Whatever the industry your business operates in, you will probably suffer from a limiting factor of some description. Something that will limit your business' growth potential. At some stage, without careful management, you will reach the point where your growth is held back. The first thing you need to do when trying to break through these [...]
Nobody can be good at everything so no one should try to be. I am aware that I can’t do everything in my business so why is it that I try to? Probably because, like most accountants, I hate spending money, but this trait, of wanting to do it all myself can end up costing [...]
I don’t need to tell you that trading online is often a volume business with low margins. The more you sell, the more you make. Also time is against you; when orders come in, the pressure is on to fulfill them. So whilst you know Bookkeeping is essential, it can be a drag and if [...]
We recently moved house and while I was looking through the 100’s of books we had in our loft... I discovered a nursery rhyme book from my childhood and the first rhyme I read started with the line “A man of words and not of deeds is like a garden full of weeds.” That immediately [...]
Don't Just Go With Your Gut! This post is about how the right business numbers can help you make decisions. Managing a business is tough, whether your business is growing, is stagnant or declining you still need to make decisions. Decisions that can have a huge impact. I have always been interested in how decisions [...]
I was at a networking meeting a while ago and sat next to a fellow businessman who, during the course of our conversation said to me, “We are no better than anyone else”! I was a bit taken aback, “how so” I asked, “We have 3 or 4 larger competitors” he elaborated “when we do [...]
As we have seen recently with Volkswagen, big businesses can get themselves in all sorts of trouble. When businesses get big they can lose flexibility, lose control and sometimes lose their moral compass. Once a business is listed it becomes more accountable to its shareholders and the focus can move away from what’s best for [...]
There are many reasons why you might want to use a virtual office address for your business. For example, if you run your business from home and you don’t want your customers to know. It’s understandable that you may also not be keen to have your address out there in the [...]
I grew up in a traditional English seaside town that can trace its history back to 1871. The town was founded by entrepreneur and businessman Peter Bruff. The Pier was one of the first buildings in the town and it allowed tourist to be brought in by steam ship from London. The town thrived on [...]
Fortunately, if your business is struggling and you haven’t ever undertaken any planning it’s not too late to start. The importance of planning in a business is well documented. Without a plan how can you know what you are trying to achieve and where your business is going. A plan can come in many forms from [...]
