Business Finances Edition

Business Finances

Essential financial basics every small business owner needs to understand.

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Bootstrapping vs. External Funding: Weighing the Trade-offs
Business Finances · Featured

Bootstrapping vs. External Funding: Weighing the Trade-offs

By Small Business Editorial Team · 6 min read
Business Finances Cash Flow vs. Profit: Why a Thriving Business Can Still Run Out of Money

Cash Flow vs. Profit: Why a Thriving Business Can Still Run Out of Money

Profit and cash flow measure different things. Understanding the gap between them can protect your business from a surpr…

Small Business Editorial Team · 7 min
Business Finances Financial Records Every Small Business Should Be Keeping

Financial Records Every Small Business Should Be Keeping

Good record-keeping isn't just about compliance — it gives you a clear picture of your business health. Here's what to t…

Small Business Editorial Team · 5 min
Business Finances Getting to Grips With Business Budgeting

Getting to Grips With Business Budgeting

A practical introduction to budgeting for small businesses — what a budget should include, how often to revisit it, and …

Small Business Editorial Team · 9 min
Business Finances How to Read a Balance Sheet Without an Accounting Background

How to Read a Balance Sheet Without an Accounting Background

Assets, liabilities, equity — your balance sheet summarises your business's financial position. This guide makes sense o…

Small Business Editorial Team · 6 min
Business Finances Invoicing Practices That Protect Your Cash Flow

Invoicing Practices That Protect Your Cash Flow

Late payments are one of the leading pressures on small business cash flow. These invoicing habits help you get paid fas…

Small Business Editorial Team · 6 min
Business Finances Key Financial Terms Every Small Business Owner Should Know

Key Financial Terms Every Small Business Owner Should Know

A concise, jargon-free reference covering the financial terminology you'll encounter most often when running a small bus…

Small Business Editorial Team · 6 min
Business Finances Separating Personal and Business Finances

Separating Personal and Business Finances

Mixing personal and business money creates accounting headaches and legal risk. Here's how to draw a clean line between …

Small Business Editorial Team · 8 min
Business Finances Small Business Finance Myths That Can Hurt Your Bottom Line

Small Business Finance Myths That Can Hurt Your Bottom Line

From 'revenue equals success' to 'you don't need an accountant yet' — common financial misconceptions that cost small bu…

Small Business Editorial Team · 7 min
Business Finances Small Business Finances: A Complete Foundation

Small Business Finances: A Complete Foundation

From cash flow to tax obligations, this guide covers the core financial concepts every small business owner needs to und…

Small Business Editorial Team · 9 min
Business Finances Small Business Tax Obligations: What You're Required to Know

Small Business Tax Obligations: What You're Required to Know

A clear overview of the tax responsibilities small business owners typically face — including VAT, income tax, and payro…

Small Business Editorial Team · 7 min
Business Finances Sole Trader vs. Limited Company: The Financial Implications of Each Structure

Sole Trader vs. Limited Company: The Financial Implications of Each Structure

Your business structure affects how you pay tax, what you're personally liable for, and how you pay yourself. Here's wha…

Small Business Editorial Team · 7 min
Business Finances The Difference Between Fixed Costs and Variable Costs — and Why It Shapes Pricing

The Difference Between Fixed Costs and Variable Costs — and Why It Shapes Pricing

Fixed and variable costs behave very differently as your business grows. Understanding both is essential before you set …

Small Business Editorial Team · 8 min
Business Finances What Is a Profit and Loss Statement — and What Is It Actually Telling You?

What Is a Profit and Loss Statement — and What Is It Actually Telling You?

A plain-language breakdown of the P&L statement: what each section means, how to read one, and why it matters for small …

Small Business Editorial Team · 9 min
Business Finances When to Hire an Accountant vs. Managing Finances Yourself

When to Hire an Accountant vs. Managing Finances Yourself

DIY bookkeeping works well — until it doesn't. Here's how to assess when your business has outgrown a spreadsheet and wh…

Small Business Editorial Team · 7 min
Business Finances Why Small Businesses Underestimate Their Tax Bill — and How to Avoid It

Why Small Businesses Underestimate Their Tax Bill — and How to Avoid It

Forgetting self-assessment payments, overlooking VAT thresholds, missing deductible expenses — here's where business own…

Small Business Editorial Team · 6 min

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