6 Things to Consider When Growing a Business Article Image

6 Things to Consider When Growing a Business

Growing a business requires a lot of hard work and effort, but the rewards can be great. By preparing for the future now you can take full advantage of growth when it happens.

Make effective use of IT and technology

Cloud-based technologies are more accessible – and affordable – than ever. Benefit from increased efficiency, higher productivity and cope with busy periods or unexpected surges. You can access new markets and customers through online channels – whether it’s social media or a paid advertising campaign; it’s never been easier to reach your audience and grow your business.

Make sure your business is as tax efficient as possible

Don’t waste cash by paying too much tax. Business tax is a complicated area with much to consider. Talk to us to see how your business could be more tax efficient; whether through tax planning, restructuring or other schemes. A tax efficient business has more cash to invest in other areas such as staff, training or marketing.

Invest in research and be rewarded for your efforts

Make sure you are claiming for Research and Development Tax Credits. These are one of, if not the, most important tax planning tool available to SMEs and can make a huge difference. Claim for historic costs, reduce your corporation tax due and get a cash credit.

Aspen Waite specialise in R&D Tax Credits – in particular for SMEs, so if you aren’t sure about the scheme or if you qualify get in touch today.

Make room for expansion

If you plan to grow, taking on more staff, clients or capacity, make sure you have enough room. This might mean moving premises; encouraging staff to work from home on a rotating basis; hot desking or purchasing additional assets.

Talk to us about your goals and we’ll connect you to one of our finance partners.

Introduce Flexible Working for a better business and happier staff

Flexible working means happier, more productive employees. Coupled with super-fast internet speeds and mobile technology, it’s no surprise that flexible working can increase productivity, allow for efficient use of space and reduced overheads.

Outsource to free up one of your most important resources

Consider outsourcing jobs such as payroll, chasing late payments and IT solutions. This can free up valuable time to concentrate on the core areas of your business, which are likely to be more productive, generate more revenue and help grow your business faster. 


 

Our handy guide should give you plenty to think about, but if you have any questions or need help to take your business to the next level then contact us.


Get in touch for expert advice and solutions for you or your business.

Call us on: 01278 445151