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Ten tips for small business bookkeeping and accounting

Small business bookkeeping is regularly listed as one of the biggest headaches facing the self-employed.  Unless you’re an accountant, it’s unlikely to be your passion for numbers that led to you setting up your own business.  Business bookkeeping can’t be avoided however, so finding ways to better manage your books can make a real difference to your working life and overall efficiency.

In no particular order, here’s our top ten tips to help keep your business bookkeeping stress-free.

1.Keep your personal and business finances separate

It sounds obvious, but you should always try to keep a strict divide between your personal and business finances. Many people drift into self-employment over time, setting up part-time businesses or taking on extra work on the side. Having separate business bank accounts doesn’t always feel like a priority early on. As the business grows it can then be more difficult to extricate business finances from personal ones. Even if you’re only running a part-time small business to earn extra income you should open a separate business bank account and get a business credit card.  Make sure you always properly record your business expenses.

2. Investigate online bookkeeping

Using cloud-based software you can easily adopt online bookkeeping. It can save an awful lot of time and energy, syncing your bookkeeping software like Xero or FreeAgent with your business bank accounts. You can always have up to date records and your critical financial data is automatically backed up.

3. Master the lingo

You don’t have to become fluent in the more arcane aspects of financial terminology but understanding the basic terms will make things much simpler. Try to get up to speed with basic bookkeeping and accounting terms such as liability, asset, revenue, etc. Don’t be embarrassed if you don’t know some of the more technical terms. You’ll pick those up naturally over time.

4. Keep hold of important bookkeeping records.

Every time you or your staff get a receipt or an invoice it’s important that it’s kept and stored correctly. Keep hold of your bank statements, cheques, receipts, invoices, deposit slips, bills, tax returns, etc. safely. You should scan and save everything for at least six years, because you never know when you may need to refer back to them or if they will be requested by HMRC.

5. Filing and invoicing

Always keep incoming sales payments and invoices separate. Sales invoices should always be raised and filed in a sequential order. There’s a number of different ways to file purchases but keep everything thorough and logical and you won’t go far wrong.

6. Keep up to date

As with so many things in life, the best way to manage your small business bookkeeping is do it little and often. Keeping up to date with your books and making it a regular part of your working week will save you a lot of hassle further down the line. Staying organised reduces the risk of paperwork being lost. Reconcile your bank accounts on at least a monthly basis to ensure every item has been accounted for.

7. Keep track of petty cash

Many business owners, particular in the early days, can be nonchalant about their petty cash. Every time you dip into the petty cash, even if it’s just to pay for a stamp, you should keep a record of the amount being spent. You should reconcile your petty cash regularly, perhaps once a week, to ensure that there aren’t any inconsistencies. This helps you keep track of where your money is going and helps prevent theft.

8. Keep your accounting statements up to date

Issuing invoices is one thing, but they don’t count for anything until they are paid. That’s why it’s important to accurately track cashflow. It’s the lifeblood of your business so keeping the payments coming in is important. It’s easy be so busy with work that you forget to chase up payments, but the bills keep arriving.  Keep an eye on your invoices and have a regular day of the week to chase up unpaid ones. The future of your business really could count on it.

9. Be prepared for emergencies

As well as keeping track of invoices and cashflow, one of the surest ways to fireproof your business against future shock is to build up an emergency fund. Surprise bills and sudden expenses can completely derail the best laid financial plans, and in some cases can even endanger the future of an otherwise viable business.

Open a separate savings account purely for business emergencies. This should give you enough money to manage your business for a few months if you’re unable to work. Your emergency fund should also be there if you have a sudden expense. If you’ve unpaid bills that are waiting on invoices being settled, the last thing you need is a computer breakdown. If you have emergency funds you can easily cover unexpected expenses. This means you’re less likely to be forced to go into debt to try and keep your business trading.

10. Consider hiring a bookkeeping or accountancy professional for small businesses

If you’re keeping business books for the first time, and perhaps trying to get your head around different software, you’re likely to make mistakes. These are all but inevitable when you’re a novice and, in most cases, will be of little consequence. There are mistakes you can make however, that can have a serious knock-on effect with your business record keeping. Putting them right can be costly in terms of time, and sometimes money.

