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Avoid the problems of overtrading: assets
How to solve cashflow shortfalls and bring new money into the business in a variety of ways.
Avoid the problems of overtrading: debts
Debt factoring, prompt payment discounts and regulating cashflow help reduce the risk of overtrading.
Matching sales and production cycles
Ensuring a closer match between sales and production cycles can help avoid overtrading.
What is overtrading?
How insufficient finance and resources to sustain a business’s level of trading can lead to overtrading.
Example of overtrading
A case study of a situation of overtrading and the potential disaster it causes.
Business mistakes: taking your eye off the competition
Analyse and monitor your business competition to stay ahead by understanding their strategies, anticipating market trends and adapting your plans accordingly.
Business mistakes: poor stock control
Guidance on how you can avoid poor stock and asset management on in the early days of running your new business
Common mistakes to avoid when starting a business
Learn about the most frequent mistakes made by new business owners so you can avoid them in your start-up journey
Avoid the problems of overtrading
How expanding businesses can match production and order cycles using gearing, working capital or quick ratio tests.
Business mistakes: poor or inadequate market research
Conduct thorough market research and get to know your clients when you start-up in business.
Business mistakes: weak financial planning
Lack of capital, contingency plans and a reluctance to seek professional advice are all potential start-up problems
Borrow money for capital investment from pension schemes
How small self-administered pension schemes allow a business to borrow money with certain restrictions.
Claim loan interest against tax
If you deduct loan interest from your profits you can reduce your business tax bill.
Six tips to avoid common business start-up mistakes
A quick list of common start-up business mistakes which new businesses owners can make and how to avoid them.
Business mistakes: hiring the wrong people
Making unwise staff hiring choices can seriously undermine the success of your start-up business.
Small Business Rate Relief
The Small Business Rate Relief (SBRR) provides different levels of rate relief for Northern Ireland business properties depending on their net annual value.
Advice and support for young entrepreneurs
A list of support organisations, funding and advice available to young entrepreneurs
Strategic planning for business growth
Understand the importance of a clear and effective strategic plan to enable the growth of your business
How do you develop a strategic plan?
List of elements to include in your strategic plan - from your vision statement to your key goals for implementation.
Steps in the strategic planning process
Overview of strategic planning and management, and the importance of involving different levels of staff in the process