The worst business advice to follow
When you’re a small business owner, you get used to people giving you advice. Sometimes you seek out their insights while other times they share whether you want them to or not. While the advice is almost always well-intended, it’s not always good. In fact, sometimes it’s downright awful. Here are some tips that well-meaning […]
If my business is making a profit, where’s the cash?
Some small business owners find themselves in the difficult position of running a business that appears to be profitable, but still having no money in the bank. It’s an important situation to address. After all, a lack of adequate cash flow is one of the main causes of small business failure. Here are three reasons […]
How to Choose the Right Software for Your Business
These days, businesses have plenty of options when it comes to choosing software. There are hundreds of developers creating and perfecting new products designed to help you more effectively and efficiently run your business. With so many options available, it’s important to focus so you know where to start looking and how to make the […]
Know Your Numbers – part three
Your Retirement Numbers Do you know how much money you need in retirement? Do you know when you can afford to retire? Have you not thought about it? Have you just ‘thought’ I’ll retire at 60, 65, 70 whatever age you’ve thought of? How did you decide on ‘that’ number? Most people reading […]
A plan without action and accountability is a waste of time
Do you have a business plan? Business plans can be a great way for you and your team to set out your plans and targets for the business. You focus on the purpose and visions. Talk about ideal customers, your value proposition – what makes your business different. Strengths and weaknesses, KPI’s… Don’t stop […]
Better information = Peace of Mind
“Management Accounts to provide you with peace of mind”. It may not sound like a great marketing strap line but its what many business owners want. Not waking up in the middle of the night wondering how much tax they owe or whether they can ‘really’ afford to pay themselves extra. To know what the […]
7 Top Tax Saving Tips for Businesses
We often get asked by business owners; “How can I pay less tax?” There is no one simple answer to that question but we’ve detailed seven of the best ways a business can reduce its tax bill, legally, and provide more value to themselves, their family and their team. Trivial benefits Trivial benefits can […]
How To Use Your 4 Business Bank Accounts
In our earlier blog ‘How Many Bank Accounts Does A Business Need?’, we explained the four essential bank accounts every business should have. You may need more in your business, but four should be the minimum. Each of the four bank accounts has a clearly defined role and I’ve explained below some of the basic […]
How Many Bank Accounts Does A Business Need?
At least 4. And I recommend this approach for ALL of our clients. We all know that cash management can be a big issue when trying to run a business. Having to manage cash on top of everything else can become a major headache. I’m not just talking about chasing customers for payments. It’s also […]
Building Something Exceptional
As you’d expect, I’m always looking into where I could be making more tax-efficient decisions. And this is especially important given my business plans. You see, I don’t just want to build any old business; I want to create something exceptional. By that, I mean something that I can be proud of, and that serves […]