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Category Archives: Business Advice

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Characteristics of successful entrepreneurs

Posted on by Murray & Lamb

A great number of new businesses are founded and registered every year, however, few will go on to become hugely successful. Although there are many factors which can affect the success of a business startup, an influential one, particularly in the early stages, is the character of the entrepreneur. As the driving force and visionary … Continue reading

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5 Characteristics of Successful Entrepreneurs

Posted on by Murray & Lamb

A great number of new businesses are founded and registered every year, however, few will go on to become hugely successful. Although there are many factors which can affect the success of a business startup, an influential one, particularly in the early stages, is the character of the entrepreneur. As the driving force and visionary … Continue reading

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How to Forecast Profit & Loss For Business Owners

Posted on by Murray & Lamb

Creating a profit and loss forecast is an important part of financial planning but can seem like a daunting prospect, especially for start-ups. Working out estimates for revenues and costs will ensure that your business plan is feasible and will allow you to make adjustments to allow profitability, or breaking even, in the face of … Continue reading

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5 Things That Make A Long-Term Business Plan Reliable

Posted on by Murray & Lamb

Most entrepreneurs will have an idea of what they want their business to achieve, but not all will solidify this in a long-term business plan. Long-term strategy and planning can help focus and guide all that your business does, leading to more successful results and allowing you to achieve definitive goals. Although putting ideas to … Continue reading

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Should I Hire an Accountant?

Posted on by Murray & Lamb

When to Hire an Accountant If you’re running your own business, there are many occasions in which the aid of a professional accountant can make your life easier. Without the necessary understanding of business finance and legislation, it is common for business owners to get bogged down and confused by their financial figures. For this … Continue reading

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How to Pitch your Business Idea

Posted on by Murray & Lamb

Your business pitch is often the deciding factor in whether you attract interest to your company or not. Whether you’re pitching for investment, mentorship, during networking or for other reasons, it is an undeniably vital part of getting your business idea off the ground. However, the skill of pitching is unlikely to be something that … Continue reading

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4 Ways to Fund your New Startup

Posted on by Murray & Lamb

Getting the necessary funding for your business startup can seem like an elusive and complex task at times. Once you have an idea, getting it going depends on the availability of funds. However, the world of pitching, business plans and startup funding is something that few startup entrepreneurs will be familiar with which can make … Continue reading

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8 Important Steps To Starting Your Own Charity

Posted on by Murray & Lamb

If you have a cause you are really passionate about and want to make a difference, you may be considering starting your own charity. Charities play a valuable part in the lives and well-being of countless people and towards the progression of social causes. However, forming a charity isn’t a simple process and there are … Continue reading

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“Making Tax Digital” Explained

Posted on by Murray & Lamb

In March 2015, the government announced an initiative to try and make tax returns simpler and more in line with modern business procedures – this scheme is called ‘Making Tax Digital’. The initiative aims to eventually do away with filing annual paper tax returns in favour of a more frequently updated digital tax system. The … Continue reading

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How to Expand With Capital Injection

Posted on by Murray & Lamb

Entrepreneurs and business owners should know that expansion is an integral part of the success of a business. Strong growth and expansion mean you can consistently progress and keep up with the competition, providing additional, and improved, products and services to increasing numbers of customers. For many reasons, businesses may not have the finances available … Continue reading

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