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All directory small business guide: Part one

This short guide is produced to help smallLocal Chambers of Commerce, What are They and
businesses in the UK starting out get a goodHow  Can  They  Help
grounding in sound principles which will
stand them in good stead when it comes toLocal chambers of commerce comprise a huge
developing  their  company.network dedicated to helping all forms of
business in their local area. They are part
Good  Book  Keeping  Tipsof the largest business support group in the
country, with a total of over 135,000
Good book keeping is one of the mostmembers. But they still, by operating at a
important should be learned, when starting uplocal level, manage to stay in touch with the
and maintaining a good and profitableneeds and aspirations of their members. This
business. Many new businesses go under everymakes them the first and very often the only
year not because of lack of turnover, orcall for business people seeking support and
profits, but because they do not keep properinformation.
books and have no idea of their financial
state and whether their cash flow is in theThey are able to help providing training and
red  or  the  black.modern apprentices and to can assist both the
business and the trainee in this regard. This
Bad book keeping can also send companies intocan be in a variety of fields from the
a state of turmoil when their tax returns aretraditional industries to the professional
due. The taxman is not impressed byand even high tech cutting edge businesses.
businesses that are not quite sure of theirThey also work in both the public and private
incomings and outgoings. But this need not besector.
the case and these days even the smallest of
businesses can keep themselves up to scratchLocal chambers of commerce can be a great
by  following  a  few  simple  rules.source of information for businesses looking
to get into export or import markets. They
Use a book keeping software: There are manyare able to provide good solid background
good software's that are inexpensive to buyknowledge of different countries, ways of
and easy to use and will, so long as you feeddoing business and the paperwork and
in the appropriate figures, semi automatedocuments  that  may  be  required.
most  of  your  day  to  day  book  keeping.
They can also save money for their members on
Always keep a back up: However reliable yourbasic business essentials such as insurance,
system is, there is always a chance that ithealthcare and pensions. By virtue of their
will fail, so always back up your accounts ashuge membership they are able to gain large
often as possible and keep a separate copy ondiscounts  from  many of these organizations.
disk,  in  a different place to the computer.
The local chamber s of commerce is a good
Do not throw away paperwork: Even after yousource of advice on almost any business
have fed the data into the accountingactivity. They encompass nearly all areas of
software keep all of your paperwork. You canbusiness and as such are able to help with
never have too many back ups and if all elsemany of the problems that businesses
fails then you will always have all yourencounter.
transactions  on  paper.
Being run by the local businesses themselves,
Do your accounts every day: This means yourthe local chambers of commerce are a great
accounts can be done quickly and prevents theway to network with others locally that are
whole thing backing up and getting out ofin your industry. Networking is a very
hand. If you don't make the space to do onepowerful business tool and meeting those who
days book keeping, when will you make theare in the same field can have many
space  to  do  three  weeks  worth!advantages.
Always keep cheques and invoices in order:For anyone who is in business the benefits of
This means that if you need to go back andjoining the local chambers of commerce can be
check, then it is all consecutively numberedsignificant. With their huge wealth of
and  easy  to  find.knowledge and facilities they can be an asset
for  most  types  of  businesses.
Although there is a great deal more to book
keeping than this, following these simpleAnother important step is to promote your
rules will help you to make the most of yourbusiness on the internet and our UK business
system and make it less likely that you willdirectory will list your site for a one off
get into a confusion about your books andfee of £12.99. With over a million
your  finances.businesses listed, why not give it a try?
Look out for part two of our guide!



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