Is it ok to make a loss in business?
Is it OK to make a loss in business? And does a company always need to be profitable to be successful? Many business owners are faced with this question at some point. The instinctive answer might be “no”. After all, profit is usually the end goal. But in reality, there are times when running at […]
The benefits of a better Chart of Accounts for business growth
There are many areas of business finance that are complicated: complicated enough that business owners struggle to understand them and leave them for the finance team to handle. While a good accountant will help ensure you do have a firm grasp on your financial data, there is one way that you can gain a more […]
Why founders should change their approach to strategy as they grow
As the founder of a business, you likely began your journey with a determination to solve a problem, combined with a vision of how you could do it that you turned into something tangible. Your idea and strategy will have been fluid, changing almost daily, and you’ll have kept this strategy firmly in your head […]
Decode Your Bank Account: Unlocking the Hidden Financial Health of Your Business
Last updated 8th March 2023 Does your bank account tell you what’s going on in your business? Do all of the reports from which you manage your business, including aged debtors and creditors (we’ll come back to these in later blogs), never quite seem up to date? The underlying issue could be hiding in your […]
In celebration of being a women-led business
Did you know March is Women’s History month? A month in which we celebrate and encourage women’s contributions to history, culture, and society. Artemis Clarke has always been a women-led business however we don’t usually make much of an issue of this because, to us, it’s just business as usual. We hire the right person for the role […]
In-house vs outsourcing – which is really best for your business?
As the business grows, most business owners will need to decide if and when to start outsourcing, asking the question – “should I hire more staff to handle specific functions and tasks, or would it be better to outsource”? There is often an initial resistance to outsourcing, as those new to it worry about losing control of the functions […]
No Business Plan = No Business?
Many SMEs exist without a formal Business Plan in place, believing that they don’t need one unless they’re applying for finance or seeking investment. Certainly in the early days it is easy to get away without one, but as a business grows and employee numbers increase, having a Business Plan is a valuable tool to […]
Keep it flowing – the importance of managing cash flow in your business
Any business can run into difficulties without consistent and effective systems in place for managing cash flow. Without cash, your business is in danger of failing – even if it’s profitable, growing fast, or even the market leader. Cash is the lifeblood of business and without it, businesses fail quickly. So it’s vital that you […]
Taking Control of Business
How much control do you have over your finance systems and cashflow – really? You might think you’ve got a pretty tight grip on things, but if you haven’t put the right set of formal internal controls in place you could be at risk of running out of cash, running into issues with bad debtors, […]