Monthly Archives: July 2020

4 Essential Traits for Great Remote Workers

by Mike Swigunski • July 22, 2020 • 0 Comments

What qualities do the best remote employees have?

3 Strategies to Create More Inclusion in Business

by Simone Morris • July 22, 2020 • 0 Comments

Diversity impacts your bottom line, and there are plenty of resources at your fingertips.

Get Expert Coaching on Leading a Company Through a Crisis for $40

by Entrepreneur Store • July 22, 2020 • 0 Comments

This 11-course bundle can help you become the best leader you can be.

Target New Customers with This Simple and Affordable Short-Linking Strategy

by Entrepreneur Store • July 22, 2020 • 0 Comments

Learn more about your audience and scale your business.

5 Successful Remote Businesses That Paved the Way for Modern Startups

by Timothy Carter • July 22, 2020 • 0 Comments

Can you replicate the models of these businesses and go fully remote?

4 Steps for Increasing Your App's User Engagement and Retention

by Imran Tariq • July 22, 2020 • 0 Comments

Here’s how to make a smartphone app stand out in a crowded space.

Insurer using small business Covid grants to justify cutting payouts

by Timothy Adler • July 22, 2020 • 0 Comments

Originally written by Timothy Adler on Small Business
NFU Mutual, the insurance company, is using small business Covid grants already received by business owners as a pretext to cutting coronavirus payouts.
The insurer is paying less to struggling small businesses in the hospitality sector because it says they have received small business Covid grants.
The Government has paid more than £10bn to almost 900,000 small businesses in need in the form of one-off grants of up to £10,000, paid out by local authorities.
NFU Mutual said deductions made to reflect state aid are only applied to loss-of-profit claims, not to those made for loss of income. Determining a loss-of-profit claim settlement, it said, includes the need to consider “all taxable income”, including Government grants, as well as any other forms of compensation.
However, the Professional Association of Self Caterers UK (PASC) has branded the practice “highly immoral” and suggests NFU Mutual is using it to boost its own profits.
PASC UK executive chairman Alistair Handyside told insurance trade magazine NS Insurance that insurers should honour their contracts and not behave “so poorly”.
Handyside said: “Overwhelmingly our members are small, family-run, rural and coastal businesses for whom the Small Business Grant Fund is a critical lifeline intended to

Hot Business News Today

7 funding choices when it comes to financing your start-up

by Matthew Cushen • July 22, 2020 • 0 Comments

Originally written by Matthew Cushen on Small Business
As a start-up or small business, what are you funding choices? And the consequences of those choices?
Can you afford the time that it could take to grow the business organically – limiting the upfront cash and reinvesting revenue? Or do you need to develop the product/service quickly, chuck cash at marketing, get the brand in front of people, grow quickly and grab market share before others?
Do you have some personal cash to keep you going or are you going to need to pay yourself a salary before the business is generating enough cash to cover it? Are you going to recruit and pay others? Probably the most stressful aspect of building a team is ensuring you can meet payroll each month.
‘If you aren’t a natural spreadsheet warrior then find someone who is that can help’
How to create a cash flow forecast
To answer these questions you need a cash flow forecast, and ideally some comparisons across some different scenarios.
The high investment/fast growth scenario, the slow burn scenario, the optimistic scenario and the worst-case scenario where you don’t manage to generate any of the expected revenue and cash is flowing one way. A cash flow