Monthly Archives: April 2019

5 ways small businesses can keep on top of freelance payments

Originally written by Nick Woodward on Small Business
Many small businesses rely on highly skilled freelance and flexible workers to help them grow and run efficiently. It is imperative that in order to retain and attract the best talent, businesses do not repeatedly make freelance payments late.
According to the Federation of Small Businesses, late payments are killing 50,000 businesses a year.
For a small business looking to scale up and grow, it is vital that they avoid late payments and do not join the list of businesses that are dying because of them.
Here are five ways that businesses can keep on top of their payments:
Standardise timesheets
Many small businesses that rely on contractors receive a vast array of timesheets, ranging from highly detailed Excel spreadsheets to handwritten letters and even faxes. The process of sorting all this information out is confusing and a waste of time.
Small businesses should ensure that all freelance or flexible staff submit their timesheets in a coordinated and standardised fashion to reduce time spent organising them.
Ditch paper timesheets
Paper timesheets may have worked in the past, but the truth is that they are more prone to human error, use up paper and take up physical space. Timesheet errors are made

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7 ways to improve the output of your small business

Originally written by Dan Matthews on Small Business
Flexibility
Half a century ago workplaces were static uninspiring floors with bosses metering out hard and fast rules. We’ve come a long way since, but some businesses are evolving faster than others. Allowing people to work in their own way will drive up loyalty, productivity and retention rates.
James Lintern, Co-Founder at RotaCloud:
“At RotaCloud, we recently formalised and extended our flexible working policy, with our core hours now set to 10-3:30pm.
“In other words, most staff can start their eight hours of work at any time from 7:30am to 10am, whatever works for them. Early birds and night owls both benefit, with an extra productivity boost first thing in the morning and last thing in the evening when the office is a little quieter.
“We’ve also been able to extend our support hours as a result of this policy, offering an improved service to our customers. A member of our marketing team has even written an article on the benefits of this policy.”
Agility
Agile has been a buzzword for some time, but a business’ capacity to adapt in the face of change – whether threat or opportunity – is a key ingredient in its ability improve revenues

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How to make your office technology work for you

Originally written by Dan Matthews on Small Business
For more than a decade, the UK has been mired in a “productivity puzzle”. Ever since the so-called credit crunch and the financial crisis which followed in 2008, businesses have struggled to become more efficient.
As you might expect, economic growth, employment levels and total hours worked all slumped during the recession; but within a few years they returned to near-trend levels. Productivity got left behind.
According to the latest official figures, UK output per hour fell 0.1pc in the final quarter of 2018 compared with the same three-month period in 2017. It was the second consecutive decline and further evidence of an unprecedented stagnation.
That’s despite all the astonishing office technology advances that have taken place in recent times, including software as a service (saas) and cloud computing, plus ever-more sophisticated smartphones, tablets, laptops and desktops, not to mention the constellation of new online services designed to power businesses forward.
“UK small businesses are not as productive as they could be,” says Shaun Shirazian, UK head of product at Intuit QuickBooks. “The gap in productivity between the top and bottom 10pc of firms is 80pc larger in the UK than it is in the US, France

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