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Effective Time Management Strategies for Small Business Owners A limiting factor refers to any factor or condition that constrains or restricts the growth, development, or success of a [...]
Fraud – What to look for and how to overcome it
In light of a recent story in The Guardian entitled ‘Victims speak out over ‘tsunami’ of fraud on Instagram, Facebook and WhatsApp’, where it was reported that there [...]
Customer Loyalty – a win win approach to marketing
I have been trying to buy a car recently and had such a mixed experience ranging from the ridiculous to the bizarre. From the uninterested salesperson, to the [...]
Are the government the creators of the rental crisis?
As property prices accelerate and first-time buyers struggle to afford to buy a home, the number of private renters has grown rapidly — from 2 million in 2000 [...]
Making tough decisions – The prerogative of Business Owners
It has been a tough week running Accsys, with some difficult decisions that had to be made. My philosophy is always to be transparent with my team, bringing [...]
FUTURE WEALTH WARNING (Updated)
Aged between 45-70? Check your state pension record now. This article does not constitute financial advice, please take independent advice on pensions before making financial decisions. Pension rules [...]
Artificial Intelligence (AI) – what is it and will it replace your work force?
AI has made the news this week with the BBC reporting that BT are shedding 55,000 jobs and up to a fifth of these will be replaced with [...]
Why a Regular Finance Meeting is important (FREE AGENDA INCLUDED)
We believe that a regular finance meeting is a sign of a healthy business. So much so, that we have written out an agenda for you to use [...]
Motivation – what is it and where has mine gone?
Motivation is the driving force behind why we do what we do. It is the internal or external process that energises, directs, and sustains our behaviour toward a [...]
The curse of assumed knowledge
Assuming that everyone has the same level of knowledge or understanding as you do, without actually checking to make sure, can be a problem in business because it [...]
Another Bank Holiday – are you joking?!
The title of this blog has come up in conversations with our clients recently, who cannot believe there is another bank holiday in May to celebrate the King’s [...]
“Don’t forget to get the receipt”, says the bookkeeper
Business owners must have a love-hate relationship with receipts. On the one hand they are a pain in the backside always having to remember to get them and [...]
End of Q1 – How are you doing vs your plan?
In January, we released our Recession Busting Business Plan template, and here we are now, at the end of Q1 2023 and I wondered how you are doing [...]
Keep it separate – why a separate account for your sole trade business is important
Working for yourself is difficult at the best of times - you have a lot of balls to juggle and things to remember. One of those things is [...]
The Importance of Non-Financial KPIs: Understanding what they are and why they matter
Peter Drucker once said, “If you can’t measure it, you can’t manage it.” Key Performance Indicators (KPi’s) are often associated with financial measures, but Non-Financial Key Performance Indicators [...]
Why corporate responsibility matters!
Corporate responsibility refers to the concept that businesses have a responsibility to act in a socially responsible manner. This includes considering the impact of their activities on the [...]
Spring Budget Update for Small Business Owners
The Spring Budget took place on the 15th March 2023 and it has to be said, on the face of it, was not that exciting. That said, it [...]
Ensuring that the price is right
Small business owners often face a variety of challenges when it comes to pricing their products or services. While it may be tempting to under-price in order to [...]
Help your business survive the tough times by cutting costs
Cutting costs in a small business is a key strategy to improve profitability and ensure sustainability, and it might not be as difficult as you think. Here are [...]
Avoiding the mistakes made by small business owners
The list of reasons that businesses fail is long, and many of these are out of the business owners’ control, but sometimes mistakes are made. Here are the [...]
Why Insolvencies are on the rise and what you can do about it
The latest figures by the UK Insolvency Service reveal there were 22,109 underlying corporate insolvencies in 2022, an increase of 57% from 2021’s statistics. There are several factors contributing [...]
Have you fallen out of love with your business this Valentines?
They say there are 5 stages of love: Attraction – Curiosity – Crisis – Deep Attachment- Commitment But these don’t just apply to l’amour, they can easily be [...]
LLP vs Limited Company – Are there tax savings to be had?
With Corporation Tax going up, we have seen an increase in the possibility of using an LLP instead of, or alongside, a Limited Company to mitigate some of [...]
Making Tough Decisions
The worst thing about running a business is the responsibility you feel for keeping everything on track. This responsibility never goes away - it’s always there - in [...]
5 Reasons You Should Invest in Your Small Business Social Media
So, you’ve just made the switch to self-employed life. Amidst finding new clients and getting to grips with doing your taxes, you might not be ready to throw [...]