Most accounting software packages come with some form of support, but most of these are of the operational and technical kind. They can tell you how to keep the software running, but they’re unlikely to tell you how to manage your business accounts.

One Click Accountant provides online bookkeeping services to small businesses which gives tailored support to business owners in managing their taxes and accounts. An online bookkeeping service can give you greater clarity on your business finances, helping you to better manage your business cashflow as well as free up your time.

Bookkeeping can be a chore, but it doesn’t have to be a huge distraction. Outsource specific financial tasks to a accounting or bookkeeping professional who is experienced in handling business accounts.

How to Become an Effective Leader

From Simon Sinek to Eric Ries, effective leaders have the ability to inspire audiences and empower their employees. They are visionaries who can drive innovation by motivating people to reach their top performance. Majority of the time, this is done through the creation of shared visions that foster cross-team collaboration

However, despite knowing the impact a successful leader can have, many businesses still think that if given the opportunity, their leaders wouldn’t be ready to guide their organisations into the future. This less than promising fact has caused a lot of leaders to rethink their methods and adapt their approaches to become more inspirational and effective. 

This, in turn, has caused a big uplift in leaders taking management training courses to ensure they’re up to date with all the modern management techniques. 

Always Lead by Example

One of the largest challenges that leaders face is managing innovation and positive change. Effective leaders are able to train and motivate their teams and drive their organisations forward. They do this by embracing changes and promoting them in the workplace. 

If you’re faced with a situation where positivity isn’t an option, you need to make sure that craft your response before you address it to your workforce. This approach will allow you to set the standard for how your employees should react and will allow you to steer them towards embracing the change themselves. 

Put Your Employees First

The majority of leaders are aware of the benefits of approaching their work in a people-centric way. By taking the time to understand your team and how they work means you’ll be able to develop a better management strategy. Additionally, you’ll be able to forge relationships that are built on trust. 

Respect Your Employees Opinions 

The more diverse that your workplace is, the more innovative your business will be. Your employees may approach certain situations with a different perspective, so it’s important to respect their opinions and points of view. Effective and well-respected leaders achieve this by encouraging their employees to give them feedback and keeping lines of communication open at all times. 

Encourage Personal and Professional Growth

Acting as a type of cheerleader is a crucial part of being an effective leader. So, you should also be fully invested in their successes and growth. When leaders genuinely believe in their employees and provide them with opportunities to grow, they’ll be surprised at just how much they can achieve.

Set Realistic Goals and Expectations

Setting realistic goals and expectations is the key to employee success. When setting these, you should encourage employee feedback and questions to see if they are happy or have any concerns. Including them in the process is an excellent way of increasing engagement which in turn can have a positive effect on productivity.  

You Should Welcome Failure

Nobody likes failing, especially when it comes to their work. But failure is an important step towards being successful. As a leader, not every decision you make will result in a positive outcome, so it’s imperative to acknowledge this early on in your career. To key to growing from an aspiring leader to a great one is learning how failure leads to bigger success. 

Understand What Motivates You As a Leader

If you’re currently in a leadership position and you view your career as “just a job” that earns your money, then it’s going to show. To be an effective leader, you must possess the right motivation. Do you want to inspire people to do their best or is money all you care about? In addition to knowing what motivates you, you need to also be aware of what decreases your motivation and energy. 

Always Explore Further Development Opportunities

If you’re looking to embrace what we’ve covered in this article and then you should always consider further development opportunities in the form of education. Certain courses like a master’s degree offer mid-level leaders to come together and develop their skills to further their careers. 

Remember, becoming an effective leader takes time. Although some people naturally have the skills required, it’s something anyone can learn throughout their career. With hard work and dedication, you’ll be able to lead a team to success. 

How To Accelerate Business Growth With The Help of Technology

The technological advancements achieved over the years has changed the way business is conducted and for the better. As a business owner, you have the liberty to manage and administer streamlined dashboards, with access to information in real-time across teams with direct access to your target audience via digital channels and platforms.

The market is rife with competition which makes gaining an edge over your competitors a priority. In a tough economic environment, making the most of the latest technology will help accelerate business growth as you establish a firm standing in your niche.

