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Business Basics – Project Evaluation
Projects can be anything from taking on a new person, or launching a new product, to building a manufacturing site, or acquiring a business to merge with the current one. How you evaluate each project can vary depending on size and complexity. But undertaking the exercise leads to better decision making and control.
Building Resilience and Sustainability into your Farming Business
Resilience and sustainability lie at the heart of modern farm business strategies, ensuring that agricultural enterprises can withstand economic shocks, adapt to evolving environmental regulations, and maintain profitability amid climate volatility. By embedding sustainable practices, ranging from energy efficiency to regenerative soil management, farmers not only safeguard their livelihoods but also contribute to broader goals of food security and environmental stewardship.
Business Basics – Shared Ownership
Directors and shareholders of UK companies have many rights and responsibilities, but how do these change when you are one of a number of shareholders in a company?
Business Basics – Selling a Business or Shares in a Business
Being aware of your business's value enables you to determine a fair selling price for some or all of your shares and negotiate efficiently with prospective buyers. But where do you find a buyer for your shares, and what happens now?
Business Basics – How much is your Business Worth
Being aware of your business's value enables you to determine a fair selling price for some or all of your shares, negotiate efficiently with prospective buyers, and secure beneficial financing deals, among other advantages.
Business Basics - Forecasting
Although we don’t have a crystal ball, so forecasts are fundamentally informed guesses, businesses need to use them to make informed business decisions and develop business strategies.
Business Basics – Accessing Capital for Growth
Gaining access to outside investment means you don’t have to give up on your dream. So how do you prove to any potential investor that your business model is worth
Farm Diversification: Where to start
According to DEFRA, 71% of farm businesses in 2023/24 have some form of diversified activity, up from 61% in 2014/15. Income from these activities produced £1.393 billion in 23/24, up from £1.321 in the previous year. This demonstrates how important these income streams have become.
Business Basics – Making Tax Digital
Making Tax Digital (MTD) for Income Tax and Rental Income is the biggest change to Self-Assessment since it was launched by HMRC over 30 years ago.