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| All directory small business
guide: Part one |
| Posted: 05-03-2006 | Views: 148 |
| Author: paul smith |
This short guide is produced
to help small businesses in the UK starting out get a
good grounding in sound principles which will stand them
in good stead when it comes to developing their company.
Good Book Keeping Tips
Good book keeping is one of the most important should
be learned, when starting up and maintaining a good and
profitable business. Many new businesses go under every
year not because of lack of turnover, or profits, but
because they do not keep proper books and have no idea
of their financial state and whether their cash flow is
in the red or the black.
Bad book keeping can also send companies into a state
of turmoil when their tax returns are due. The taxman
is not impressed by businesses that are not quite sure
of their incomings and outgoings. But this need not be
the case and these days even the smallest of businesses
can keep themselves up to scratch by following a few simple
rules.
Use a book keeping software: There are many good software's
that are inexpensive to buy and easy to use and will,
so long as you feed in the appropriate figures, semi automate
most of your day to day book keeping.
Always keep a back up: However reliable your system is,
there is always a chance that it will fail, so always
back up your accounts as often as possible and keep a
separate copy on disk, in a different place to the computer.
Do not throw away paperwork: Even after you have fed the
data into the accounting software keep all of your paperwork.
You can never have too many back ups and if all else fails
then you will always have all your transactions on paper.
Do your accounts every day: This means your accounts can
be done quickly and prevents the whole thing backing up
and getting out of hand. If you don’t make the space to
do one days book keeping, when will you make the space
to do three weeks worth!
Always keep cheques and invoices in order: This means
that if you need to go back and check, then it is all
consecutively numbered and easy to find.
Although there is a great deal more to book keeping than
this, following these simple rules will help you to make
the most of your system and make it less likely that you
will get into a confusion about your books and your finances.
Local Chambers of Commerce, What are They and How Can
They Help
Local chambers of commerce comprise a huge network dedicated
to helping all forms of business in their local area.
They are part of the largest business support group in
the country, with a total of over 135,000 members. But
they still, by operating at a local level, manage to stay
in touch with the needs and aspirations of their members.
This makes them the first and very often the only call
for business people seeking support and information.
They are able to help providing training and modern apprentices
and to can assist both the business and the trainee in
this regard. This can be in a variety of fields from the
traditional industries to the professional and even high
tech cutting edge businesses. They also work in both the
public and private sector.
Local chambers of commerce can be a great source of information
for businesses looking to get into export or import markets.
They are able to provide good solid background knowledge
of different countries, ways of doing business and the
paperwork and documents that may be required.
They can also save money for their members on basic business
essentials such as insurance, healthcare and pensions.
By virtue of their huge membership they are able to gain
large discounts from many of these organizations.
The local chamber s of commerce is a good source of advice
on almost any business activity. They encompass nearly
all areas of business and as such are able to help with
many of the problems that businesses encounter.
Being run by the local businesses themselves, the local
chambers of commerce are a great way to network with others
locally that are in your industry. Networking is a very
powerful business tool and meeting those who are in the
same field can have many advantages.
For anyone who is in business the benefits of joining
the local chambers of commerce can be significant. With
their huge wealth of knowledge and facilities they can
be an asset for most types of businesses.
Another important step is to promote your business on
the internet and our UK business directory will list your
site for a one off fee of £12.99. With over a million
businesses listed, why not give it a try? Look out for
part two of our guide!
This article
is free for republishing
Article Source: http://www.articlealley.com/ |
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