Grow London Local: Coffee Fridays – Networking with Like-Minded Business Owners

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The event kicked off with Monowar Hossen, Business Support Manager, who highlighted a significant issue: despite the availability of resources, four out of five SMEs in London did not receive business support last year due to difficulties in locating the right service providers. This is where Grow London Local plays a crucial role, assisting London SMEs in finding the resources they need.

Brandon Merrifield, another Business Support Manager, shared the vision of Grow London Local, emphasising that every micro and small business in London should be able to access necessary support to succeed. This vision aligned with Mr. Nurujjaman’s presentation, which covered essential topics for startups.

In his address, Mr. Abul Nurujjaman ACCA FMAAT stressed the importance of comprehensive business and marketing plans, noting that “If you fail to plan, you plan to fail.” Understanding that 50% of startups fail within the first five years, he underscored the importance of small businesses to the UK economy and local high streets.

Mr. Nurujjaman also discussed the digitalization of businesses, highlighting Taj Accountants’ early adoption of digital solutions, which allowed them to seamlessly transition to remote work during the Covid-19 pandemic. This proactive approach ensured uninterrupted operations and emphasised the firm’s forward-thinking strategy. He further illustrated the use of Intuit Quickbooks for cloud accounting, which Taj Accountants implements to enhance clients’ financial management and reporting solutions.

Additionally, he elaborated on recent changes at HMRC and the shift towards Making Tax Digital (MTD), stressing the necessity for businesses to adapt to these changes. Taj Accountants offers a free 30-minute consultation to assist businesses in planning their growth and navigating these transformations.

The event concluded with a collective acknowledgment of the need for solid planning. Mr. Nurujjaman’s quote, “If you fail to plan, you plan to fail,” encapsulated the essence of strategic preparation in today’s dynamic business environment.

The morning was filled with valuable exchanges and new connections, reinforcing the hope that Grow London Local will continue to support local businesses effectively. For those seeking Accountants in London, Small Business Accountants London, or specifically Accountants in East London, Taj Accountants stands ready to support their journey toward success. Renowned in the industry, Mr. Abul Nurujjaman is committed to empowering small businesses to reach their full potential.