The Tamebay Guide is a free resource packed with dozens of vital tools and services which can help you start, manage, maintain and grow your business.
Finance is one of the areas that all businesses need to take care of, but perhaps often given a back seat compared to the more interesting tasks such as sourcing stock, listing on marketplaces and your website and then managing orders, organising your warehouse and customer service. These tasks are the ones which will swallow your time on a daily business due to their urgency and the immediacy placed on them, but taking care of finance can in itself add to your bottom line profitability. Plus of course it’s mandatory as you’ll be completing tax returns and handling VAT.
In the Tamebay Guide you’ll find a number of finance businesses that can assist. Some can save you money by offering better rates when you repatriate funds from marketplaces in overseas currencies. Others can offer loans to help you invest more and grow your business. Still more solutions can help with the day to day business of keeping your accounts in order.
If you’ve not reviewed how you run your business and where you can save money on processes you already have in place, how you can streamline your affairs with accounting and VAT services, or considered the finance options available to grow your business, this is a great time of year to do so.
Once Prime Day has passed, most businesses should be considering how to ramp up in time for Black Friday and Christmas, so consider what stock you’d like to invest in and if you have the finances in place to acquire it. Think about how much you sell overseas and if you could get a better rate than marketplaces offer to repatriate your funds (or if there are better rates than your bank offers when you need to settle overseas invoices) and consider how to streamline your accounts and VAT, particularly when trading overseas.
You’ll find solutions to assist you either by visiting the finance section of the Tamebay Guide online, or you can download the entire Tamebay guide to view offline.