Why Leverage Technology?

When you leverage technology to automate your business processes, it will free up resources and headspace to focus on core business activities and services which will further boost your growth and profitability.

Speaking of business scalability, the smallest tweak can go a long way in enhancing your operations. You can benefit from the best of tech and innovation in the most unexpected ways to take your business to the next level, be it managed IT services, installing renewable heating solutions or automatic business doors!

With that in mind, let’s take a look at how you can accelerate business growth with the help of technology!

1.   Automate Business Finance

Finance lies at the very core of every business. The numbers have to add up and remain in sync with your balance sheets and profit and loss statements to make sense. If that’s not the case, your company is in trouble and is likely to fail. This is where you can benefit from cloud accounting software that will accurately crunch numbers automatically. With cloud computing solutions, you can take control of your finances as you access critical financial information with just a few clicks.

You can integrate your business bank account with the software at hand and learn about monthly incomes and debts you have incurred. You can also benefit from digital invoicing meaning you can be sustainable and green with your business activities.

With cloud solutions at your fingertips, managing company finance and profitability has never been easier. Consult your managed services provider and access cloud accounting tools like Xero to automate business finance which will further enhance your decision making.

2.  Track Your KPIs

The only way to ascertain that your business performance and output has increased is to measure it with previous figures and numbers. You can use technology to track these metrics and work upon them to improve in areas where you lag behind. Leverage cloud dashboards to integrate financial data, live sales reports and payroll to highlight core KPIs. Set up clever dashboards to record, track, maintain and improve both financial and non-financial KPIs. This way you can make improvements in real-time and influence business performance with surgical precision.

3.  Create Brand Awareness By Leveraging Social Platforms

While social media might not exactly be the new ground breaking idea that will change the face of your marketing campaign, it doesn’t mean that its not an effective marketing tool. Your social media could be a powerful aggregator of stories revolving around your brand awareness, look for a social media agency in London. Optimise your social media footprint with tools like Hootsuite that assist in planning and scheduling posts across platforms and channels. This way, you can steadily build and instigate audience engagement.

Ensure that you continuously improve your efforts by tracking the analytics on every platform you use. Leverage the power of videos and podcasts as you get your brand story across and communicate with your target audience. 

4.  Streamline Sales and Lead Generation

Business growth is directly proportional to new business and leads you acquire. You have to come up with ways to attract new customers in order to improve your bottom line. The amount of quality leads you engage with and out of that, the number of leads you convert into paying customers is the baseline for new clients and business. If you fail to keep a track of all the details and conversations you had with potential customers, you will surely lose business from prospective paying clients.

Tools like Hubspot and Salesforce are handy to fully automate the sales process as you ensure that nothing slips through the cracks as you maximise your marketing efforts to convert leads and add to your revenue.

You can also adopt a green business approach as clients today place emphasis on sustainability practices of a company. Install heat pumps, solar panels or biomass boilers to improve your carbon footprint and further green your business.

Click here to find out more about air source heat pump installation company!

5.   Create a Cloud Company Culture

While technology can simplify many things for you, nothing can replace the element of human touch that’s conducive for a collaborative business environment. Thankfully, there are tools available that help bridge the gap, using technology to keep team motivation and productivity at an all-time high. With tools like Office Vibe, teams continuously receive feedback from their colleagues and managers and act on them accordingly to improve their deliverables. You can also use Hi5, which is a staff recognition tool that ensures peer recognition and appreciation for work well done.

Simple tools like these can go a long way in building and promoting a healthy and happy company culture that works for everyone. You can also use Google Suite to work on documents and files with the whole team at the same time which bolsters productivity and reduces delays and frustrations.

The Bottom Line

As a modern-day company, its important to not miss out on the latest tech trends that can help you redesign and automate your business and its scalability. It is an exciting time to build a business and take it to the next level with all the technological means available at your disposal!

Ensure that you make the most of it as you successfully grow your business and make it more profitable!

Driving the future: How Coronavirus is affecting the automotive industry

Having suffered the full throttle of lockdown for months on end, the UK automotive industry (worth £82bn in turnover) has been crumpling with showrooms shutting and factories laying idle.

