Skip to main content Skip to search

Posts by Davenports Tax Team

What every founder should know before they crowdfund


Despite the economic uncertainty surrounding Brexit the appetite for crowdfunding is stronger than ever with investor’s keen to support and profit from backing companies without taking undue risk. But any founder should think long and hard before they crowdfund as it’s not just about finding where the big money is. It’s about simple tips, like users and customers can make the best investors because they know the platform or product intimately so will have a passion for it. And there’s more here: https://bit.ly/2LrqRoO 

Read more

20 Tips to Effectively Reduce Office Clutter


Research shows the productivity of a business can be seriously affected by the amount of clutter around the work space, with smaller office areas most likely affected. And a decrease in productivity usually means a decrease in profits. Yet simple decluttering rituals can help solve these issues whilst keeping team members happier too. Digitise all files, remove physical files, shred all old documents and stop using post it notes are just four of 20 simple yet effective tips to remove office clutter: https://bit.ly/32AZBcY 

Read more

The rising trend of the ‘Olderpreneur’ start-up


There’s been a sharp rise in the number of people in or nearing retirement who start their own business. The ageing population and a changing workplace pose serious questions for older professionals looking to maintain earnings as the official retirement age rises. And then there’s a perception of age discrimination, but this won’t apply to those who run their own company. With money and assets available, and a change in the pension scheme, there’s never been a better time to be an ‘olderpreneur’. https://bit.ly/2JSks2T 

Read more

How the Naked Chef got caught with his pants down


The ‘Naked Chef’ Jamie Oliver has seen his second restaurant group collapse with about 1,000 jobs lost. This for the celebrity chef who shot to fame about 20 years ago and later had a string of successful books, TV shows and other licensing deals. But he’s also had his fair share of non-successes too, admitting that 40% of his business ventures were failures. So why did Jamie’s Italian misfire so woefully? Here an accounting specialist for growing businesses gives four areas where things went awry. https://bit.ly/31p3Vvm 

Read more

How the Naked Chef got caught with his pants down


The ‘Naked Chef’ Jamie Oliver has seen his second restaurant group collapse with about 1,000 jobs lost. This for the celebrity chef who shot to fame about 20 years ago and later had a string of successful books, TV shows and other licensing deals. But he’s also had his fair share of non-successes too, admitting that 40% of his business ventures were failures. So why did Jamie’s Italian misfire so woefully? Here an accounting specialist for growing businesses gives four areas where things went awry. https://bit.ly/31p3Vvm 

Read more

Proposed sweeping new powers for Companies House


Last month the Department for Business, Energy & Industrial Strategy issued an 80-page consultation document detailing the intended increase of powers for Companies House. It stated that a “major upgrade” of Companies House systems is needed and, if all proposals were applied, it would be the biggest change since “the Register of Companies was created in 1844”. So what are these proposals and what effect will they have on the private limited company and their accountants? Here’s some considerations: https://bit.ly/2Wx8Zdg 

Read more

Millennials ‘the most entrepreneurial generation’


The millennial generation is the one who is most keen to set up their own small businesses in the future – and has the right attributes to make their ventures successful, according to a recent study. Exactly half of adults aged 23 to 38 expressed their hope that they will one day run their own business, with 35% going as far as to call it a life goal of theirs. And the motivation to set up a successful SME was not just about higher financial return but involved work-life balance and job security.https://bit.ly/2UHeIBn 

Read more

The perks of being an al desko worker


When the weather is inclement taking your lunch at your desk has obvious appeal because who wants to eat a sandwich in the park in the wind and the rain? But should you be eating while working and who benefits, you or your employer? Can an employer dictate what you can and cannot eat in the workplace and should they subsidise lunch as a perk if you are eating while working? Would it be better to “get off the hamster wheel” and take some time away from the desk and mingle with colleagues instead? Some thoughts: https://bit.ly/2Het1Gc 

Read more

How to measure and manage your customer success managers


The role of the customer success manager (CSM) is relatively new in business, but is being implemented by more and more companies and is in fact one of the fastest growing jobs in countries like Australia, India and the US. But it is not for every organisation. So how do you decide whether your business needs a CSM to help improve customer satisfaction and therefore promote customer retention? And what KPIs should be set to measure and manage the CSM in your firm? Here’s some considerations: https://bit.ly/2BVD5Q6 

Read more

Why millions of people want to become self-employed in 2019


According to research more Brits want to work for themselves with 2.6 million saying they want to start their own business in 2019. A further 15% say they want to go it alone in the next few years but aren’t ready to do so yet, and 26% said they would like to but haven’t any set plans to do so. Most likely reasons to do so are about life and enjoyment rather than finance with 45.6% saying they wanted a better work/life balance but only 28.9% said their reason was to earn more money. https://bit.ly/2E5zIrw 

Read more