It’s time for the weekly finance round-up – we’ve chosen the top online article to make sure your business is on top of all things financial!
Feature of the week
Catching our eye this week is this guide to ‘Bitcoin’, coming from The Guardian’s Small Business Network. It’s a great feature for those who have heard talk of the digital currency (AKA ‘cryptocurrency’) but still have a lot of questions.
The article gives a succinct overview of the advantages of Bitcoin (it’s meticulously tracked, so very difficult to be used for illegal transactions or as part of a fraud operation), as well as the disadvantages (it currently has no collateral or guarantee of a loss from the government if stolen).
We love the SME case study towards the end, featuring pub manager Stephen Early who lets customers pay for their drinks with Bitcoin. Read more about his endeavour in the article here.
Here are some more of our favourites from around the web:
Win a £10k marketing boost with the Opus Energy Business Boost! | Opus Energy Gift
You did read that correctly – we’ve just kicked off a competition for small businesses to win a huge, professionally created marketing package. If the only thing stopping you from shouting about your company is finances, click above to see how to get involved.
Many are making thousands from their hobbies, thanks to the web | The Independent
Are you one of the many now using the internet to turn their hobby into cash? A great insight into how the internet can be a small start-up’s ideal platform for making a profit.
Small business loans at big banks see 20 percent rise | Small Business Trends
Small business lending is climbing, according to this new research. Conducted by biz2credit.com, the results suggest that many more small businesses are borrowing from big banks than this time last year.
Starting and ending on a digital theme, this article remarks on recent comments made by Ed Vaizey, Minister for Culture and Digital Economy. Noting that SMEs drive economic growth to the UK, Vaizey reminds us that many SMEs are very vulnerable to great loss from cyber security breaches.