Here in the UK, Nissan, Vauxhall, BMW, Toyota, and Honda closed some or all their factories due to falling sales and lack of parts, all due to the coronavirus pandemic.

But what does the future look like for the industry as a whole? When restrictions are finally entirely lifted, will people be flocking to buy new cars, opting for second hand or simply purchasing a new number plate to revamp their existing motor?

Supply of parts

The problem when it comes to manufacturing new cars is the constant need for parts. They need to be made and then delivered to plants. But with COVID-19 rife, every stage of the crucial supply chain has been majorly disrupted.  And of course, many cars created here in the UK are exported abroad.

Car sales have also been badly hit as people haven’t been allowed out to browse what’s on offer at local showrooms. The impact in European countries has been negative too

Mounting pressure

The industry has already felt increasing pressure to produce lower emissions vehicles in a bid to avoid hefty fines. Car makers cannot afford to divert funds away from alternative-fuel technologies at this time.

With many manufacturers having invested millions into electrification, they are too far gone in terms of time spent, capital and effort to turn back.

And with Brexit, manufacturers in the UK are still uncertain about the future.

Driving the future

Assessments of autonomous technology also needs to take place in light of COVID-19. With social distancing still in place months after it was made essential, self-driving systems would seem an excellent idea but again, balance sheets need to be considered.

With everything hanging in the balance for manufacturers, it is incredibly difficult for them to map out any kind of future plans.

Looking forwards

Thankfully, since July, the industry has started to see a rise the number of new car registrations in the UK (up 11.3% year-on-year) due to pent-up demand after months of dealership closures.

According to the Society of Motor Manufacturers and Traders, despite recovery and dealerships fully reopening, the year-to-date figures are down by 41% with just over 820,000 new cars registered in 2020, compared with 1.42 million by this time last year.

With potential buyers hoping that car prices will drop before returning to pre-Covid-19 prices, there may be very short term deals available just now. So, it may be a good time to invest in a new car as dealerships have just re-opened.

A recent report by Auto Trader found that half of driving licence holders they surveyed who did not own a vehicle, said they were considering buying a new one to avoid having to use public transport wearing a face mask.

But as with everything, as demand begins to increase and people get back to work, prices will creep up.

In general, the industry can expect to see mergers and acquisitions, and companies sharing platforms. There may be a need to localise supply chains where possible – hopefully paving the way for some positive news for small UK firms.

What about the number plate industry?

With a global shortage of acrylic, number plate manufacturers have also struggled to keep up with growing demand.

But many people are seeing a new registration plate as a great way to revamp an old car, particularly if they can’t afford to buy a new motor in these unprecedented times. A new registration plate can be a great way to advertise your business, personalise your motor or just make it stand out!

How to smarten up your organisation’s image in 2020

As the world deals with the effects of COVID-19, it is more essential than ever that your business projects a strong image that tells prospective clients and investors the story you want them to understand.

Whether you want your company to seem slick and efficient, or straightforward and approachable, there are some choices that will always make your presentation better. Here are our top suggestions for ways to smarten up your company’s image in 2020.

Change up your phone system

If your business can run while people work from home, you have probably already dealt with some changes to your phone system, as office-based landlines became less practical. However, with the future still uncertain, it can be worth taking the time to make this a proper investment.

Changing up your phone architecture by using a hosted phone system will allow you to tailor your communications to your company’s particular needs. This can include a more flexible and professional setup for receptionist hosting, as well as giving every employee the chance to connect their work phone to their preferred device, which could prove especially useful should there be another lockdown.

Work with your employees to create the COVID-19 support systems they need

Working remotely, which will become more common in the very near future, offers a range of personal and environmental advantages, with many people finding it preferable to office work. However, it comes with many new challenges that must be adapted to.

One essential step is ensuring that your employees have the technology and equipment necessary to do their jobs remotely. However, on top of this there is a need for your business to have frank discussions with employees about what they need to be able to function well in this new normal, since home working is now here to stay. In some cases, this may be flexibility with when work hours fall within their existing work week, to allow for childcare commitments. Or perhaps the response from a large number of employees might inspire you to invest in better access to remote mental health services?

