FJL Financial Ltd

04/03/2024

Sales is the backbone of any business 🧠

Connecting your product and services to the right customer is key to generating revenue and growing your commercial activity in the market.

As a start-up creating a new solution, sometimes looking for ultimate perfection takes up vast amounts of time. However, don’t overlook the importance of selling and speaking with as many potential prospects as early and as frequently as possible.

Without strong sales, business will not thrive 🚀

29/02/2024

Key metrics business owners should understand 🧠

⚫️ Revenue
⚪️ Gross profit margin %
⚫️ Net profit margin %
⚪️ Expense items as a % of revenue
⚫️ Quick ratio (liquid assets / current liabilities)
⚪️ Average debtor days (time to get paid)

Understanding and navigating these key metrics enhances business decision making capability 🚀

27/02/2024

What makes a solid business financial plan? 🚀

Having a clear strategy for the direction of your business is key. Understanding the needs of the business and ensuring this aligns with the funding capability makes this planning more robust 🎯

Top 5 tips for your financial plan.

1️⃣ Decide if plan goes bottom up or top down
2️⃣ Use prior period actuals as a handrail
3️⃣ Use realistic and tested assumptions
4️⃣ Focus on the key selling unit economics
5️⃣ Get a peer review to validate and test model

26/02/2024

Which statutory filings should limited companies be aware of and have an understanding for? 🫵🦾

⚫️ Year end company accounts
⚪️ Corporation tax filings
⚫️ VAT filings
⚪️ Payroll filings
⚫️ Pension filings
⚪️ Confirmation statements

23/02/2024

Revenue is vanity. Profit is sanity 🧠

A strategy focused around growth at all costs is supported in a low interest rate environment, with easy access to growth capital. At some point however in the future, businesses will then need to demonstrate a robust and viable business model which is financially sound and sustainable.

How is your business navigating the balancing act between growth and profits? 🗣️

22/02/2024

Did you know? Over half of UK businesses are started from home! 🏡

From kitchen tables to global success stories, entrepreneurs continue to help drive innovation and growth 💼

21/02/2024

Around 50% of small businesses fail within the first 5 years. Through our experience working with entrepreneurs, we list our top contributing factors 🎯

1️⃣ Lack of go to market research
2️⃣ Poorly executed or lack of business plan
3️⃣ Lack of finance and cash flow constraints
4️⃣ Expanding to quickly
5️⃣ Lack of controls, process and strategy

21/02/2024

Looking for industries with growth potential? ☑️

Top 5 fastest growing UK industries in 2024 🚀

1️⃣ Non-Alcoholic Beer Production (40.5%)
2️⃣ Corporate Travel Services (31.5%)
3️⃣ AI/ML Software Development (22.4%)
4️⃣ Immersive Technology (21.9%)
5️⃣ Fraud Detection Software Development (+20.3%)

20/02/2024

UK tax returns for the 2022/23 tax year 🎯

Approximately 1 million UK taxpayers have still yet to file their 2022/23 tax returns for the HMRC deadline set for the 31st January 2024.

Late filers face an immediate £100 fine, with the potential of further penalties, in addition to annual interest accrued at 7.75% on a pro-rata basis until payment is made.

If you are still yet to file or need some support, get in touch 📩

E: [email protected]
P: 020 8054 3238
W: www.fjlfinancial.co.uk/contact

CONTACT US Let’s get in touch! Connect with us anytime! We’re eager to hear your feedback, questions, and ideas. Get in touch via email, social media, or the below form. Twitter Linkedin Facebook

20/02/2024

In 2023, the UK has 5.5m registered private companies.

Up from 3.5m in 2000 (2.1m growth @ 60%)📈

What is driving UK private company growth?