You may be surprised that many accountants are not great at communicating. We frequently hear stories about the broken relationship business owners have with their accountants and the root of this relationship break down is poor communication. They say that assumption is the mother of all Screw-Ups, and that is exactly [...]
This month is all about the relationship with your accountant, giving you some great insight and advice on how to manage this relationship to the benefit of your business. Seeing or hearing from your accountant on a regular basis makes a massive difference to your business. An accountant, who keeps in [...]
A Cash flow forecast is used to predict your business’s future financial position for the period ahead. Your forecast allows you to see what money you expect to be paid into the business and the amount you’ll need to payout. It’s a useful tool to help you manage your business more [...]
Most business owners immediately think of the bank or loans when they’re short of cash. But there are many more resources you can tap before you ask for that expensive overdraft or an overdraft extension. You can often free up funds from within your business by re-examining your business systems, and [...]
A good credit control system is worth its weight in gold. The system doesn’t have to be over-complicated; it simply needs to be systematic and capable of applying increasing pressure on the late-paying customers without upsetting the good ones. If you haven’t got these steps in place in your credit control [...]
If you have run a business for any length of time, then you will have accumulated recurring costs, often without realising it. These aren’t necessarily huge expenses which are clearly visible from your statements, but rather they are smaller, regular costs that often go unnoticed and can add up to significant [...]
This month is all about the cash problem; we will give you some great insight and advice on how to manage your cash flow. Cash is like oxygen for a business; you will always need a source of it to keep you going. With our simple must-haves, you’ll have the right [...]
Ever dreamed of starting a family business or considered investing in a franchise opportunity with friends? Businesses owned and operated by families can have incredible staying power. Volkswagen, Samsung, and Nike - all family-owned companies - are among the world’s most successful, leading brands. It can be fun and rewarding to [...]
It’s been said that a business partnership is a lot like a marriage, and the comparison holds when things go skewed: the end of a partnership is a lot like divorce. Solicitors will be involved, and assets will need to be divided. However, a separation need not be overly dramatic or [...]
Eighty per cent of staff turnover is caused by bad hiring decisions, according to the Harvard Business Review. There are many reasons why your staff turnover is high and finding these snags in your recruitment process is the key to reducing this. The most frequent reason is lack of personal development; [...]
