Business

​​​​​​​Hidden Costs Every Small Business Owner Should Know

Running a small business is often portrayed as a straightforward venture: offer a product or service, make sales, and watch profits grow. However, the reality is far more complex. Small business owners frequently encounter hidden costs that can erode profits if not carefully managed. From licensing fees to employee expenses and unexpected operational costs, these financial pitfalls can catch even the most prepared entrepreneurs off guard. Understanding these hidden expenses is crucial for sustaining a healthy business and avoiding unpleasant surprises.

1. Licensing, Permits, and...

Liv Butler

Liv Butler

Posted:

Exeter kitchens and bathrooms designer to expand

Authored by News Desk
Posted: Thu, 01/05/2017 - 4:19am

A Topsham-based designer of luxury kitchens and bathrooms has doubled the size of its premises and created two new jobs after securing a five-figure funding package from Lloyds Bank Commercial Banking. The funding has enabled Sapphire Spaces to acquire an additional unit adjacent to its current base at Dart Business Park. This brings its total floor space to 7,000 sq ft, giving the firm the space it needs to pursue its growth ambitions.

Sapphire Spaces now plans to open a new bathroom showroom to better showcase its growing offering. In addition, it will replace its current...

4 technologies that have transformed the world of surveillance

Security is a top priority for many commercial premises. However, securing a commercial premise is no easy task. This is because securing these premises requires advanced technologies and sophisticated security gadgets. In this regard, traditional security systems are no longer sufficient.

The inefficiencies of traditional security systems have led to increased demand for new and innovative solutions. In response to this demand, there are several innovative security solutions that have been developed. Below are four innovative security solutions that have transformed the security...

Time to recognise 1,182 years of service!

Authored by News Desk
Posted: Tue, 01/03/2017 - 6:28am

Over 50 members of staff from Devon law firm Wollen Michelmore have been recognised with long service awards at the annual Christmas party held in Torquay.

With an impressive 1,182 years of service between them, the 53 staff was presented with individual recognition pins, a gift of their choice and a monetary gift voucher to mark their continuous service delivering excellent service to many hundreds of clients across the region.

The longest serving member of the law firm is Chairman, Michael Cosgrave who will have completed 45 years of service on 2nd January, 2017. Michael...

Business confidence surges in SW

Authored by News Desk
Posted: Tue, 01/03/2017 - 6:05am

Business confidence has increased in the South West but economic uncertainty remains the biggest threat to firms, according to the latest Business in Britain report from Lloyds Bank. The report’s confidence index - an average of respondents’ expected sales, orders and profits over the next six months – increased to 17 per cent, up from four per cent, the survey’s score in September 2016. The South West’s confidence boost is the largest increase in the country, followed by London and the South East. David Beaumont, regional director for SME banking in the South West, Lloyds Banking Group...

Support still available for rural businesses

Authored by News Desk
Posted: Thu, 12/22/2016 - 10:54am

Rural businesses in Mid and East Devon are being reminded that they can still apply for funding through a special support programme.

Devon County Council is overseeing the £1.2 million LEADER REAL Devon grant which aims to support the rural economy and create jobs. The programme is EU funded, but the County Council is reassuring businesses that the funding is still available over the next two years.

Among those to have successfully received funding so far is Planet Play SW Ltd, a new children’s soft play centre and café in Crediton, which opened recently having received £18...

Reviewing Business Accounts and Orders

Authored by News Desk
Posted: Thu, 12/22/2016 - 7:48am

There are a large number of online payment portals that business owners can use to securely process payments that also provide attractive, integrated and easy to use payment methods. It you don’t really understand what makes each individual payment method unique, you are apt to simply select the first option that becomes available. Unfortunately, this can lead to an unknown number of lost sales. Some customers will not recognise or be familiar with the singular payment method that your online business accepts and then go to another company which offers better options. With proper planning...

Visit South Devon partners with YourWelcome

YourWelcome, the leading provider of smart tablet devices for holiday let properties, and Visit South Devon, the official tourism marketing organisation promoting East Devon, Mid Devon, Teignbridge and South Hams, today announced a new strategic partnership. Combining local area expertise provided by Visit South Devon with YourWelcome’s tablet devices, the partnership will provide holiday-let landlords with an unrivalled solution for guests that want to explore the local area.

Holiday let owners that sign up to YourWelcome will be sent a custom tablet device that is left in their...

Free cyber security course for businesses

Preventing Cyber Crime Against Business (SME) and the new GDPR

We are calling all businesses, including local, parish and town Councils, to attend this FREE course and benefit from understanding cyber threats and online fraud.

Devon Communities Together is working with Devon and Cornwall Police to develop free training courses to help VCSE organisations and Devon Parish and Town Council staff and Councillors to understand online threats and how to protect business data, money and reputation.

The General Data Protection Requirement (GDPR) will come into effect in...

Electrical knowhow for new RSPB cabin

Authored by Sue Cade
Posted: Fri, 12/16/2016 - 10:14am

Devondale Electrical Wholesalers has been working with the RSPB in the creation of a new training and education centre.

Sited on the Exmouth Road near Aylesbeare, the log cabin is an impressive, sustainable building made from trees felled at a nearby reserve.

It was the vision of East Devon Nature Reserve Warden Toby Taylor, who has been working to make the concept into a reality since 2012.

The building offers accommodation for self-funded RSPB volunteers who stay for between 6 to 15 months, saving money for the charity which previously housed them in a rented...

Entries open for Michelmores Property Awards 2017

Authored by Michelmores
Posted: Thu, 12/15/2016 - 11:42am

Entries are now open for the 15th annual Michelmores Property Awards, which showcase and celebrate the very best of the South West's property and construction industry.

Michelmores is calling upon property developers, building contractors, architects and other industry professionals to nominate buildings, projects and businesses from across Devon, Cornwall, Somerset, Bristol and Dorset across ten categories.

For the 2017 awards, there are five new categories, including Commercial Project of the Year, Public Project of the Year, Education Project of the Year, and Leisure...

your pets daily logo
Home Education Daily logo
Food and Drink Daily logo in red, white and black
your beauty daily logo with heart

Top video

Selco Builders Warehouse | England Rugby star Jack Nowell visits Exeter Saracens junior teams

England ace Jack delivers tips to Saracens

Exeter Weather