Back to Blog

How is Grant Funding allocated in the UK?

If you’re considering applying for a grant to provide your business with valuable financial support, it’s important to be aware of how grants are allocated and how likely you are to get one. Here’s everything you need to know. What is grant funding?Grant funding is when a business is awarded a sum of money by the Government or a private organisation to use for a specific purpose. Unlike a business loan, business grants do not need to be repaid, and no interest will be charged. You als...

How to conduct a financial health check for your business

As an ambitious business owner, you know how important it is to keep a close eye on the financial health of your business. Conducting a regular financial health check can help you identify potential issues and make informed decisions to keep your business on the path to success.Here’s how to conduct a successful financial health check for your business and use those insights to boost future growth....

Financial best practices for web3 businesses

Web3 businesses don't operate under the same financial systems as 'ordinary' business. You'll usually have requirements to maintain records of digital assets, as well as converting onchain data values into local currency for reporting.Based on the web3 businesses that we work with, here are our suggestions for financial best practice:To ensure accurate financial reporting and so that digital assets can be correctly tracked, it is important for a web3 business to establish a strong accounting sys...

Web3 Founder? What should you be asking your accountant

As a founder of a web3 business or project there are a wide range of questions that you should be able to fire at your accountant and get feedback on. From our experience, here are some of the top topic that you should be working with your accountant on:What type of business entity should I form for my web3 business?What are the tax implications of operating a web3 business?How can I optimizse my tax strategy to minimise my tax liability?What are the financial reporting requirements for a web3 b...

Mastering cash flow: how to avoid common mistakes and keep your business profitable

Cash flow is the lifeblood of any business, but it can be a tricky thing to manage. Even successful businesses can run into cash flow problems at some point in their journey.Here are some of the top cash flow mistakes and how to avoid them so you can master your business finances....

The benefits of incorporating innovative technology into your business model

In today's fast-paced and ever-changing business world, it's crucial to stay ahead of the competition by embedding innovative technology into your business model. Businesses that adopt technology are leading the way when it comes to growing profitable and scaleable businesses. A tech-led approach can help streamline operations and create a culture that drives change and innovation.From increasing productivity to improving customer experience, the advantages of incorporating innovative technology...

How regular financial reporting can help your business thrive

Financial statements are a key factor for any business to succeed, leading to better decision-making, greater financial success, and improved business clarity. Running regular financial reporting allows you to better manage and understand the financial health of your business, giving you a clear picture of your company’s current position so you can make informed decisions about the future.In this blog post, we’ll outline the three key financial statements and reports every business owner sho...

Essential bookkeeping tips for small business owners

Bookkeeping is an invaluable tool for understanding the financial health of your business and making informed decisions that have a positive impact on your bottom line.Bookkeeping is more than just tracking expenses and income; it’s about understanding the basics of accounting and using that knowledge to make sound financial decisions.Bookkeeping is an essential tool for monitoring the finances of your business, providing insight into your financial performance and helping you make informed de...

Mastering small business finances: tips and tricks for success

Managing finances is one of the most important aspects of running a successful small business. However, it can be a daunting task for many business owners who don't have a background in finance.In this blog post, we'll provide tips and tricks to help you master your finances and achieve success.5 essential tips for managing your small business financesSeparate Business and Personal Finances: One of the most important things that small business owners can do is to separate their business and pers...

Creating a financial management strategy for your business: a step-by-step guide

Financial management is an essential part of any successful business, ensuring you are using your resources in the most efficient way possible to achieve your financial goals.In order to make informed financial decisions, it’s important to have a well-developed financial management strategy. Having a clear understanding of your business finances enables you to plan for future growth and success and helps you identify potential risks and opportunities that could affect your bottom line.This blo...

8 tax deductions you might be missing out on

Tax deductions are an essential way for businesses to reduce their tax liability and keep more of their hard-earned money. And if you're a business owner, you'll know that every penny counts.Taking advantage of tax deductions on allowable expenses is one of the easiest ways to keep taxes down– claiming every allowable expense ensures a lower tax bill, which gives you access to more working capital and more cash. That’s a whole lot of extra profits available for investment, for funding growth...

Budgeting basics for small businesses

Starting a business is an exciting step, but can be overwhelming when it comes to budgeting. Budgeting is an essential part of running a successful business, helping you stay organised and make the best use of your money and resources.In this blog post, we’re covering budgeting basics and best practices for businesses owners, including budgeting categories, budgeting tips, and budgeting tools, so you can master the art of budgeting to maximise profits and operate more efficiently.Set the budge...

