One exit strategy you may consider as a business owner, is selling your business to a 3rd party. The reasons for this are many; you may be ready to retire, you may want to move on to new challenges or the business may have become unmanageable. If this sounds like you, or [...]
Cashflow is important for all businesses but especially so for those in construction, where jobs can be larger, payment terms can also be long and supplier terms short. This blog outlines the steps you can take to make sure that your Construction Business does not run out of cash, including: Forecasting [...]
Yesterday I heard the sad news that comedian Sean Lock had passed away after losing a battle with cancer, far too soon aged only 58. It’s a sad loss indeed, he brought laughter and comedy to many, including myself – I could often be found doubled over in front of the [...]
One of the key components of making sure your construction business is profitable, is having access to accurate management accounts. An accurate Profit and Loss and Balance Sheet will help you make financial decisions, based on accurate information, in a timely manner. An accurate P&L will include the following: Work In [...]
Are you looking to either scale up or downsize, your business? We’ll help you review your existing business plan, run scenarios and forecasts, and look at the most appropriate strategy for your future. The post-Covid, globalised economy has created a number of challenges for the average business. Depending on your business [...]
We are pleased to announce that our popular classroom course, which retails at £295 + VAT, has been put online and is now available for FREE. Over 150 people have been trained using the contents of this course and it is now available for you, online, FREE of charge. The course takes [...]
Last week we saw a stark example of the fine line between winning and losing. The hopes of a nation dashed by a few goals in a penalty shootout. Sometimes, in business, there is also a clear distinction between success and failure. One business survives and another fails. This clear line, [...]
I read recently that there is now more invested in Cryptocurrencies (or Crypto Assets), such as Bitcoin, Doge Coin etc, than in traditional stocks and shares. Seemingly then, this is the new gold rush and people are speculatively investing to see if the value of their investment can skyrocket and make [...]
For the first time in the last few years, I recently, had a business owner tell me that they did not want to grow their business. Whilst I do understand that not everyone has the motivation to grow, before I accept that they do not actually want to grow, I try [...]
Here are the changes explained. Corporation Tax is set to rise from 19% to 25% from 1st April 2023. The full rate of 25% will only be applicable for those businesses making profits of over £250,000. Businesses earning profits of between £50,000 to £250,000 will be able to claim marginal relief. Tax is higher [...]
