you may even be considering taking on a staff member or two. But at the moment you’re working from your kitchen table at home. So, what do you do? Take on business premises with all those overheads? See if your new staff member is happy to work from your kitchen table too? You need more stock and the paperwork is piling up – where is it all going to go?
Whether you’re a new start up or an existing business with business premises, if you’re a growing business you’ll have to come up with some answers to these questions at some point and there is no right or wrong answer; it will depend on the type of business you have and your business model. You will need to decide which is the best way forward for you. If you’re not sure of the best way to manage your growing business, there’s lots of help out there, both free and paid for. Continue reading
Safe and accessible storage of important documents is an essential part of every business and with increasing amounts of red tape and regulations it’s all too easy to be totally focussed on the latest files and documents. However, you never know when the Inland Revenue, customer, client or your own accountant may need some information from old or historical documents. That’s why it’s essential to have some sort of organised, accessible document storage system in place.
If you’re asked to produce a copy of a document from a particular time period you need to know exactly where it is and if you can’t produce a readable copy of that document when an official from the VAT office or Inland Revenue come calling, you may be subject to fines. It could even be old personnel files or HR records that are needed. Whatever record is requested, you as a business are required to provide a readable copy. Continue reading
You’ve decided that you need some sort of business storage but perhaps you’re not sure how to organise the items that will be stored. This simple guide will give you a few helpful ideas, enabling you to maximise space, keep your goods in excellent condition and make it easy to find what you need when the time comes.
You may wish to use archive boxes to keep your goods in. If so, keep heavy items at the bottom and lighter items at the top. Don’t overfill your boxes or it will be difficult to transport and shift your boxes around. Label them carefully and keep an inventory so you know where everything is and leave a walkway if you are using a large storage unit so you can easily access boxes at the back as well as those nearer the front. Boxes can be stacked on the floor or kept in racks to free up space and make it easier to find what you are looking for. Continue reading
This is it. 2016, you’ve decided, is the year that you will go it alone and start your own business. You know what you want to do; you may even be doing what you were doing before, but for yourself now and not someone else. If you haven’t got your primary business idea sorted yet, this article by the Entrepeneur is worth reading BEFORE making any final decisions.
But if you’ve got the basics covered and you know you can meet the needs of the day to day principal business function, you need to consider the rest. Do you have a business plan and strategy? Do you have a marketing strategy? If not, how are you going to find customers or clients?
So, what do you need to consider when starting a business?
Storage of your documents is a vital part of any business. You might have survived the double dip recession and find yourself developing at a rate of knots. Your focus is understandably on the invoices and paperwork you’re filling out now.
However, don’t forget about your past records, files, bank statements, invoices and VAT returns. These are hugely important to you and your business.
You never know when the Inland Revenue, a customer, client or even your own finance manager might need to consult a document from years gone by. Continue reading