Even before the coronavirus pandemic set in during 2020, there was a rise in click and collect orders. Some sources expected a whopping 78% increase from 2019 figures, while other, more modest figures indicated a 32% rise. Needless to say, click and collect orders are expected to double by 2025 and surpass the expected figure…
Gone are the days of only being able to pay by cash or even cheque. Our world is changing so fast and with all the technological advancements taking place, you could even pay for a purchase with your watch or smartphone, if that’s more convenient for you. Times certainly are changing. The payment methods available…
Do you remember those warm mid-summer evenings with the smell of candy floss in the air and the sound of joyful children having the time of their lives? Most of us have had some memorable experiences at carnivals – from our early childhood into adulthood. Carnivals are a celebration of summer, family, food and drink…
Before you think of a name for your online store or even think about your website and its design, you need to know what you’re going to be offering. Selling online these days is a popular trend that’s unlikely to go anywhere soon. With so many products available on the market, it may become daunting…
When Felipe Araujo moved to Portugal from Brazil, little did he realise that his whim would turn into a business pursuit. Yet, with time, he succeeded in turning his love for the ocean into a profitable business with many returning customers. What was merely inviting some friends over from Brazil to sail to Croatia soon…
When running a business, you’d want to do it smoothly and seamlessly. However, it’s unlikely that you’ll be able to take care of all the aspects that come with it, and this is where outsourcing comes in. But what is that, and why should you consider it as a strategy for your business? Perhaps before…
It was as early as the last decade, in 2014 to be more precise, when The Economist Intelligence Unit found that 80% of customers “are demanding new consumption models, including subscribing, sharing, and leasing – anything except actually buying a product outright.” And this is where recurring payments have entered the payments landscape to change…
It wouldn’t be an overstatement to say that we’ve all probably purchased something online over the past two and a half decades. After all, with the proliferation of the world wide web, the Internet, and the technologies that go along with these developments, it’s become even easier to shop online. Whether through your smartphone, computer,…
Although not a new concept, embedded finance is a growing trend that’s more than likely to remain fixed in place and thrive in the future as consumers and businesses seek ways of getting around banks for traditional banking services. With this increased convenience, we’re likely to see huge rates of adoption worldwide. Some predict that…
For those of you whose strengths do not lie in numbers, talking about invoices and pro forma invoices could, at the very least, be confusing. However, as a business owner, it’s important to know the meaning of these terms so that you can run your business more effectively. So, what does a pro forma invoice…
Unless you’re a one-man or woman business, the chances are that you have employees working for you. These are going to be your business’s greatest asset, as employees can portray your brand and company culture like no other force out there. Essentially, they’re your greatest brand ambassadors. But what happens when the “honeymoon” phase ends…
In the world of subscriptions and continuous payment authority, the various terms used may sometimes lead to confusion. From recurring payments themselves to standing orders and direct debits, they all share some similarities, but there are some fundamental differences. In this blog post, we explore what is a standing order and the primary differences between…
Imagine a publicly listed company on the stock exchange. Now imagine that this company is divided into hundreds of little pieces which you can own. This is the case even if you don’t run a company. These “little pieces” are “shares” and the person who owns them is known as a shareholder. But looking at…
Bookkeeping and accounting are not everyone’s cup of tea. They involve an in-depth knowledge of numbers and an accurate way of putting each one where it belongs in a firm’s general ledger. While you’re right to think that this profession involves numbers, to make things even more complicated, there is also a specific terminology that’s…
One of the first things you need to do when thinking of starting up your own business is to determine your business structure. Will you be a sole trader or a limited company? This distinction is crucial as it will determine not only what type of profit and income you make but also your debts…