Listening to employee concerns will help you choose the right measures to meet your employees’ concerns head on and make sure that you have the happiest, most productive workforce possible. Having a reputation for caring about your people translates into trust from potential clients, as it shows your business has integrity.

Restructure your website with a minimalist look

Website design should never detract from your potential client’s experience of your business – but so often, exactly this happens. Whether webpages are too bright, too busy, or too old-fashioned, it can be hard to strike the right balance.Knowing your audience is the most important thing – knowing the demographic you are appealing to can shape what fonts and styles you use, to be nostalgic or welcoming for that part of the population. A minimalist look can be a great advantage because it will load quickly for people with slower Internet connections, and work well on mobile, which is increasingly essential these days.

5 tips for managing and supporting your staff in a crisis situation

Working life can come with its ups and downs. However, when the worst comes to the worst, this can have a severe effect on work morale. If an employee works for a company that is going through a lawsuit, furlough, job losses or even a merger with a different company, it can make them feel like they don’t know where they stand. Will they still be able to bring home a wage at the end of the day? As a manager, it is your job to make them feel safe and secure even during difficult times. Here is exactly how you can do it.

1. Be open about the changes

One of the worst things that you can do is lie to your employees. Not only will this break their trust, but you will find that they will not believe you about future advice and information. Your natural reaction may be to completely withdraw in order to avoid conflict, but this can be equally as debilitating. Afterall, you need to let your employees know exactly where you stand with this. This is how you will build their trust and let them know that they have nothing to worry about. If you do have to break bad news to them, do it empathetically. You can learn how to help your workers appropriately through courses provided by LifeWorks.

2. Be action focused

Actions do speak louder than words. You can say one thing, but if your actions don’t reflect it then your employees may start to lose faith in you. Alter your routine and make sure to act empathetic to your employees if work is currently in a crisis. Make the effort to keep in touch with them and check in on their daily routines. This will show that you care and will inspire them to keep working hard.

3. Organization & Workload

If you are in a crisis in your workplace, it can be tempting to simply go overboard and dump as many responsibilities as possible on different employees. Do not do this! This sort of behaviour can drive your employees in to panic mode and can make them extremely stressed. Make sure to keep organized and to divide responsibilities equally. Communication is key to making sure that everyone understands what is expected of them.

4. Acknowledge and Reward

It’s important that you reward your employees for their hard work. During moments of crisis, it can be tempting to simply push the next task on them and ask them to complete it as quickly as possible. Instead of doing this, acknowledge their work and reward them. You may want to take your team out for a meal as a reward or even buy them drinks once work is finished. Take some time to think of a list of rewards for your employees!

5. Set information boundaries

Of course, you’re not going to know every piece of information immediately. Instead, if you are in a crisis period in your company, you will need time to understand precisely what is going on and how you can support your employees. Set boundaries and only let them know information when it is certain. That way you can be sure of the outcome and how it will affect your workers.

How effective psychology tips can help your business boost sales during the current climate

The unprecedented times we’re currently facing have resulted in a devastating period for many businesses across the UK and further afield. Here in the UK, a national lockdown was introduced back in March, which meant many shops, restaurants and businesses had to close their doors for the foreseeable future.

Although the country is cautiously getting back to some form of normality, unfortunately many businesses have had to make staff members redundant, or close their business for good, due to the cripping economical effects of the pandemic.

With the majority of businesses now allowed to re-open, it’s vital that owners create a plan to help boost sales and slowly start to repair some of the financial damage caused over the past few months. To help you understand this in more detail and cover some of the areas that may have never crossed your mind, Immedia have put together 8 psychology tips which can help your business boost its sales.

Fine tune your audio output

It has been suggested that playing music and adverts which connects with your business’s audience can help towards boosting sales. According to a study created by the Journal of Consumer Marketing, you should carefully consider the types of audio you are playing at various times of the day. For example, what you play in the morning might not be as effective during the evening; so it’s important to be aware of this.

Example: A great example of how this point has been implemented, is by the highstreet chain, Superdrug. They have created an in-store radio station which advertises offers and discounts. It was reported that by doing this and targeting specific products, sales increased by 10%.

