In today’s fast-paced business world, staying competitive and maximising revenue is a top priority for small businesses. One strategy that’s gaining traction is dynamic pricing. This approach involves adjusting the price of products or services in real-time based on various factors. While it might sound like something only big corporations can [...]
As an accountant running my own practice, I often advise business owners on how to run better businesses and become better business owners. This advice is not limited to financial matters; it also encompasses cultivating positive habits, and avoiding negative ones, that can significantly impact the success and sustainability of their [...]
In a meeting this week, a client said this to me. He had sold a successful business to start up a new venture and was feeling the pain that the challenge of a startup brings. I thought about what he was saying, and I think he meant that whilst each venture [...]
In the realm of business, small business owners must wield the art of effective planning to ensure success in the face of challenges and opportunities. The adage "Proper Planning Prevents Poor Performance" encapsulates the essence of this crucial practice. Let's look at the origins of this saying and explore how its [...]
In today's fast-paced business landscape, where technology often takes the forefront, the human touch remains an invaluable asset. For small business owners, having a professional adviser readily available can be the difference between thriving, and merely surviving. In a world where call centres and automated responses are becoming the norm, businesses [...]
I am no economist, so I do not really understand the thought process of raising Corporation Tax at a time of high inflation. To me, the aim of raising Corporation Tax, in addition to feeding money into the treasury, is designed to encourage spending by companies. But surely this will feed [...]
Times are undoubtedly tough - there is a cost-of-living crisis, inflation is high (although falling) and in an attempt to curb it, the Bank of England and the Government are seemingly crippling the economy. Add to this the fact there appears to be a lack of people willing to work. Many [...]
After years of seemingly giving a free reign over R&D claims with very little scrutiny, HMRC are now shifting significant resources to their Research and Development Anti Abuse Unit. The new unit is dedicated to reviewing R&D claims for both small and large companies. HMRC estimates that the total monetary value [...]
Any marketeer will tell you that a successful marketing strategy needs to contain a mix of activities. One of these activities should include Networking. When you think of Networking you might think of early morning meetings, with strong coffee and a hit or miss breakfast, but Networking is much more than [...]
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 system or process. It can be a physical, environmental, or resource-related factor that acts as a barrier or limitation to achieving desired outcomes. [...]
