Business

Accrual Accounting: Why Your Business Might Need it More than You Think

For many business owners, especially those starting out, accounting is an afterthought. Revenue goes in, expenses go out, and the hope is that there’s something left at the end. But as companies grow, the need for accurate financial insight becomes not just helpful—it becomes essential. That’s where accrual accounting comes into play.

While cash-based accounting might work for freelancers or micro-businesses, accrual accounting offers a far more complete and forward-looking picture of your company’s financial health. In fact, many mid-sized and large enterprises are legally...

Liv Butler

Liv Butler

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How to Stay Safe Online: Tips for Employees

Authored by Val Watson
Posted: Thu, 08/15/2024 - 1:38am

In today’s digital world, cybersecurity is a crucial concern for businesses and individuals alike. With the increasing frequency of cyberattacks, it’s essential for employees to understand how to protect themselves and their organisation’s data while working online. Cybercriminals are constantly evolving their tactics, making it more important than ever to stay vigilant and informed. Here are some essential tips to help employees stay safe online, supported by Cybersecurity eLearning programs that can provide the necessary training and knowledge.

1. Use Strong, Unique Passwords

...

How to Finance a Start-Up

Authored by Ellie Green
Posted: Thu, 08/15/2024 - 12:28am

Starting a business is one of the most exciting and fulfilling experiences in your corporate career. The freedom, creativity and potential for growth are undeniably appealing, however, turning a business idea into a reality requires substantial financial backing.

In the year 2022-23, there were more than 800,000 new UK businesses , a significant increase from the previous year. To be amongst the next cohort, securing the right funding takes detailed planning and research.

Each option comes with its own unique pros and cons and the right financial avenues hinge on your...

How Much Do Commercial Solar Panels Cost? A Guide for Business Owners

Authored by Ellie Green
Posted: Tue, 08/13/2024 - 8:29pm

Running a business comes with many expenses. From payroll to utilities, the costs can add up quickly. That's why more companies are turning to solar power as a way to save money in the long run. But how much do commercial solar panels cost?

This guide breaks down the factors that influence pricing and what business owners can expect when considering solar energy.

The Basics of Commercial Solar Panels

Commercial solar panels work just like residential ones but on a larger scale. They capture sunlight and convert it into electricity to power your business. The main...

How to Backtest Your Crypto Trading Bot for Optimal Performance

Authored by Simon Wells
Posted: Thu, 08/08/2024 - 6:54am

Crypto trading bots have revolutionized the way investors approach cryptocurrency markets by automating trades and executing strategies based on pre-defined criteria. However, to ensure that these bots perform optimally, it is essential to backtest them. Backtesting involves simulating a trading strategy on historical data to evaluate its performance. This guide will walk you through the steps to backtest your crypto trading bot for optimal performance, ensuring you can confidently deploy it in live trading.

Understanding Backtesting What is Backtesting?

Backtesting is the...

How to Combine Telemarketing with Email and Social Media Marketing

Authored by Liv Butler
Posted: Wed, 08/07/2024 - 9:19pm

Telemarketing, email marketing, and social media marketing are three powerful tools that businesses can use to generate leads, build brand awareness , and drive sales. Using them together in an integrated marketing strategy can increase their effectiveness and help you get the most out of your marketing efforts. Here are some tips on how to successfully combine telemarketing with email and social media marketing campaigns.

Use Telemarketing to Generate Qualified Leads

The telephone remains one of the most direct and effective ways to reach potential customers. A lead generation...

6 Emerging Retail Technologies to Drive High-Volume Customer Engagement

Authored by Liv Butler
Posted: Mon, 08/05/2024 - 8:16am

Retail has undergone a turbulent couple of years. Brick-and-mortar stores suffered drastic dips in sales during the pandemic, while thousands of newer businesses failed to launch in troubling economic times.

However, there are several reasons to be optimistic for the future if you’re in the retail industry. Technology is advancing at an accelerated pace, and its utility in retail is growing by the year. 76% of retailers upped their usage of digital technology as a result of the pandemic, and this is driving more innovations.

Here are six emerging retail technologies that...

Integrated Workplace Reservations: The Triad of Efficiency

Authored by Liv Butler
Posted: Fri, 08/02/2024 - 9:37am

Technology is constantly revolutionising the way we approach our workday, from the biggest tasks to even the smallest details. Thanks to smart office solutions, the era of the integrated workplace is here. This holistic approach to resource management, which includes reserving desks, meeting rooms and even parking spaces, is streamlining the transition from the morning commute to the start of the day. Ultimately, it’s a game changer when it comes to productivity and efficiency. The Daily Grind: Desk, Room and Parking The traditional office experience often begins with a series of morning...

How Automation and Robots Are Transforming the Automotive Industry

Authored by Simon Wells
Posted: Tue, 07/30/2024 - 9:13pm

The recent developments in Industry 4.0, such as robotics and automated machinery, are now everywhere. Indeed, the latest generation of automated industrial equipment can handle several aspects of production, from assembly to repairs. Here’s how robotics and cutting-edge heavy machinery are reshaping this industry.

Crafted to Perfection

Robots have been on the production line in factories since the 1960s. The first model, Unimate, handled tasks like welding and die-casting. Since the 1980s, automotive manufacturers have implemented more automated machinery, thanks to artificial...

The Businesses Using Bitcoin And Why

Authored by David Banks
Posted: Tue, 07/30/2024 - 11:51am

Bitcoin adoption has been picking up steam in recent years. Advancements like Bitcoin ATMs are increasing in numbers, while more businesses, including everything from small enterprises to massive companies and franchise chains, are starting to accept the digital currency. Below, we look at some of the big-name businesses and industries that accept Bitcoin, and what it can be used for.

Online Shopping and Gaming

It is arguably easier to spend Bitcoin online than in person. If you enjoy online shopping, some of the biggest eCommerce brands like Shopify and Newegg accept Bitcoin...

What are Digital Platforms Competing for? Trends and Challenges

Authored by Simon Wells
Posted: Tue, 07/30/2024 - 11:21am

Digital platforms have become the most important part of daily operations globally, given that most infrastructures are being managed with some sort of tech solutions. From railway networks to educational institutions, digital platforms play a significant role in ensuring proper remote management and malfunction prevention. But this is a big picture, and when it comes to smaller examples, we are still tied to tech platforms in the same way, meaning that those platforms are not just a means of communication or business operations but integral components of our personal lives, shaping how...

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