Make use of the ‘reciprocity principle’

Interesting studies carried out by Dr Robert Cialdini discovered that a waiter in the hospitality industry could increase tips given by diners by around 3%, when a mint was given with their bill. More surprisingly, the percentage went up to around 14% when two mints were provided. If your business doesn’t fall under the hospitality industry then you may be wondering how to implement this technique, but it’s easier than you think.

Example: If you’re an owner of a beauty business then it’s more than likely you’ll sell fragrances. One of the best ways to implement the tip we have mentioned, is to provide free samples or offer free gifts when a purchase is made. A free sample allows the customer to try the product and if they like it, your chances of a sale have increased.

By understanding two of the tips we have selected from the eight Immedia have listed, you can begin to understand how important psychology is when it comes to boosting sales. Businesses haven’t faced an economic battle like this before, so it’s crucial you do all you can to get your business back on its feet after an unprecedented few months.

The key impact influencer marketing can have on your business

You are probably already thoroughly familiar with the notion that, through being active on social media, you can promote your business and so help to spur its growth. What you might not have realised, however, is how much you could benefit from letting other people do it on your behalf.

This is a reference to influencers – who, though simply popular, social media-based figures on the surface, also discuss, review or promote products or services for businesses offering them.

To your cause, you can recruit various influencers – potentially ranging from big names with millions of followers to nano-influencers whose follower counts are under 10,000. It’s easy to underestimate the usefulness of influencer marketing, but you shouldn’t – and here are several good reasons why.

You can attract more of the right customer

Yes, you might be able to land an advertising spot on Kim Kardashian’s social media pages – but how worthwhile would that really be for your business? After all, you could be paying big money for the privilege – and her followers might not be too interested in, say, your cloud computing solution.

None of this is to say you shouldn’t chase top-tier celebrities at all. Rather, the point is that you should make sure your chosen influencer’s audience is, essentially, your own company’s target audience. If your business sells catnip toys, for example, then an influencer whose niche is in sharing photos and videos of their cute kittens is the type of influencer you should seek out. An agency that offers influencer marketing services can help you find the right influencer for your brand or business saving you a lot of time.

You can build social proof

How many times have you scoured reviews all over the internet in your attempt to discern, say, the best smartphone for you, only for you to eventually just act on the recommendation of a friend who says something like “I got the new iPhone SE last week, it’s pretty brilliant”?

That’s the power of social proof – and, according to Business 2 Community, 90% of marketers report that social proof assists them in building brand awareness. Fortunately, when you have the right influencers on your side, social proof is much easier to build than you might have realised.

That’s because, while someone might pay little attention to your product if they simply see it listed in a glossy brochure, they could change tack if they later see their favourite influencer recommending that product.

You can leave influencers to create content on your behalf

Though Bill Gates once famously said that “content is king”, trying to compete in the content game can feel horribly daunting. Last year, internet users were watching 4.5 million YouTube videos, sending 87,500 tweets and scrolling through 347,222 Instagram messages – all just per internet minute, as Forbes Agency Council member Ismael El Qudsi warns.

Besides, you could be short of time you need to create much compelling content yourself. Fortunately, a company like the influencer marketing agency Socially Powerful can find you an influencer who knows how to create a steady stream of engrossing content – textual, visual and aural – shining a light on your brand’s products or services.

Ways to make a physical office a safe working environment during the pandemic

We’re all pretty much in the same boat when it comes to returning to normal life amid the coronavirus pandemic. There’s no shame in saying that, for many of us, it’s proving rather difficult to adapt to this ‘new normal’, and some may be struggling to implement those all-important changes to create a safe working environment.

Firstly, it’s vital to remember to adhere to social distancing measures so that your business can start trading again, lessening that hard-hitting impact on the economy. Of course, many businesses have taken great advantage of remote working, however, for many, this simply is an unsustainable and unachievable way to maintain the best results. Moreover, many businesses need to handle stock and sensitive data that cannot be done from home.

The freedom to continue building relationships is another reason why returning to ‘office life’ is so crucial.  The communal space allows for staff to work alongside one another, and is a great place to welcome clients. Serviced office space from BE Offices can provide the safe space that you need, lifting the burden of you spending countless hours searching for the most appropriate solution.