Why you should outsource your business accounting

As a business owner, you want to be able to focus on what you do best: growing your business. But if you’re trying to juggle accounting tasks on top of everything else, it can be difficult to keep up. That’s why it’s important to consider outsourcing your business accounting.Hiring a professional accountant can save you time and money, and help you make better decisions for your business. Here are some of the benefits of outsourcing your business accounting:You’ll get more accurate repor...

Understanding Key Performance Indicators for business growth

As a business owner, it’s important to understand how your company is performing to make informed decisions about its future. Instead of relying solely on luck or guesswork, key performance indicators enable you to strategically monitor and measure performance.What are business KPIs?KPIs are measurable values that show whether a business is achieving its objectives. These values help you track and identify areas of improvement as well as areas where your organisation is succeeding.Let’s expl...

Bookkeeping is the key to growth: here’s why

Good bookkeeping is good for business.Bookkeeping is the bedrock of financial success, arming you with key information to plan, grow and build a better business.Here’s why a good approach to bookkeeping can help you achieve business growth.Forms the basis of all financial reportingWe like to think of bookkeeping as the foundation of all your financial decision-making. Bookkeeping data that flows into your accounting software forms the basis of all financial and management reports, such as Prof...

Planning for 2023

The last few years have been anything but easy for small businesses. Large-scale macro-events have forced us to adapt to thrive, highlighting the importance of remaining flexible and open to new ideas in the face of uncertainty.As with the last few years, 2023 is set to bring its own unique set of challenges. But with a new year also comes new opportunities for development and growth. It’s up to you to leverage these to drive your business forward.Here are some key areas to focus on to prepare...

Why you need a cash flow strategy

Running a business without monitoring your cash flow is like running head-first into the dark. A proactive approach to cash flow helps remove the stress and uncertainty of running a business, so you can make decisions with confidence and clarity. Here are 5 reasons why you need a cash flow strategy. Understand business profitability Having a cash flow strategy provides clarity on how cash is moving in and out of the business. This gives an insight into your wider business model and the profitabi...

How to navigate an economic downturn

With a recession on the cards and some financial uncertainty ahead, it’s more important than ever to plan and mitigate any potential problems. Here are some key areas to focus on to get your business in the best position possible to navigate the coming weeks and months. Cut unnecessary costs With the cost of living crisis, the impacts of Brexit and an upcoming recession on the cards, now is the time to be savvy about business cash and spending. Assess your cost structure and make tweaks where ...

Great habits of successful business owners

When you’re busy delivering for customers, it can be hard to find time to focus on your own business. Here are 6 key areas to help you stay on track and plan for the future. Review annual sales Make time to review your year-on-year sales and track your progress. How do this year's sales compare with last year’s? Think of creative ways you can meet sales targets like taking advantage of Black Friday or investing in some online ads. Also, take the time to look at your costs and profit levels a...

Our 3 favourite business books

In a world where we have boundless knowledge at our fingertips, it can be difficult to know where to look for answers– or who to listen to. A Google search for ‘how to grow my business’ results in more than 1.4 million results. That’s an overwhelming amount of information to sift through to find answers. Sometimes the old ways are the best ways. At Complete HQ, we love a good business book. Especially when it’s fun, entertaining, and to the point. We believe a good business book should...

How to future-proof your business

To move forward, we need to have a clear idea of where we want to be. Sometimes it can be all too easy to get stuck in the weeds, caught up in the here and now of running a businesses, you don't make the time to focus on the long-term plan. Where do you want to take the business and what does success look like? Maybe you’re looking to grow your business and increase your turnover, expand on your products or services, or perhaps you want to niche into a new market. Here how to gain the insights...

How to prepare your business for Black Friday

Worried that this year’s cost of living crisis might affect your Black Friday sales? Here’s how to leverage Black Friday and create excitement around the biggest shopping day of the year. ...

The future of ecommerce funding

'Banks and other traditional lenders have snubbed ecommerce businesses, but new approaches to funding are lightning fast, unsecured and won’t force you to give up ownership.’ – Swoop...

Lessons we've learnt from 3 years in business

As Complete HQ ticks over its third birthday, we’ve been lucky enough to work with some amazing businesses across a range of different industries. The last three years have seen us build a great team and a growing number of wonderful clients who have trusted us to help them on their journey. ⁣We've worked with bakers, independents, barbers and jewellers. It's been amazing to be a part of each journey and help each business on the path to where they want to be. It’s not easy running a busin...

Our 3 step process to help your business thrive

What does it take to build a thriving business? It’s all about strategy. Financial strategy is the backbone of any successful business, along with dedication, consistency and a crystal-clear view of your goals and targets. Here’s our three-pronged approach for building a thriving business....