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How this London bakery found new revenue streams during lockdown

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Originally written by Timothy Adler on Small Business
Converted into a mini bakery, Alexandre Bettler’s spare bedroom was full of 25kgs bags of flour, fridges stacked on top of one another, with flour dust everywhere. In 2016, Alexandre Bettler decided to open his very own bakery business.
Bettler, a graphic designer, became interested in breadmaking as a hobby while studying at the Royal College of Art. He saw it as a means of communication (the French word for bread, “pain”, comes from the word “copain” or friend).
He began delivering his handmade sourdough loaves by bike to local friends in Walthamstow, East London. Soon he was delivering to local restaurants. Bettler realised he had outgrown their spare room and he opened the doors of artisan bakery Today Bread back in 2016. Not only was it a bakery but it had a 40-seat café as well. Soon, his bakery was selling up to 300 loaves a day.
Then the pandemic hit in March 2020.
Bettler was forced to close his doors and pivot to an online delivery service and takeaway almost overnight to keep going.
Thankfully, Square enabled him to get up and running as an online business within two days.
>See also: How to optimise cash flow

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Hot Business News Today

How to optimise cash flow with cashless payments

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Originally written by Dan Matthews on Small Business
Cash flow is the lifeblood of enterprise. Plenty of small businesses go to the wall each year, despite being fundamentally strong, because without having a view of how much money they have for payroll, inventory and long-term growth it’s difficult to determine how much money is needed to safeguard their business.
Boosting cash flow, not just sales
It doesn’t matter whether your products and services are in demand if the money from sales arrives too late to pay for business-related costs. This is a balancing act that many businesses struggle to achieve.
The good news is there are several ways to control cash leaving your business, while ensuring money comes in thick and fast. They include leasing big-ticket equipment, negotiating better deals with suppliers, and creating an efficient system to crunch your numbers.
For businesses that get paid through invoices, there are strategies to speed up payment times and ensure your customers are solvent and reliable.
But what about businesses that take payment at point of sale – is there a way to ensure payments hit your bank account in good time?
Upping your cash flow game with Square
Firstly, you need a payment platform with a positive reputation in

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Hot Business News Today

Half of the UK’s micro businesses do not accept card payments

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Originally written by Timothy Adler on Small Business
Half of the UK’s micro businesses do not accept card payments, according to payments provider Square.
Square’s research has found that 56pc of shoppers aged between 25 and 34 prefer paying by card, and 47pc of shoppers overall.
Jack Dorsey, CEO of Square, told the Daily Telegraph that payments technology could save small businesses now that consumers are turning away from cash.
“The real challenge is keeping small businesses in business,” Dorsey said.
Dorsey, who is also chief executive of Twitter, said he is convinced there is a future for bricks-and-mortar businesses on the UK high street.
“There are going to be a lot that moves on but the pub isn’t going to move on and restaurants aren’t going to move on,” he said. “There are lots of businesses that won’t be served by Amazon. In the worst case this will push some businesses to be a lot more creative. It will never get rid of the physical spaces that we love to hang out [in].”
Square is targeted at micro businesses, those employing fewer than 10 people, enabling them to offer card payments in store with accompanying valuable consumer insights via a tablet or smartphone.
Under pressure
So-called “micro businesses”

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