Increased cleaning

Now, you’re likely to be familiar with cleaning everything from your smartphone to your groceries, eradicating any possibility of spreading the virus. In regards to the office, be sure to use disposable gloves for cleaning and disinfecting surfaces and items. Once you’re finished with the gloves, remove them and dispose of them accordingly.

Before you begin any disinfection regime, why not consider first having a pre-clean? Cleaning with soapy water will remove any particles that carry the risk of COVID-19, meaning the viral load is reduced even before disinfection properly begins.

Social distancing

Reduce the number of people in a work area so that the ‘2-metre distance’ rule remains in place at all times. Begin by reviewing your business’s entire work schedule, and adjust start and finish times accordingly. Speak to your employees and adapt shift patterns if needed – you could have one group of employees in for the start of the week before returning to work from home Thursday and Friday, and vice versa for other staff members.

You may even need to redesign your office space to ensure social distancing measures can be properly achieved. The plan could include one-way systems for entrances and exits, desks spaced further apart and all meetings held via Zoom or another online platform. If you’re struggling to adapt, you may like to know that a serviced office will help to ensure that these measures are already in place.

PPE

Following the latest government guidance in regards to PPE and face coverings, if your staff members are comfortable with wearing a mask, encourage them to do so. Face-coverings are an extremely beneficial measure – even if it’s just precautionary – especially in enclosed spaces. For higher traffic areas, such as the reception area, it may be wise to recommend that all visitors wear something to cover their nose and mouth. With this in mind, keep a small stock of disposable masks somewhere onsite.

Seek Financial Advice and Buck Up Against Financial Risks!

What’s better than seeing our family safe and protected against all the odds? The surging situations of business instability and undesired events like coronavirus pandemic are heading towards enormous financial breakdown, but don’t let your family break because of this. We are entailed to secure the future of our loved ones and our babies to give them a better life forever.

In relation to this, what holds a meaningful place is seeking financial advice from experts and grabbing the professional knowledge to handle the complex conditions. The best way is to look for the service that works selflessly and in domains to provide a strong front in financial aspects to its customers, for instance, MyBump2Baby, a  financial advisor in Belfast, deals with income protection, pensions, investments, and life insurance.

How Financial Advisors Help you Online to Stay Financially Protected?

Just as the financial advisor in Belfast ensures the safety of family via online mode, there are enormous other online sources that assist in the most essential aspect of life, handling finances. Most of the financial advisors work solo and some work in teams to accomplish the aim of securing money and assets. You can expect the following financial protection online from a financial advisor:

  • Creation of strategies over handling the wealth for a long time.
  • A game plan for dealing with the risky and complex situation when your money is at stake.
  • Bringing you out of the financial debt with his or her personal plan.
  • Helps you in budgeting to deal with enormous expenses, usually difficult to manage.
  • Advise you to invest in  the right place and in the right thing that can help you achieve the maximum rate of return.

How Can You Plan a Better Future for Your Family?

Finances play the lion’s share when it comes to the family for the uncertainties and risks are always on the list of threats. Nevertheless, practicing the proficient kind of financial service lets you have victory over the challenges. The growing threat of coronavirus pandemic and its havoc in the financial market urges immediate action to join hands withfamily financial advisors. The professional and expert in this field will let you acquaint with the attributes such as an accurate way of investment, fruitful insurance, the right type of account to be opened, and much more. This helps you to attain a safe side for your partner and babies. The below points elaborate the role of a family financial advisor :

  • He or she will listen out and set out a questionnaire for you to get a clear picture of your wealth and assets.
  • One will bring an effective financial plan for your secured and happening future. The plan covers every detail and policy that you need to follow and work upon.
  • You will get an idea about the potential financial risks.
  • You will learn about efficient investment sources popular for better results.
  • He or she will update you regarding your investment graphs in context to the market index.

To sum up, financial advising services head towards ample merits and provides you a path to walk upon which lets your wealth be safe. Besides, with the expert’s reviews and products, you can live a carefree life without hassle and burden. So, what are you looking for? Stop bothering yourself and deal with the challenges with the help of financial advisors.